Seagate Technology (NASDAQ:STX) Shares Unloaded 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 Trading Up 0.4%

NASDAQ STX opened at $700.47 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68. Seagate Technology Holdings PLC has a 12 month low of $228.61 and a 12 month high of $1,145.00. The company has a market capitalization of $159.28 billion, a PE ratio of 36.79 and a beta of 2.06. The stock has a 50-day simple moving average of $803.20 and a 200 day simple moving average of $686.80.

Seagate Technology (NASDAQ:STX) last announced 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 during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the prior year, the business posted $2.61 EPS. Seagate Technology’s revenue was up 61.0% on a year-over-year basis. Research analysts forecast that Seagate Technology Holdings PLC will post 35.79 EPS for the current year.

Seagate Technology Increases Dividend

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

More Seagate Technology News

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

• Positive Sentiment: Seagate reported fiscal Q1 revenue of approximately $4.23 billion and non-GAAP EPS of $7.68, exceeding estimates of $4.15 billion and $7.44, respectively. Revenue increased 61% year over year, while free cash flow reached a record roughly $1.5 billion. Seagate Q1 earnings article
• Positive Sentiment: Strong artificial-intelligence and data-center demand remains the key growth driver. Data-center customers represented about 90% of shipped capacity, most nearline supply is committed through 2028, and HAMR expansion, favorable pricing and supply agreements could support growth and margins through 2030. Seagate long-term investor takeaways
• Positive Sentiment: Wedbush reaffirmed an “outperform” rating, while Wells Fargo and other analysts continue to see upside despite lowering their targets. Comparative research also presents Seagate favorably against Western Digital based on profitability, valuation and cash flow. Western Digital versus Seagate analysis
• Neutral Sentiment: The stock has moved back above its 200-day moving average, a potentially constructive technical signal, but the move occurred amid broad analyst estimate revisions rather than a clear change in consensus sentiment. Seagate moving average article
• Negative Sentiment: TD Cowen, Susquehanna, Morgan Stanley, Citigroup and Wells Fargo all reduced their Seagate price targets, while Summit Insights downgraded the shares to “hold.” These revisions suggest analysts believe expectations and valuation remain demanding even after the earnings beat. Analyst target revisions
• Negative Sentiment: Investors are focusing on slowing exabyte shipment growth and the possibility that the strong AI-driven outlook is already reflected in the stock. As a result, the shares have decreased despite better-than-expected results and upbeat guidance. Why Seagate stock is falling article

Institutional Investors Weigh In On Seagate Technology

Several institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its position 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 purchasing an additional 2,326,538 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Seagate Technology by 3,872.1% during the 1st quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock valued at $378,985,000 after acquiring an additional 943,170 shares during the period. Amundi grew its stake 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 boosted 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 worth $805,490,000 after acquiring an additional 6,944 shares in the last quarter. Finally, Swedbank AB increased its stake in shares of Seagate Technology by 67.6% in the 1st quarter. Swedbank AB now owns 709,160 shares of the data storage provider’s stock valued at $277,821,000 after purchasing an additional 285,949 shares during the last quarter. 92.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

STX has been the subject of a number of analyst reports. Cantor Fitzgerald decreased their price objective on shares of Seagate Technology from $1,300.00 to $1,000.00 and set an “overweight” rating for the company in a report on Monday. Argus increased their target price on shares of Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. boosted their price target on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Morgan Stanley lowered their price objective on shares of Seagate Technology from $1,200.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Bank of America raised their price objective on Seagate Technology from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. Twenty-two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Seagate Technology currently has an average rating of “Moderate Buy” and an average target price of $1,000.88.

Insider Activity at Seagate Technology

In related news, CFO Gianluca Romano sold 49,984 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $772.16, for a total value 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 $54,634,952.96. This represents a 41.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP John Morris sold 15,466 shares of the stock in a transaction on Tuesday, September 15th. The shares were 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 disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 466,812 shares of company stock valued at $378,583,042 in the last quarter. 0.51% of the stock is owned by company insiders.

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.

About Seagate Technology

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.