Rep. Lisa C. McClain (R-MI) Sells Seagate Technology (STX) Stock

Rep. Lisa C. McClain, a Republican from Michigan's House of Representatives, sold shares of Seagate Technology Holdings plc (NasdaqGS: STX) valued between $15,001 and $50,000 on September 30, 2026. This transaction was disclosed in a periodic transaction report filed under the STOCK Act on October 12, 2026.

Other Institutional Activity in Seagate Technology

Blackrock Inc. grew its holdings in Seagate by 892,164 shares, ending with 15,166,793 shares worth about $9.7 billion. Vanguard Capital Management LLC added 474,221 shares, bringing its total to 14,630,067 shares valued at approximately $9.3 billion. State Street Corporation also increased its position by 590,058 shares, now holding 9,911,669 shares worth about $6.3 billion. Meanwhile, FMR, LLC trimmed its stake by 23,713 shares, resulting in 8,153,134 shares valued at roughly $5.2 billion. Vanguard Portfolio Management LLC reduced its holdings by 3,095,579 shares, now owning 7,999,686 shares worth about $5.1 billion.

Seagate Technology Holdings plc Stock Down 4.9%

The stock for Seagate Technology recently traded around $657.20, which is below its 50-day moving average of $845.93 and its 200-day average of $672.66. It also sits about 42.6% below its 52-week high of $1,145.00, although it remains 214.4% above its 52-week low of $209.00.

Recent Earnings

For the trailing twelve months, Seagate reported revenue of approximately $12.2 billion with a net margin of 26.1% and an impressive return on equity of 371.5%. The next earnings report is scheduled for October 27, 2026.

Insider Buying and Selling at Seagate Technology Holdings plc

Recent insider activity includes several sales on September 15, 2026. Chief Technology Officer John Christopher Morris sold 15,465 shares valued at approximately $11.9 million, while CEO William D. Mosley sold 97,889 shares worth about $75.6 million. Chief Financial Officer Gianluca Romano also sold 49,983 shares for around $38.6 million on the same day. Additionally, Morris sold another 9,354 shares on September 21, 2026.

Analysts Set New Price Targets

On July 29, 2026, Morgan Stanley maintained an Overweight rating with a target price of $1,187. JP Morgan also kept its Overweight rating, raising its target to $1,240. TD Cowen maintained a Buy rating with a target of $1,000. Argus Research kept its Buy rating, increasing the target to $900, while Barclays also maintained an Overweight rating with a target of $1,250. The consensus recommendation for the stock is a strong buy, with a mean price target of $1,138.33 based on 24 analyst opinions.

About Seagate Technology

Seagate Technology Holdings plc provides data storage solutions across the globe, including external and internal hard drives, solid-state drives, and various data storage systems. The company is headquartered in Singapore and operates internationally, serving a wide range of customers from individual users to large enterprises.

Bottom Line

Investors should watch for Seagate's upcoming earnings report on October 27, 2026, as well as any further disclosures from Rep. McClain regarding her stock transactions. The company's current trading position shows it is below key moving averages, which may impact investor sentiment.