Seagate Technology Holdings PLC (NASDAQ:STX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Seagate Technology Holdings PLC (NASDAQ:STX) have received a consensus recommendation of “Moderate Buy” from the twenty-six research firms that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, eighteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $320.3913.

Several research analysts have recently commented on STX shares. Wedbush lifted their price objective on Seagate Technology from $260.00 to $290.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Bank of America lifted their price target on Seagate Technology from $275.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Wells Fargo & Company upped their price target on Seagate Technology from $250.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Thursday. Robert W. Baird raised their price target on shares of Seagate Technology from $188.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Finally, Sanford C. Bernstein lifted their price target on shares of Seagate Technology from $275.00 to $370.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th.

Seagate Technology Price Performance

Shares of STX opened at $326.23 on Monday. Seagate Technology has a 1 year low of $63.19 and a 1 year high of $335.02. The stock has a 50 day simple moving average of $283.10 and a two-hundred day simple moving average of $222.83. The firm has a market cap of $69.67 billion, a P/E ratio of 41.88, a P/E/G ratio of 1.25 and a beta of 1.60.

Seagate Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th were given a $0.74 dividend. The ex-dividend date was Wednesday, December 24th. This is a boost from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 annualized dividend and a yield of 0.9%. Seagate Technology’s payout ratio is 38.00%.

Insider Activity at Seagate Technology

In related news, Director Stephanie Tilenius sold 2,046 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $266.41, for a total value of $545,074.86. Following the completion of the transaction, the director owned 12,244 shares of the company’s stock, valued at approximately $3,261,924.04. This represents a 14.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $262.82, for a total transaction of $5,256,400.00. Following the completion of the transaction, the chief executive officer directly owned 465,668 shares in the company, valued at $122,386,863.76. This trade represents a 4.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 132,557 shares of company stock valued at $36,847,793 in the last ninety days. Corporate insiders own 0.79% of the company’s stock.

Institutional Trading of Seagate Technology

Several hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC grew its position in Seagate Technology by 168.0% in the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after acquiring an additional 4,499 shares in the last quarter. TrueWealth Advisors LLC purchased a new stake in Seagate Technology in the second quarter worth about $703,000. Bangor Savings Bank raised its stake in Seagate Technology by 2.3% in the second quarter. Bangor Savings Bank now owns 7,578 shares of the data storage provider’s stock worth $1,094,000 after buying an additional 171 shares in the last quarter. Insight Wealth Strategies LLC boosted its position in Seagate Technology by 30.1% during the second quarter. Insight Wealth Strategies LLC now owns 55,136 shares of the data storage provider’s stock valued at $7,997,000 after purchasing an additional 12,762 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Seagate Technology by 39.6% during the 2nd quarter. Parallel Advisors LLC now owns 4,054 shares of the data storage provider’s stock worth $585,000 after acquiring an additional 1,151 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology News Roundup

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

• Positive Sentiment: China Renaissance raised its price target to $452 and maintained a “buy” rating — a large upside (~41% from recent levels) that supports further upside expectations for STX. China Renaissance raises PT to $452
• Positive Sentiment: Barclays bumped its target to $370 and kept an “equal weight” rating — another notable upgrade that adds institutional validation to the stock’s rally. Barclays raises PT to $370
• Positive Sentiment: Wells Fargo raised its target to $360 (still “equal weight”), signaling broader analyst re‑rating of Seagate amid stronger end‑market demand expectations. Wells Fargo raises PT to $360
• Positive Sentiment: Media coverage and analyst commentary point to an AI‑driven memory/mass‑storage rally benefiting STX and peers — Susquehanna and others highlighted the sector strength on a recent segment. STX & WDC Gain Analyst Support Amid Surging Memory Chip Rally
• Neutral Sentiment: A Zacks piece lists Seagate among technology solutions beneficiaries (multi‑cloud and integrated systems demand) — supportive context but not company‑specific new data. 4 Stocks to Watch From a Prospering Technology Solutions Industry
• Neutral Sentiment: Susquehanna formally moved Seagate from “negative” to “neutral” with a $280 target — an upgrade in tone but a target below current market levels, creating a mixed signal for investors. Susquehanna moves STX to neutral, PT $280
• Negative Sentiment: Insider activity: EVP Ban Seng Teh sold 1,412 shares (~$299 avg), trimming his stake. Insider sales can weigh on sentiment even if not large relative to holdings. SEC Form 4: Ban Seng Teh sale

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.