Seagate Technology (NASDAQ:STX) CFO Gianluca Romano Sells 1,902 Shares

Key Points

• Seagate CFO Gianluca Romano sold 1,902 shares on May 7 at an average price of $770, totaling about $1.46 million. The sale was made under a pre-arranged Rule 10b5-1 plan, and Romano still held 40,945 shares afterward.
• STX stock rose 2.1% to $782.64, near its 52-week high of $802.13. Trading volume also came in above average, suggesting strong investor interest.
• Seagate recently reported strong quarterly results, with EPS of $4.10 and revenue of $3.11 billion, both beating analyst estimates. The company also lifted its Q4 2026 guidance and announced a quarterly dividend of $0.74 per share.

Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) CFO Gianluca Romano sold 1,902 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $770.00, for a total transaction of $1,464,540.00. Following the completion of the sale, the chief financial officer owned 40,945 shares of the company's stock, valued at approximately $31,527,650. This represents a 4.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, May 6th, Gianluca Romano sold 22,488 shares of Seagate Technology stock. The stock was sold at an average price of $774.22, for a total transaction of $17,410,659.36.

Seagate Technology Stock Up 2.1%

STX stock traded up $16.20 during trading on Friday, reaching $782.64. The stock had a trading volume of 4,851,226 shares, compared to its average volume of 4,280,698. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. The company has a market capitalization of $175.49 billion, a price-to-earnings ratio of 74.25 and a beta of 1.98. Seagate Technology Holdings PLC has a one year low of $95.63 and a one year high of $802.13. The company's 50 day moving average is $476.41 and its two-hundred day moving average is $369.68.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share 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 return on equity of 1,005.65% and a net margin of 21.60%.The company's revenue was up 44.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities research analysts forecast that Seagate Technology Holdings PLC will post 14.1 EPS for the current year.

Seagate Technology Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on STX. Citigroup increased their price target on shares of Seagate Technology from $595.00 to $740.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. Evercore boosted their target price on shares of Seagate Technology from $550.00 to $750.00 and gave the company an "outperform" rating in a research note on Wednesday, April 29th. Barclays raised their price target on shares of Seagate Technology from $625.00 to $750.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 29th. Rosenblatt Securities lifted their price target on shares of Seagate Technology from $500.00 to $1,000.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. Finally, Wedbush upped their price objective on Seagate Technology from $700.00 to $825.00 and gave the company an "outperform" rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus 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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Salomon & Ludwin LLC grew its stake in Seagate Technology by 124.4% in the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider's stock valued at $27,000 after buying an additional 51 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in shares of Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider's stock worth $27,000 after acquiring an additional 168 shares during the period. Armstrong Advisory Group Inc. purchased a new position in shares of Seagate Technology in the fourth quarter valued at $28,000. Avion Wealth raised its stake in shares of Seagate Technology by 343.5% during the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider's stock valued at $28,000 after purchasing an additional 79 shares during the period. Finally, Concord Wealth Partners bought a new stake in shares of Seagate Technology during the 4th quarter valued at $28,000. 92.87% of the stock is owned by institutional investors.

About Seagate Technology

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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