Brokerages Set Seagate Technology Holdings PLC (NASDAQ:STX) PT at $880.52

Seagate Technology Holdings PLC (NASDAQ:STX) has been given an average rating of “Moderate Buy” by the twenty-seven analysts that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and twenty-two have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $894.92.

STX has been the subject of a number of research analyst reports. UBS Group lifted their target price on Seagate Technology from $515.00 to $545.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Morgan Stanley raised their price target on Seagate Technology from $767.00 to $1,035.00 and gave the company an “overweight” rating in a research note on Monday, June 15th. Wall Street Zen upgraded Seagate Technology from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. TD Cowen upped their price objective on shares of Seagate Technology from $500.00 to $850.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Susquehanna increased their target price on shares of Seagate Technology from $615.00 to $775.00 and gave the stock a “neutral” rating in a report on Wednesday.

Insider Buying and Selling at Seagate Technology

In related news, CFO Gianluca Romano sold 22,488 shares of Seagate Technology stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $774.22, for a total transaction of $17,410,659.36. Following the transaction, the chief financial officer directly owned 42,847 shares of the company’s stock, valued at $33,173,004.34. This trade represents a 34.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 8,003 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $817.28, for a total transaction of $6,540,691.84. Following the completion of the transaction, the executive vice president directly owned 3,691 shares of the company’s stock, valued at $3,016,580.48. This trade represents a 68.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 151,069 shares of company stock valued at $126,191,753 in the last ninety days. Company insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Seagate Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of Seagate Technology by 1.0% in the 4th quarter. State Street Corp now owns 9,370,805 shares of the data storage provider’s stock valued at $2,587,535,000 after buying an additional 94,527 shares in the last quarter. Morgan Stanley lifted its position in Seagate Technology by 5.1% during the fourth quarter. Morgan Stanley now owns 5,317,516 shares of the data storage provider’s stock valued at $1,464,391,000 after acquiring an additional 258,151 shares during the last quarter. Geode Capital Management LLC lifted its position in Seagate Technology by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock valued at $1,343,683,000 after acquiring an additional 234,436 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Seagate Technology by 8.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,193,063 shares of the data storage provider’s stock valued at $879,338,000 after acquiring an additional 243,551 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Seagate Technology by 1,510.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock worth $553,125,000 after purchasing an additional 1,883,769 shares during the last quarter. Hedge funds and other 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: Wells Fargo upgraded Seagate to Overweight from Equal Weight and lifted its price target to $1,100 from $900, citing stronger confidence in long-term earnings power and continued hard-disk-drive demand tied to AI infrastructure. Seagate Stock Rises After Analyst Upgrades To Buy. Western Digital Nabs Price-Target Hike.
• Positive Sentiment: Multiple market updates highlighted Seagate as a beneficiary of the AI data-center buildout, with commentary pointing to rising storage demand, margin expansion, and potential upside from HAMR technology and cloud spending. Cloud Giants Record $1.1T RPO: A Growth Catalyst for Seagate?
• Positive Sentiment: Seagate was also mentioned in broader analyst roundups as one of the names with improving Wall Street forecasts, reinforcing sentiment that the stock still has room to run after its recent rebound. Here Are Friday’s Best Wall Street Analyst Research Calls
• Neutral Sentiment: Recent articles also framed Seagate as part of a broader rebound in memory and storage stocks, alongside peers like Western Digital and Micron, after a sector selloff reversed. This supports the stock, but the move appears driven more by sector momentum than by a company-specific fundamental update. Seagate (STX) Stock Rebounds As AI Data Center Demand Lifts Storage Names

Seagate Technology Trading Up 2.3%

Shares of NASDAQ:STX traded up $20.25 during trading on Monday, reaching $910.34. 4,047,468 shares of the company were exchanged, compared to its average volume of 4,779,144. The firm has a market capitalization of $204.13 billion, a PE ratio of 86.37 and a beta of 2.04. The business’s fifty day simple moving average is $880.60 and its 200-day simple moving average is $570.72. Seagate Technology has a 12-month low of $138.30 and a 12-month high of $1,145.00. The company has a debt-to-equity ratio of 3.16, a current ratio of 1.33 and a quick ratio of 0.85.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the previous year, the business earned $1.90 earnings per share. Seagate Technology’s quarterly revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, research analysts anticipate that Seagate Technology will post 14.14 EPS for the current year.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, June 24th. Seagate Technology’s dividend payout ratio is presently 28.08%.

Seagate Technology Company Profile

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.