John Christopher Morris Sells 572 Shares of Seagate Technology (NASDAQ:STX) Stock

by · The Cerbat Gem

Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report) EVP John Morris sold 572 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $862.13, for a total value of $493,138.36. Following the transaction, the executive vice president directly owned 15,707 shares in the company, valued at approximately $13,541,475.91. This represents a 3.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

John Christopher Morris also recently made the following trade(s):

  • On Friday, August 21st, John Morris sold 3,516 shares of Seagate Technology stock. The shares were sold at an average price of $849.35, for a total value of $2,986,314.60.
  • On Thursday, August 20th, John Morris sold 523 shares of Seagate Technology stock. The stock was sold at an average price of $835.54, for a total value of $436,987.42.
  • On Monday, August 3rd, John Morris sold 168 shares of Seagate Technology stock. The shares were sold at an average price of $817.76, for a total value of $137,383.68.

Seagate Technology Price Performance

Seagate Technology stock opened at $830.17 on Friday. Seagate Technology Holdings PLC has a 12 month low of $193.32 and a 12 month high of $1,145.00. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. The business has a 50 day simple moving average of $848.79 and a 200-day simple moving average of $725.45. The stock has a market capitalization of $188.77 billion, a PE ratio of 59.81 and a beta of 2.06.

Seagate Technology (NASDAQ:STX – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. Seagate Technology’s quarterly revenue was up 48.5% on a year-over-year basis. During the same period last year, the firm posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Equities analysts predict that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current year.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be issued a $0.74 dividend. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. Seagate Technology’s payout ratio is presently 21.33%.

Trending Headlines about Seagate Technology

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

  • Positive Sentiment: Analyst commentary remains constructive on Seagate’s fiscal 2027 prospects. Cloud-storage demand, growing AI workloads and the company’s HAMR technology are expected to support revenue growth exceeding fiscal 2026 levels. Can Seagate Sustain Its Strong Revenue Growth in Fiscal 2027?
  • Positive Sentiment: Seagate’s recent earnings momentum and exposure to AI infrastructure continue to underpin the bullish case; the company previously exceeded quarterly EPS and revenue expectations and issued strong fiscal 2027 guidance.
  • Neutral Sentiment: Management presented at the Goldman Sachs Communacopia + Technology Conference, giving investors additional commentary on the company’s strategy and demand outlook, but no major new financial catalyst was identified. Seagate Technology Holdings plc Presents at Goldman Sachs Communacopia + Technology Conference 2026
  • Negative Sentiment: Storage and semiconductor stocks came under selling pressure following an AI algorithmic-efficiency breakthrough, raising concerns that improved efficiency could reduce the near-term intensity of infrastructure spending. Seagate Stock Drops Friday: What’s Going On?
  • Negative Sentiment: After roughly tripling during the year, Seagate stock is experiencing profit-taking as investors lock in gains. The pullback reflects elevated expectations and high valuation sensitivity across the storage group. Storage Stocks Slide as Profit Taking Follows Big Run
  • Negative Sentiment: CEO William Mosley, CFO Gianluca Romano and executives John Morris and Ban Teh reported stock sales totaling about $4.7 million. The sales were relatively small compared with their remaining holdings, and Ban Teh’s transaction was executed under a pre-arranged Rule 10b5-1 plan, but the cluster of insider selling may add to short-term investor caution. SEC insider transaction filings

Institutional Trading of Seagate Technology

A number of institutional investors have recently added to or reduced their stakes in the stock. Retirement Wealth Solutions LLC lifted its position in shares of Seagate Technology by 70.6% in the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 12 shares in the last quarter. Bridgewater Advisors Inc. grew its position in Seagate Technology by 0.9% in the first quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider’s stock valued at $579,000 after purchasing an additional 13 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its stake in Seagate Technology by 23.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after buying an additional 15 shares during the last quarter. Blalock Williams LLC increased its stake in Seagate Technology by 2.6% in the 2nd quarter. Blalock Williams LLC now owns 636 shares of the data storage provider’s stock valued at $614,000 after buying an additional 16 shares during the last quarter. Finally, Beaumont Financial Advisors LLC lifted its position in Seagate Technology by 2.1% during the 1st quarter. Beaumont Financial Advisors LLC now owns 820 shares of the data storage provider’s stock worth $321,000 after buying an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on STX. Zacks Research raised shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Citigroup boosted their target price on Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a research note on Wednesday, June 24th. China Renaissance raised their price target on Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $1,300.00 price target on shares of Seagate Technology in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and an average price target of $986.00.

Read Our Latest Stock Report on Seagate Technology

Seagate Technology Company Profile

(Get Free Report)

Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.

The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.

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