Seagate Technology (NASDAQ:STX) CEO William Mosley Sells 2,849 Shares

Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 2,849 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $862.13, for a total value of $2,456,208.37. Following the transaction, the chief executive officer owned 296,449 shares of the company’s stock, valued at $255,577,576.37. This represents a 0.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Seagate Technology Stock Down 3.7%

Shares of STX opened at $830.17 on Friday. The stock has a market capitalization of $188.77 billion, a price-to-earnings ratio of 59.81 and a beta of 2.06. Seagate Technology Holdings PLC has a 1 year low of $193.32 and a 1 year high of $1,145.00. The business’s 50 day simple moving average is $848.79 and its 200-day simple moving average is $725.45. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same period last year, the firm posted $2.59 earnings per share. 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. As a group, equities analysts expect that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is presently 21.33%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on STX. Melius Research initiated coverage on shares of Seagate Technology in a report on Monday, June 29th. They issued a “buy” rating and a $1,600.00 price target for the company. Argus boosted their price objective on Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Susquehanna upped their price objective on Seagate Technology from $775.00 to $875.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $1,350.00 price objective on shares of Seagate Technology in a research note on Wednesday, July 29th. Finally, Wall Street Zen cut Seagate Technology from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 6th. One 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 stock currently has an average rating of “Moderate Buy” and an average target price of $986.00.

Hedge Funds Weigh In On Seagate Technology

A number of large investors have recently bought and sold shares of the business. Rakuten Securities Inc. increased its stake in Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 168 shares during the period. Retirement Wealth Solutions LLC boosted its stake in shares of Seagate Technology by 70.6% during the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock valued at $28,000 after purchasing an additional 12 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Seagate Technology by 23.1% in 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 during the last quarter. Quarry LP bought a new position in shares of Seagate Technology in the fourth quarter worth about $31,000. Finally, WealthCollab LLC increased its stake in Seagate Technology by 27.4% in the 1st quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock worth $36,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology News Summary

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

• Positive Sentiment: Analyst commentary remains constructive on Seagate’s fiscal 2027 prospects. Cloud-storage demand, growing AI workloads and the company’s HAMR technology are expected to support revenue growth exceeding fiscal 2026 levels. Can Seagate Sustain Its Strong Revenue Growth in Fiscal 2027?
• Positive Sentiment: Seagate’s recent earnings momentum and exposure to AI infrastructure continue to underpin the bullish case; the company previously exceeded quarterly EPS and revenue expectations and issued strong fiscal 2027 guidance.
• Neutral Sentiment: Management presented at the Goldman Sachs Communacopia + Technology Conference, giving investors additional commentary on the company’s strategy and demand outlook, but no major new financial catalyst was identified. Seagate Technology Holdings plc Presents at Goldman Sachs Communacopia + Technology Conference 2026
• Negative Sentiment: Storage and semiconductor stocks came under selling pressure following an AI algorithmic-efficiency breakthrough, raising concerns that improved efficiency could reduce the near-term intensity of infrastructure spending. Seagate Stock Drops Friday: What’s Going On?
• Negative Sentiment: After roughly tripling during the year, Seagate stock is experiencing profit-taking as investors lock in gains. The pullback reflects elevated expectations and high valuation sensitivity across the storage group. Storage Stocks Slide as Profit Taking Follows Big Run
• Negative Sentiment: CEO William Mosley, CFO Gianluca Romano and executives John Morris and Ban Teh reported stock sales totaling about $4.7 million. The sales were relatively small compared with their remaining holdings, and Ban Teh’s transaction was executed under a pre-arranged Rule 10b5-1 plan, but the cluster of insider selling may add to short-term investor caution. SEC insider transaction filings

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.