Seagate Technology Holdings PLC (STX) - What Are Investment Firms Saying About This Stock?

Key Points

• Analyst sentiment is bullish: Twenty-two of 27 analysts rate Seagate a buy, producing a “Moderate Buy” consensus and an average 12-month price target of $986, despite recent target revisions ranging as high as $1,600.
• Strong operating momentum and a near-term catalyst support the outlook: Seagate beat its latest quarterly EPS and revenue estimates, with revenue up 48.5% year over year, and will report fiscal first-quarter 2027 results on October 27 with EPS guidance of $7.10–$7.50.
• Valuation and volatility remain key risks: The stock has pulled back from its $1,145 high and trades at a P/E above 53, while reports of Chinese memory-design progress could intensify competition and pressure storage pricing. Insiders have also sold roughly $379 million of shares over the past three months, although some transactions were tied to tax obligations or pre-arranged plans.

Shares of Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) have received a consensus rating of "Moderate Buy" from the twenty-seven analysts that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $986.00.

A number of equities research analysts have recently issued reports on the stock. Wedbush boosted their price target on shares of Seagate Technology from $825.00 to $1,000.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Barclays raised their price objective on shares of Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. TD Cowen lifted their price objective on shares of Seagate Technology from $850.00 to $1,000.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Melius Research started coverage on shares of Seagate Technology in a research report on Monday, June 29th. They set a "buy" rating and a $1,600.00 price objective on the stock. Finally, Argus boosted 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.

More Seagate Technology News

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

• Positive Sentiment: Analysts have reportedly maintained their earnings estimates despite Seagate’s sharp recent pullback, while the average price target remains substantially above the current trading level. That suggests some investors continue to see upside if cloud, AI and data-center storage demand remains strong. Rapid Growth, High Volatility, and Near 50% Upside Confound Seagate Technology Investors
• Positive Sentiment: Seagate will report fiscal first-quarter 2027 results after the U.S. market closes on October 27, followed by an investor conference call. The event could provide a near-term catalyst, particularly because the company has issued quarterly EPS guidance of $7.10 to $7.50. Seagate Technology to Report Fiscal First Quarter 2027 Financial Results on October 27, 2026
• Neutral Sentiment: Long-term investor interest remains tied to Seagate’s role in supplying mass-capacity hard drives for cloud and AI data centers. However, the stock’s exceptionally large multiyear gain and high volatility have raised questions about how much of its valuation reflects future growth rather than current revenue expansion. Where Did Seagate Stock's Gains Really Come From?
• Negative Sentiment: Reports of Chinese memory-design progress pressured Seagate and Western Digital along with chipmakers, as investors worried that improved supply or tougher competition could weaken pricing and reduce the scarcity premium across the storage complex. The selling reflects sector contagion more than a direct change to Seagate’s core hard-drive business. Seagate and Western Digital Shares Plummet, What You Need To Know

Insiders Place Their Bets

In related news, CEO William D. Mosley sold 97,889 shares of the company's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $772.14, for a total transaction of $75,584,012.46. Following the transaction, the chief executive officer directly owned 378,108 shares of the company's stock, valued at approximately $291,952,311.12. The trade was a 20.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Ban Teh sold 52,730 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $782.08, for a total value of $41,239,078.40. Following the completion of the sale, the executive vice president directly owned 5,810 shares of the company's stock, valued at approximately $4,543,884.80. This represents a 90.08% 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. Over the last three months, insiders have sold 466,959 shares of company stock worth $378,840,741. 0.51% of the stock is owned by corporate insiders.

Institutional Trading of Seagate Technology

A number of hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP grew its position in Seagate Technology by 2,655.9% during the second quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider's stock valued at $2,329,641,000 after purchasing an additional 2,326,538 shares in the last quarter. National Pension Service lifted its position in Seagate Technology by 0.8% in the 2nd quarter. National Pension Service now owns 834,705 shares of the data storage provider's stock worth $805,490,000 after buying an additional 6,944 shares in the last quarter. Janus Henderson Group PLC lifted its position in Seagate Technology by 3,872.1% in the 1st quarter. Janus Henderson Group PLC now owns 967,528 shares of the data storage provider's stock worth $378,985,000 after buying an additional 943,170 shares in the last quarter. Amundi boosted its stake in shares of Seagate Technology by 32.2% during the 1st quarter. Amundi now owns 965,565 shares of the data storage provider's stock valued at $378,267,000 after buying an additional 235,359 shares during the period. Finally, Swedbank AB boosted its stake in shares of Seagate Technology by 67.6% during the 1st quarter. Swedbank AB now owns 709,160 shares of the data storage provider's stock valued at $277,821,000 after buying an additional 285,949 shares during the period. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Price Performance

STX stock opened at $747.20 on Wednesday. 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 one year low of $209.00 and a one year high of $1,145.00. The firm has a market capitalization of $169.91 billion, a PE ratio of 53.83 and a beta of 2.06. The firm has a 50-day moving average of $851.58 and a two-hundred day moving average of $798.06.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, topping the consensus estimate of $5.10 by $0.61. The company had revenue of $3.63 billion during the quarter, compared to analysts' expectations of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The business's revenue for the quarter was up 48.5% on a year-over-year basis. During the same period last year, the company posted $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, analysts forecast that Seagate Technology will post 35.70 earnings per share for the current year.

Seagate Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was 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 designs, manufactures and supplies solutions for storing, managing and accessing digital information. Its product portfolio is centered on hard disk drives (HDDs), including high-capacity drives used in cloud data centers, enterprise environments, surveillance systems, network-attached storage and personal computing.

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

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