Seagate Technology (NASDAQ:STX) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Seagate Technology (NASDAQ:STX) from a strong-buy rating to a buy rating in a research note issued to investors on Sunday,Wall Street Zen reports.

Several other equities analysts have also recently weighed in on STX. Susquehanna raised their target price on shares of Seagate Technology from $775.00 to $875.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Bank of America increased their price objective on shares of Seagate Technology from $1,000.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a research report on Wednesday, June 24th. China Renaissance raised their price objective on Seagate Technology from $802.00 to $983.00 in a research report on Friday, June 12th. Finally, Mizuho lifted their target price on Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and a consensus price target of $986.00.

Seagate Technology Price Performance

NASDAQ STX opened at $849.28 on Friday. The stock’s 50 day moving average is $851.92 and its 200 day moving average is $711.74. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. Seagate Technology has a 12 month low of $183.02 and a 12 month high of $1,145.00. The stock has a market cap of $192.49 billion, a PE ratio of 61.19 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The company’s revenue was up 48.5% on a year-over-year basis. During the same period last year, the firm posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Research analysts predict that Seagate Technology will post 35.7 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be given a dividend of $0.74 per share. The ex-dividend date is Thursday, September 24th. This represents a $2.96 annualized dividend and a yield of 0.3%. Seagate Technology’s dividend payout ratio (DPR) is 21.33%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 30,000 shares of Seagate Technology stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $816.28, for a total value of $24,488,400.00. Following the completion of the transaction, the chief executive officer directly owned 295,168 shares of the company’s stock, valued at $240,939,735.04. This trade represents a 9.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP James Lee sold 9,013 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $794.84, for a total transaction of $7,163,892.92. Following the sale, the executive vice president owned 347 shares in the company, valued at $275,809.48. This represents a 96.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 191,765 shares of company stock valued at $161,865,249. Corporate insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Seagate Technology

Several large investors have recently modified their holdings of STX. Parkside Financial Bank & Trust raised its holdings in Seagate Technology by 3.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,872 shares of the data storage provider’s stock valued at $1,806,000 after buying an additional 65 shares during the period. Cornerstone Financial Management LLC lifted its position in Seagate Technology by 109.7% in the second quarter. Cornerstone Financial Management LLC now owns 65 shares of the data storage provider’s stock worth $63,000 after buying an additional 34 shares during the last quarter. Tucker Asset Management LLC purchased a new position in Seagate Technology during the second quarter worth $791,000. Advus Financial Partners LLC boosted its stake in Seagate Technology by 21.1% during the second quarter. Advus Financial Partners LLC now owns 2,059 shares of the data storage provider’s stock worth $1,987,000 after buying an additional 359 shares during the period. Finally, Groupe la Francaise increased its position in Seagate Technology by 18,576.9% during the second quarter. Groupe la Francaise now owns 4,856 shares of the data storage provider’s stock valued at $4,671,000 after acquiring an additional 4,830 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Seagate Technology News Roundup

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: A rally that began in NAND memory broadened across the storage complex, with Seagate benefiting alongside SK Hynix and other memory-linked companies. The strength suggests investors are increasing exposure to companies positioned to supply AI data centers and expanding storage capacity. SK Hynix Surges 7% as Memory Bid Widens Beyond NAND; Seagate Rallies 5%
• Positive Sentiment: The broader AI trade remained a leading market theme, supporting semiconductor and storage shares. Seagate’s recent results reinforce the bullish case: quarterly revenue rose 48.5% year over year to $3.63 billion, while EPS of $5.71 exceeded estimates and management guided to $7.10–$7.50 in fiscal first-quarter 2027 EPS. Memory, Other AI-Related Stocks Lead the Market’s Top Performers Friday
• Neutral Sentiment: Director Yolanda Lee Conyers sold 750 shares for approximately $611,000, but the transaction was executed under a pre-arranged Rule 10b5-1 plan. The sale is therefore a limited signal of changing insider sentiment.
• Negative Sentiment: CEO William Mosley separately sold 30,000 shares valued at approximately $24.5 million under a 10b5-1 plan. Although he retained a substantial stake, the sizable insider sale may weigh modestly on sentiment, particularly after STX’s strong run and elevated valuation.

Seagate Technology Company Profile

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.