John Christopher Morris Sells 1,364 Shares of Seagate Technology (NASDAQ:STX) Stock

Posted by Geri Gentry on Jun 17th, 2026

Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report) EVP John Christopher Morris sold 1,364 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $880.19, for a total transaction of $1,200,579.16. Following the completion of the sale, the executive vice president directly owned 12,088 shares in the company, valued at $10,639,736.72. This represents a 10.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

On Wednesday, June 10th, John Christopher Morris sold 574 shares of Seagate Technology stock. The shares were sold at an average price of $821.66, for a total transaction of $471,632.84.
On Monday, May 4th, John Christopher Morris sold 5,626 shares of Seagate Technology stock. The shares were sold at an average price of $738.37, for a total transaction of $4,154,069.62.

Seagate Technology Stock Up 1.2%

Shares of NASDAQ:STX opened at $1,031.34 on Wednesday. The stock has a market capitalization of $231.26 billion, a price-to-earnings ratio of 97.85 and a beta of 2.04. Seagate Technology Holdings PLC has a 1-year low of $130.00 and a 1-year high of $1,097.00. The company’s fifty day moving average is $733.37 and its two-hundred day moving average is $488.05. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33.

Seagate Technology (NASDAQ:STX – Get Free Report) last issued its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. The company had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The firm’s revenue was up 44.1% compared to the same quarter last year. During the same period 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. Equities analysts anticipate that Seagate Technology Holdings PLC will post 14.14 EPS for the current year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s dividend payout ratio (DPR) is 28.08%.

Hedge Funds Weigh In On Seagate Technology

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Seagate Technology by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider’s stock valued at $6,642,796,000 after purchasing an additional 442,749 shares in the last quarter. State Street Corp boosted its position in shares of Seagate Technology by 1.0% during the 4th quarter. State Street Corp now owns 9,370,805 shares of the data storage provider’s stock valued at $2,587,535,000 after purchasing an additional 94,527 shares in the last quarter. Morgan Stanley boosted its position in shares of Seagate Technology by 5.1% during the 4th quarter. Morgan Stanley now owns 5,317,516 shares of the data storage provider’s stock valued at $1,464,391,000 after purchasing an additional 258,151 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Seagate Technology by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock valued at $1,343,683,000 after purchasing an additional 234,436 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Seagate Technology by 8.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock valued at $879,338,000 after purchasing an additional 243,551 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.

Seagate Technology News Summary

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

Positive Sentiment: Morgan Stanley raised its price target on Seagate Technology (STX) to $1,035 and reiterated an Overweight rating, citing stronger HDD pricing and prolonged supply shortages. Benzinga reference
Positive Sentiment: Investor enthusiasm remains high for AI-driven storage demand, with Seagate viewed as a major beneficiary of data-center spending and tightening memory supply. Yahoo Finance reference
Positive Sentiment: Broader gains in tech and memory stocks, plus reduced geopolitical stress after the U.S.-Iran ceasefire, have improved sentiment for Seagate and its peers. Yahoo Finance reference
Neutral Sentiment: Several Seagate executives disclosed insider sales, including the CEO and CFO, but the transactions were relatively routine and some were made under Rule 10b5-1 plans.

Analysts Set New Price Targets

STX has been the topic of a number of analyst reports. Mizuho increased their price objective on shares of Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. TD Cowen increased their price objective on shares of Seagate Technology from $500.00 to $850.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Morgan Stanley increased their price objective on shares of Seagate Technology from $767.00 to $1,035.00 and gave the stock an “overweight” rating in a report on Monday. Susquehanna increased their price objective on shares of Seagate Technology from $485.00 to $615.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, UBS Group increased their price objective on shares of Seagate Technology from $515.00 to $545.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $831.79.

Check Out Our Latest Analysis on STX

Seagate Technology Company Profile

(Get Free Report)

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.