Seagate Technology (NASDAQ:STX) Stock Sale Reported by Rep. Lisa C. McClain

Key Points

• Rep. Lisa C. McClain sold $15,001–$50,000 of Seagate Technology stock on September 30 from a Charles Schwab 401(k) account. She also reported several purchases, including Microsoft, ImmunityBio, Caterpillar, Olin, Transocean and CACI International.
• Seagate reported strong quarterly results, with EPS of $5.71 beating estimates and revenue rising 48.5% year over year to $3.63 billion. The company issued fiscal Q1 2027 EPS guidance of $7.10–$7.50 and pays a $0.74 quarterly dividend.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and a $986 price target, but insider selling and volatility remain notable risks. Recent pressure has also stemmed from concerns about Chinese memory-sector competition and potential effects on storage pricing.

Representative Lisa C. McClain (Republican-Michigan) recently sold shares of Seagate Technology Holdings PLC (NASDAQ:STX). In a filing disclosed on October 12th, the Representative disclosed that they had sold between $15,001 and $50,000 in Seagate Technology stock on September 30th. The trade occurred in the Representative's "CHARLES SCHWAB 401K (HANTZ) > SCHWAB 824" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 9/30/2026.
• Purchased $1,001 - $15,000 in shares of ImmunityBio NASDAQ: IBRX on 9/30/2026.
• Purchased $1,001 - $15,000 in shares of Caterpillar NYSE: CAT on 9/28/2026.
• Purchased $1,001 - $15,000 in shares of ImmunityBio NASDAQ: IBRX on 9/28/2026.
• Purchased $15,001 - $50,000 in shares of Olin NYSE: OLN on 9/14/2026.
• Purchased $1,001 - $15,000 in shares of Novagold Resources NYSEAMERICAN: NG on 9/14/2026.
• Purchased $15,001 - $50,000 in shares of Transocean NYSE: RIG on 9/14/2026.
• Purchased $15,001 - $50,000 in shares of CACI International NYSE: CACI on 9/14/2026.

Seagate Technology Price Performance

Shares of STX opened at $747.20 on Wednesday. The firm has a market capitalization of $169.91 billion, a price-to-earnings ratio of 53.83 and a beta of 2.06. The firm's fifty day simple moving average is $851.58 and its 200-day simple moving average is $798.06. Seagate Technology Holdings PLC has a twelve month low of $209.00 and a twelve month high of $1,145.00. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating the consensus estimate of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the prior year, the company posted $2.59 earnings per share. Seagate Technology's revenue for the quarter was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Equities analysts forecast that Seagate Technology Holdings PLC will post 35.70 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th were issued 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 was Thursday, September 24th. Seagate Technology's dividend payout ratio (DPR) is presently 21.33%.

More Seagate Technology News

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

• Positive Sentiment: Analysts have reportedly maintained their earnings estimates despite Seagate’s sharp recent pullback, while the average price target remains substantially above the current trading level. That suggests some investors continue to see upside if cloud, AI and data-center storage demand remains strong. Rapid Growth, High Volatility, and Near 50% Upside Confound Seagate Technology Investors
• Positive Sentiment: Seagate will report fiscal first-quarter 2027 results after the U.S. market closes on October 27, followed by an investor conference call. The event could provide a near-term catalyst, particularly because the company has issued quarterly EPS guidance of $7.10 to $7.50. Seagate Technology to Report Fiscal First Quarter 2027 Financial Results on October 27, 2026
• Neutral Sentiment: Long-term investor interest remains tied to Seagate’s role in supplying mass-capacity hard drives for cloud and AI data centers. However, the stock’s exceptionally large multiyear gain and high volatility have raised questions about how much of its valuation reflects future growth rather than current revenue expansion. Where Did Seagate Stock's Gains Really Come From?
• Negative Sentiment: Reports of Chinese memory-design progress pressured Seagate and Western Digital along with chipmakers, as investors worried that improved supply or tougher competition could weaken pricing and reduce the scarcity premium across the storage complex. The selling reflects sector contagion more than a direct change to Seagate’s core hard-drive business. Seagate and Western Digital Shares Plummet, What You Need To Know

Wall Street Analyst Weigh In

A number of research firms have recently commented on STX. TD Cowen increased their price objective on Seagate Technology from $850.00 to $1,000.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Susquehanna upped their price target on Seagate Technology from $775.00 to $875.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Citigroup raised their price objective on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price objective on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Finally, Argus increased their target price on shares of Seagate Technology from $750.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Twenty-two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Seagate Technology currently has a consensus rating of "Moderate Buy" and a consensus price target of $986.00.

Insider Activity at Seagate Technology

In related news, EVP John Morris sold 15,466 shares of the stock in a transaction on 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 transaction, the executive vice president directly owned 31,132 shares of the company's stock, valued at approximately $24,038,573.80. This trade represents a 33.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 Seagate Technology stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $782.08, for a total value of $41,239,078.40. Following the completion of the transaction, the executive vice president owned 5,810 shares in the company, valued at $4,543,884.80. The trade was a 90.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 466,959 shares of company stock worth $378,840,741. Company insiders own 0.51% of the company's stock.

Institutional Trading of Seagate Technology

A number of large investors have recently made changes to their positions in STX. Retirement Wealth Solutions LLC grew its holdings in Seagate Technology by 70.6% in the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider's stock valued at $28,000 after buying an additional 12 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of Seagate Technology in the second quarter worth approximately $39,000. Trust Co. of Vermont purchased a new stake in Seagate Technology in the second quarter valued at approximately $54,000. Triumph Capital Management grew its holdings in Seagate Technology by 93.5% in the second quarter. Triumph Capital Management now owns 60 shares of the data storage provider's stock valued at $58,000 after purchasing an additional 29 shares during the period. Finally, Washington Trust Advisors Inc. increased its position in Seagate Technology by 712.5% during the second quarter. Washington Trust Advisors Inc. now owns 65 shares of the data storage provider's stock worth $62,000 after purchasing an additional 57 shares during the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About Seagate Technology

Seagate Technology Holdings plc is a data storage technology company that designs, manufactures and supplies solutions for storing, managing and accessing digital information. Its product portfolio is centered on hard disk drives (HDDs), including high-capacity drives used in cloud data centers, enterprise environments, surveillance systems, network-attached storage and personal computing.

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

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