Seagate Technology (NASDAQ:STX) CFO Gianluca Romano Sells 22,488 Shares

Seagate Technology Holdings PLC (NASDAQ:STX) CFO Gianluca Romano sold 22,488 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $774.22, for a total transaction of $17,410,659.36. Following the sale, the chief financial officer owned 42,847 shares of the company’s stock, valued at approximately $33,173,004.34. This represents a 34.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 Thursday, May 7th, Gianluca Romano sold 1,902 shares of Seagate Technology stock. The shares were sold at an average price of $770.00, for a total transaction of $1,464,540.00.

Seagate Technology Stock Performance

Seagate Technology stock traded up $16.20 during trading on Friday, reaching $782.64. The company had a trading volume of 4,850,216 shares, compared to its average volume of 4,280,698. The firm’s 50-day simple moving average is $476.41 and its 200 day simple moving average is $369.68. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a 52 week low of $95.63 and a 52 week high of $802.13. The firm has a market capitalization of $175.49 billion, a price-to-earnings ratio of 74.25 and a beta of 1.98.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the previous year, the company posted $1.90 EPS. The firm’s revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Sell-side analysts forecast that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th will be paid a $0.74 dividend. The ex-dividend date of this dividend is Wednesday, June 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 28.08%.

Analyst Ratings Changes

Several brokerages have recently issued reports on STX. Jefferies Financial Group reaffirmed a “hold” rating on shares of Seagate Technology in a report on Wednesday, February 4th. KeyCorp set a $500.00 target price on shares of Seagate Technology in a report on Wednesday, January 28th. Wall Street Zen raised Seagate Technology from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Rosenblatt Securities raised their target price on shares of Seagate Technology from $500.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company lifted their price objective on Seagate Technology from $450.00 to $700.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $709.13.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Seagate is being highlighted by analysts and market commentary as a large-cap growth name benefiting from AI demand, with recent reports also pointing to strong earnings, higher price targets, and bullish calls that support the stock’s momentum. The Zacks Analyst Blog Highlights Micron Technology, Ciena, Seagate Technology, Five Below and Murphy USA
• Positive Sentiment: Seagate’s recent earnings beat and AI-focused storage push continue to underpin investor confidence, especially after management reported stronger revenue and profit and maintained shareholder returns through dividends and buybacks. Seagate (STX) Is Up 22.2% After Strong Q3 Results And AI Storage Push Has The Bull Case Changed?
• Positive Sentiment: Recent analyst upgrades and target increases from firms including Morgan Stanley and Goldman Sachs are reinforcing the view that Seagate has room for a higher valuation. Morgan Stanley Calls Seagate Technology Holdings (STX) a “Top Pick”
• Neutral Sentiment: A Finbold piece names Seagate among 2026’s best-performing S&P 500 stocks, which reflects strong relative performance but adds little new fundamental news. These are the top 3 best-performing S&P500 stock of 2026
• Neutral Sentiment: Seagate’s quarterly dividend announcement is supportive for income investors, but it is not likely to be a major near-term stock driver on its own. Seagate Technology stock and dividend details
• Negative Sentiment: Multiple insiders sold shares over the past couple of days, including a director and two executives, which can raise caution even though the trades were reportedly made under pre-arranged 10b5-1 plans. Stephanie Tilenius Sells 1,580 Shares of Seagate Technology (NASDAQ:STX) Stock
• Negative Sentiment: Additional insider selling from EVP James Ci Lee and EVP John Christopher Morris adds to the recent sell-side headline flow around the stock. James Ci Lee Sells 697 Shares of Seagate Technology (NASDAQ:STX) Stock

Hedge Funds Weigh In On Seagate Technology

Several institutional investors and hedge funds have recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Seagate Technology by 23.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 15 shares in the last quarter. Salomon & Ludwin LLC grew its stake in shares of Seagate Technology by 124.4% during the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 51 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Seagate Technology during the first quarter valued at about $39,000. Armstrong Advisory Group Inc. purchased a new position in shares of Seagate Technology in the 4th quarter valued at approximately $28,000. Finally, Concord Wealth Partners acquired a new stake in Seagate Technology in the 4th quarter worth approximately $28,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Company Profile

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.