Seagate Technology Holdings PLC (NASDAQ:STX) Stock Has Average Price Target of $1,000.88

Seagate Technology Holdings PLC (NASDAQ:STX) has earned an average recommendation of “Moderate Buy” from the twenty-eight ratings firms that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $1,000.88.

A number of equities analysts have recently commented on STX shares. Cantor Fitzgerald cut their price objective on Seagate Technology from $1,300.00 to $1,000.00 and set an “overweight” rating on the stock in a report on Monday, October 26th. Susquehanna reduced their price target on shares of Seagate Technology from $925.00 to $765.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 28th. Sanford C. Bernstein reiterated an “outperform” rating and set a $1,350.00 price objective on shares of Seagate Technology in a research note on Wednesday, July 29th. UBS Group reissued a “buy” rating on shares of Seagate Technology in a research report on Monday, November 2nd. Finally, Argus raised their target price on shares of Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 30th.

Insider Transactions at Seagate Technology

In other news, CEO William D. Mosley sold 6,720 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $622.82, for a total value of $4,185,350.40. Following the completion of the transaction, the chief executive officer directly owned 346,108 shares in the company, valued at approximately $215,562,984.56. This represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Morris sold 2,675 shares of the firm’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $650.15, for a total transaction of $1,739,151.25. Following the transaction, the executive vice president directly owned 20,933 shares of the company’s stock, valued at approximately $13,609,589.95. This represents a 11.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 447,108 shares of company stock worth $356,049,743 in the last quarter. 0.51% of the stock is owned by corporate insiders.

Institutional Trading of Seagate Technology

Several institutional investors have recently modified their holdings of STX. Signature Equity Partners LLC raised its position in shares of Seagate Technology by 383.3% during the third quarter. Signature Equity Partners LLC now owns 29 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 23 shares during the period. Retirement Wealth Solutions LLC increased its position in shares of Seagate Technology by 70.6% in the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 12 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Seagate Technology by 23.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after acquiring an additional 15 shares during the period. WealthCollab LLC raised its holdings in shares of Seagate Technology by 27.4% during the first quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock valued at $36,000 after acquiring an additional 20 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Seagate Technology in the 1st quarter valued at approximately $39,000. Institutional investors and hedge funds 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: Seagate launched the FireCuda Forge, an external drive using its new Alkemi intelligent storage platform. The company says dynamic caching is designed to combine SSD-like responsiveness with HDD capacity, targeting gamers and content creators. The launch expands its product offering, though its effect on revenue is not yet clear. Seagate FireCuda Forge announcement
• Positive Sentiment: A Morgan Stanley outlook cited strong fundamentals despite weak investor sentiment and maintained a $1,148 price target, suggesting substantial potential upside in the analyst’s view. The article also noted STX had dropped about 15% over the prior week, highlighting volatility and the gap between recent performance and that bullish forecast. Morgan Stanley outlook on Seagate
• Positive Sentiment: Recent coverage points to record first-quarter fiscal 2027 profit and rising earnings estimates for fiscal 2027 and 2028. Continued AI-related storage demand is a potential growth driver, although expectations are already an important part of the investment case. Seagate earnings and AI storage demand
• Neutral Sentiment: A short-interest report describes a large increase but gives the total short interest as zero shares, an internally inconsistent figure that offers no dependable signal about investor positioning.
• Negative Sentiment: STX has recently been volatile and faced a sharp pullback, which may keep near-term sentiment fragile even as analysts point to strong fundamentals. The new product announcement does not yet establish how much near-term earnings it could generate.

Seagate Technology Stock Down 0.9%

Shares of NASDAQ STX opened at $501.62 on Friday. Seagate Technology has a 52-week low of $228.61 and a 52-week high of $1,145.00. The firm has a fifty day moving average of $756.58 and a 200-day moving average of $695.40. The stock has a market capitalization of $115.15 billion, a PE ratio of 26.35 and a beta of 2.16. The company has a quick ratio of 1.25, a current ratio of 1.82 and a debt-to-equity ratio of 0.68.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, October 27th. The data storage provider reported $7.68 earnings per share for the quarter, topping the consensus estimate of $7.44 by $0.24. Seagate Technology had a return on equity of 252.47% and a net margin of 31.86%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the company posted $2.61 EPS. The business’s quarterly revenue was up 61.0% on a year-over-year basis. On average, analysts anticipate that Seagate Technology will post 37.96 EPS for the current year.

Seagate Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Wednesday, December 23rd will be given a dividend of $0.76 per share. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Wednesday, December 23rd. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. Seagate Technology’s dividend payout ratio is currently 15.97%.

Seagate Technology Company Profile

Seagate Technology develops and supplies data-storage products and solutions for businesses and consumers. Its portfolio includes hard disk drives (HDDs), solid-state drives, and storage systems designed for applications ranging from personal computing to large-scale data centers. The company’s products support cloud and enterprise storage, network-attached storage, video surveillance, gaming, and other uses that require digital data to be stored and accessed. Seagate also offers data-management and storage services through its Lyve platform.