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 Seagate Technology stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $384.76, for a total transaction of $7,695,200.00. Following the transaction, the chief executive officer directly owned 395,897 shares of the company’s stock, valued at approximately $152,325,329.72. This trade represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Seagate Technology Stock Performance

Seagate Technology stock opened at $375.01 on Thursday. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $459.84. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The company has a market capitalization of $81.78 billion, a P/E ratio of 42.42, a PEG ratio of 0.80 and a beta of 1.61. The stock’s 50 day moving average is $365.21 and its 200 day moving average is $280.81.

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

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s dividend payout ratio (DPR) is currently 33.48%.

Key Seagate Technology News

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

• Positive Sentiment: Seagate announced its next‑generation Mozaic™ 4+ HAMR platform (qualified and in production with two hyperscale cloud customers, up to 44TB) — a direct product and revenue catalyst for enterprise/hyperscale HDD demand. Read More.
• Positive Sentiment: Bernstein and other brokers have pushed price targets higher (Bernstein raised its STX target to $500 earlier), reinforcing upside expectations tied to HAMR cost savings and stronger demand. Read More.
• Positive Sentiment: Zacks added STX to its Rank #1 (Strong Buy) growth list — a positive signal for momentum-focused investors. Read More.
• Positive Sentiment: UBS published bullish memory/DRAM pricing forecasts and raised targets for chip suppliers — a tighter supply backdrop can support stronger pricing and HDD demand indirectly. Read More.
• Neutral Sentiment: Seagate presented at the Morgan Stanley TMT conference — helps transparency on strategy/execution but contained no single surprise that would immediately change the outlook. Read More.
• Neutral Sentiment: Consensus brokerage coverage is constructive (average “Moderate Buy”), reflecting recent beats and guidance but still leaving room for volatility. Read More.
• Negative Sentiment: CEO William Mosley sold 20,000 shares (~$7.7M) on March 2 — an insider sale that can prompt short‑term selling or be interpreted as executive profit‑taking. Read More.
• Negative Sentiment: Market and structural risks remain: STX trades at a high P/E and carries elevated leverage (debt/equity), which could amplify downside if macro demand weakens or if sector risk events recur.
• Negative Sentiment: Sector volatility kicked off earlier after a regional market shock (South Korea) pressured tech names — reminds investors that broader market moves can temporarily reverse gains. Read More.

Analyst Ratings Changes

STX has been the subject of several analyst reports. KeyCorp set a $500.00 price target on shares of Seagate Technology in a research report on Wednesday, January 28th. Sanford C. Bernstein increased their target price on Seagate Technology from $275.00 to $370.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Morgan Stanley boosted their price target on Seagate Technology from $337.00 to $372.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. Mizuho increased their price objective on Seagate Technology from $440.00 to $475.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Finally, Benchmark boosted their target price on Seagate Technology from $255.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $447.35.

Institutional Investors Weigh In On Seagate Technology

A number of large investors have recently made changes to their positions in the company. National Pension Service boosted its position in shares of Seagate Technology by 28.0% in the third quarter. National Pension Service now owns 250,121 shares of the data storage provider’s stock worth $59,044,000 after purchasing an additional 54,722 shares during the period. Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Seagate Technology during the 3rd quarter valued at $1,864,000. Central Asset Investments & Management Holdings HK Ltd boosted its holdings in Seagate Technology by 185.8% in the 2nd quarter. Central Asset Investments & Management Holdings HK Ltd now owns 18,734 shares of the data storage provider’s stock worth $2,704,000 after buying an additional 12,178 shares during the period. Estate Counselors LLC bought a new position in Seagate Technology in the 3rd quarter worth $2,557,000. Finally, Vision Financial Markets LLC increased its stake in Seagate Technology by 341.7% in the 3rd quarter. Vision Financial Markets LLC now owns 5,300 shares of the data storage provider’s stock worth $1,251,000 after buying an additional 4,100 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

About Seagate Technology

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.