Seagate Technology Holdings PLC (NASDAQ:STX) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts remain bullish: Twenty-two of 27 analysts rate Seagate a “buy” and one rates it a “strong buy,” resulting in a consensus “Moderate Buy” rating. The average 12-month price target is $986.
• Strong quarterly performance: Seagate reported adjusted EPS of $5.71, beating estimates by $0.61, while revenue rose 48.5% year over year to $3.63 billion. The company guided to fiscal Q1 2027 EPS of $7.10–$7.50.
• Shares and insiders under pressure: The stock opened at $794.65, down 6.5%, amid broader technology-sector weakness. Executives have sold substantial amounts of stock, including roughly $159.5 million in insider sales over the past 90 days, although some transactions were executed under 10b5-1 trading plans.

Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) has been given an average rating of "Moderate Buy" by the twenty-seven research firms that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $986.00.

Several analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Rosenblatt Securities lifted their price objective on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Bank of America boosted their price objective on shares of Seagate Technology from $1,000.00 to $1,150.00 and gave the stock a "buy" rating in a research note on Wednesday, July 1st. Barclays upped their target price on shares of Seagate Technology from $1,000.00 to $1,250.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Finally, 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.

Insider Transactions at Seagate Technology

In related news, EVP James Ci Lee sold 3,939 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $849.35, for a total transaction of $3,345,589.65. Following the transaction, the executive vice president directly owned 1,191 shares of the company's stock, valued at approximately $1,011,575.85. The trade was a 76.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Christopher Morris sold 3,516 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $849.35, for a total value of $2,986,314.60. Following the completion of the sale, the executive vice president owned 12,805 shares in the company, valued at approximately $10,875,926.75. This trade represents a 21.54% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 184,752 shares of company stock valued at $159,470,949. Company insiders own 0.79% of the company's stock.

Hedge Funds Weigh In On Seagate Technology

Several institutional investors and hedge funds have recently modified their holdings of STX. Integrated Wealth Concepts LLC boosted its holdings in shares of Seagate Technology by 168.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider's stock worth $610,000 after buying an additional 4,499 shares during the period. Sivia Capital Partners LLC acquired a new position in Seagate Technology in the 2nd quarter valued at about $262,000. Cerity Partners LLC raised its holdings in Seagate Technology by 25.8% in the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider's stock valued at $5,294,000 after acquiring an additional 7,517 shares during the period. Sei Investments Co. raised its holdings in Seagate Technology by 64.8% in the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider's stock valued at $1,233,000 after acquiring an additional 3,358 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in Seagate Technology by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider's stock worth $18,458,000 after acquiring an additional 462 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Stock Down 6.5%

STX stock opened at $794.65 on Tuesday. The company has a market cap of $180.11 billion, a price-to-earnings ratio of 57.25 and a beta of 2.06. Seagate Technology has a twelve month low of $158.68 and a twelve month high of $1,145.00. The business has a 50 day moving average price of $888.74 and a two-hundred day moving average price of $685.82. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The company had revenue of $3.63 billion for the quarter, compared to analysts' expectations of $3.50 billion. During the same quarter in the prior year, the business posted $2.59 EPS. The business's 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. Analysts anticipate that Seagate Technology will post 34.42 EPS for the current fiscal year.

Seagate Technology Announces Dividend

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 paid a $0.74 dividend. The ex-dividend date is Thursday, September 24th. This represents a $2.96 annualized dividend and a yield of 0.4%. Seagate Technology's dividend payout ratio is currently 21.33%.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Several executive transactions, including sales by EVP John Christopher Morris and EVP Ban Seng Teh, were conducted under pre-arranged Rule 10b5-1 trading plans. This may reduce the extent to which the sales are interpreted as discretionary signals about Seagate’s near-term outlook.
• Neutral Sentiment: Seagate’s CEO William D. Mosley sold 18,138 shares for approximately $15.4 million, reducing his direct ownership by 5.73%. He still held 298,483 shares after the transaction. SEC filing for CEO stock sale
• Neutral Sentiment: CFO Gianluca Romano sold 9,076 shares for approximately $7.7 million, cutting his direct holdings by 28.30%, but retained 22,997 shares. SEC filing for CFO stock sale
• Negative Sentiment: Multiple insiders sold shares within two trading days at prices around $836 to $853. The transactions totaled roughly $38.4 million and included substantial reductions in holdings by several executive vice presidents, potentially weighing on sentiment. Seagate Technology slides amid broader tech sector weakness
• Negative Sentiment: The immediate broader-market catalyst was weakness across the technology sector, which pressured Seagate along with other high-beta technology stocks. The company’s elevated valuation and beta may amplify the impact of sector-wide selling.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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