Analysts Set Seagate Technology Holdings PLC (NASDAQ:STX) Target Price at $986.00

Shares of Seagate Technology Holdings PLC (NASDAQ:STX) have been given an average rating of “Moderate Buy” by the twenty-seven brokerages that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, twenty-two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $986.00.

A number of equities analysts recently weighed in on the stock. Bank of America boosted their price target on shares of Seagate Technology from $1,000.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Mizuho increased their price objective on Seagate Technology from $875.00 to $1,090.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. Rosenblatt Securities upped their price target on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Melius Research assumed coverage on shares of Seagate Technology in a research report on Monday, June 29th. They issued a “buy” rating and a $1,600.00 price objective on the stock. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $1,300.00 price objective on shares of Seagate Technology in a report on Wednesday, July 29th.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Investors are increasingly expecting agentic AI applications to drive substantial growth in cloud and data-center storage demand. Seagate’s mass-capacity hard drives could benefit as AI workloads generate and retain more data. Why Seagate Is Up After Agentic AI Hype Lifts Storage Demand Expectations
• Positive Sentiment: Seagate reportedly retired its 2028 notes, a move that reduces near-term refinancing obligations and could improve financial flexibility. Investors may now look for additional share buybacks, which could support earnings per share. Seagate Retired Its 2028 Notes
• Positive Sentiment: Seagate was included among technology companies viewed as beneficiaries of demand for integrated solutions and multi-cloud adoption, reinforcing the broader technology-sector tailwind. 4 Stocks to Buy From a Prospering Technology Solutions Industry
• Neutral Sentiment: Recent coverage highlights an unusually wide range of potential outcomes after STX surged from roughly $207 to above $1,100 over the past year. Analysts remain broadly constructive, but the stock’s future depends on sustained AI-driven demand and execution. Seagate Went From $207 to $1,144
• Negative Sentiment: Executive Vice President John Christopher Morris sold 9,354 shares worth approximately $8.2 million under a pre-arranged Rule 10b5-1 plan, reducing his direct holdings by 29.2%. The planned nature of the transaction lessens its significance, but repeated insider sales may still weigh on sentiment. Seagate Executive Sells Shares
• Negative Sentiment: At approximately 66 times earnings, STX carries a demanding valuation after its rapid rally. Any slowdown in storage demand, weaker pricing, or disappointment regarding AI-related growth could lead to heightened volatility.

Insider Buying and Selling

In other Seagate Technology news, CFO Gianluca Romano sold 49,984 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $772.16, for a total value of $38,595,645.44. Following the completion of the transaction, the chief financial officer directly owned 70,756 shares in the company, valued at approximately $54,634,952.96. This represents a 41.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP John Morris sold 9,354 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $877.91, for a total value of $8,211,970.14. Following the completion of the transaction, the executive vice president owned 22,693 shares of the company’s stock, valued at approximately $19,922,411.63. The trade was a 29.19% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 466,959 shares of company stock worth $378,615,011. Insiders own 0.51% of the company’s stock.

Institutional Trading of Seagate Technology

Several institutional investors have recently added to or reduced their stakes in STX. Geode Capital Management LLC raised its holdings in shares of Seagate Technology by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock valued at $1,343,683,000 after purchasing an additional 234,436 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Seagate Technology by 8.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock worth $879,338,000 after purchasing an additional 243,551 shares during the last quarter. Wellington Management Group LLP grew its position in Seagate Technology by 2,655.9% in the 2nd quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock worth $2,329,641,000 after purchasing an additional 2,326,538 shares during the period. Norges Bank bought a new stake in Seagate Technology in the 4th quarter worth approximately $498,363,000. Finally, Deutsche Bank AG raised its stake in Seagate Technology by 102.0% during the 4th quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider’s stock valued at $440,614,000 after buying 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 Price Performance

Shares of NASDAQ STX opened at $923.86 on Friday. Seagate Technology has a fifty-two week low of $209.00 and a fifty-two week high of $1,145.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. The firm’s 50-day simple moving average is $845.18 and its 200 day simple moving average is $753.25. The stock has a market cap of $210.08 billion, a price-to-earnings ratio of 66.56 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.10 by $0.61. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.Seagate Technology’s revenue was up 48.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.59 earnings per share. 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 35.7 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

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

About Seagate Technology

Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.

The company also offers solid-state drives (SSDs), external storage products, storage systems, and related data-management and recovery services.