Seagate Technology (NASDAQ:STX) Stock Sold by Rep. Kevin Hern

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Seagate Technology Holdings PLC (NASDAQ:STX). In a filing disclosed on October 28th, the Representative disclosed that they had sold between $15,001 and $50,000 in Seagate Technology stock on October 23rd. 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 ASML (NASDAQ:ASML) on 10/23/2026.
• Sold $15,001 – $50,000 in shares of Texas Instruments (NASDAQ:TXN) on 10/14/2026.
• Sold $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 10/2/2026.
• Sold $15,001 – $50,000 in shares of Lockheed Martin (NYSE:LMT) on 9/23/2026.
• Sold $50,001 – $100,000 in shares of Devon Energy (NYSE:DVN) on 9/23/2026.
• Sold $15,001 – $50,000 in shares of Devon Energy (NYSE:DVN) on 9/23/2026.
• Sold $15,001 – $50,000 in shares of Starbucks (NASDAQ:SBUX) on 9/23/2026.
• Sold $50,001 – $100,000 in shares of Marsh & McLennan Companies (NYSE:MRSH) on 9/23/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 9/23/2026.
• Sold $15,001 – $50,000 in shares of UnitedHealth Group (NYSE:UNH) on 9/23/2026.

Seagate Technology Stock Performance

STX opened at $700.47 on Friday. The business’s 50-day moving average price is $803.20 and its two-hundred day moving average price is $686.80. Seagate Technology Holdings PLC has a 1 year low of $228.61 and a 1 year high of $1,145.00. The company has a market capitalization of $159.28 billion, a price-to-earnings ratio of 36.79 and a beta of 2.06. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.82 and a quick ratio of 1.17.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, October 27th. The data storage provider reported $7.68 EPS for the quarter, beating analysts’ consensus estimates of $7.44 by $0.24. Seagate Technology had a return on equity of 252.47% and a net margin of 31.86%. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period in the previous year, the company posted $2.61 earnings per share. The company’s quarterly revenue was up 61.0% compared to the same quarter last year. Equities analysts expect that Seagate Technology Holdings PLC will post 35.79 EPS for the current fiscal year.

Seagate Technology Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Wednesday, December 23rd will be issued a dividend of $0.76 per share. This is a boost from Seagate Technology’s previous quarterly dividend of $0.74. The ex-dividend date is Wednesday, December 23rd. This represents a $3.04 dividend on an annualized basis and a yield of 0.4%. Seagate Technology’s dividend payout ratio is currently 15.97%.

Key Seagate Technology News

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

• Positive Sentiment: Results exceeded expectations: Fiscal Q1 revenue rose 61% year over year to $4.23 billion, while EPS of $7.68 topped the $7.45 consensus estimate. Data-center revenue increased 63%, and record free cash flow strengthened the earnings quality. STX Q1 Earnings and Revenues Beat
• Positive Sentiment: AI infrastructure demand remains robust: Cloud and other data-center customers represented about 90% of shipped capacity. Nearline supply is largely committed through 2028 or 2030, while HAMR technology, favorable pricing and double-digit sequential growth are expected to support fiscal Q2 revenue of approximately $4.8 billion and non-GAAP EPS of $9.20. Seagate Technology Key Takeaways
• Positive Sentiment: Analysts remain constructive: Wells Fargo maintained an overweight rating, while TD Cowen, Citigroup and other firms kept buy or overweight recommendations despite reducing price targets. Commentary comparing Seagate with Western Digital also favors STX because of its higher return on equity, lower forward P/E and record cash generation. Western Digital versus Seagate
• Positive Sentiment: Shareholder returns improved: Seagate raised its quarterly dividend 2.7% to $0.76 per share and indicated that strong cash generation could support additional share repurchases. Seagate Dividend Increase
• Neutral Sentiment: Valuation and expectations are elevated: The earnings beat and AI outlook were largely anticipated, increasing the risk that further gains require continued execution and stronger-than-expected demand.
• Negative Sentiment: Growth concerns triggered selling: Investors focused on slower exabyte shipment growth and the possibility of margin deceleration, causing the stock to decline despite record results and upbeat guidance. Why Seagate Stock Is Falling
• Negative Sentiment: Price-target reductions reflect caution: Susquehanna cut its target to $765 and moved to neutral, while several other firms lowered targets even while retaining positive ratings. Summit Insights separately downgraded STX to hold.

Analyst Ratings Changes

A number of research firms have recently issued reports on STX. Weiss Ratings upgraded shares of Seagate Technology from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 16th. Citigroup reduced their target price on shares of Seagate Technology from $1,300.00 to $1,050.00 and set a “buy” rating for the company in a report on Wednesday. Susquehanna reduced their target price on shares of Seagate Technology from $925.00 to $765.00 and set a “neutral” rating for the company in a report on Wednesday. Robert W. Baird set a $1,350.00 target price on shares of Seagate Technology in a research report on Wednesday. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $1,350.00 price target on shares of Seagate Technology in a research note on Wednesday, July 29th. Twenty-two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,000.88.

Insider Buying and Selling

In related news, EVP John Morris sold 15,466 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $772.15, for a total value of $11,942,071.90. Following the completion of the transaction, the executive vice president owned 31,132 shares of the company’s stock, valued at $24,038,573.80. The trade was a 33.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Ban Teh sold 52,730 shares of the company’s stock in a transaction dated 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 sale, the executive vice president directly owned 5,810 shares of the company’s stock, valued at $4,543,884.80. This represents a 90.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 466,812 shares of company stock worth $378,583,042 over the last three months. Company insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of STX. Wellington Management Group LLP boosted its stake in shares of Seagate Technology by 2,655.9% in the second quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock valued at $2,329,641,000 after buying an additional 2,326,538 shares during the period. Janus Henderson Group PLC grew its position in Seagate Technology by 3,872.1% during the first quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock worth $378,985,000 after buying an additional 943,170 shares in the last quarter. Amundi grew its position in Seagate Technology by 32.2% during the first quarter. Amundi now owns 965,565 shares of the data storage provider’s stock worth $378,267,000 after buying an additional 235,359 shares in the last quarter. National Pension Service lifted its position in shares of Seagate Technology by 0.8% during the 2nd quarter. National Pension Service now owns 834,705 shares of the data storage provider’s stock valued at $805,490,000 after acquiring an additional 6,944 shares during the period. Finally, Swedbank AB grew its holdings in shares of Seagate Technology by 67.6% during the 1st quarter. Swedbank AB now owns 709,160 shares of the data storage provider’s stock worth $277,821,000 after purchasing an additional 285,949 shares in the last quarter. Institutional investors own 92.87% 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.

Seagate Technology Company Profile

Seagate Technology Holdings plc (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.