Seagate Technology (NASDAQ:STX) CEO William Mosley Sells 97,889 Shares

Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 97,889 shares of Seagate Technology stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $772.14, for a total value of $75,584,012.46. Following the sale, the chief executive officer owned 378,108 shares in the company, valued at $291,952,311.12. This trade represents a 20.57% decrease in their position. The transaction was disclosed in a filing 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.

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $783.18 on Thursday. The company has a market cap of $178.09 billion, a PE ratio of 56.43 and a beta of 2.06. The stock has a fifty day moving average price of $844.88 and a 200 day moving average price of $735.67. 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 Holdings PLC has a 1-year low of $206.26 and a 1-year high of $1,145.00.

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

Seagate Technology Announces Dividend

The business 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 $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is currently 21.33%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wedbush lifted their price objective on Seagate Technology from $825.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Argus boosted 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. China Renaissance boosted their price target on Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. TD Cowen increased their price target on Seagate Technology from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $986.00.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Seagate remains positioned to benefit from AI-driven growth in data-center storage. Fidelity investment commentary describes the company as a primary beneficiary of rising hard-disk-drive demand, supported by strong nearline storage requirements and hyperscale customers. AI-driven HDD demand article
• Positive Sentiment: The company’s latest reported quarter showed revenue growth of 48.5% year over year, with earnings of $5.71 per share exceeding the $5.10 consensus estimate. Management also issued fiscal first-quarter 2027 EPS guidance of $7.10 to $7.50, reinforcing the earnings-growth narrative. Seagate earnings article
• Neutral Sentiment: Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $986. However, coverage also warns that expectations for AI-storage growth may already be reflected in STX’s elevated valuation, increasing the risk of profit-taking. Seagate valuation article
• Negative Sentiment: CEO William Mosley, CFO Gianluca Romano and EVPs John Morris and Ban Teh collectively reported substantial stock sales on September 15. Several transactions sharply reduced their holdings, although the filings state that the sales were made under pre-arranged Rule 10b5-1 plans or to cover tax withholding on vested equity awards. Seagate insider sale filing
• Negative Sentiment: STX has also been affected by a wider technology selloff after prominent AI executives called for a slower, more cautious pace of frontier-model development. That development has pressured AI-exposed storage and semiconductor stocks, even though it does not directly change Seagate’s current earnings outlook. Broader AI technology selloff article

Institutional Trading of Seagate Technology

A number of institutional investors and hedge funds have recently made changes to their positions in STX. Retirement Wealth Solutions LLC grew its position in 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 acquiring an additional 12 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Seagate Technology by 23.1% in the 1st 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 period. WealthCollab LLC lifted its stake in shares of Seagate Technology by 27.4% in the 1st 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. University of Texas Texas AM Investment Management Co. purchased a new position in Seagate Technology in the fourth quarter valued at approximately $37,000. Finally, McMillan Office Inc. acquired a new position in Seagate Technology during the first quarter valued at approximately $39,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

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.