Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report) CFO Gianluca Romano sold 1,348 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $862.13, for a total transaction of $1,162,151.24. Following the transaction, the chief financial officer owned 28,930 shares of the company’s stock, valued at approximately $24,941,420.90. The trade was a 4.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Gianluca Romano also recently made the following trade(s):
- 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 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 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 stock was sold at an average price of $845.12, for a total value of $743,705.60.
Seagate Technology Trading Down 3.7%
STX opened at $830.17 on Friday. Seagate Technology Holdings PLC has a one year low of $193.32 and a one year high of $1,145.00. The company has a market cap of $188.77 billion, a P/E ratio of 59.81 and a beta of 2.06. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. The business’s 50-day simple moving average is $848.79 and its 200-day simple moving average is $725.45.
Seagate Technology Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be issued a dividend of $0.74 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. Seagate Technology’s dividend payout ratio (DPR) is presently 21.33%.
Seagate Technology News Summary
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Analyst commentary remains constructive on Seagate’s fiscal 2027 prospects. Cloud-storage demand, growing AI workloads and the company’s HAMR technology are expected to support revenue growth exceeding fiscal 2026 levels. Can Seagate Sustain Its Strong Revenue Growth in Fiscal 2027?
- Positive Sentiment: Seagate’s recent earnings momentum and exposure to AI infrastructure continue to underpin the bullish case; the company previously exceeded quarterly EPS and revenue expectations and issued strong fiscal 2027 guidance.
- Neutral Sentiment: Management presented at the Goldman Sachs Communacopia + Technology Conference, giving investors additional commentary on the company’s strategy and demand outlook, but no major new financial catalyst was identified. Seagate Technology Holdings plc Presents at Goldman Sachs Communacopia + Technology Conference 2026
- Negative Sentiment: Storage and semiconductor stocks came under selling pressure following an AI algorithmic-efficiency breakthrough, raising concerns that improved efficiency could reduce the near-term intensity of infrastructure spending. Seagate Stock Drops Friday: What’s Going On?
- Negative Sentiment: After roughly tripling during the year, Seagate stock is experiencing profit-taking as investors lock in gains. The pullback reflects elevated expectations and high valuation sensitivity across the storage group. Storage Stocks Slide as Profit Taking Follows Big Run
- Negative Sentiment: CEO William Mosley, CFO Gianluca Romano and executives John Morris and Ban Teh reported stock sales totaling about $4.7 million. The sales were relatively small compared with their remaining holdings, and Ban Teh’s transaction was executed under a pre-arranged Rule 10b5-1 plan, but the cluster of insider selling may add to short-term investor caution. SEC insider transaction filings
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on STX shares. Citigroup increased their target price on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Bank of America boosted their price target on shares of 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. Rosenblatt Securities upped their price objective on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Argus raised their price objective on Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Susquehanna lifted their target price on Seagate Technology from $775.00 to $875.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $986.00.
Check Out Our Latest Stock Analysis on STX
Hedge Funds Weigh In On Seagate Technology
A number of hedge funds have recently modified their holdings of STX. Integrated Wealth Concepts LLC raised its position in Seagate Technology by 168.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after purchasing an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Seagate Technology during the 2nd quarter worth $262,000. Cerity Partners LLC grew its position in Seagate Technology by 25.8% during the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock worth $5,294,000 after purchasing an additional 7,517 shares during the last quarter. Sei Investments Co. grew its position in Seagate Technology by 64.8% during the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock worth $1,233,000 after purchasing an additional 3,358 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Seagate Technology by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock valued at $18,458,000 after purchasing an additional 462 shares during the period. 92.87% of the stock is currently owned by hedge funds and other institutional investors.
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.
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