Rep. Kevin Hern Unloads Shares of Seagate Technology Holdings PLC (NASDAQ:STX)

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Seagate Technology Holdings PLC (NASDAQ:STX). In a filing disclosed on September 25th, the Representative disclosed that they had sold between $1,001 and $15,000 in Seagate Technology stock on September 15th. The trade occurred in the Representative’s “KEVIN HERN TRADITIONAL IRA” account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of CenterPoint Energy (NYSE:CNP) on 9/15/2026.
• Sold $1,001 – $15,000 in shares of TJX Companies (NYSE:TJX) on 9/15/2026.
• Sold $15,001 – $50,000 in shares of STERIS (NYSE:STE) on 9/15/2026.
• Sold $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 9/14/2026.
• Sold $1,001 – $15,000 in shares of Marsh & McLennan Companies (NYSE:MRSH) on 9/14/2026.
• Sold $15,001 – $50,000 in shares of IQVIA (NYSE:IQV) on 9/14/2026.
• Sold $15,001 – $50,000 in shares of Home Depot (NYSE:HD) on 9/14/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 9/14/2026.
• Sold $15,001 – $50,000 in shares of Emerson Electric (NYSE:EMR) on 9/14/2026.
• Sold $15,001 – $50,000 in shares of Devon Energy (NYSE:DVN) on 9/14/2026.

Seagate Technology Stock Performance

Shares of STX stock opened at $921.51 on Tuesday. The stock has a market capitalization of $209.54 billion, a price-to-earnings ratio of 66.39 and a beta of 2.06. The company’s 50-day simple moving average is $853.36 and its 200-day simple moving average is $764.74. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. Seagate Technology Holdings PLC has a one year low of $209.00 and a one year high of $1,145.00.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.10 by $0.61. The company 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 firm’s quarterly revenue was up 48.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Equities analysts anticipate that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is 21.33%.

Key Seagate Technology News

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

• Positive Sentiment: Seagate’s transition to higher-capacity HAMR drives and its Mozaic platform are supporting increased areal density, potentially lowering storage costs and strengthening its position with cloud customers. Robust cloud demand, disciplined pricing and long-term agreements provide additional earnings visibility. Seagate: The Areal Density Breakthrough
• Positive Sentiment: The company’s latest quarterly results exceeded expectations, with non-GAAP EPS of $5.71 versus consensus of $5.10, revenue of approximately $3.63 billion and year-over-year revenue growth near 49%. Gross margin also rose sharply to 52.7%, while management provided strong forward EPS guidance. Seagate Technology Holdings Rides AI Storage Demand
• Positive Sentiment: A reported “Power Inflow” alert indicated strong buying pressure from institutional and retail order flow, helping reinforce the bullish trading momentum around Seagate shares. Seagate Shares Rise After Key Trading Signal
• Neutral Sentiment: Seagate is included among memory and storage stocks benefiting from AI infrastructure spending. However, the broader sector’s performance will remain sensitive to enterprise demand, supply conditions and technology shifts. Memory Semiconductor Stocks to Watch
• Negative Sentiment: Despite bullish analyst views, Seagate’s valuation and risk profile are stretched after the major rally. Its beta above 2 and widely varying long-term EPS estimates point to substantial downside volatility if AI demand, pricing power or margin gains weaken. Is Seagate Stock a Buy, Hold, or Sell Above $900?
• Negative Sentiment: Reported insider selling is a potential overhang, although the transactions may reflect taxes, executive changes or portfolio diversification rather than declining confidence in the business. Stocks Under the Microscope After Large Insider Sales

Wall Street Analysts Forecast Growth

STX has been the topic of several recent analyst reports. Mizuho boosted their target price on shares of Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. Citigroup increased their price target on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Morgan Stanley lifted their target price on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Cantor Fitzgerald restated an “overweight” rating and set a $1,300.00 target price on shares of Seagate Technology in a research note on Wednesday, July 29th. Finally, Melius Research initiated coverage on Seagate Technology in a research report on Monday, June 29th. They issued a “buy” rating and a $1,600.00 price target on the stock. One investment 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $986.00.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Retirement Wealth Solutions LLC boosted its position in shares of Seagate Technology by 70.6% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 12 shares in the last quarter. Bridgewater Advisors Inc. increased its holdings in shares of Seagate Technology by 0.9% in the 1st quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider’s stock valued at $579,000 after acquiring an additional 13 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Seagate Technology by 23.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after buying an additional 15 shares during the last quarter. Blalock Williams LLC raised its stake in Seagate Technology by 2.6% during the 2nd quarter. Blalock Williams LLC now owns 636 shares of the data storage provider’s stock valued at $614,000 after acquiring an additional 16 shares during the last quarter. Finally, Beaumont Financial Advisors LLC lifted its position in Seagate Technology by 2.1% during the 1st quarter. Beaumont Financial Advisors LLC now owns 820 shares of the data storage provider’s stock worth $321,000 after acquiring an additional 17 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, 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 transaction of $75,584,012.46. Following the completion of the transaction, the chief executive officer directly owned 378,108 shares of the company’s stock, valued at approximately $291,952,311.12. This represents a 20.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gianluca Romano sold 49,984 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $772.16, for a total value of $38,595,645.44. Following the completion of the sale, the chief financial officer directly owned 70,756 shares of the company’s stock, valued at approximately $54,634,952.96. This trade represents a 41.40% 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. In the last 90 days, insiders have sold 466,959 shares of company stock valued at $378,615,011. Corporate insiders own 0.51% of the company’s stock.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma’s 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027.

Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma’s 1st Congressional District. He declared candidacy for the 2026 election.

Kevin Hern went into business as a McDonald’s franchisee in 1999. He acquired 10 McDonald’s franchises by 2012. He served on the McDonald’s National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

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.