Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report) CEO William Mosley sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $420.73, for a total value of $8,414,600.00. Following the transaction, the chief executive officer owned 355,591 shares in the company, valued at approximately $149,607,801.43. The trade was a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Seagate Technology Stock Performance
Shares of STX stock opened at $429.36 on Friday. The company has a market capitalization of $93.63 billion, a P/E ratio of 48.57, a PEG ratio of 0.94 and a beta of 1.61. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $459.84. 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 stock has a 50 day moving average price of $402.67 and a two-hundred day moving average price of $312.36.
Seagate Technology (NASDAQ:STX – Get Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.34. The business had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.
Seagate Technology Announces Dividend
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in STX. Gateway Investment Advisers LLC boosted its position in shares of Seagate Technology by 1.8% during the fourth quarter. Gateway Investment Advisers LLC now owns 1,399 shares of the data storage provider’s stock valued at $385,000 after purchasing an additional 25 shares in the last quarter. Trajan Wealth LLC raised its holdings in Seagate Technology by 1.9% in the fourth quarter. Trajan Wealth LLC now owns 1,325 shares of the data storage provider’s stock worth $365,000 after purchasing an additional 25 shares in the last quarter. Fortis Capital Management LLC raised its holdings in Seagate Technology by 1.1% in the fourth quarter. Fortis Capital Management LLC now owns 2,557 shares of the data storage provider’s stock worth $704,000 after purchasing an additional 27 shares in the last quarter. EWA LLC lifted its position in Seagate Technology by 2.1% during the fourth quarter. EWA LLC now owns 1,370 shares of the data storage provider’s stock valued at $377,000 after buying an additional 28 shares during the period. Finally, Icon Wealth Advisors LLC boosted its holdings in shares of Seagate Technology by 2.7% during the 4th quarter. Icon Wealth Advisors LLC now owns 1,060 shares of the data storage provider’s stock valued at $292,000 after buying an additional 28 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have commented on STX. TD Cowen upped their price target on Seagate Technology from $340.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Zacks Research lowered Seagate Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday. Jefferies Financial Group restated a “hold” rating on shares of Seagate Technology in a report on Wednesday, February 4th. Susquehanna raised Seagate Technology from a “negative” rating to a “neutral” rating and raised their price target for the stock from $150.00 to $280.00 in a research note on Friday, January 16th. Finally, The Goldman Sachs Group lifted their price target on shares of Seagate Technology from $310.00 to $385.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Nineteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $461.00.
Get Our Latest Research Report on STX
Seagate Technology News Roundup
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Sanford C. Bernstein analyst expects STX shares to rise, which can drive bullish flows and sentiment. Seagate Technology (NASDAQ:STX) Stock Price Expected to Rise, Sanford C. Bernstein Analyst Says
- Positive Sentiment: Seeking Alpha reports HAMR (heat-assisted magnetic recording) has moved from roadmap to production, tightening supply for high‑capacity drives and supporting margin expansion and large hyperscaler commitments — a key fundamental driver for near‑term revenue and mix improvement. Seagate: HAMR Has Matured Into A Supply Story
- Positive Sentiment: Market commentary highlights STX outperforming peers on a strong trading day, reinforcing momentum following recent quarterly beats and bullish coverage. Seagate Technology Holdings PLC stock outperforms competitors on strong trading day
- Positive Sentiment: Bernstein commentary noted Seagate (and peers) offer entry points after volatility, supporting buying interest from value/momentum traders. Seagate, SanDisk, WDC provide entry points after TurboQuant prompts plunge: Bernstein
- Neutral Sentiment: JPMorgan initiated coverage on STX (initiation may increase analyst visibility but tone wasn’t specified in the summary). JPMorgan Chase & Co. Initiates Coverage on Seagate Technology (NASDAQ:STX)
- Neutral Sentiment: Macro/industry pieces on AI-driven NAND and data growth signal broader demand tailwinds for storage infrastructure — supportive for long-term demand but indirect for HDD near‑term pricing. Will Rising AI Storage Needs Fuel Micron’s NAND Growth Through FY27?
- Neutral Sentiment: CEO William Mosley sold 20,000 shares under a pre-arranged Rule 10b5‑1 plan (disclosed to the SEC); planned insider sales are usually less alarming than ad‑hoc disposals. SEC filing: Mosley Form 4
- Negative Sentiment: Zacks downgraded Seagate from “strong‑buy” to “hold,” which can temper buy-side enthusiasm and weigh on sentiment. Zacks Downgrades Seagate
- Negative Sentiment: A Seeking Alpha piece warns the company may be richly valued at current levels despite being a good business, highlighting valuation risk for near‑term investors. Seagate: Good Company, But I Don’t Trust The Story At This Price
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.
Further Reading
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