Seagate Technology (NASDAQ:STX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Seagate Technology (NASDAQ:STX) from a buy rating to a strong-buy rating in a report issued on Saturday morning,Wall Street Zen reports.

Other equities analysts have also recently issued reports about the company. TD Cowen upped their price objective on Seagate Technology from $850.00 to $1,000.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Argus raised their price objective on Seagate Technology from $750.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Fox Advisors downgraded Seagate Technology from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. Wells Fargo & Company upped their target price on 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. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $1,300.00 price target on shares of Seagate Technology in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Seagate Technology currently has an average rating of “Moderate Buy” and a consensus target price of $986.00.

Seagate Technology Stock Performance

NASDAQ STX opened at $921.51 on Friday. Seagate Technology has a 52-week low of $209.00 and a 52-week high of $1,145.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.17 and a current ratio of 1.67. The company has a market capitalization of $209.54 billion, a P/E ratio of 66.39 and a beta of 2.06. The company has a fifty day moving average of $853.36 and a 200-day moving average of $764.74.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same period in the previous year, the business earned $2.59 earnings per share. The firm’s quarterly 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, equities research analysts predict that Seagate Technology will post 35.7 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is 21.33%.

Insider Buying and Selling

In related news, EVP Ban Teh sold 52,730 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $782.08, for a total transaction of $41,239,078.40. Following the completion of the sale, the executive vice president directly owned 5,810 shares in the company, valued at $4,543,884.80. This represents a 90.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction, the chief financial officer owned 70,756 shares in the company, valued at approximately $54,634,952.96. The trade was a 41.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 466,959 shares of company stock worth $378,615,011 in the last ninety days. Corporate insiders own 0.51% of the company’s stock.

Institutional Trading of Seagate Technology

Institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its holdings in shares of Seagate Technology by 85.9% during the 1st quarter. NewEdge Advisors LLC now owns 22,046 shares of the data storage provider’s stock worth $8,637,000 after acquiring an additional 10,190 shares during the period. USA Financial Formulas bought a new position in shares of Seagate Technology in the 1st quarter worth approximately $1,328,000. UNICOM Systems Inc. lifted its stake in shares of Seagate Technology by 18.2% in the 2nd quarter. UNICOM Systems Inc. now owns 43,500 shares of the data storage provider’s stock valued at $41,978,000 after purchasing an additional 6,700 shares during the period. Financial Insights Inc. purchased a new position in shares of Seagate Technology in the 2nd quarter valued at approximately $706,000. Finally, Contravisory Investment Management Inc. boosted its position in shares of Seagate Technology by 590.3% during the second quarter. Contravisory Investment Management Inc. now owns 1,774 shares of the data storage provider’s stock valued at $1,712,000 after purchasing an additional 1,517 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology News Summary

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

• Positive Sentiment: Seagate’s transition to higher-capacity HAMR drives and its Mozaic platform are supporting increased areal density, potentially lowering storage costs and strengthening its position with cloud customers. Robust cloud demand, disciplined pricing and long-term agreements provide additional earnings visibility. Seagate: The Areal Density Breakthrough
• Positive Sentiment: The company’s latest quarterly results exceeded expectations, with non-GAAP EPS of $5.71 versus consensus of $5.10, revenue of approximately $3.63 billion and year-over-year revenue growth near 49%. Gross margin also rose sharply to 52.7%, while management provided strong forward EPS guidance. Seagate Technology Holdings Rides AI Storage Demand
• Positive Sentiment: A reported “Power Inflow” alert indicated strong buying pressure from institutional and retail order flow, helping reinforce the bullish trading momentum around Seagate shares. Seagate Shares Rise After Key Trading Signal
• Neutral Sentiment: Seagate is included among memory and storage stocks benefiting from AI infrastructure spending. However, the broader sector’s performance will remain sensitive to enterprise demand, supply conditions and technology shifts. Memory Semiconductor Stocks to Watch
• Negative Sentiment: Despite bullish analyst views, Seagate’s valuation and risk profile are stretched after the major rally. Its beta above 2 and widely varying long-term EPS estimates point to substantial downside volatility if AI demand, pricing power or margin gains weaken. Is Seagate Stock a Buy, Hold, or Sell Above $900?
• Negative Sentiment: Reported insider selling is a potential overhang, although the transactions may reflect taxes, executive changes or portfolio diversification rather than declining confidence in the business. Stocks Under the Microscope After Large Insider Sales

About Seagate Technology

Seagate Technology Holdings plc is a data storage technology company that designs, manufactures and supplies solutions for storing, managing and accessing digital information. Its product portfolio is centered on hard disk drives (HDDs), including high-capacity drives used in cloud data centers, enterprise environments, surveillance systems, network-attached storage and personal computing.

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