Rep. Julie Johnson Sells Seagate Technology Holdings PLC (NASDAQ:STX) Stock

Key Points

• Representative Julie Johnson sold shares of Seagate Technology Holdings PLC for a value between $1,001 and $15,000 on August 14th.
• Seagate Technology reported a quarterly earnings of $2.59 per share, surpassing analyst expectations, and the company has set a guidance for Q1 2026 EPS between 2.100-2.500.
• Seagate declared a quarterly dividend of $0.72 per share, with an ex-dividend date of September 30th, representing an annual yield of 1.5%.

Representative Julie Johnson (D-Texas) recently sold shares of Seagate Technology Holdings PLC NASDAQ: STX. In a filing disclosed on September 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Seagate Technology stock on August 14th. The trade occurred in the Representative's "CHASE BROKERAGE ACCOUNT (3935)" account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Parker-Hannifin NYSE: PH on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Charles Schwab NYSE: SCHW on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 8/14/2025.
• Sold $1,001 - $15,000 in shares of ConocoPhillips NYSE: COP on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 8/14/2025.
• Sold $1,001 - $15,000 in shares of Dover NYSE: DOV on 8/14/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 8/14/2025.

Seagate Technology Stock Performance

Seagate Technology stock traded down $0.82 during trading hours on Friday, hitting $195.99. The company had a trading volume of 3,293,055 shares, compared to its average volume of 2,913,302. The firm has a market cap of $41.74 billion, a P/E ratio of 28.95, a P/E/G ratio of 1.21 and a beta of 1.53. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $199.24. The company has a 50-day moving average price of $159.75 and a two-hundred day moving average price of $121.86.

Seagate Technology (NASDAQ:STX - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.14. The company had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.40 billion. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The firm's quarterly revenue was up 29.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. As a group, equities research analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.5%. Seagate Technology's payout ratio is currently 42.54%.

Seagate Technology announced that its board has initiated a stock repurchase plan on Thursday, May 22nd that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the data storage provider to repurchase up to 21.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Insider Activity

In related news, EVP Ban Seng Teh sold 5,905 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $155.00, for a total transaction of $915,275.00. Following the completion of the transaction, the executive vice president owned 6,147 shares in the company, valued at $952,785. The trade was a 49.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jay L. Geldmacher sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $150.50, for a total transaction of $376,250.00. Following the transaction, the director owned 352 shares in the company, valued at $52,976. The trade was a 87.66% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,078 shares of company stock worth $8,561,503. Insiders own 0.81% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of STX. Cetera Investment Advisers raised its stake in shares of Seagate Technology by 3.8% during the 4th quarter. Cetera Investment Advisers now owns 55,069 shares of the data storage provider's stock worth $4,753,000 after acquiring an additional 2,038 shares in the last quarter. Focus Partners Wealth raised its stake in shares of Seagate Technology by 81.3% during the 4th quarter. Focus Partners Wealth now owns 14,457 shares of the data storage provider's stock worth $1,274,000 after acquiring an additional 6,483 shares in the last quarter. Gotham Asset Management LLC raised its stake in shares of Seagate Technology by 75.4% during the 4th quarter. Gotham Asset Management LLC now owns 45,138 shares of the data storage provider's stock worth $3,896,000 after acquiring an additional 19,399 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Seagate Technology by 2,853.4% during the 4th quarter. Janus Henderson Group PLC now owns 670,976 shares of the data storage provider's stock worth $57,925,000 after acquiring an additional 648,257 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of Seagate Technology by 12.3% during the 4th quarter. Lazard Asset Management LLC now owns 60,138 shares of the data storage provider's stock worth $5,189,000 after acquiring an additional 6,596 shares in the last quarter. Institutional investors own 92.87% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on STX shares. Barclays boosted their price objective on shares of Seagate Technology from $180.00 to $200.00 and gave the company an "equal weight" rating in a research report on Thursday. Citigroup boosted their price objective on shares of Seagate Technology from $167.00 to $215.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Wall Street Zen cut shares of Seagate Technology from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Bank of America upped their price target on shares of Seagate Technology from $145.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Susquehanna upped their price target on shares of Seagate Technology from $68.00 to $80.00 and gave the stock a "negative" rating in a research report on Wednesday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.11.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

About Seagate Technology

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.

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