Rep. Kevin Hern (R-OK) Sells Seagate Technology (STX) Stock

Oklahoma Congressman Kevin Hern sold shares of Seagate Technology Holdings plc (STX) on September 15, 2026. The transaction was valued between $1,001 and $15,000. Hern is a Republican representing Oklahoma's 1st congressional district.

Inside Kevin Hern's Trade

The reported trade indicates Hern sold shares of Seagate Technology, which was recently priced at $657.20 on the NasdaqGS. The exact number of shares sold was not disclosed in the filing submitted on September 25, 2026.

Other Institutional Activity in Seagate Technology

Blackrock Inc. holds 15,166,793 shares of Seagate Technology, valued at about $9.83 billion, after increasing its position by 892,164 shares. Vanguard Capital Management LLC also has a significant stake, with 14,630,067 shares worth approximately $9.48 billion, boosted by 474,221 shares. State Street Corporation reported a position of 9,911,669 shares, valued at about $6.42 billion, with a recent increase of 590,058 shares. Meanwhile, FMR, LLC trimmed its holdings slightly, reducing its shares by 23,713, totaling 8,153,134 shares worth about $5.28 billion.

Seagate Technology Holdings plc Stock Down 4.9%

Seagate Technology closed at $657.20 on the day of Hern's trade, which is significantly below its recent high of $858.79. The stock has traded between a 52-week low of $209.00 and a high of $1,145.00. With its current price, the stock is performing well below the 50-day moving average of $842.67.

Recent Earnings

For the fiscal year ending June 30, 2026, Seagate Technology reported revenue of about $12.2 billion, reflecting a growth rate of 48.5%. The company posted an earnings per share (EPS) of $13.91 and a net margin of 26.1%. Investors are looking forward to the next earnings report, scheduled for October 27, 2026.

Analysts Set New Price Targets

On October 16, 2026, Wells Fargo maintained an 'Overweight' rating on Seagate Technology with a reduced price target of $865. Argus Research also maintained a 'Buy' rating with a price target of $900 on July 30, 2026. The consensus among analysts shows a mean price target of $1,125 from 23 opinions, indicating continued confidence in Seagate's growth potential.

About Seagate Technology

Seagate Technology Holdings plc specializes in data storage solutions, providing both internal and external hard drives, solid-state drives, and storage systems. With a significant presence in various countries, including Singapore and the United States, the company plays a crucial role in the tech industry, particularly amid rising demand for data storage.

Bottom Line

Investors will want to monitor Seagate's performance as the next earnings date approaches on October 27, 2026. Hern's recent stock sale is part of periodic disclosures required for members of Congress under the STOCK Act, reflecting past holdings rather than current positions. As with any filings, these 13F reports provide a glimpse into past trading activity and do not indicate ongoing intentions.