Seagate Technology (NASDAQ:STX) CFO Sells $746,084.20 in Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CFO Gianluca Romano sold 955 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $781.24, for a total value of $746,084.20. Following the completion of the transaction, the chief financial officer directly owned 30,360 shares in the company, valued at $23,718,446.40. The trade was a 3.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Gianluca Romano also recently made the following trade(s):

• On Tuesday, September 15th, Gianluca Romano sold 49,984 shares of Seagate Technology stock. The stock was sold at an average price of $772.16, for a total transaction of $38,595,645.44.
• On Friday, September 11th, Gianluca Romano sold 45,898 shares of Seagate Technology stock. The shares were sold at an average price of $830.01, for a total value of $38,095,798.98.
• On Friday, September 11th, Gianluca Romano sold 4,600 shares of Seagate Technology stock. The shares were sold at an average price of $854.55, for a total transaction of $3,930,930.00.
• On Thursday, September 10th, Gianluca Romano sold 1,348 shares of Seagate Technology stock. The stock was sold at an average price of $862.13, for a total transaction of $1,162,151.24.
• On Friday, August 21st, Gianluca Romano sold 9,076 shares of Seagate Technology stock. The stock was sold at an average price of $849.35, for a total value of $7,708,700.60.
• On Friday, August 7th, Gianluca Romano sold 7,240 shares of Seagate Technology stock. The shares were sold at an average price of $781.64, for a total transaction of $5,659,073.60.
• On Friday, August 7th, Gianluca Romano sold 14,091 shares of Seagate Technology stock. The stock was sold at an average price of $811.25, for a total value of $11,431,323.75.
• On Friday, August 7th, Gianluca Romano sold 880 shares of Seagate Technology stock. The shares were sold at an average price of $845.12, for a total transaction of $743,705.60.

Seagate Technology Trading Up 2.5%

NASDAQ STX opened at $803.13 on Friday. The stock has a market capitalization of $182.62 billion, a P/E ratio of 57.86 and a beta of 2.06. Seagate Technology Holdings PLC has a one year low of $209.00 and a one year 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 $843.14 and a 200 day simple moving average of $738.45.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the previous year, the company earned $2.59 EPS. Seagate Technology’s quarterly revenue was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Research analysts expect that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current year.

Seagate Technology Dividend Announcement

The business 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 0.4%. Seagate Technology’s dividend payout ratio (DPR) is 21.33%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on STX. Zacks Research upgraded Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Susquehanna boosted their target price on Seagate Technology from $775.00 to $875.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Wall Street Zen lowered Seagate Technology from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 6th. Mizuho increased their price target on shares of Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $986.00.

Key Seagate Technology News

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

• Positive Sentiment: Seagate’s gross margin reached 52.7% in the latest quarter, supported by repeated pricing increases that management believes can be sustained. Durable pricing power could support earnings and cash flow as demand for mass-capacity storage expands. Seagate gross margin article
• Positive Sentiment: STX has substantially outperformed other AI-infrastructure stocks over the past year. Analysts remain optimistic, reflecting expectations for continued data-center demand, hyperscale customers and AI-driven HDD requirements. Seagate performance versus AI infrastructure stocks
• Positive Sentiment: The company’s latest quarterly results showed revenue growth of 48.5% year over year, adjusted earnings above consensus and fiscal first-quarter 2027 EPS guidance of $7.10 to $7.50. Those results reinforce the bullish earnings narrative behind the stock.
• Neutral Sentiment: Seagate completed the retirement and exchange of approximately $150.7 million of 2028 exchangeable notes using about $151.0 million in cash and 1.65 million shares. The transaction reduces upcoming debt but creates some share dilution. Seagate 2028 notes retirement article
• Negative Sentiment: CEO William Mosley, CFO Gianluca Romano and EVPs John Morris and Ban Teh reported sizable stock sales totaling roughly $168 million. The filings cite tax withholding or pre-arranged Rule 10b5-1 plans, which reduces the bearish signal, but the concentrated selling has nevertheless increased short-term investor caution. Seagate insider selling report
• Negative Sentiment: After its sharp rally, STX trades at a high earnings multiple and below its 50-day moving average, leaving the stock vulnerable to profit-taking if AI-storage growth or pricing momentum slows. Its high beta also amplifies broader technology-sector volatility.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Retirement Wealth Solutions LLC increased its stake 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 acquiring an additional 12 shares during the period. Bridgewater Advisors Inc. boosted its holdings 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 during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its position in Seagate Technology by 23.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 15 shares during the period. Blalock Williams LLC grew its position in Seagate Technology by 2.6% during the 2nd quarter. Blalock Williams LLC now owns 636 shares of the data storage provider’s stock worth $614,000 after purchasing an additional 16 shares during the period. Finally, Beaumont Financial Advisors LLC raised its stake in shares of Seagate Technology by 2.1% during the 1st quarter. Beaumont Financial Advisors LLC now owns 820 shares of the data storage provider’s stock valued at $321,000 after buying an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

About Seagate Technology

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.