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

Representative Kevin Hern (R-Oklahoma) recently sold shares of Seagate Technology Holdings PLC (NASDAQ:STX). In a filing disclosed on November 16th, the Representative disclosed that they had sold between $15,001 and $50,000 in Seagate Technology stock on October 28th. The trade occurred in the Representative’s “KEVIN HERN TRADITIONAL IRA” account.

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

• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 10/28/2025.
• Sold $1,001 – $15,000 in shares of O’Reilly Automotive (NASDAQ:ORLY) on 10/28/2025.
• Sold $15,001 – $50,000 in shares of Boston Scientific (NYSE:BSX) on 10/28/2025.
• Sold $15,001 – $50,000 in shares of CSX (NASDAQ:CSX) on 10/28/2025.
• Sold $15,001 – $50,000 in shares of Microsoft (NASDAQ:MSFT) on 10/28/2025.
• Sold $100,001 – $250,000 in shares of Accenture (NYSE:ACN) on 10/27/2025.
• Sold $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 10/23/2025.
• Sold $100,001 – $250,000 in shares of McDonald’s (NYSE:MCD) on 10/23/2025.
• Sold $15,001 – $50,000 in shares of Eaton (NYSE:ETN) on 10/6/2025.
• Sold $15,001 – $50,000 in shares of Masimo (NASDAQ:MASI) on 9/26/2025.

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $253.86 on Wednesday. The stock has a market capitalization of $54.21 billion, a P/E ratio of 32.59, a P/E/G ratio of 1.17 and a beta of 1.63. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $297.88. The stock’s 50-day simple moving average is $236.72 and its 200 day simple moving average is $174.04.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.21. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. Seagate Technology had a net margin of 17.92% and a negative return on equity of 297.87%. The company’s revenue was up 21.3% on a year-over-year basis. During the same quarter last year, the company earned $1.58 earnings per share. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. Equities research analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 24th will be issued a $0.74 dividend. This is an increase from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a $2.96 annualized dividend and a yield of 1.2%. Seagate Technology’s payout ratio is 38.00%.

Institutional Trading of Seagate Technology

Several institutional investors and hedge funds have recently modified their holdings of the business. Harbor Asset Planning Inc. bought a new position in shares of Seagate Technology in the second quarter worth approximately $27,000. Rakuten Securities Inc. grew its stake in Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after buying an additional 168 shares in the last quarter. MTM Investment Management LLC bought a new position in shares of Seagate Technology in the 2nd quarter worth $29,000. First Horizon Corp purchased a new stake in shares of Seagate Technology during the 3rd quarter valued at $33,000. Finally, Raiffeisen Bank International AG bought a new stake in shares of Seagate Technology during the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Buying and Selling

In other news, EVP Kian Fatt Chong sold 7,078 shares of the stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $272.14, for a total transaction of $1,926,206.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ban Seng Teh sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $270.00, for a total value of $1,620,000.00. Following the completion of the sale, the executive vice president owned 12,041 shares of the company’s stock, valued at $3,251,070. The trade was a 33.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 131,261 shares of company stock valued at $34,210,708 in the last three months. 0.79% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on STX. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a report on Thursday, November 13th. UBS Group decreased their price objective on Seagate Technology from $235.00 to $230.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Rosenblatt Securities increased their price objective on Seagate Technology from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Morgan Stanley lifted their target price on Seagate Technology from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Finally, Fox Advisors upped their price target on Seagate Technology from $245.00 to $270.00 in a research report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $281.36.

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.

Seagate Technology Company Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.