Seagate Technology (NASDAQ:STX) CFO Gianluca Romano Sells 45,898 Shares of Stock

Posted by Francis Steltz on Sep 15th, 2026

Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report) CFO Gianluca Romano sold 45,898 shares of the firm’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $830.01, for a total value of $38,095,798.98. Following the transaction, the chief financial officer directly owned 34,220 shares in the company, valued at $28,402,942.20. This trade represents a 57.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gianluca Romano also recently made the following trade(s):

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 stock was 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 stock was 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 shares were sold at an average price of $781.64, for a total transaction 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 Price Performance

NASDAQ STX traded down $33.74 on Tuesday, reaching $771.81. 4,043,886 shares of the stock traded hands, compared to its average volume of 4,336,638. Seagate Technology Holdings PLC has a 12 month low of $206.26 and a 12 month high of $1,145.00. The company has a market cap of $175.50 billion, a price-to-earnings ratio of 55.61 and a beta of 2.06. The firm’s fifty day simple moving average is $847.53 and its 200 day simple moving average is $730.58. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56.

Seagate Technology (NASDAQ:STX – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating the consensus estimate of $5.10 by $0.61. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The company’s revenue was up 48.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.59 earnings per share. 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 fiscal year.

Seagate Technology Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have issued reports on the company. China Renaissance upped their price target on Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Wells Fargo & Company boosted their target price on Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Mizuho lifted their price target on Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. Wall Street Zen downgraded Seagate Technology from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 6th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $1,350.00 target price on shares of Seagate Technology 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 assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $986.00.

Check Out Our Latest Report on Seagate Technology

Hedge Funds Weigh In On Seagate Technology

A number of large investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of Seagate Technology by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock valued at $1,343,683,000 after buying an additional 234,436 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Seagate Technology by 8.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock valued at $879,338,000 after purchasing an additional 243,551 shares during the last quarter. Wellington Management Group LLP grew its stake in Seagate Technology by 2,655.9% in the second quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock valued at $2,329,641,000 after purchasing an additional 2,326,538 shares in the last quarter. Norges Bank purchased a new stake in shares of Seagate Technology during the 4th quarter worth about $498,363,000. Finally, Deutsche Bank AG lifted its holdings in shares of Seagate Technology by 102.0% during the 4th quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider’s stock valued at $440,614,000 after buying an additional 807,962 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology News Roundup

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

Positive Sentiment: Fidelity’s Dividend Growth Fund identified Seagate as a primary beneficiary of AI-driven hard-disk-drive demand. The investment case centers on rising data-storage requirements, strong nearline demand and Seagate’s exposure to hyperscale customers. Seagate Technology Primary Beneficiary of AI Driven HDD Demand
Positive Sentiment: Seagate’s research found that 99% of organizations expect AI to increase storage needs, while only 38% say they are fully prepared. The findings support a long-term growth narrative for hard drives and enterprise storage infrastructure. Global Seagate Research Finds AI Will Increase Storage Requirements
Positive Sentiment: Recent coverage says Seagate is shipping next-generation HAMR drives into hyperscale contracts, while nearline capacity is reportedly committed through 2027. That execution could strengthen its position versus Western Digital in AI-related storage. Seagate Versus Western Digital on AI Storage Demand
Neutral Sentiment: Seagate’s Edge IoT revenue rose 20% year over year in fiscal fourth quarter, but analysts warn that seasonality, SSD displacement and competition could limit the business’s growth momentum. Seagate Edge IoT Business Growth
Negative Sentiment: Investors are questioning whether STX can sustain its rapid gains at a high valuation, particularly after reports that its CEO, CFO and CTO have sold shares. An executive sale totaling about $493,000 adds to governance and sentiment concerns. Seagate Insider Selling
Negative Sentiment: A broader decline in AI-linked stocks followed calls from major AI executives for a more deliberate pace of frontier-model development, raising concerns about the timing of AI infrastructure spending. Seagate was pressured alongside Western Digital and other technology names. AI-Linked Stocks Fall

About Seagate Technology

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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.