Seagate Technology (NASDAQ:STX) CFO Gianluca Romano Sells 49,984 Shares of Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CFO Gianluca Romano sold 49,984 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the completion of the sale, the chief financial officer directly owned 70,756 shares in the company, valued at $54,634,952.96. This represents a 41.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 transaction of $38,095,798.98.
• On Monday, September 14th, Gianluca Romano sold 955 shares of Seagate Technology stock. The stock was sold at an average price of $781.24, for a total transaction of $746,084.20.
• 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 shares were 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 shares were sold at an average price of $849.35, for a total transaction of $7,708,700.60.
• On Friday, August 7th, Gianluca Romano sold 7,240 shares of Seagate Technology stock. The stock was 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 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 value of $743,705.60.

Seagate Technology Price Performance

STX stock opened at $783.18 on Thursday. The company has a market cap of $178.09 billion, a PE ratio of 56.43 and a beta of 2.06. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. The stock has a 50-day moving average price of $844.88 and a two-hundred day moving average price of $735.67. Seagate Technology Holdings PLC has a 12-month low of $206.26 and a 12-month high of $1,145.00.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $3.50 billion. During the same period last year, the business posted $2.59 EPS. The company’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. As a group, research analysts predict that Seagate Technology Holdings PLC will post 35.7 EPS for the current year.

Seagate Technology Announces Dividend

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

Seagate Technology News Summary

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

• Positive Sentiment: Seagate remains positioned to benefit from AI-driven growth in data-center storage. Fidelity investment commentary describes the company as a primary beneficiary of rising hard-disk-drive demand, supported by strong nearline storage requirements and hyperscale customers. AI-driven HDD demand article
• Positive Sentiment: The company’s latest reported quarter showed revenue growth of 48.5% year over year, with earnings of $5.71 per share exceeding the $5.10 consensus estimate. Management also issued fiscal first-quarter 2027 EPS guidance of $7.10 to $7.50, reinforcing the earnings-growth narrative. Seagate earnings article
• Neutral Sentiment: Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $986. However, coverage also warns that expectations for AI-storage growth may already be reflected in STX’s elevated valuation, increasing the risk of profit-taking. Seagate valuation article
• Negative Sentiment: CEO William Mosley, CFO Gianluca Romano and EVPs John Morris and Ban Teh collectively reported substantial stock sales on September 15. Several transactions sharply reduced their holdings, although the filings state that the sales were made under pre-arranged Rule 10b5-1 plans or to cover tax withholding on vested equity awards. Seagate insider sale filing
• Negative Sentiment: STX has also been affected by a wider technology selloff after prominent AI executives called for a slower, more cautious pace of frontier-model development. That development has pressured AI-exposed storage and semiconductor stocks, even though it does not directly change Seagate’s current earnings outlook. Broader AI technology selloff article

Wall Street Analysts Forecast Growth

STX has been the subject of several recent research reports. Barclays increased their price objective on shares of Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. lifted 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. China Renaissance upped their price target on shares of Seagate Technology from $802.00 to $983.00 in a research report on Friday, June 12th. Argus increased their price target on Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Bank of America raised their price objective on Seagate Technology from $1,000.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. One equities 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $986.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in STX. NewEdge Advisors LLC raised its stake in shares of Seagate Technology by 85.9% in the 1st quarter. NewEdge Advisors LLC now owns 22,046 shares of the data storage provider’s stock worth $8,637,000 after buying an additional 10,190 shares in the last quarter. Tredje AP fonden lifted its stake in Seagate Technology by 446.6% during the fourth quarter. Tredje AP fonden now owns 111,339 shares of the data storage provider’s stock valued at $30,662,000 after buying an additional 90,968 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Seagate Technology in the 1st quarter valued at approximately $1,328,000. Financial Insights Inc. purchased a new stake in shares of Seagate Technology in the second quarter valued at $706,000. Finally, Profund Advisors LLC boosted its position in Seagate Technology by 458.6% during the 4th quarter. Profund Advisors LLC now owns 20,282 shares of the data storage provider’s stock worth $5,585,000 after acquiring an additional 16,651 shares during the period. 92.87% of the stock is owned by institutional investors and hedge funds.

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.