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

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

STX has been the topic of several research reports. JPMorgan Chase & Co. lifted their price objective 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. Loop Capital increased their target price on shares of Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a research note on Wednesday, June 24th. Argus lifted their price target on shares of Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Wells Fargo & Company upped their price objective on Seagate Technology from $1,100.00 to $1,180.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th.

Insider Activity

In related news, CFO Gianluca Romano sold 14,091 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $811.25, for a total value of $11,431,323.75. Following the sale, the chief financial officer directly owned 21,543 shares in the company, valued at approximately $17,476,758.75. The trade was a 39.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 20,657 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $910.48, for a total transaction of $18,807,785.36. Following the sale, the chief executive officer directly owned 320,860 shares in the company, valued at approximately $292,136,612.80. This trade represents a 6.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 193,765 shares of company stock valued at $166,634,842 in the last 90 days. Insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Seagate Technology

Large investors have recently modified their holdings of the business. Retirement Wealth Solutions LLC lifted its stake in shares of Seagate Technology by 70.6% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock valued at $28,000 after buying an additional 12 shares in the last quarter. Bridgewater Advisors Inc. grew its stake in Seagate Technology by 0.9% in the 1st quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider’s stock valued at $579,000 after buying an additional 13 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Seagate Technology by 23.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after acquiring an additional 15 shares during the period. Blalock Williams LLC raised its holdings in Seagate Technology by 2.6% during the 2nd quarter. Blalock Williams LLC now owns 636 shares of the data storage provider’s stock valued at $614,000 after acquiring an additional 16 shares during the period. Finally, Beaumont Financial Advisors LLC lifted its position in shares of Seagate Technology by 2.1% during the first quarter. Beaumont Financial Advisors LLC now owns 820 shares of the data storage provider’s stock worth $321,000 after acquiring an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology News Summary

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

• Positive Sentiment: Seagate’s management will participate in upcoming investor events, including The Six Five Summit: AI Unleashed 2026. Investors may look for updates on AI-related storage demand, product plans and hyperscaler relationships. Seagate to Participate in Upcoming Investor Events
• Positive Sentiment: Analyst coverage continues to emphasize Seagate’s potential as an indirect AI beneficiary. Expanding data-center workloads, high-capacity storage requirements and reported hyperscaler contracts through 2027 could support revenue growth. Prediction: Seagate Could Be One of AI’s Most Unexpected Winners
• Positive Sentiment: The company’s latest quarter exceeded expectations, with adjusted earnings of $5.71 per share versus a $5.10 consensus estimate and revenue of $3.63 billion versus $3.50 billion expected. Revenue increased 48.5% year over year, and management’s next-quarter EPS guidance of $7.10 to $7.50 points to continued momentum. Seagate Up 10.7% Since Last Earnings Report
• Positive Sentiment: Sell-side sentiment remains favorable, with a Moderate Buy consensus and an average price target of $986. Recent target increases from Citigroup, Wells Fargo, Argus and TD Cowen reflect confidence in Seagate’s earnings outlook and AI-linked demand.
• Neutral Sentiment: Seagate declared a quarterly dividend of $0.74 per share, or $2.96 annualized. The approximately 0.3% yield offers modest shareholder income but is unlikely to be a significant near-term catalyst.
• Neutral Sentiment: The stock has outperformed since earnings but remains volatile and trades below its 50-day moving average. Its high beta and premium earnings multiple leave it sensitive to profit-taking, interest-rate changes and broader technology-sector sentiment.
• Negative Sentiment: EVP James Ci Lee sold 9,013 shares worth approximately $7.16 million, reducing his direct position by 96.29%. The sale was made under a pre-arranged Rule 10b5-1 plan, which lessens its significance but may still weigh on investor sentiment. SEC filing for James Ci Lee stock sale

Seagate Technology Stock Performance

Shares of STX opened at $847.20 on Tuesday. The stock has a 50 day moving average of $875.70 and a 200 day moving average of $694.71. The company has a market capitalization of $192.02 billion, a price-to-earnings ratio of 61.04 and a beta of 2.06. Seagate Technology has a 12 month low of $163.86 and a 12 month high of $1,145.00. 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 (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping the consensus estimate of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the previous year, the firm earned $2.59 earnings per share. The business’s revenue was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, sell-side analysts forecast that Seagate Technology will post 35.7 earnings per share for the current year.

Seagate Technology Announces Dividend

The company also recently announced 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 dividend yield of 0.3%. Seagate Technology’s payout ratio is presently 21.33%.

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.