Seagate Technology (NASDAQ:STX) CEO William Mosley Sells 23,280 Shares of Company Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 23,280 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $602.44, for a total value of $14,024,803.20. Following the completion of the sale, the chief executive officer directly owned 352,828 shares of the company’s stock, valued at approximately $212,557,700.32. This trade represents a 6.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Seagate Technology Stock Up 2.1%

Shares of STX stock traded up $12.62 on Tuesday, reaching $606.38. 4,726,788 shares of the company’s stock traded hands, compared to its average volume of 4,481,508. Seagate Technology Holdings PLC has a 12-month low of $228.61 and a 12-month high of $1,145.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.17 and a current ratio of 1.82. The company has a market capitalization of $137.88 billion, a P/E ratio of 31.85 and a beta of 2.06. The business’s 50 day moving average price is $793.96 and its two-hundred day moving average price is $689.79.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, October 27th. The data storage provider reported $7.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.44 by $0.24. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.15 billion. Seagate Technology had a return on equity of 252.47% and a net margin of 31.86%. The business’s revenue for the quarter was up 61.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.61 EPS. On average, equities analysts forecast that Seagate Technology Holdings PLC will post 37.44 earnings per share for the current year.

Seagate Technology Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Wednesday, December 23rd will be issued a $0.76 dividend. The ex-dividend date is Wednesday, December 23rd. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.74. Seagate Technology’s dividend payout ratio is currently 15.55%.

Seagate Technology News Summary

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

• Positive Sentiment: Seagate’s reported $1.2 billion debt paydown, strong free cash flow and higher dividend point to greater capacity for shareholder returns. The article notes that valuation remains a concern. Seagate’s $1.2 Billion Debt Paydown: What Comes Next for Investors?
• Positive Sentiment: Seagate’s fiscal second-quarter outlook points to stronger revenue and earnings, supported by cloud demand, pricing and an accelerating HAMR drive rollout. Execution remains important to delivering that growth. Seagate Q2 Outlook Signals Stronger Growth as HAMR Ramp Accelerates
• Neutral Sentiment: A broader rebound in chip stocks provided a more favorable backdrop for technology shares, though the article does not identify a Seagate-specific catalyst. Micron, Nvidia, and AMD lead chip stocks’ rebound
• Neutral Sentiment: A look at Seagate’s decade-long returns highlights its past outperformance, but leaves open whether AI-driven demand can sustain further gains. Seagate Was Supposed to Lose to SSDs
• Negative Sentiment: Despite stronger operating results, STX has fallen sharply over the past month. Analysts cite its rich valuation and risks around executing on growth as reasons investors may remain cautious. STX Falls as Risks Test AI Storage Momentum

Wall Street Analysts Forecast Growth

Several research firms recently commented on STX. Sanford C. Bernstein restated an “outperform” rating and set a $1,350.00 price target on shares of Seagate Technology in a report on Wednesday, July 29th. Weiss Ratings lowered shares of Seagate Technology from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. Rosenblatt Securities cut their target price on shares of Seagate Technology from $1,400.00 to $1,100.00 and set a “buy” rating for the company in a research report on Monday, October 26th. Argus lifted their target price on shares of Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Barclays boosted their price target on shares of Seagate Technology from $1,000.00 to $1,250.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Twenty-three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,000.88.

Institutional Investors Weigh In On Seagate Technology

Several institutional investors have recently made changes to their positions in STX. Wellington Management Group LLP increased its stake in shares of Seagate Technology by 2,655.9% during the 2nd quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock worth $2,329,641,000 after purchasing an additional 2,326,538 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Seagate Technology by 3,872.1% in the 1st quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock valued at $378,985,000 after purchasing an additional 943,170 shares during the last quarter. Swedbank AB boosted its holdings in Seagate Technology by 67.6% in the first quarter. Swedbank AB now owns 709,160 shares of the data storage provider’s stock worth $277,821,000 after purchasing an additional 285,949 shares in the last quarter. Amundi boosted its holdings in Seagate Technology by 32.2% in the first quarter. Amundi now owns 965,565 shares of the data storage provider’s stock worth $378,267,000 after purchasing an additional 235,359 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in Seagate Technology by 119.7% in the first quarter. Hsbc Holdings PLC now owns 378,527 shares of the data storage provider’s stock worth $147,753,000 after purchasing an additional 206,196 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Company Profile

Seagate Technology Holdings plc (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.