William Mosley Sells 1,768 Shares of Seagate Technology (NASDAQ:STX) Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 1,768 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $880.19, for a total transaction of $1,556,175.92. Following the completion of the sale, the chief executive officer owned 327,517 shares of the company’s stock, valued at $288,277,188.23. The trade was a 0.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Seagate Technology Price Performance

Shares of Seagate Technology stock opened at $1,031.34 on Wednesday. The firm has a fifty day simple moving average of $733.37 and a 200-day simple moving average of $488.05. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a 1-year low of $130.00 and a 1-year high of $1,097.00. The stock has a market capitalization of $231.26 billion, a price-to-earnings ratio of 97.85 and a beta of 2.04.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same period in the previous year, the company earned $1.90 earnings per share. Seagate Technology’s revenue for the quarter was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, sell-side analysts expect that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, June 24th. Seagate Technology’s payout ratio is presently 28.08%.

Institutional Trading of Seagate Technology

A number of institutional investors and hedge funds have recently modified their holdings of STX. Vanguard Group Inc. grew its position in Seagate Technology by 1.6% in the third quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider’s stock valued at $6,642,796,000 after acquiring an additional 442,749 shares during the period. State Street Corp grew its position in Seagate Technology by 1.0% in the fourth quarter. State Street Corp now owns 9,370,805 shares of the data storage provider’s stock valued at $2,587,535,000 after acquiring an additional 94,527 shares during the period. Morgan Stanley grew its position in Seagate Technology by 5.1% in the fourth quarter. Morgan Stanley now owns 5,317,516 shares of the data storage provider’s stock valued at $1,464,391,000 after acquiring an additional 258,151 shares during the period. Geode Capital Management LLC grew its position in Seagate Technology by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock valued at $1,343,683,000 after acquiring an additional 234,436 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Seagate Technology by 8.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock valued at $879,338,000 after acquiring an additional 243,551 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on STX shares. Wedbush upped their price target on Seagate Technology from $700.00 to $825.00 and gave the stock an “outperform” rating in a report on Monday, April 27th. Susquehanna upped their price target on Seagate Technology from $485.00 to $615.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Rosenblatt Securities upped their price target on Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Morgan Stanley upped their price target on Seagate Technology from $767.00 to $1,035.00 and gave the stock an “overweight” rating in a report on Monday. Finally, UBS Group upped their price target on Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $831.79.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Morgan Stanley raised its price target on Seagate Technology (STX) to $1,035 and reiterated an Overweight rating, citing stronger HDD pricing and prolonged supply shortages. Benzinga reference
• Positive Sentiment: Investor enthusiasm remains high for AI-driven storage demand, with Seagate viewed as a major beneficiary of data-center spending and tightening memory supply. Yahoo Finance reference
• Positive Sentiment: Broader gains in tech and memory stocks, plus reduced geopolitical stress after the U.S.-Iran ceasefire, have improved sentiment for Seagate and its peers. Yahoo Finance reference
• Neutral Sentiment: Several Seagate executives disclosed insider sales, including the CEO and CFO, but the transactions were relatively routine and some were made under Rule 10b5-1 plans.

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.