Seagate Technology Holdings PLC (NASDAQ:STX) Given Consensus Rating of “Moderate Buy” by Brokerages

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

Several research firms have weighed in on STX. Wall Street Zen upgraded shares of Seagate Technology from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Argus boosted their price target on shares of Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Fox Advisors downgraded shares of Seagate Technology from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. Wedbush increased their price objective on Seagate Technology from $825.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $1,300.00 price target on shares of Seagate Technology in a report on Wednesday, July 29th.

Seagate Technology Trading Down 2.1%

Shares of NASDAQ STX opened at $829.76 on Tuesday. 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 $163.86 and a one year high of $1,145.00. The business has a 50-day moving average price of $870.89 and a two-hundred day moving average price of $695.65. The firm has a market capitalization of $188.07 billion, a PE ratio of 59.78 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. The company had revenue of $3.63 billion for 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%.The firm’s quarterly revenue was up 48.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, analysts predict that Seagate Technology will post 35.7 earnings per share 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. Investors of record on Thursday, September 24th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is presently 21.33%.

Insider Buying and Selling

In other news, EVP Ban Seng Teh sold 9,862 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $852.97, for a total transaction of $8,411,990.14. Following the transaction, the executive vice president owned 5,210 shares in the company, valued at $4,443,973.70. This represents a 65.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP James Ci Lee sold 9,013 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $794.84, for a total transaction of $7,163,892.92. Following the transaction, the executive vice president owned 347 shares in the company, valued at $275,809.48. This represents a 96.29% 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. Over the last three months, insiders sold 193,765 shares of company stock valued at $166,634,842. 0.79% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of STX. PFA Pension Forsikringsaktieselskab acquired a new stake in Seagate Technology in the fourth quarter valued at $23,882,000. New York State Teachers Retirement System increased its holdings in shares of Seagate Technology by 5.0% during the 4th quarter. New York State Teachers Retirement System now owns 187,044 shares of the data storage provider’s stock worth $51,510,000 after acquiring an additional 8,991 shares during the last quarter. Praxis Investment Management Inc. raised its stake 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 acquiring an additional 2,389 shares during the period. NewEdge Advisors LLC raised its stake in Seagate Technology by 85.9% in the 1st quarter. NewEdge Advisors LLC now owns 22,046 shares of the data storage provider’s stock valued at $8,637,000 after acquiring an additional 10,190 shares during the period. Finally, GLOBALT Investments LLC GA lifted its holdings in Seagate Technology by 820.8% during the 4th quarter. GLOBALT Investments LLC GA now owns 9,760 shares of the data storage provider’s stock valued at $2,688,000 after purchasing an additional 8,700 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Key Seagate Technology News

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

• Positive Sentiment: One bullish analysis argues that the pullback creates an attractive entry point, with strong hyperscaler demand, increasing adoption of Seagate’s heat-assisted magnetic recording (HAMR) technology and improving margins supporting continued earnings growth. The article estimates as much as 36% potential upside. Seagate buy-the-dip analysis
• Positive Sentiment: NVIDIA’s strong quarterly results and continuing AI infrastructure spending were cited as potential catalysts for storage companies, including STX. Rising data-center workloads could increase demand for Seagate’s high-capacity hard drives. Zacks storage stocks analysis
• Positive Sentiment: Seagate accepted Change Agents Corporation into its partner program, expanding access to its AI infrastructure ecosystem. The announcement is strategically supportive, although the immediate financial contribution is not disclosed. Seagate Partner Program announcement
• Neutral Sentiment: Management’s upcoming investor appearances, including The Six Five Summit: AI Unleashed 2026, could provide additional details on AI-related products, partnerships and demand, but no new financial guidance was announced. Six Five Summit presentation
• Negative Sentiment: A more cautious Seeking Alpha view says it is not yet time to be aggressive, warning that consolidation may continue after STX’s major run-up. The stock’s elevated valuation and high volatility leave it vulnerable to profit-taking if growth expectations moderate. Seagate consolidation analysis
• Negative Sentiment: Executive James Ci Lee sold 9,013 shares worth approximately $7.16 million, reducing his direct position by more than 96%. The sale occurred under a pre-arranged Rule 10b5-1 plan, which limits its value as a discretionary bearish signal but may still weigh on sentiment. SEC insider sale filing

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.