Insider Selling: Seagate Technology (NASDAQ:STX) EVP Sells $608,950.30 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) EVP James Ci Lee sold 694 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $877.45, for a total transaction of $608,950.30. Following the completion of the sale, the executive vice president directly owned 347 shares of the company’s stock, valued at approximately $304,475.15. This trade represents a 66.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Seagate Technology Stock Down 0.9%

STX stock opened at $837.66 on Thursday. The firm has a market cap of $187.83 billion, a PE ratio of 60.35 and a beta of 2.06. 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 price is $896.61 and its 200-day moving average price is $640.99. Seagate Technology Holdings PLC has a one year low of $144.75 and a one year high of $1,145.00.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping the consensus estimate of $5.10 by $0.61. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The firm’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, equities research analysts anticipate that Seagate Technology Holdings PLC will post 33.08 EPS for the current year.

Seagate Technology Announces Dividend

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

Hedge Funds Weigh In On Seagate Technology

Several hedge funds have recently bought and sold shares of STX. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Seagate Technology by 23.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 15 shares in the last quarter. Salomon & Ludwin LLC boosted its stake in shares of Seagate Technology by 124.4% in the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 51 shares during the period. WealthCollab LLC grew its holdings in shares of Seagate Technology by 27.4% in the first quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock valued at $36,000 after purchasing an additional 20 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Seagate Technology in the first quarter valued at approximately $39,000. Finally, Concord Wealth Partners purchased a new stake in Seagate Technology during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Loop Capital boosted their price objective on shares of Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a report on Friday, May 15th. BNP Paribas Exane lifted their price target on shares of Seagate Technology from $530.00 to $860.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. boosted their price target on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Fox Advisors lowered shares of Seagate Technology from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. Finally, Wall Street Zen raised shares of Seagate Technology from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $986.00.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Strong earnings and guidance support the bull case. Seagate recently reported quarterly EPS of $5.71, exceeding the $5.10 consensus estimate, while revenue of $3.63 billion surpassed forecasts and rose 48.5% year over year. Management’s next-quarter EPS guidance of $7.10 to $7.50 also points to continued momentum. 5 Momentum Stocks to Buy for August Despite a Mixed July
• Positive Sentiment: AI infrastructure demand remains a key tailwind. Seagate and Western Digital dominate the hard-disk-drive market, and Western Digital’s latest results showed 44% sales growth and adjusted EPS of $3.56, beating expectations. The results reinforce demand for storage capacity tied to data centers and AI workloads, although WD’s late-session stock decline highlights investor caution. Western Digital Earnings Beat With 44% Sales Growth
• Positive Sentiment: Analyst sentiment remains favorable. Seagate has a consensus “Moderate Buy” rating, with several firms recently raising price targets. It has also been identified as an August momentum stock because of AI exposure, earnings growth and financial strength. Zacks 5 Momentum Stocks to Buy
• Neutral Sentiment: Insider sales add headline pressure but were prearranged. CEO William D. Mosley sold 30,000 shares for roughly $24.5 million across two transactions, while executives John Christopher Morris and James Ci Lee also sold shares. All reported transactions were executed under Rule 10b5-1 plans, making them less reliable indicators of management’s current outlook. Seagate Executive Form 4 Filing
• Negative Sentiment: Sector-wide profit-taking is weighing on STX. Seagate declined alongside Micron and other memory stocks as investors reassessed cyclical demand and elevated valuations. Micron’s recent pullback, despite strong AI-memory demand, underscores the volatility and valuation concerns affecting the broader semiconductor and storage group. Micron Slips 9% in a Month

Seagate Technology Company Profile

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.