Seagate Technology (NASDAQ:STX) Stock Sale Disclosed by Rep. Lisa C. McClain

Representative Lisa C. McClain (Republican-Michigan) recently sold shares of Seagate Technology Holdings PLC (NASDAQ:STX). In a filing disclosed on October 12th, the Representative disclosed that they had sold between $15,001 and $50,000 in Seagate Technology stock on September 30th. The trade occurred in the Representative’s “CHARLES SCHWAB 401K (HANTZ) > SCHWAB 824” account.

Representative Lisa C. McClain also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 9/30/2026.
• Purchased $1,001 – $15,000 in shares of ImmunityBio (NASDAQ:IBRX) on 9/30/2026.
• Purchased $1,001 – $15,000 in shares of Caterpillar (NYSE:CAT) on 9/28/2026.
• Purchased $1,001 – $15,000 in shares of ImmunityBio (NASDAQ:IBRX) on 9/28/2026.
• Purchased $15,001 – $50,000 in shares of Olin (NYSE:OLN) on 9/14/2026.
• Purchased $1,001 – $15,000 in shares of Novagold Resources (NYSEAMERICAN:NG) on 9/14/2026.
• Purchased $15,001 – $50,000 in shares of Transocean (NYSE:RIG) on 9/14/2026.
• Purchased $15,001 – $50,000 in shares of CACI International (NYSE:CACI) on 9/14/2026.

Seagate Technology Price Performance

Shares of Seagate Technology stock opened at $747.20 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. Seagate Technology Holdings PLC has a twelve month low of $209.00 and a twelve month high of $1,145.00. The stock has a market capitalization of $169.91 billion, a price-to-earnings ratio of 53.83 and a beta of 2.06. The company has a 50-day simple moving average of $851.58 and a two-hundred day simple moving average of $798.06.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, topping analysts’ consensus estimates of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the previous year, the firm earned $2.59 EPS. Seagate Technology’s revenue was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Analysts forecast that Seagate Technology Holdings PLC will post 35.70 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th were given a dividend of $0.74 per share. The ex-dividend date was Thursday, September 24th. This represents a $2.96 annualized dividend and a yield of 0.4%. Seagate Technology’s dividend payout ratio (DPR) is presently 21.33%.

Insider Activity

In related news, CFO Gianluca Romano sold 49,984 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $772.16, for a total value of $38,595,645.44. Following the completion of the sale, the chief financial officer directly owned 70,756 shares of the company’s stock, valued at $54,634,952.96. This represents a 41.40% decrease in their position. The sale was disclosed in a document filed 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 Mosley sold 11,002 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $935.60, for a total value of $10,293,471.20. Following the completion of the sale, the chief executive officer directly owned 362,108 shares of the company’s stock, valued at $338,788,244.80. The trade was a 2.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 466,959 shares of company stock valued at $378,840,741 over the last quarter. Company insiders own 0.51% of the company’s stock.

Institutional Trading of Seagate Technology

Several institutional investors have recently added to or reduced their stakes in STX. Retirement Wealth Solutions LLC raised its position in Seagate Technology by 70.6% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after buying an additional 12 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Seagate Technology during the 2nd quarter worth $39,000. Trust Co. of Vermont purchased a new position in shares of Seagate Technology during the 2nd quarter worth $54,000. Triumph Capital Management lifted its stake in Seagate Technology by 93.5% during the second quarter. Triumph Capital Management now owns 60 shares of the data storage provider’s stock worth $58,000 after purchasing an additional 29 shares in the last quarter. Finally, Washington Trust Advisors Inc. grew its stake in Seagate Technology by 712.5% during the 2nd quarter. Washington Trust Advisors Inc. now owns 65 shares of the data storage provider’s stock worth $62,000 after purchasing an additional 57 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Key Seagate Technology News

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

• Positive Sentiment: AI-driven storage demand supports the long-term outlook. Seagate is viewed as a beneficiary of growing data-center capacity requirements. Its HAMR technology enables higher-capacity drives, including 44TB products today and a roadmap toward 100TB drives by 2032, potentially lowering customers’ unit and operating costs. Seagate’s Improving Earnings Support A Cautious Upside
• Positive Sentiment: Recent financial performance remains strong. Fiscal 2026 sales rose 34% to $12.2 billion, adjusted operating margin reached 36.5%, and free cash flow increased 3.8 times from the prior year. The latest reported quarter also exceeded expectations for revenue and adjusted earnings, while management issued fiscal Q1 2027 EPS guidance of $7.10–$7.50.
• Neutral Sentiment: The next major catalyst is the fiscal first-quarter earnings report. Seagate plans to release results after the U.S. market close on October 27, 2026, followed by an investor conference call. The report should provide updated information on cloud demand, pricing, HAMR adoption, and the effect of industry-wide volatility. Seagate Technology to Report Fiscal First Quarter 2027 Financial Results
• Neutral Sentiment: Analyst sentiment is mixed but still constructive. Commentary highlights improving earnings and potential upside, while other coverage emphasizes that STX has experienced unusually rapid gains, high volatility, and a substantial gap between its share price and average analyst price targets. Rapid Growth, High Volatility, and Near 50% Upside Confound Seagate Technology Investors
• Negative Sentiment: China-related technology concerns caused broad sector selling. Reports of CXMT design progress led investors to reassess expectations for tight memory and chip supplies, pressuring Seagate alongside Western Digital, SanDisk, SK Hynix, and other storage and memory stocks. The selling reflects spillover risk and reduced confidence in favorable pricing, even though Seagate does not produce the DRAM chips at the center of the news. Seagate and Western Digital Shares Plummet

Wall Street Analysts Forecast Growth

STX has been the subject of a number of recent analyst reports. Weiss Ratings downgraded Seagate Technology from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 2nd. Bank of America increased their price objective on shares of Seagate Technology from $1,000.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Morgan Stanley lifted their price objective on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Fox Advisors lowered Seagate Technology from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Twenty-two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Seagate Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $986.00.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.

Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

Seagate Technology Company Profile

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.