Seagate Technology (NASDAQ:STX) Stock Sale Disclosed by Rep. Kevin Hern

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Seagate Technology Holdings PLC (NASDAQ:STX). In a filing disclosed on October 28th, the Representative disclosed that they had sold between $15,001 and $50,000 in Seagate Technology stock on October 23rd. The trade occurred in the Representative’s “KEVIN HERN TRADITIONAL IRA” account.

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

• Sold $15,001 – $50,000 in shares of ASML (NASDAQ:ASML) on 10/23/2026.
• Sold $15,001 – $50,000 in shares of Texas Instruments (NASDAQ:TXN) on 10/14/2026.
• Sold $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 10/2/2026.
• Sold $15,001 – $50,000 in shares of Lockheed Martin (NYSE:LMT) on 9/23/2026.
• Sold $50,001 – $100,000 in shares of Devon Energy (NYSE:DVN) on 9/23/2026.
• Sold $15,001 – $50,000 in shares of Devon Energy (NYSE:DVN) on 9/23/2026.
• Sold $15,001 – $50,000 in shares of Starbucks (NASDAQ:SBUX) on 9/23/2026.
• Sold $50,001 – $100,000 in shares of Marsh & McLennan Companies (NYSE:MRSH) on 9/23/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 9/23/2026.
• Sold $15,001 – $50,000 in shares of UnitedHealth Group (NYSE:UNH) on 9/23/2026.

Seagate Technology Trading Down 8.0%

Shares of NASDAQ STX opened at $644.58 on Friday. The business has a 50 day simple moving average of $799.09 and a 200 day simple moving average of $688.41. Seagate Technology Holdings PLC has a 52 week low of $228.61 and a 52 week high of $1,145.00. The stock has a market cap of $146.57 billion, a price-to-earnings ratio of 35.67 and a beta of 2.06. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.17 and a current ratio of 1.82.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, October 27th. The data storage provider reported $7.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.44 by $0.24. Seagate Technology had a net margin of 31.86% and a return on equity of 252.47%. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the business earned $2.61 EPS. Seagate Technology’s quarterly revenue was up 61.0% compared to the same quarter last year. On average, research analysts predict that Seagate Technology Holdings PLC will post 36.37 earnings per share for the current fiscal year.

Seagate Technology Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Wednesday, December 23rd will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, December 23rd. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.74. Seagate Technology’s dividend payout ratio (DPR) is presently 15.55%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in STX. Wellington Management Group LLP lifted its holdings in Seagate Technology by 2,655.9% during the 2nd quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock worth $2,329,641,000 after buying an additional 2,326,538 shares in the last quarter. National Pension Service increased its stake in shares of Seagate Technology by 0.8% in the 2nd 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 period. Janus Henderson Group PLC increased its stake in shares of Seagate Technology by 3,872.1% in the 1st quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock valued at $378,985,000 after buying an additional 943,170 shares during the period. Amundi increased its stake in shares of Seagate Technology by 32.2% in the 1st quarter. Amundi now owns 965,565 shares of the data storage provider’s stock valued at $378,267,000 after buying an additional 235,359 shares during the period. Finally, Swedbank AB increased its stake in shares of Seagate Technology by 67.6% in the 1st quarter. Swedbank AB now owns 709,160 shares of the data storage provider’s stock valued at $277,821,000 after buying an additional 285,949 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Activity at Seagate Technology

In other Seagate Technology news, CEO William Mosley sold 11,002 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $935.60, for a total transaction of $10,293,471.20. Following the transaction, the chief executive officer directly owned 362,108 shares in the company, valued at approximately $338,788,244.80. This represents a 2.95% 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. Also, EVP James Lee sold 547 shares of the firm’s stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $642.14, for a total transaction of $351,250.58. Following the completion of the transaction, the executive vice president directly owned 1,037 shares in the company, valued at $665,899.18. This trade represents a 34.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 466,812 shares of company stock valued at $378,583,042 over the last quarter. 0.51% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

STX has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Seagate Technology from $865.00 to $820.00 and set an “overweight” rating on the stock in a research report on Wednesday. Cantor Fitzgerald decreased their price objective on shares of Seagate Technology from $1,300.00 to $1,000.00 and set an “overweight” rating for the company in a report on Monday, October 26th. TD Cowen dropped their target price on shares of Seagate Technology from $1,000.00 to $900.00 and set a “buy” rating on the stock in a report on Wednesday. Citigroup dropped their target price on shares of Seagate Technology from $1,300.00 to $1,050.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Summit Insights lowered shares of Seagate Technology from a “buy” rating to a “hold” rating in a research report on Wednesday. Twenty-two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,000.88.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Seagate reported fiscal Q1 2027 revenue of approximately $4.23 billion, up 61% year over year, and non-GAAP EPS of $7.68, exceeding the $7.44 consensus estimate. Record free cash flow of roughly $1.5 billion, stronger pricing and robust mass-capacity demand support the company’s AI and cloud-storage growth outlook. Seagate Q1 Earnings Ride Record Cash Flow and AI Demand
• Positive Sentiment: Analysts continue to highlight Seagate’s exposure to expanding data-center capacity needs. Some commentary favors STX over Western Digital because of its higher return on equity, lower forward valuation and record cash generation. Western Digital vs. Seagate
• Positive Sentiment: Seagate announced a dividend increase, adding to its appeal for income-oriented investors during market volatility and ongoing inflation and interest-rate uncertainty. Stocks That Declared Dividend Hikes
• Positive Sentiment: Wedbush maintained an “Outperform” rating, while Morgan Stanley reportedly reduced its target but still sees substantial potential upside, indicating that some analysts view the pullback as an opportunity. Wedbush Outperform Rating
• Neutral Sentiment: The earnings response has been muted because elevated expectations appear to have been largely priced into STX after its substantial prior run. Investors are weighing excellent results against valuation, future growth assumptions and the sustainability of AI-driven demand. Post-Earnings Pullback
• Negative Sentiment: Seagate is declining alongside Sandisk, Western Digital and Micron in a broader semiconductor and memory-stock selloff, suggesting sector-wide profit-taking is outweighing the company’s earnings beat. Storage and Memory Stocks Sell Off
• Negative Sentiment: TD Cowen, Morgan Stanley, Citigroup, Susquehanna and Wells Fargo lowered their price targets or forecasts. Summit Insights also downgraded the stock, creating near-term pressure even though several firms remain constructive. TD Cowen Cuts Seagate Price Target

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 (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.