Seagate Technology Holdings PLC (NASDAQ:STX) Receives $986.00 Average Target Price from Analysts

Seagate Technology Holdings PLC (NASDAQ:STX) has been assigned a consensus rating of “Moderate Buy” from the twenty-seven analysts that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, twenty-two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $986.00.

STX has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their target price on Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Loop Capital lifted their price target on Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a report on Friday, May 15th. China Renaissance boosted their price target on Seagate Technology from $802.00 to $983.00 in a research report on Friday, June 12th. Melius Research assumed coverage on Seagate Technology in a research note on Monday, June 29th. They set a “buy” rating and a $1,600.00 price objective for the company. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $1,350.00 price objective on shares of Seagate Technology in a research report on Wednesday, July 29th.

Key Seagate Technology News

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

• Positive Sentiment: Analysts raised Seagate’s fair-value estimate. New assumptions around hard-disk-drive pricing power, AI-driven storage demand, margins and cash generation lifted a reported fair-value estimate from $959.48 to $1,115.87, reinforcing the long-term bullish case for STX. Seagate Stock Fair Value Rises
• Positive Sentiment: STX remains a favored AI-growth stock. Seagate was included among highly ranked August growth ideas, with analysts citing continued AI infrastructure spending and demand for data-center storage. The company also recently exceeded quarterly EPS and revenue expectations and issued strong forward EPS guidance. Top-Ranked Growth Stocks for August
• Neutral Sentiment: An executive sale was disclosed. EVP John Christopher Morris sold 168 shares for about $137,000 under a pre-arranged Rule 10b5-1 trading plan. Because the transaction was scheduled in advance and represented only a 1.39% reduction in his holdings, it is a limited signal of management sentiment. Seagate Insider Sale
• Negative Sentiment: Sector guidance failed to meet elevated expectations. Western Digital beat quarterly estimates but its outlook disappointed investors, while Sandisk similarly failed to provide the “knockout” guidance the AI-memory trade has come to expect. Seagate, Micron, SK Hynix and Samsung consequently moved lower in sympathy. Why Western Digital Stock Is Sinking
• Negative Sentiment: High valuation increases sensitivity to sentiment. With STX trading at an elevated earnings multiple and carrying a beta of 2.06, investors may be particularly quick to lock in gains when peer guidance raises concerns about the pace or durability of AI-related storage demand.

Seagate Technology Stock Up 1.8%

NASDAQ:STX opened at $852.95 on Friday. Seagate Technology has a 1-year low of $144.75 and a 1-year high of $1,145.00. The company has a 50-day moving average of $896.05 and a 200 day moving average of $644.70. The firm has a market cap of $193.32 billion, a PE ratio of 61.45 and a beta of 2.06. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, beating the consensus estimate of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the business posted $2.59 EPS. The company’s quarterly revenue was up 48.5% compared to the same quarter last year. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, research analysts anticipate that Seagate Technology will post 33.08 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is currently 21.33%.

Insider Buying and Selling

In related news, EVP Ban Seng Teh sold 8,003 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $817.28, for a total transaction of $6,540,691.84. Following the completion of the transaction, the executive vice president owned 3,691 shares in the company, valued at $3,016,580.48. The trade was a 68.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $751.29, for a total transaction of $22,538,700.00. Following the completion of the sale, the chief executive officer owned 339,591 shares of the company’s stock, valued at approximately $255,131,322.39. This trade represents a 8.12% 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. In the last ninety days, insiders sold 149,638 shares of company stock worth $126,692,095. Insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Seagate Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its holdings in shares of Seagate Technology by 1,510.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock worth $553,125,000 after purchasing an additional 1,883,769 shares during the period. Norges Bank purchased a new stake in shares of Seagate Technology in the fourth quarter valued at approximately $498,363,000. Soroban Capital Partners LP raised its position in shares of Seagate Technology by 1,468.1% during the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock worth $204,602,000 after purchasing an additional 1,327,197 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Seagate Technology by 3,872.1% during the 1st quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider’s stock worth $378,985,000 after purchasing an additional 943,170 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Seagate Technology by 102.0% in the fourth quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider’s stock valued at $440,614,000 after purchasing an additional 807,962 shares during the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

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.