Key Points
- Seagate CFO Gianluca Romano sold 22,488 shares on May 6 at an average price of $774.22, generating about $17.4 million. The sale was made under a pre-arranged Rule 10b5-1 plan, and his remaining stake was valued at roughly $33.2 million.
- Seagate beat earnings expectations in its latest quarter, reporting $4.10 EPS versus the $3.51 consensus and revenue of $3.11 billion versus estimates of $2.96 billion. Revenue jumped 44.1% year over year, and the company issued Q4 2026 guidance of $4.80 to $5.20 EPS.
- Insider selling and upbeat analyst sentiment are both in focus: the article notes additional recent insider sales, while multiple analysts have raised price targets and maintained a broadly Moderate Buy view on the stock.
Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) CFO Gianluca Romano sold 1,902 shares of the firm's stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $770.00, for a total transaction of $1,464,540.00. Following the completion of the sale, the chief financial officer directly owned 40,945 shares of the company's stock, valued at approximately $31,527,650. This represents a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 Wednesday, May 6th, Gianluca Romano sold 22,488 shares of Seagate Technology stock. The stock was sold at an average price of $774.22, for a total transaction of $17,410,659.36.
Seagate Technology Trading Up 2.1%
NASDAQ:STX opened at $782.64 on Friday. The company has a 50-day moving average price of $476.41 and a 200-day moving average price of $369.68. Seagate Technology Holdings PLC has a 12 month low of $95.63 and a 12 month high of $802.13. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. The stock has a market cap of $175.49 billion, a price-to-earnings ratio of 74.25 and a beta of 1.98.
Seagate Technology (NASDAQ:STX - Get Free Report) last posted its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping 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 firm had revenue of $3.11 billion during the quarter, compared to analysts' expectations of $2.96 billion. During the same period last year, the company posted $1.90 EPS. The company's quarterly revenue was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities analysts predict that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.
Seagate Technology Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, June 24th. Seagate Technology's dividend payout ratio (DPR) is presently 28.08%.
Seagate Technology News Roundup
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
Institutional Trading of Seagate Technology
Institutional investors and hedge funds have recently bought and sold shares of the company. National Pension Service increased its stake in Seagate Technology by 28.0% during the 3rd quarter. National Pension Service now owns 250,121 shares of the data storage provider's stock valued at $59,044,000 after purchasing an additional 54,722 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in shares of Seagate Technology in the fourth quarter worth approximately $23,882,000. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Seagate Technology in the third quarter worth approximately $1,864,000. New York State Teachers Retirement System raised its holdings in shares of Seagate Technology by 5.0% during the fourth quarter. New York State Teachers Retirement System now owns 187,044 shares of the data storage provider's stock valued at $51,510,000 after purchasing an additional 8,991 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Seagate Technology by 1.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider's stock valued at $142,874,000 after purchasing an additional 6,028 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on STX. Robert W. Baird increased their price target on shares of Seagate Technology from $270.00 to $505.00 and gave the stock an "outperform" rating in a research note on Thursday, January 29th. Argus increased their price target on shares of Seagate Technology from $450.00 to $750.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Bank of America increased their price target on shares of Seagate Technology from $700.00 to $840.00 and gave the stock a "buy" rating in a research note on Monday, April 27th. KeyCorp set a $500.00 price target on shares of Seagate Technology in a research note on Wednesday, January 28th. Finally, TD Cowen increased their price target on shares of Seagate Technology from $500.00 to $850.00 and gave the stock a "buy" rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $709.13.
Read Our Latest Report on Seagate Technology
Seagate Technology Company Profile
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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.
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