Seagate Technology (NASDAQ:STX) CFO Gianluca Romano Sells 955 Shares

Seagate Technology Holdings PLC (NASDAQ:STX) CFO Gianluca Romano sold 955 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $781.24, for a total transaction of $746,084.20. Following the transaction, the chief financial officer owned 30,360 shares in the company, valued at approximately $23,718,446.40. The trade was a 3.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 Friday, September 11th, Gianluca Romano sold 45,898 shares of Seagate Technology stock. The stock was 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 value 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 value 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 value of $5,659,073.60.
• On Friday, August 7th, Gianluca Romano sold 14,091 shares of Seagate Technology stock. The shares were 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 value of $743,705.60.

Seagate Technology Stock Down 4.2%

Shares of STX stock opened at $771.81 on Wednesday. Seagate Technology Holdings PLC has a one year low of $206.26 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 stock has a fifty day moving average price of $846.41 and a 200 day moving average price of $733.04. The stock has a market cap of $175.50 billion, a P/E ratio of 55.61 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the firm posted $2.59 EPS. The business’s revenue for the quarter 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 predict that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current year.

Seagate Technology Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on STX. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $1,300.00 price objective on shares of Seagate Technology in a report on Wednesday, July 29th. TD Cowen increased their target price on Seagate Technology from $850.00 to $1,000.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Wedbush raised their target price on Seagate Technology from $825.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Argus boosted their price target on Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Wells Fargo & Company upped their price target on Seagate Technology from $1,100.00 to $1,180.00 and gave the company an “overweight” rating in a research 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 issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $986.00.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Seagate is positioned as a major beneficiary of AI-driven hard-disk-drive demand. Fidelity’s investment commentary highlights the company’s exposure to expanding data-storage requirements, while Seagate’s recent results showed 48.5% year-over-year revenue growth and earnings above expectations. Seagate Technology as an AI storage beneficiary
• Positive Sentiment: A Seagate-sponsored global study found that 99% of organizations expect AI to increase storage needs, although only 38% say they are fully prepared. The findings support a long-term demand case for Seagate’s storage products. Seagate AI storage demand research
• Neutral Sentiment: Analysts and industry coverage point to strong nearline demand, hyperscale contracts and next-generation HAMR drive shipments. However, investors are questioning whether much of the AI-storage opportunity is already reflected in STX’s valuation. Seagate versus Western Digital AI storage demand
• Negative Sentiment: Several executives reported sizable stock sales. CFO Gianluca Romano’s transactions reduced his holdings substantially, while CEO William Mosley and other executives also sold shares. The filings state that many sales were made under Rule 10b5-1 plans or to cover tax obligations, reducing their signaling value but still adding short-term investor concern. Seagate executive stock sale filing
• Negative Sentiment: STX has also been caught in a broader technology selloff after prominent AI executives called for a more deliberate pace of frontier-model development. The move has pressured AI-exposed storage and semiconductor names despite Seagate’s favorable demand outlook. Technology stock selloff

Hedge Funds Weigh In On Seagate Technology

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP boosted its stake in Seagate Technology by 2,655.9% in the second quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock worth $2,329,641,000 after purchasing an additional 2,326,538 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Seagate Technology by 5.0% in the fourth 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 buying an additional 234,436 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Seagate Technology by 8.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock valued at $879,338,000 after buying an additional 243,551 shares during the last quarter. National Pension Service raised its holdings in shares of Seagate Technology by 0.8% in the second quarter. National Pension Service now owns 834,705 shares of the data storage provider’s stock valued at $805,490,000 after buying an additional 6,944 shares during the last quarter. Finally, Norges Bank acquired a new position in Seagate Technology during the 4th quarter worth about $498,363,000. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Company Profile

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.