Seagate Technology (NASDAQ:STX) Stock Acquired Rep. Lisa C. McClain

Representative Lisa C. McClain (R-Michigan) recently bought shares of Seagate Technology Holdings PLC (NASDAQ:STX). In a filing disclosed on October 22nd, the Representative disclosed that they had bought between $15,001 and $50,000 in Seagate Technology stock on September 8th. The trade occurred in the Representative’s “CHARLES SCHWAB 401K > SCHWAB 824” account.

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

• Purchased $1,001 – $15,000 in shares of FMC (NYSE:FMC) on 9/25/2025.
• Sold $1,001 – $15,000 in shares of Merit Medical Systems (NASDAQ:MMSI) on 9/25/2025.
• Purchased $1,001 – $15,000 in shares of Darden Restaurants (NYSE:DRI) on 9/25/2025.
• Purchased $1,001 – $15,000 in shares of ASML (NASDAQ:ASML) on 9/25/2025.
• Purchased $1,001 – $15,000 in shares of Kenvue (NYSE:KVUE) on 9/25/2025.
• Sold $1,001 – $15,000 in shares of Beacon Financial (NYSE:BBT) on 9/25/2025.
• Sold $1,001 – $15,000 in shares of British American Tobacco (NYSE:BTI) on 9/25/2025.
• Purchased $1,001 – $15,000 in shares of Rollins (NYSE:ROL) on 9/25/2025.
• Purchased $1,001 – $15,000 in shares of SAP (NYSE:SAP) on 9/25/2025.
• Purchased $1,001 – $15,000 in shares of MGP Ingredients (NASDAQ:MGPI) on 9/25/2025.

Seagate Technology Trading Up 3.4%

Shares of STX opened at $234.12 on Friday. The firm’s 50-day moving average is $204.69 and its two-hundred day moving average is $150.17. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $264.83. The firm has a market capitalization of $49.86 billion, a P/E ratio of 34.58, a PEG ratio of 1.00 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.14. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the business posted $1.05 earnings per share. The firm’s revenue for the quarter was up 29.5% compared to the same quarter last year. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. Analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, September 30th. Seagate Technology’s dividend payout ratio is presently 42.54%.

Insiders Place Their Bets

In related news, insider James Ci Lee sold 3,509 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $154.74, for a total transaction of $542,982.66. Following the transaction, the insider directly owned 1,288 shares of the company’s stock, valued at approximately $199,305.12. The trade was a 73.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ban Seng Teh sold 5,905 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $155.00, for a total transaction of $915,275.00. Following the transaction, the executive vice president directly owned 6,147 shares in the company, valued at $952,785. The trade was a 49.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,620 shares of company stock valued at $14,464,056 over the last 90 days. 0.79% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

STX has been the topic of several research reports. Bank of America increased their price target on shares of Seagate Technology from $215.00 to $255.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Citigroup raised their target price on shares of Seagate Technology from $215.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Cantor Fitzgerald raised their price target on shares of Seagate Technology from $175.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Susquehanna raised their price target on shares of Seagate Technology from $68.00 to $80.00 and gave the company a “negative” rating in a report on Wednesday, July 30th. Finally, Loop Capital raised their price objective on shares of Seagate Technology from $200.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. One analyst has 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, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average price target of $234.65.

Institutional Trading of Seagate Technology

Several hedge funds have recently bought and sold shares of the company. Harbor Asset Planning Inc. bought a new stake in shares of Seagate Technology during the 2nd quarter worth about $27,000. Rakuten Securities Inc. grew its stake in shares of 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 purchasing an additional 168 shares during the last quarter. MTM Investment Management LLC acquired a new position in shares of Seagate Technology in the 2nd quarter worth approximately $29,000. True Wealth Design LLC increased its position in shares of Seagate Technology by 665.7% in the third quarter. True Wealth Design LLC now owns 268 shares of the data storage provider’s stock worth $63,000 after acquiring an additional 233 shares in the last quarter. Finally, GoalVest Advisory LLC increased its position in shares of Seagate Technology by 30.6% in the second quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock worth $46,000 after acquiring an additional 75 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

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 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.