Seagate Technology (NASDAQ:STX) Shares Up 2.2% – Time to Buy?

Shares of Seagate Technology Holdings PLC (NASDAQ:STX) traded up 2.2% during trading on Monday . The stock traded as high as $914.82 and last traded at $877.33. Approximately 4,181,121 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 4,345,278 shares. The stock had previously closed at $858.79.

Seagate Technology News Summary

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

• Positive Sentiment: Agentic AI is lifting storage-demand expectations. Investors increasingly expect AI agents and data-center expansion to generate substantially more data, supporting demand for Seagate’s high-capacity hard-disk drives and other storage products. Why Seagate Is Up After Agentic AI Hype Lifts Storage Demand Expectations
• Positive Sentiment: Debt retirement could improve capital returns. Seagate reportedly retired its 2028 notes, potentially reducing future interest obligations and creating more flexibility for share repurchases. Buybacks could support earnings per share if management proceeds, though the timing and size have not been specified. Seagate Retired Its 2028 Notes. Buybacks Are Next
• Positive Sentiment: Fundamentals and industry sentiment remain favorable. Seagate’s latest reported quarter exceeded earnings and revenue estimates, with revenue up 48.5% year over year. Its Q1 fiscal 2027 EPS guidance of $7.10 to $7.50 and positive views on integrated, multi-cloud technology solutions reinforce the bullish case. 4 Stocks to Buy From a Prospering Technology Solutions Industry
• Neutral Sentiment: Analyst expectations are generally bullish but varied. Seagate has a consensus “Moderate Buy” rating, while published targets range from roughly $986 to $1,400. Some bullish commentary projects considerably greater upside, but those estimates imply significant assumptions about sustained AI demand.
• Negative Sentiment: Valuation and insider selling are risks. Shares trade at about 66 times earnings after a major rally, leaving less room for execution disappointments. Executive Vice President John Christopher Morris sold 9,354 shares worth approximately $8.2 million, reducing his direct stake by 29.2%; the sale was conducted under a pre-arranged Rule 10b5-1 plan, which reduces its signal as discretionary bearish trading.

Analyst Ratings Changes

STX has been the subject of a number of research reports. Melius Research assumed coverage on shares of Seagate Technology in a research report on Monday, June 29th. They set a “buy” rating and a $1,600.00 target price for the company. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $1,350.00 price target on shares of Seagate Technology in a research report on Wednesday, July 29th. Wells Fargo & Company lifted 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. China Renaissance boosted their price objective on Seagate Technology from $802.00 to $983.00 in a report on Friday, June 12th. Finally, Barclays upped their target price on 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $986.00.

Seagate Technology Trading Up 0.5%

The company has a market cap of $210.18 billion, a price-to-earnings ratio of 66.45 and a beta of 2.06. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The company’s 50-day moving average is $843.27 and its 200 day moving average is $749.33.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data 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. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the firm posted $2.59 earnings per share. The company’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. Research analysts predict that Seagate Technology Holdings PLC will post 35.7 EPS for the current year.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be given a dividend of $0.74 per share. The ex-dividend date is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. Seagate Technology’s dividend payout ratio is currently 21.33%.

Insiders Place Their Bets

In other Seagate Technology news, CFO Gianluca Romano sold 49,984 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $772.16, for a total value of $38,595,645.44. Following the sale, the chief financial officer directly owned 70,756 shares of the company’s stock, valued at approximately $54,634,952.96. This trade represents a 41.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP John Morris sold 9,354 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $877.91, for a total value of $8,211,970.14. Following the completion of the sale, the executive vice president owned 22,693 shares of the company’s stock, valued at $19,922,411.63. This trade represents a 29.19% 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 sold a total of 466,959 shares of company stock valued at $378,615,011 in the last three months. 0.51% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Seagate Technology

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in shares of Seagate Technology by 2,655.9% in 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 during the period. Norges Bank acquired a new stake in Seagate Technology during the 4th quarter worth approximately $498,363,000. Janus Henderson Group PLC boosted 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 valued at $378,985,000 after buying an additional 943,170 shares during the period. Deutsche Bank AG boosted its position in Seagate Technology by 102.0% in the 4th quarter. Deutsche Bank AG now owns 1,599,962 shares of the data storage provider’s stock valued at $440,614,000 after buying an additional 807,962 shares during the period. Finally, National Pension Service grew its stake in shares of Seagate Technology by 298.7% in the fourth quarter. National Pension Service now owns 997,223 shares of the data storage provider’s stock worth $274,625,000 after acquiring an additional 747,102 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

About Seagate Technology

Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.

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