Gianluca Romano Sells 22,488 Shares of Seagate Technology (NASDAQ:STX) Stock

Key Points

• Seagate CFO Gianluca Romano sold 22,488 shares on May 6 at an average price of $774.22, totaling about $17.4 million. The sale reduced his holdings by 34.42% and was made under a pre-arranged Rule 10b5-1 plan.
• Seagate posted strong quarterly results, reporting EPS of $4.10 versus $3.51 expected and revenue of $3.11 billion versus $2.96 billion expected. Revenue jumped 44.1% year over year, and the company raised its Q4 2026 guidance to 4.8-5.2 EPS.
• Analysts remain broadly bullish on Seagate despite recent insider selling, with several firms raising price targets and the consensus rating sitting at Moderate Buy. The average target price is $709.13, below the stock’s recent trading level near $782.64.

Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) CFO Gianluca Romano sold 22,488 shares of the business's stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $774.22, for a total transaction of $17,410,659.36. Following the sale, the chief financial officer owned 42,847 shares of the company's stock, valued at $33,173,004.34. This trade represents a 34.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through 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 Thursday, May 7th, Gianluca Romano sold 1,902 shares of Seagate Technology stock. The stock was sold at an average price of $770.00, for a total value of $1,464,540.00.

Seagate Technology Stock Up 2.1%

Seagate Technology stock traded up $16.20 during trading on Friday, hitting $782.64. 4,850,216 shares of the company were exchanged, compared to its average volume of 4,280,698. The company has a market capitalization of $175.49 billion, a P/E ratio of 74.25 and a beta of 1.98. The business's 50 day moving average is $476.41 and its 200 day moving average is $369.68. Seagate Technology Holdings PLC has a 52 week low of $95.63 and a 52 week 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.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.51 by $0.59. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The business's revenue for the quarter was up 44.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Analysts predict that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be paid a $0.74 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 annualized dividend and a yield of 0.4%. Seagate Technology's dividend payout ratio (DPR) is 28.08%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in STX. National Pension Service boosted its position 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 buying an additional 54,722 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Seagate Technology in the 4th quarter valued at approximately $23,882,000. Tokio Marine Asset Management Co. Ltd. purchased a new position in Seagate Technology during the third quarter valued at $1,864,000. New York State Teachers Retirement System boosted its stake in 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 worth $51,510,000 after acquiring an additional 8,991 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Seagate Technology by 1.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider's stock worth $142,874,000 after buying an additional 6,028 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group upped their target price on Seagate Technology from $385.00 to $700.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. UBS Group boosted their price objective on Seagate Technology from $515.00 to $545.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 29th. Mizuho raised their target price on Seagate Technology from $565.00 to $700.00 and gave the company an "outperform" rating in a research report on Wednesday, April 29th. Barclays lifted their target price on Seagate Technology from $625.00 to $750.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 29th. Finally, Citigroup boosted their price target on shares of Seagate Technology from $595.00 to $740.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $709.13.

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

Seagate Technology Company Profile

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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