Insider Selling: Seagate Technology (NASDAQ:STX) EVP Sells 15,466 Shares of Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP John Morris sold 15,466 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $772.15, for a total value of $11,942,071.90. Following the sale, the executive vice president owned 31,132 shares of the company’s stock, valued at approximately $24,038,573.80. The trade was a 33.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

John Christopher Morris also recently made the following trade(s):

• On Monday, September 14th, John Morris sold 493 shares of Seagate Technology stock. The shares were sold at an average price of $781.23, for a total value of $385,146.39.
• On Thursday, September 10th, John Morris sold 572 shares of Seagate Technology stock. The shares were sold at an average price of $862.13, for a total value of $493,138.36.
• On Friday, August 21st, John Morris sold 3,516 shares of Seagate Technology stock. The stock was sold at an average price of $849.35, for a total value of $2,986,314.60.
• On Thursday, August 20th, John Morris sold 523 shares of Seagate Technology stock. The stock was sold at an average price of $835.54, for a total value of $436,987.42.
• On Monday, August 3rd, John Morris sold 168 shares of Seagate Technology stock. The shares were sold at an average price of $817.76, for a total value of $137,383.68.

Seagate Technology Trading Up 1.5%

Shares of Seagate Technology stock traded up $11.37 on Wednesday, reaching $783.18. 3,353,335 shares of the company’s stock were exchanged, compared to its average volume of 4,331,383. The company has a market capitalization of $178.09 billion, a P/E ratio of 56.43 and a beta of 2.06. Seagate Technology Holdings PLC has a 52 week low of $206.26 and a 52 week high of $1,145.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. The firm’s 50-day moving average is $846.41 and its two-hundred day moving average is $733.04.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating the consensus estimate of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the business posted $2.59 EPS. Seagate Technology’s revenue for the quarter was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Sell-side analysts predict that Seagate Technology Holdings PLC will post 35.7 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s payout ratio is 21.33%.

Key Headlines Impacting Seagate Technology

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: Seagate is being highlighted as a major beneficiary of rising AI-driven demand for high-capacity hard-disk drives. Fidelity’s investment commentary points to expanding hyperscale and data-center storage requirements, while Seagate’s latest quarterly results showed revenue growth of 48.5% year over year and earnings above expectations. Fidelity commentary on Seagate and AI storage demand
• Positive Sentiment: A Seagate-sponsored industry study found that 99% of organizations expect AI to increase storage needs, although only 38% believe they are fully prepared. The gap suggests potential future demand for Seagate’s mass-capacity storage products. Seagate AI storage research
• Positive Sentiment: Analyst sentiment remains favorable, with recent price-target increases and a consensus rating of “Moderate Buy.” Targets cited in the reports range as high as $1,300, reflecting expectations for strong nearline demand, hyperscale contracts and next-generation HAMR drive shipments. Seagate analyst ratings and price targets
• Neutral Sentiment: One report argues that Seagate could potentially reach $1,600 if AI-related storage demand continues to accelerate. However, the stock has already risen substantially, and investors are debating whether the expected growth is already reflected in its valuation. Seagate long-term price outlook
• Negative Sentiment: Multiple executives have recently sold shares, including CFO Gianluca Romano, CEO William Mosley and EVPs John Morris and Ban Teh. Most transactions were conducted under pre-arranged Rule 10b5-1 plans or to cover tax withholding on vested equity, which reduces their value as a bearish signal but may still weigh on sentiment. Seagate insider selling report
• Negative Sentiment: STX has also been pressured alongside other AI-linked technology stocks after prominent AI executives called for a slower, more cautious pace of frontier-model development. The market reaction raises concerns about the timing of AI infrastructure spending, even though Seagate’s underlying storage-demand outlook remains strong. AI technology sector selloff

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Melius Research assumed coverage on Seagate Technology in a research note on Monday, June 29th. They issued a “buy” rating and a $1,600.00 target price for the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $1,350.00 price target on shares of Seagate Technology in a report on Wednesday, July 29th. Fox Advisors cut Seagate Technology from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. Susquehanna boosted their price objective on Seagate Technology from $775.00 to $875.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Finally, Rosenblatt Securities upped their target price on Seagate Technology from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $986.00.

Hedge Funds Weigh In On Seagate Technology

Hedge funds have recently added to or reduced their stakes in the stock. Bouchey Financial Group Ltd. bought a new position in shares of Seagate Technology in the second quarter valued at approximately $377,000. Miramontes Capital LLC bought a new stake in Seagate Technology during the second quarter worth $335,000. IPG Investment Advisors LLC raised its position in Seagate Technology by 16.0% in the 2nd quarter. IPG Investment Advisors LLC now owns 1,032 shares of the data storage provider’s stock valued at $997,000 after buying an additional 142 shares during the last quarter. MCF Advisors LLC lifted its stake in Seagate Technology by 97.1% during the 2nd quarter. MCF Advisors LLC now owns 203 shares of the data storage provider’s stock valued at $196,000 after acquiring an additional 100 shares in the last quarter. Finally, Lotus Asset Management LLC bought a new position in Seagate Technology during the 2nd quarter valued at $676,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Company Profile

Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.

The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.