William Mosley Sells 20,000 Shares of Seagate Technology (NASDAQ:STX) Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CEO William Mosley sold 20,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 410,056 shares of the company’s stock, valued at approximately $176,024,739.12. This trade represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Seagate Technology Stock Down 5.8%

Seagate Technology stock opened at $418.63 on Thursday. The firm has a market capitalization of $91.29 billion, a price-to-earnings ratio of 47.36, a PEG ratio of 0.99 and a beta of 1.62. The company’s 50 day simple moving average is $314.83 and its 200 day simple moving average is $245.01. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $459.41.

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

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be issued a dividend of $0.74 per share. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.7%. Seagate Technology’s payout ratio is currently 33.48%.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Q4 results and AI tailwind — Seagate beat estimates (EPS $3.11 vs $2.77; revenue $2.83B vs $2.73B) and gave robust near‑term guidance (Q3 FY26 EPS $3.20–$3.60), citing AI-driven demand and long‑term HAMR visibility — a clear fundamental driver of the rally. Read More.
• Positive Sentiment: Cantor Fitzgerald boost — Cantor raised its price target sharply (from $500 to $650) and put an “overweight” rating on STX, signaling sizable upside versus the recent price and helping fuel momentum. Read More.
• Positive Sentiment: Broader analyst re‑ratings — Multiple firms have raised targets (including recent MSN/other reports raising targets into the $400s), supporting valuation re‑rating and increased buy‑side interest. Read More.
• Positive Sentiment: Dividend & shareholder returns — Seagate declared a quarterly dividend ($0.74), which supports income/semi‑value investor interest and slightly cushions sentiment. Read More.
• Neutral Sentiment: Media & momentum coverage — Zacks and other outlets are spotlighting STX as a momentum/growth pick tied to AI storage demand; useful for retail flows but secondary to earnings and guidance. Read More.
• Negative Sentiment: Insider selling — Several insiders sold shares recently (CEO William Mosley sold 20,000 shares at ~ $429.27; other executives/directors also sold), which can trigger short‑term caution and amplify profit‑taking after the run to 52‑week highs. Read More. Read More.

Analyst Upgrades and Downgrades

STX has been the subject of a number of research reports. Sanford C. Bernstein increased their target price on Seagate Technology from $275.00 to $370.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Rosenblatt Securities upped their price target on shares of Seagate Technology from $370.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Evercore ISI increased their price objective on shares of Seagate Technology from $330.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Cantor Fitzgerald boosted their price objective on shares of Seagate Technology from $500.00 to $650.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $424.09.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC lifted its position in Seagate Technology by 124.4% during the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after buying an additional 51 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new stake in shares of Seagate Technology in the fourth quarter valued at about $28,000. Concord Wealth Partners bought a new stake in Seagate Technology during the fourth quarter worth about $28,000. Avion Wealth boosted its position in Seagate Technology by 343.5% during the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after purchasing an additional 79 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Seagate Technology during the fourth quarter valued at approximately $37,000. Institutional investors own 92.87% of the company’s stock.

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.