Seagate Technology (NASDAQ:STX) CEO Sells $8,585,400.00 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $429.27, for a total value of $8,585,400.00. Following the transaction, the chief executive officer owned 410,056 shares of the company’s stock, valued at $176,024,739.12. This represents a 4.65% 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 3.1%

NASDAQ STX opened at $405.45 on Friday. The stock has a 50 day moving average price of $317.49 and a 200-day moving average price of $246.12. Seagate Technology Holdings PLC has a one year low of $63.19 and a one year high of $459.41. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. The company has a market capitalization of $88.42 billion, a P/E ratio of 45.87, a P/E/G ratio of 0.94 and a beta of 1.62.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the firm earned $2.03 earnings per share. Seagate Technology’s revenue was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, equities analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be given a $0.74 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.7%. Seagate Technology’s dividend payout ratio (DPR) is currently 33.48%.

Institutional Investors Weigh In On Seagate Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. WCM Investment Management LLC purchased a new position in shares of Seagate Technology during the third quarter worth approximately $1,187,621,000. Arrowstreet Capital Limited Partnership increased its holdings in Seagate Technology by 1,072.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock worth $696,262,000 after purchasing an additional 2,697,957 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Seagate Technology by 1,510.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock worth $553,125,000 after purchasing an additional 1,883,769 shares during the period. Norges Bank bought a new stake in Seagate Technology during the 2nd quarter valued at $197,027,000. Finally, Boston Partners purchased a new stake in shares of Seagate Technology in the 2nd quarter worth $193,500,000. Institutional investors own 92.87% of the company’s stock.

Key Seagate Technology News

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

• Positive Sentiment: Big analyst price‑target increases: Cantor Fitzgerald raised its target substantially to $650 and kept an overweight rating, signaling sizable upside from current levels. Cantor Fitzgerald $650 PT
• Positive Sentiment: BNP Paribas Exane also lifted its target to $530 and moved to an outperform/strong‑buy view, reinforcing the bullish analyst narrative that AI storage demand supports a valuation rerating. BNP Paribas PT $530
• Neutral Sentiment: Momentum and earnings coverage: Zacks and other outlets highlight STX as a momentum/AI‑tailwind name and flag it as a candidate to beat estimates — media attention can amplify flows but is secondary to guidance and macro/regulatory developments. Zacks earnings radar
• Negative Sentiment: Insider selling has spiked: CEO William Mosley sold 20,000 shares (~$8.6M) and other executives/directors have sold recently — which investors often read as a short‑term negative signal. SEC filings are available. CEO Form 4
• Negative Sentiment: Regulatory/valuation concern driving selling pressure: Coverage (Forbes, Yahoo) links recent intraday weakness to renewed worries about AI chip export restrictions to China and the optics of high‑profile insider sales, prompting investors to trim positions. Forbes: How Low Can STX Go? Yahoo: CEO share sale

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Fox Advisors lifted their target price on Seagate Technology from $245.00 to $270.00 in a report on Wednesday, October 29th. Robert W. Baird lifted their price objective on shares of Seagate Technology from $270.00 to $505.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a research report on Monday, December 29th. Barclays raised their target price on shares of Seagate Technology from $370.00 to $425.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Finally, Bank of America upped their price target on shares of Seagate Technology from $320.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Seagate Technology presently has an average rating of “Moderate Buy” and a consensus price target of $430.61.

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.