Seagate Technology (NASDAQ:STX) Shares Up 3.4% – What’s Next?

Seagate Technology Holdings PLC (NASDAQ:STX) shot up 3.4% during trading on Tuesday . The company traded as high as $826.00 and last traded at $821.67. 2,553,692 shares were traded during mid-day trading, a decline of 42% from the average session volume of 4,415,587 shares. The stock had previously closed at $794.65.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Seagate was highlighted among three S&P 500 stocks suited to long-term investors, reflecting its established position in data storage and potential to benefit from continued growth in cloud computing, artificial intelligence and data-center demand. 3 S&P 500 Stocks for Long-Term Investors
• Positive Sentiment: Brokerages maintain an overall “Moderate Buy” rating for STX, with a consensus price target of $986. Recent firms including Barclays, Wells Fargo, Bank of America and Cantor Fitzgerald raised or reiterated bullish price targets ranging from $1,150 to $1,300, signaling confidence in Seagate’s earnings outlook. Seagate Technology Receives Moderate Buy Recommendation
• Positive Sentiment: The company’s latest quarterly results were strong: earnings per share of $5.71 exceeded estimates by $0.61, revenue reached $3.63 billion, and sales increased 48.5% year over year. Management’s fiscal first-quarter 2027 EPS guidance of $7.10–$7.50 also supports the bullish case.
• Neutral Sentiment: Seagate declared a quarterly dividend of $0.74 per share, equivalent to a $2.96 annualized payout and a yield of approximately 0.4%. The dividend provides modest income but is unlikely to be a major near-term trading catalyst.
• Negative Sentiment: Shares declined amid broad technology-sector weakness. With a beta of 2.06 and an elevated valuation, STX may experience amplified moves when investors reduce exposure to growth and semiconductor-related stocks. Seagate Technology Slides Amid Broader Tech Sector Weakness
• Negative Sentiment: Several executives, including the CEO, CFO and multiple EVPs, sold approximately $38 million of shares around $836–$853. Many sales were made under pre-arranged Rule 10b5-1 plans, limiting their value as a discretionary warning signal, but the concentration of insider selling may still weigh on investor sentiment.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Loop Capital upped their price objective on shares of Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a report on Friday, May 15th. Argus upped their target price on Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Citigroup upped their price objective on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price target on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, Wells Fargo & Company boosted their target price on shares of Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $986.00.

Seagate Technology Stock Performance

The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56. The stock’s fifty day simple moving average is $888.74 and its 200 day simple moving average is $685.82. The company has a market cap of $186.23 billion, a price-to-earnings ratio of 59.20 and a beta of 2.06.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same period in the prior year, the business earned $2.59 earnings per share. The business’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. As a group, analysts anticipate that Seagate Technology Holdings PLC will post 34.42 earnings per share for the current year.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be paid a $0.74 dividend. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. Seagate Technology’s dividend payout ratio (DPR) is 21.33%.

Insider Transactions at Seagate Technology

In other news, CFO Gianluca Romano sold 14,091 shares of Seagate Technology stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $811.25, for a total transaction of $11,431,323.75. Following the sale, the chief financial officer owned 21,543 shares of the company’s stock, valued at approximately $17,476,758.75. The trade was a 39.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 20,657 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $910.48, for a total value of $18,807,785.36. Following the completion of the transaction, the chief executive officer owned 320,860 shares of the company’s stock, valued at $292,136,612.80. The trade was a 6.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 184,752 shares of company stock worth $159,470,949 in the last quarter. Company insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Seagate Technology

A number of institutional investors have recently modified their holdings of the company. Rakuten Securities Inc. grew its position in Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 168 shares in the last quarter. Concord Wealth Partners purchased a new position in shares of Seagate Technology in the 4th quarter valued at about $28,000. Retirement Wealth Solutions LLC grew its position in shares of Seagate Technology by 70.6% during the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after buying an additional 12 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Seagate Technology by 23.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after buying an additional 15 shares during the period. Finally, Quarry LP acquired a new stake in Seagate Technology in the fourth quarter valued at approximately $31,000. 92.87% of the stock is owned by institutional investors and hedge funds.

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.