Seagate Technology (NASDAQ:STX) CFO Gianluca Romano Sells 903 Shares of Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CFO Gianluca Romano sold 903 shares of Seagate Technology stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $880.19, for a total transaction of $794,811.57. Following the sale, the chief financial officer owned 42,860 shares in the company, valued at approximately $37,724,943.40. This trade represents a 2.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, June 10th, Gianluca Romano sold 1,350 shares of Seagate Technology stock. The shares were sold at an average price of $821.76, for a total transaction of $1,109,376.00.
• On Wednesday, May 6th, Gianluca Romano sold 22,488 shares of Seagate Technology stock. The shares were sold at an average price of $774.22, for a total transaction of $17,410,659.36.
• 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 Price Performance

Shares of Seagate Technology stock opened at $1,018.80 on Tuesday. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. The firm’s 50-day simple moving average is $721.33 and its 200-day simple moving average is $482.71. Seagate Technology Holdings PLC has a twelve month low of $127.61 and a twelve month high of $1,032.52. The firm has a market cap of $228.45 billion, a P/E ratio of 96.66 and a beta of 2.04.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same period in the previous year, the business earned $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. As a group, research analysts expect that Seagate Technology Holdings PLC will post 14.14 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be given a $0.74 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. Seagate Technology’s payout ratio is 28.08%.

Seagate Technology News Summary

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

• Positive Sentiment: Morgan Stanley raised its price target on Seagate Technology (STX) to $1,035 from $767 and reiterated an Overweight rating, citing improving HDD pricing and expectations that supply shortages could last through at least 2028. Benzinga reference
• Positive Sentiment: Several market reports highlighted Seagate as a beneficiary of stronger AI/data-center storage demand, with tech and memory stocks broadly gaining on optimism around the sector. Yahoo Finance reference
• Positive Sentiment: Seagate also received fresh support from “growth stock” and “AI memory/storage” articles that framed STX as an attractive way to play tightening supply and rising infrastructure spending. Zacks reference
• Neutral Sentiment: Seagate disclosed multiple insider sales on June 12, including CEO William D. Mosley and executives Gianluca Romano, Ban Seng Teh, and John Christopher Morris. The sales were sizable in dollar terms, but several were made under pre-arranged trading plans and do not necessarily signal a change in fundamentals.
• Neutral Sentiment: Seagate redeemed its 3.50% exchangeable senior notes due 2028, removing roughly $150.7 million of debt and improving balance-sheet flexibility. Yahoo Finance reference

Wall Street Analysts Forecast Growth

A number of research firms have commented on STX. Barclays boosted their price target on shares of Seagate Technology from $750.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Wednesday, May 27th. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a research report on Friday, March 27th. Morgan Stanley boosted their price target on shares of Seagate Technology from $767.00 to $1,035.00 and gave the company an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. boosted their price target on shares of Seagate Technology from $775.00 to $920.00 and gave the company an “overweight” rating in a research report on Thursday, June 11th. Finally, China Renaissance boosted their price target on shares of Seagate Technology from $802.00 to $983.00 in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $831.79.

Hedge Funds Weigh In On Seagate Technology

Large investors have recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Seagate Technology by 23.1% during the first 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 raised 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 buying an additional 51 shares during the last quarter. WealthCollab LLC raised its stake in shares of Seagate Technology by 27.4% during the first quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock worth $36,000 after buying an additional 20 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Seagate Technology during the first quarter worth approximately $39,000. Finally, Armstrong Advisory Group Inc. bought a new stake in shares of Seagate Technology during the fourth quarter worth approximately $28,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

About Seagate Technology

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.