Insider Selling: Seagate Technology (NASDAQ:STX) Director Sells 1,580 Shares of Stock

Key Points

• Director Stephanie Tilenius sold 1,580 shares on May 5 at an average price of $766.61 for roughly $1.21M, trimming her holding by about 12.9%, according to an SEC filing.
• Seagate beat expectations with Q results showing $4.10 EPS vs. $3.51 estimated and $3.11B in revenue, prompting analyst price‑target upgrades and a stock rally (trading around $786, near its 12‑month high).
• The company announced a quarterly dividend of $0.74 ($2.96 annual, ~0.4% yield) and retains heavy institutional ownership (≈92.9%) after several large funds increased positions.

Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) Director Stephanie Tilenius sold 1,580 shares of the company's stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $766.61, for a total value of $1,211,243.80. Following the transaction, the director owned 10,664 shares of the company's stock, valued at approximately $8,175,129.04. This represents a 12.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Seagate Technology Trading Up 2.0%

Shares of Seagate Technology stock traded up $15.41 during midday trading on Wednesday, reaching $786.42. 5,562,733 shares of the company's stock traded hands, compared to its average volume of 4,267,818. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. The company has a market cap of $176.34 billion, a PE ratio of 74.61 and a beta of 1.98. The stock has a 50 day moving average of $461.42 and a 200-day moving average of $361.93. Seagate Technology Holdings PLC has a 12 month low of $93.32 and a 12 month high of $792.01.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating analysts' consensus estimates of $3.51 by $0.59. The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The firm's revenue for the quarter was up 44.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. As a group, equities analysts expect that Seagate Technology Holdings PLC will post 14.1 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be issued a $0.74 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. Seagate Technology's dividend payout ratio is 28.08%.

Hedge Funds Weigh In On Seagate Technology

Several institutional investors and hedge funds have recently modified their holdings of STX. WCM Investment Management LLC bought a new position in shares of Seagate Technology during the third quarter valued at $1,187,621,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Seagate Technology by 1,072.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider's stock valued at $696,262,000 after acquiring an additional 2,697,957 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Seagate Technology by 1,510.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider's stock valued at $553,125,000 after acquiring an additional 1,883,769 shares in the last quarter. Norges Bank bought a new position in shares of Seagate Technology during the fourth quarter valued at $498,363,000. Finally, Soroban Capital Partners LP increased its holdings in shares of Seagate Technology by 1,468.1% during the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider's stock valued at $204,602,000 after acquiring an additional 1,327,197 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Seagate rolled out a new AI Storage Suite across Seagate, FireCuda and LaCie lines — high‑capacity (up to 256TB), Thunderbolt 5 support and creator/AI‑workflow features that reinforce Seagate’s TAM exposure to AI and content creation, supporting a premium valuation. Seagate’s New AI Storage Suite Meets Rapidly Rising STX Valuation
• Positive Sentiment: Wall Street coverage highlights momentum in STX — articles point to the company’s earnings beat, improving revenue mix and secular demand for storage tied to AI/datacenter as reasons for continued investor appetite. Seagate Stocks’s Rally Is No Accident: 3 Reasons Wall Street Is Optimistic
• Positive Sentiment: Momentum‑oriented research pieces (e.g., Zacks) are flagging STX as a high‑momentum name, which can attract trend‑following flows and ETFs. Seagate (STX) is a Great Momentum Stock: Should You Buy?
• Positive Sentiment: Broader market risk appetite is improving as the VIX retreats, which benefits tech and cyclical names like Seagate and likely helped lift STX alongside sector peers. CBOE VIX Slides Toward 17 as Oil Retreat and Tech Stock Surge Restore Risk Appetite
• Neutral Sentiment: Seagate will participate in upcoming investor events — increased management visibility can help sustain the rally if messaging reinforces demand trends and margin outlook. Seagate to Participate in Upcoming Investor Events
• Neutral Sentiment: Lead Independent Director Mike Cannon announced he will retire at the end of his term in Oct. 2026 — a governance change to watch but not an immediate operational issue. Seagate Announces the Retirement of Michael R. Cannon, Lead Independent Director
• Negative Sentiment: Several insiders sold stock this week under pre‑arranged 10b5‑1 plans: EVP John Christopher Morris sold 5,626 shares (~$4.15M) — a sizable single‑trade disposition that can signal executive profit‑taking despite being pre‑planned. Form 4 — John Christopher Morris
• Negative Sentiment: EVP James Ci Lee sold 697 shares (~$516K), reducing his stake by ~68% — another insider sale that contributes to supply into the market. Form 4 — James Ci Lee
• Negative Sentiment: Director Stephanie Tilenius sold 1,580 shares (~$1.21M), a ~12.9% reduction in her holding — additional insider selling that could be read as portfolio rebalancing or profit‑taking. Form 4 — Stephanie Tilenius

Analyst Ratings Changes

A number of research firms have issued reports on STX. Zacks Research upgraded Seagate Technology from a "hold" rating to a "strong-buy" rating in a report on Friday, May 1st. JPMorgan Chase & Co. increased their price objective on Seagate Technology from $525.00 to $775.00 and gave the stock an "overweight" rating in a report on Wednesday, April 29th. Bank of America increased their price objective on Seagate Technology from $700.00 to $840.00 and gave the stock a "buy" rating in a report on Monday, April 27th. Sanford C. Bernstein increased their price objective on Seagate Technology from $620.00 to $1,000.00 and gave the stock an "outperform" rating in a report on Wednesday, April 29th. Finally, Wedbush increased their price objective on Seagate Technology from $700.00 to $825.00 and gave the stock an "outperform" rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Seagate Technology has an average rating of "Moderate Buy" and a consensus target price of $709.13.

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.

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