Seagate Technology (NASDAQ:STX) Stock Sale Reported by Rep. Lisa C. McClain

Posted by Tyrone Williams on Oct 14th, 2026

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 Down 0.8%

NASDAQ STX opened at $747.20 on Wednesday. The stock has a market capitalization of $169.91 billion, a P/E ratio of 53.83 and a beta of 2.06. Seagate Technology Holdings PLC has a 52 week low of $209.00 and a 52 week high of $1,145.00. 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 stock has a fifty day moving average of $851.58 and a 200-day moving average of $798.06.

Seagate Technology (NASDAQ:STX – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.10 by $0.61. The business had revenue of $3.63 billion for 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 revenue for the quarter was up 48.5% compared to the same quarter last year. 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. On average, equities research analysts forecast that Seagate Technology Holdings PLC will post 35.70 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th were paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is 21.33%.

Wall Street Analyst Weigh In

STX has been the subject of several recent research reports. Cantor Fitzgerald reissued an “overweight” rating and set a $1,300.00 price objective on shares of Seagate Technology in a report on Wednesday, July 29th. Susquehanna raised their target price on shares of Seagate Technology from $775.00 to $875.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Sanford C. Bernstein reiterated an “outperform” rating and set a $1,350.00 price target on shares of Seagate Technology in a research report on Wednesday, July 29th. Wedbush lifted their price target on shares of Seagate Technology from $825.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Finally, Zacks Research downgraded shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Twenty-two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus price target of $986.00.

View Our Latest Report on Seagate Technology

Key Headlines Impacting Seagate Technology

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

Positive Sentiment: Analysts have reportedly maintained their earnings estimates despite Seagate’s sharp recent pullback, while the average price target remains substantially above the current trading level. That suggests some investors continue to see upside if cloud, AI and data-center storage demand remains strong. Rapid Growth, High Volatility, and Near 50% Upside Confound Seagate Technology Investors
Positive Sentiment: Seagate will report fiscal first-quarter 2027 results after the U.S. market closes on October 27, followed by an investor conference call. The event could provide a near-term catalyst, particularly because the company has issued quarterly EPS guidance of $7.10 to $7.50. Seagate Technology to Report Fiscal First Quarter 2027 Financial Results on October 27, 2026
Neutral Sentiment: Long-term investor interest remains tied to Seagate’s role in supplying mass-capacity hard drives for cloud and AI data centers. However, the stock’s exceptionally large multiyear gain and high volatility have raised questions about how much of its valuation reflects future growth rather than current revenue expansion. Where Did Seagate Stock’s Gains Really Come From?
Negative Sentiment: Reports of Chinese memory-design progress pressured Seagate and Western Digital along with chipmakers, as investors worried that improved supply or tougher competition could weaken pricing and reduce the scarcity premium across the storage complex. The selling reflects sector contagion more than a direct change to Seagate’s core hard-drive business. Seagate and Western Digital Shares Plummet, What You Need To Know

Institutional Investors Weigh In On Seagate Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Retirement Wealth Solutions LLC increased its stake 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 purchasing an additional 12 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position 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. WealthCollab LLC lifted its position in shares of Seagate Technology by 27.4% in the first quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock valued at $36,000 after buying an additional 20 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in shares of Seagate Technology during the 4th quarter worth approximately $37,000. Finally, McMillan Office Inc. bought a new position in shares of Seagate Technology during the 1st quarter worth approximately $39,000. Institutional investors own 92.87% of the company’s stock.

Insiders Place Their Bets

In other Seagate Technology news, EVP Ban Teh sold 52,730 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $782.08, for a total transaction of $41,239,078.40. Following the completion of the sale, the executive vice president owned 5,810 shares of the company’s stock, valued at $4,543,884.80. This trade represents a 90.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Morris sold 15,466 shares of Seagate Technology stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $772.15, for a total transaction of $11,942,071.90. Following the transaction, the executive vice president directly owned 31,132 shares of the company’s stock, valued at approximately $24,038,573.80. This trade represents a 33.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 466,959 shares of company stock valued at $378,840,741 over the last 90 days. 0.51% of the stock is owned by insiders.

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

(Get Free Report)

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.