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

Key Points

• CEO William Mosley sold 20,000 shares under a pre-arranged Rule 10b5-1 plan at an average price of $420.73 (≈$8.41M), trimming his stake about 5.32% to 355,591 shares.
• Strong quarterly results and guidance: Seagate beat estimates with $3.11 EPS (vs. $2.77) and $2.83B revenue (up 21.5% year-over-year) and set Q3 2026 guidance of $3.20–$3.60 EPS, while analysts have raised price targets (average ≈ $461) and increased bullish coverage.
• Dividend and valuation note: The company declared a $0.74 quarterly dividend (annualized $2.96, yield ~0.7%, DPR ~33.5%), but the stock trades near recent highs with a PE ~48.6, prompting some commentary about valuation risk.

Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) CEO William Mosley sold 20,000 shares of the firm's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $420.73, for a total transaction of $8,414,600.00. Following the sale, the chief executive officer owned 355,591 shares of the company's stock, valued at $149,607,801.43. This trade represents a 5.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Seagate Technology Stock Performance

STX stock traded up $6.24 during mid-day trading on Thursday, hitting $429.36. The company had a trading volume of 2,362,797 shares, compared to its average volume of 4,154,778. 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 firm has a market cap of $93.63 billion, a PE ratio of 48.57, a price-to-earnings-growth ratio of 0.87 and a beta of 1.61. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $459.84. The stock's fifty day moving average price is $401.01 and its two-hundred day moving average price is $311.55.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.77 by $0.34. The firm had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The company's revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, analysts forecast 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 announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology's dividend payout ratio (DPR) is currently 33.48%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on STX shares. Evercore upped their price target on Seagate Technology from $330.00 to $450.00 and gave the company an "outperform" rating in a research report on Wednesday, January 28th. Cantor Fitzgerald boosted their price objective on Seagate Technology from $500.00 to $650.00 and gave the company an "overweight" rating in a research note on Wednesday, February 4th. JPMorgan Chase & Co. started coverage on shares of Seagate Technology in a report on Monday. They set an "overweight" rating and a $525.00 price objective on the stock. Morgan Stanley increased their target price on shares of Seagate Technology from $337.00 to $372.00 and gave the stock an "overweight" rating in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of Seagate Technology in a research note on Wednesday, February 4th. Nineteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $461.00.

Institutional Trading of Seagate Technology

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC grew its holdings in Seagate Technology by 168.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider's stock valued at $610,000 after buying an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Seagate Technology in the second quarter worth about $262,000. Advisors Asset Management Inc. boosted its position in shares of Seagate Technology by 16.6% in the second quarter. Advisors Asset Management Inc. now owns 1,068 shares of the data storage provider's stock valued at $154,000 after acquiring an additional 152 shares during the period. J.W. Cole Advisors Inc. bought a new position in shares of Seagate Technology in the second quarter valued at approximately $280,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Seagate Technology by 35.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,809 shares of the data storage provider's stock valued at $2,137,000 after acquiring an additional 3,874 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology News Summary

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

• Positive Sentiment: HAMR production and supply positioning: Research notes argue Seagate's HAMR drives have moved from roadmap to production, with Mozaic 4+ qualified for hyperscalers and nearline capacity largely allocated through 2026 — supporting margin expansion and revenue visibility. Seagate: HAMR Has Matured Into A Supply Story
• Positive Sentiment: Analyst bullishness: A Sanford C. Bernstein analyst publicly expects STX to rise, adding buy-side credibility that can drive demand and momentum. Seagate Technology NASDAQ: STX Stock Price Expected to Rise, Sanford C. Bernstein Analyst Says
• Positive Sentiment: Outperformance and momentum: Market commentary highlights recent outperformance and strong trading days, reinforcing momentum-driven flows into STX. Seagate Technology Holdings PLC stock outperforms competitors on strong trading day
• Neutral Sentiment: Industry AI storage tailwinds: Broader coverage on AI-driven SSD/NAND demand (Micron focus) signals strong data-center storage demand that benefits disk and SSD suppliers, indirectly supportive for Seagate’s TAM. Will Rising AI Storage Needs Fuel Micron's NAND Growth Through FY27?
• Neutral Sentiment: New coverage: JPMorgan initiated coverage (details in the link), which can increase visibility and trading volume but the impact depends on the assigned rating and price target. JPMorgan Chase & Co. Initiates Coverage on Seagate Technology NASDAQ: STX
• Negative Sentiment: Insider sale: CEO William Mosley sold 20,000 shares under a pre-arranged Rule 10b5-1 plan (~$420.73 avg.), trimming his stake ~5.3%. While the plan reduces red-flag risk, large insider sales can pressure sentiment. SEC Form 4 — CEO Sale
• Negative Sentiment: Analyst downgrade: Zacks cut Seagate from "strong-buy" to "hold," which could weigh on momentum and institutional demand. Zacks.com downgrade Tickerreport coverage
• Negative Sentiment: Valuation concerns: Some commentary questions whether current prices fully reflect risks and the story at this valuation, which could limit upside for value-focused 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.

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