Seagate Technology (NASDAQ:STX) Shares Down 1.4% – What’s Next?

Seagate Technology Holdings PLC (NASDAQ:STX)’s stock price dropped 1.4% during mid-day trading on Monday . The stock traded as low as $786.00 and last traded at $800.99. 4,061,224 shares traded hands during trading, a decline of 9% from the average daily volume of 4,442,843 shares. The stock had previously closed at $812.76.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Seagate has quietly become a leading AI-storage beneficiary, with demand for mass-capacity drives helping its shares rise roughly 445% over the past year. Hyperscalers’ need to store AI-generated data could support additional growth. Prediction: This Storage Stock Could Be a Surprising AI Winner
• Positive Sentiment: Analysts point to Seagate’s strong fiscal 2026 finish, margin expansion and rising cash flow as potential support for further fiscal 2027 growth. The company’s latest quarter also exceeded earnings and revenue expectations, while management issued quarterly EPS guidance of $7.10-$7.50. Is Seagate’s Strong Margin and Cash Flow Momentum Sustainable?
• Positive Sentiment: Seagate’s nearline mass-capacity segment is benefiting from data-center expansion, multi-year capacity agreements and disciplined supply. Its build-to-order model, reported 52.7% non-GAAP gross margin and HAMR density gains could reinforce pricing power, with capacity reportedly allocated substantially through 2027. Seagate Technology: AI Runs On Disks Nobody Else Wants To Make
• Neutral Sentiment: Reported short interest was zero shares, suggesting no measurable short-covering catalyst; the data may reflect a reporting anomaly.
• Negative Sentiment: CFO Gianluca Romano sold shares in several transactions totaling more than $17 million. The sales reduced his direct holdings, although they were executed under a pre-arranged Rule 10b5-1 trading plan and therefore do not necessarily signal weakening company prospects. SEC insider transaction filing

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on STX. Melius Research began coverage on Seagate Technology in a research report on Monday, June 29th. They set a “buy” rating and a $1,600.00 target price on the stock. Loop Capital upped 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. The Goldman Sachs Group increased their price target on shares of Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. TD Cowen raised their price objective on shares of Seagate Technology from $850.00 to $1,000.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $1,350.00 price objective on shares of Seagate Technology in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $986.00.

Seagate Technology Stock Performance

The stock’s 50-day moving average price is $890.19 and its 200-day moving average price is $654.82. The company has a market capitalization of $197.96 billion, a price-to-earnings ratio of 62.93 and a beta of 2.06. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping analysts’ consensus estimates of $5.10 by $0.61. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The company’s revenue was up 48.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, equities research analysts expect that Seagate Technology Holdings PLC will post 34.42 earnings per share for the current 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 given a $0.74 dividend. The ex-dividend date is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. Seagate Technology’s dividend payout ratio (DPR) is currently 21.33%.

Insider Transactions at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 30,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 339,591 shares in the company, valued at approximately $255,131,322.39. This trade represents a 8.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 14,091 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $811.25, for a total transaction of $11,431,323.75. Following the completion of the sale, the chief financial officer directly owned 21,543 shares in the company, valued at $17,476,758.75. This trade represents a 39.54% 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. Insiders sold 164,292 shares of company stock valued at $138,378,957 in the last 90 days. 0.79% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. PFA Pension Forsikringsaktieselskab bought a new stake in Seagate Technology in the fourth quarter valued at $23,882,000. New York State Teachers Retirement System lifted its position in Seagate Technology by 5.0% in the 4th quarter. New York State Teachers Retirement System now owns 187,044 shares of the data storage provider’s stock valued at $51,510,000 after purchasing an additional 8,991 shares during the last quarter. Praxis Investment Management Inc. lifted its position in Seagate Technology by 56.5% in the 4th quarter. Praxis Investment Management Inc. now owns 6,615 shares of the data storage provider’s stock valued at $1,822,000 after purchasing an additional 2,389 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Seagate Technology by 85.9% during the 1st quarter. NewEdge Advisors LLC now owns 22,046 shares of the data storage provider’s stock valued at $8,637,000 after purchasing an additional 10,190 shares during the period. Finally, Caprock Group LLC grew its position in Seagate Technology by 25.3% in the 4th quarter. Caprock Group LLC now owns 18,248 shares of the data storage provider’s stock worth $5,043,000 after purchasing an additional 3,680 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

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.