Gianluca Romano Sells 49,984 Shares of Seagate Technology (NASDAQ:STX) Stock

Seagate Technology Holdings PLC (NASDAQ:STX) CFO Gianluca Romano sold 49,984 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the completion of the transaction, the chief financial officer 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. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, September 11th, Gianluca Romano sold 45,898 shares of Seagate Technology stock. The shares were sold at an average price of $830.01, for a total value of $38,095,798.98.
• On Monday, September 14th, Gianluca Romano sold 955 shares of Seagate Technology stock. The stock was sold at an average price of $781.24, for a total value of $746,084.20.
• On Friday, September 11th, Gianluca Romano sold 4,600 shares of Seagate Technology stock. The stock was sold at an average price of $854.55, for a total value of $3,930,930.00.
• On Thursday, September 10th, Gianluca Romano sold 1,348 shares of Seagate Technology stock. The stock was sold at an average price of $862.13, for a total value of $1,162,151.24.
• On Friday, August 21st, Gianluca Romano sold 9,076 shares of Seagate Technology stock. The shares were sold at an average price of $849.35, for a total value of $7,708,700.60.
• On Friday, August 7th, Gianluca Romano sold 7,240 shares of Seagate Technology stock. The shares were sold at an average price of $781.64, for a total value of $5,659,073.60.
• On Friday, August 7th, Gianluca Romano sold 14,091 shares of Seagate Technology stock. The stock was sold at an average price of $811.25, for a total value of $11,431,323.75.
• On Friday, August 7th, Gianluca Romano sold 880 shares of Seagate Technology stock. The stock was sold at an average price of $845.12, for a total value of $743,705.60.

Seagate Technology Stock Performance

Shares of STX traded up $11.37 during trading hours on Wednesday, reaching $783.18. 3,353,335 shares of the company’s stock traded hands, compared to its average volume of 4,331,383. The firm has a market capitalization of $178.09 billion, a price-to-earnings ratio of 56.43 and a beta of 2.06. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. Seagate Technology Holdings PLC has a twelve month low of $206.26 and a twelve month high of $1,145.00. The business’s fifty day simple moving average is $846.41 and its two-hundred day simple moving average is $733.04.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping the consensus estimate of $5.10 by $0.61. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The company’s quarterly revenue was up 48.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Analysts predict that Seagate Technology Holdings PLC will post 35.7 earnings per share for the current year.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio is currently 21.33%.

Key Seagate Technology News

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

• Positive Sentiment: Seagate is being highlighted as a major beneficiary of rising AI-driven demand for high-capacity hard-disk drives. Fidelity’s investment commentary points to expanding hyperscale and data-center storage requirements, while Seagate’s latest quarterly results showed revenue growth of 48.5% year over year and earnings above expectations. Fidelity commentary on Seagate and AI storage demand
• Positive Sentiment: A Seagate-sponsored industry study found that 99% of organizations expect AI to increase storage needs, although only 38% believe they are fully prepared. The gap suggests potential future demand for Seagate’s mass-capacity storage products. Seagate AI storage research
• Positive Sentiment: Analyst sentiment remains favorable, with recent price-target increases and a consensus rating of “Moderate Buy.” Targets cited in the reports range as high as $1,300, reflecting expectations for strong nearline demand, hyperscale contracts and next-generation HAMR drive shipments. Seagate analyst ratings and price targets
• Neutral Sentiment: One report argues that Seagate could potentially reach $1,600 if AI-related storage demand continues to accelerate. However, the stock has already risen substantially, and investors are debating whether the expected growth is already reflected in its valuation. Seagate long-term price outlook
• Negative Sentiment: Multiple executives have recently sold shares, including CFO Gianluca Romano, CEO William Mosley and EVPs John Morris and Ban Teh. Most transactions were conducted under pre-arranged Rule 10b5-1 plans or to cover tax withholding on vested equity, which reduces their value as a bearish signal but may still weigh on sentiment. Seagate insider selling report
• Negative Sentiment: STX has also been pressured alongside other AI-linked technology stocks after prominent AI executives called for a slower, more cautious pace of frontier-model development. The market reaction raises concerns about the timing of AI infrastructure spending, even though Seagate’s underlying storage-demand outlook remains strong. AI technology sector selloff

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on STX shares. Cantor Fitzgerald reissued an “overweight” rating and set a $1,300.00 target price on shares of Seagate Technology in a report on Wednesday, July 29th. Susquehanna boosted their price objective on Seagate Technology from $775.00 to $875.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. raised their target price on Seagate Technology from $1,095.00 to $1,240.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a report on Wednesday, June 24th. Finally, Argus upped their price target on shares of Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $986.00.

Institutional Investors Weigh In On Seagate Technology

Several large investors have recently modified their holdings of the stock. Wellington Management Group LLP grew its holdings in shares of Seagate Technology by 2,655.9% in the 2nd quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock worth $2,329,641,000 after acquiring an additional 2,326,538 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Seagate Technology by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock valued at $1,343,683,000 after purchasing an additional 234,436 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Seagate Technology by 8.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock valued at $879,338,000 after purchasing an additional 243,551 shares during the period. National Pension Service increased its stake in Seagate Technology by 0.8% in the 2nd quarter. National Pension Service now owns 834,705 shares of the data storage provider’s stock worth $805,490,000 after purchasing an additional 6,944 shares in the last quarter. Finally, Norges Bank acquired a new stake in Seagate Technology during the 4th quarter worth about $498,363,000. 92.87% of the stock is owned by institutional investors.

About Seagate Technology

Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.

The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.