Representative Lisa C. McClain (Republican-Michigan) recently sold shares of Seagate Technology Holdings PLC (NASDAQ:STX). In a filing disclosed on October 12th, the Representative disclosed that they had sold between $15,001 and $50,000 in Seagate Technology stock on September 30th. The trade occurred in the Representative’s “CHARLES SCHWAB 401K (HANTZ) > SCHWAB 824” account.
Representative Lisa C. McClain also recently made the following trade(s):
- Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 9/30/2026.
- Purchased $1,001 – $15,000 in shares of ImmunityBio (NASDAQ:IBRX) on 9/30/2026.
- Purchased $1,001 – $15,000 in shares of Caterpillar (NYSE:CAT) on 9/28/2026.
- Purchased $1,001 – $15,000 in shares of ImmunityBio (NASDAQ:IBRX) on 9/28/2026.
- Purchased $15,001 – $50,000 in shares of Olin (NYSE:OLN) on 9/14/2026.
- Purchased $1,001 – $15,000 in shares of Novagold Resources (NYSEAMERICAN:NG) on 9/14/2026.
- Purchased $15,001 – $50,000 in shares of Transocean (NYSE:RIG) on 9/14/2026.
- Purchased $15,001 – $50,000 in shares of CACI International (NYSE:CACI) on 9/14/2026.
Seagate Technology Stock Performance
STX stock opened at $713.54 on Thursday. Seagate Technology Holdings PLC has a twelve month low of $209.00 and a twelve month high of $1,145.00. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The company has a market cap of $162.25 billion, a P/E ratio of 50.45 and a beta of 2.06. The business’s fifty day moving average is $849.09 and its 200-day moving average is $800.42.
Seagate Technology Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th were paid a $0.74 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. Seagate Technology’s dividend payout ratio is 21.33%.
Insider Activity at Seagate Technology
In other Seagate Technology news, CFO Gianluca Romano sold 49,984 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the completion of the sale, the chief financial officer directly owned 70,756 shares in the company, valued at $54,634,952.96. This trade represents a 41.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO William Mosley sold 97,889 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $772.14, for a total value of $75,584,012.46. Following the transaction, the chief executive officer owned 378,108 shares in the company, valued at approximately $291,952,311.12. This trade represents a 20.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 466,959 shares of company stock valued at $378,840,741 in the last ninety days. Company insiders own 0.51% of the company’s stock.
Trending Headlines about Seagate Technology
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Strong earnings and cash flow support the bull case. Seagate’s fiscal 2026 sales rose 34% to $12.2 billion, adjusted operating margins reached 36.5%, and free cash flow increased sharply. Its latest quarterly results also exceeded analyst expectations for revenue and earnings. Seagate’s Improving Earnings Support a Cautious Upside
- Positive Sentiment: AI-related data-center demand remains a potential catalyst. Seagate’s mass-capacity hard drives are positioned to benefit from the growth of AI-generated data. Its HAMR technology supports higher-capacity drives, including 44TB products, with substantially larger capacities planned over time. Seagate’s Improving Earnings Support a Cautious Upside
- Neutral Sentiment: The next major company-specific event is approaching. Seagate is scheduled to report fiscal first-quarter 2027 results after the market closes on October 27, followed by an investor conference call. Investors will look for evidence that demand, pricing, margins and supply conditions remain favorable. Seagate Technology to Report Fiscal First Quarter 2027 Financial Results
- Negative Sentiment: Supply-chain and China competition fears are driving the immediate weakness. Reports of technological advances in China, along with a selloff in memory stocks and declines among Asian chipmakers, have raised concerns that future storage and component supplies could become less constrained. Seagate and Western Digital Shares Plummet
- Negative Sentiment: Valuation and volatility amplify investor sensitivity. After a substantial multiyear rally, STX remains a high-beta stock trading at an elevated earnings multiple. A sharp recent pullback, despite analysts largely maintaining earnings estimates, reflects heightened concern that expectations may have outrun near-term fundamentals. Rapid Growth, High Volatility, and Near 50% Upside
Institutional Investors Weigh In On Seagate Technology
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership boosted its stake in shares of Seagate Technology by 8.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock worth $879,338,000 after acquiring an additional 243,551 shares during the period. Wellington Management Group LLP raised its stake in Seagate Technology by 2,655.9% in the 2nd 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 acquiring an additional 2,326,538 shares during the period. Janus Henderson Group PLC lifted its holdings in Seagate Technology by 3,872.1% during 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 purchasing an additional 943,170 shares during the last quarter. Amundi lifted its holdings in Seagate Technology by 32.2% during the 1st quarter. Amundi now owns 965,565 shares of the data storage provider’s stock valued at $378,267,000 after purchasing an additional 235,359 shares during the last quarter. Finally, National Pension Service boosted its position in Seagate Technology by 0.8% during the second quarter. National Pension Service now owns 834,705 shares of the data storage provider’s stock worth $805,490,000 after purchasing an additional 6,944 shares during the period. 92.87% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on STX shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $1,300.00 price target on shares of Seagate Technology in a report on Wednesday, July 29th. Wells Fargo & Company boosted their price objective on Seagate Technology from $1,100.00 to $1,180.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Fox Advisors cut Seagate Technology from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. Zacks Research lowered shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Finally, Morgan Stanley upped their price target on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Twenty-two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and an average target price of $986.00.
Read Our Latest Research Report on STX
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.
About Seagate Technology
Seagate Technology Holdings plc is a data storage technology company that designs, manufactures and supplies solutions for storing, managing and accessing digital information. Its product portfolio is centered on hard disk drives (HDDs), including high-capacity drives used in cloud data centers, enterprise environments, surveillance systems, network-attached storage and personal computing.
The company also offers solid-state drives (SSDs), storage systems, external storage products and related services.
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