Rep. Kevin Hern Sells Shares of Seagate Technology Holdings PLC (NASDAQ:STX)

Posted by Mark Dietrich on Sep 29th, 2026

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Seagate Technology Holdings PLC (NASDAQ:STX). In a filing disclosed on September 25th, the Representative disclosed that they had sold between $1,001 and $15,000 in Seagate Technology stock on September 15th. The trade occurred in the Representative’s “KEVIN HERN TRADITIONAL IRA” account.

Representative Kevin Hern also recently made the following trade(s):

Sold $15,001 – $50,000 in shares of CenterPoint Energy (NYSE:CNP) on 9/15/2026.
Sold $1,001 – $15,000 in shares of TJX Companies (NYSE:TJX) on 9/15/2026.
Sold $15,001 – $50,000 in shares of STERIS (NYSE:STE) on 9/15/2026.
Sold $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 9/14/2026.
Sold $1,001 – $15,000 in shares of Marsh & McLennan Companies (NYSE:MRSH) on 9/14/2026.
Sold $15,001 – $50,000 in shares of IQVIA (NYSE:IQV) on 9/14/2026.
Sold $15,001 – $50,000 in shares of Home Depot (NYSE:HD) on 9/14/2026.
Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 9/14/2026.
Sold $15,001 – $50,000 in shares of Emerson Electric (NYSE:EMR) on 9/14/2026.
Sold $15,001 – $50,000 in shares of Devon Energy (NYSE:DVN) on 9/14/2026.

Seagate Technology Stock Performance

Shares of STX opened at $921.51 on Tuesday. The firm’s 50 day moving average is $853.36 and its 200-day moving average is $764.74. The stock has a market capitalization of $209.54 billion, a P/E ratio of 66.39 and a beta of 2.06. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. Seagate Technology Holdings PLC has a 12-month low of $209.00 and a 12-month high of $1,145.00.

Seagate Technology (NASDAQ:STX – Get Free Report) last released its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating the consensus estimate of $5.10 by $0.61. The business had revenue of $3.63 billion during 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%. The business’s quarterly revenue was up 48.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Equities research analysts anticipate that Seagate Technology Holdings PLC will post 35.7 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be given a dividend of $0.74 per share. The ex-dividend date is Thursday, September 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. Seagate Technology’s dividend payout ratio (DPR) is 21.33%.

Insider Activity at Seagate Technology

In other Seagate Technology news, CFO Gianluca Romano sold 49,984 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $772.16, for a total value of $38,595,645.44. Following the transaction, the chief financial officer owned 70,756 shares in the company, valued at approximately $54,634,952.96. This represents a 41.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO William D. Mosley sold 97,889 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $772.14, for a total transaction of $75,584,012.46. Following the completion of the sale, the chief executive officer owned 378,108 shares of the company’s stock, valued at approximately $291,952,311.12. The trade was a 20.57% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 466,959 shares of company stock valued at $378,615,011. Company insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. QRG Capital Management Inc. lifted its stake in Seagate Technology by 15.5% in the 2nd quarter. QRG Capital Management Inc. now owns 21,081 shares of the data storage provider’s stock worth $20,343,000 after acquiring an additional 2,826 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Seagate Technology by 163.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,940 shares of the data storage provider’s stock valued at $3,802,000 after purchasing an additional 2,444 shares during the period. Silicon Valley Capital Partners lifted its position in shares of Seagate Technology by 1,988.5% in the second quarter. Silicon Valley Capital Partners now owns 543 shares of the data storage provider’s stock worth $524,000 after purchasing an additional 517 shares in the last quarter. Altar Rock LLC purchased a new stake in shares of Seagate Technology in the second quarter worth approximately $260,000. Finally, Wellington Altus USA Inc. boosted its holdings in shares of Seagate Technology by 137.3% during the second quarter. Wellington Altus USA Inc. now owns 140 shares of the data storage provider’s stock worth $135,000 after purchasing an additional 81 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on STX. Citigroup raised their price objective on Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. China Renaissance upped their target price on Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a research report on Monday, September 21st. Susquehanna lifted their price target on Seagate Technology from $775.00 to $875.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Finally, Morgan Stanley boosted their price objective on Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $986.00.

Read Our Latest Stock Analysis on STX

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma’s 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027.

Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma’s 1st Congressional District. He declared candidacy for the 2026 election.

Kevin Hern went into business as a McDonald’s franchisee in 1999. He acquired 10 McDonald’s franchises by 2012. He served on the McDonald’s National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

About Seagate Technology

(Get Free Report)

Seagate Technology Holdings plc is a data storage technology company that designs, manufactures and supplies solutions for storing, managing and accessing digital information. Its product portfolio is centered on hard disk drives (HDDs), including high-capacity drives used in cloud data centers, enterprise environments, surveillance systems, network-attached storage and personal computing.

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