Seagate Technology Holdings PLC (NASDAQ:STX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Seagate Technology Holdings PLC (NASDAQ:STX) have received a consensus rating of “Moderate Buy” from the twenty-five research firms that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and nineteen have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $461.00.

A number of research firms have recently commented on STX. Robert W. Baird increased their target price on shares of Seagate Technology from $270.00 to $505.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Citigroup lifted their price target on shares of Seagate Technology from $460.00 to $480.00 and gave the company a “buy” rating in a report on Friday, February 6th. Evercore upped their price objective on shares of Seagate Technology from $330.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Rosenblatt Securities increased their price objective on shares of Seagate Technology from $370.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Finally, KeyCorp set a $500.00 target price on shares of Seagate Technology in a research report on Wednesday, January 28th.

Seagate Technology Stock Performance

Shares of STX opened at $429.36 on Friday. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. Seagate Technology has a 52-week low of $63.19 and a 52-week high of $459.84. The firm has a market cap of $93.63 billion, a price-to-earnings ratio of 48.57, a PEG ratio of 0.95 and a beta of 1.61. The business’s fifty day moving average is $404.33 and its 200-day moving average is $313.88.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.34. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the company earned $2.03 EPS. Seagate Technology’s revenue for the quarter was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities analysts anticipate that Seagate Technology will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be issued a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $2.96 annualized dividend and a dividend yield of 0.7%. Seagate Technology’s dividend payout ratio (DPR) is 33.48%.

Insider Buying and Selling at Seagate Technology

In other news, EVP Ban Seng Teh sold 20,195 shares of Seagate Technology stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the sale, the executive vice president directly owned 3,092 shares of the company’s stock, valued at approximately $1,367,560.68. This trade represents a 86.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP James Ci Lee sold 673 shares of the business’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $348.85, for a total value of $234,776.05. Following the sale, the executive vice president owned 257 shares in the company, valued at approximately $89,654.45. This trade represents a 72.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 113,635 shares of company stock worth $47,133,843 over the last three months. 0.79% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Seagate Technology

Hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC increased its position in Seagate Technology by 97.9% in the 4th quarter. Hsbc Holdings PLC now owns 172,331 shares of the data storage provider’s stock valued at $47,579,000 after acquiring an additional 85,246 shares during the period. Stance Capital LLC acquired a new position in shares of Seagate Technology during the fourth quarter worth $2,288,000. World Investment Advisors grew its stake in shares of Seagate Technology by 1.9% in the fourth quarter. World Investment Advisors now owns 11,832 shares of the data storage provider’s stock worth $3,258,000 after purchasing an additional 226 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of Seagate Technology by 18.8% in the fourth quarter. Corient Private Wealth LLC now owns 35,378 shares of the data storage provider’s stock worth $9,745,000 after purchasing an additional 5,590 shares during the last quarter. Finally, Pure Financial Advisors LLC increased its holdings in Seagate Technology by 8.6% in the fourth quarter. Pure Financial Advisors LLC now owns 1,201 shares of the data storage provider’s stock valued at $331,000 after purchasing an additional 95 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

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.