Seagate Technology (NASDAQ:STX) Shares Up 5.7% – Here’s Why

Seagate Technology Holdings PLC (NASDAQ:STX) shares were up 5.7% on Friday . The stock traded as high as $990.61 and last traded at $973.44. 5,233,626 shares traded hands during trading, an increase of 18% from the average daily volume of 4,439,522 shares. The stock had previously closed at $921.37.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Seagate finished fiscal 2026 ahead of expectations, with revenue of $3.63 billion, adjusted EPS of $5.71, and year-over-year revenue growth of 48.5%. Management also guided to fiscal first-quarter 2027 EPS of $7.10 to $7.50, reinforcing expectations for continued earnings growth. How Seagate’s Strong Fiscal 2026 Beat and HAMR Momentum May Impact Seagate Technology Investors
• Positive Sentiment: Non-GAAP gross margin expanded for the 13th consecutive quarter, while quarterly free cash flow reached its strongest level in more than a decade. These trends suggest improving operating leverage and financial flexibility. Seagate Technology Holdings Following Strong FY2026 Results Looks Undervalued By The Narrative
• Positive Sentiment: AI-related storage demand, supply agreements extending beyond 2028, and Seagate’s HAMR-based Mozaic platform are viewed as catalysts for planned mid-20% exabyte growth. Analysts see the company as a potential underappreciated AI-infrastructure beneficiary. The AI Stock Everyone Knows But Few See Becoming a Future Winner
• Positive Sentiment: Upward earnings-estimate revisions are adding to the bullish case, as analysts anticipate that stronger storage demand and expanding margins could produce further upside for STX. Surging Earnings Estimates Signal Upside for Seagate Stock
• Neutral Sentiment: Although some valuation analysis indicates potential discounted-cash-flow upside, Seagate’s substantial multiyear rally and elevated earnings multiple mean the stock is not uniformly viewed as a bargain. Investors remain exposed to storage-industry cyclicality and high expectations. Seagate Stock Could Trade Below Fair Value While Earnings Look Full

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Rosenblatt Securities boosted their price objective on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Argus increased their target price 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a report on Wednesday, June 24th. Fox Advisors cut Seagate Technology from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. Finally, The Goldman Sachs Group boosted their price target on Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average price target of $986.00.

Seagate Technology Stock Performance

The company’s 50-day moving average price is $888.84 and its 200 day moving average price is $662.62. The stock has a market capitalization of $220.63 billion, a PE ratio of 70.13 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 (EPS) for the quarter, topping analysts’ consensus estimates of $5.10 by $0.61. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. Seagate Technology’s revenue was up 48.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, equities research analysts expect that Seagate Technology Holdings PLC will post 34.42 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio is presently 21.33%.

Insiders Place Their Bets

In other Seagate Technology news, EVP Ban Seng Teh sold 7,361 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $920.80, for a total transaction of $6,778,008.80. Following the completion of the transaction, the executive vice president owned 2,931 shares of the company’s stock, valued at approximately $2,698,864.80. This trade represents a 71.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Gianluca Romano sold 14,091 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was 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 represents a 39.54% 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. Over the last 90 days, insiders sold 163,650 shares of company stock worth $138,616,274. 0.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Seagate Technology

Several large investors have recently made changes to their positions in the business. Jones Financial Companies Lllp purchased a new stake in shares of Seagate Technology in the 2nd quarter worth approximately $39,000. Heartland Bank & Trust Co bought a new stake in Seagate Technology in the second quarter worth $211,000. Pinnacle West Asset Management Inc. purchased a new stake in shares of Seagate Technology in the second quarter worth $5,607,000. Advisors Preferred LLC bought a new position in shares of Seagate Technology during the second quarter valued at $2,594,000. Finally, Abacus FCF Advisors LLC purchased a new position in shares of Seagate Technology in the 2nd quarter worth about $8,786,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

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.