FY2026 EPS Forecast for Seagate Technology Raised by Analyst

Seagate Technology Holdings PLC (NASDAQ:STX) – Cantor Fitzgerald lifted their FY2026 earnings per share (EPS) estimates for shares of Seagate Technology in a research note issued to investors on Wednesday, October 29th. Cantor Fitzgerald analyst C. Muse now forecasts that the data storage provider will post earnings per share of $10.40 for the year, up from their previous forecast of $9.13. Cantor Fitzgerald currently has a “Overweight” rating and a $280.00 target price on the stock. The consensus estimate for Seagate Technology’s current full-year earnings is $6.83 per share.

Several other analysts have also recently commented on STX. Benchmark raised their target price on Seagate Technology from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Seagate Technology in a research report on Wednesday, October 8th. The Goldman Sachs Group raised their target price on Seagate Technology from $170.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Sanford C. Bernstein set a $275.00 target price on Seagate Technology and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Rosenblatt Securities increased their price objective on Seagate Technology from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $263.18.

Seagate Technology Stock Down 4.6%

Shares of Seagate Technology stock opened at $255.88 on Friday. The stock has a market cap of $54.49 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. The business has a fifty day simple moving average of $213.78 and a 200-day simple moving average of $156.88. Seagate Technology has a 12 month low of $63.19 and a 12 month high of $280.35.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, October 28th. The data storage provider reported $2.61 EPS for the quarter, topping the consensus estimate of $2.40 by $0.21. The business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Seagate Technology had a negative return on equity of 297.87% and a net margin of 17.92%.Seagate Technology’s revenue was up 21.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.58 earnings per share. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS.

Hedge Funds Weigh In On Seagate Technology

Several institutional investors have recently bought and sold shares of the stock. Alta Advisers Ltd bought a new position in Seagate Technology during the third quarter valued at about $286,000. Kornitzer Capital Management Inc. KS grew its position in shares of Seagate Technology by 19.4% in the third quarter. Kornitzer Capital Management Inc. KS now owns 3,700 shares of the data storage provider’s stock valued at $873,000 after purchasing an additional 600 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Seagate Technology by 2.8% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 37,324 shares of the data storage provider’s stock valued at $8,812,000 after purchasing an additional 1,014 shares during the last quarter. Estate Counselors LLC acquired a new stake in shares of Seagate Technology in the third quarter valued at about $2,557,000. Finally, EWA LLC acquired a new stake in shares of Seagate Technology in the third quarter valued at about $317,000. 92.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Seagate Technology news, EVP Ban Seng Teh sold 3,732 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $193.30, for a total transaction of $721,395.60. Following the transaction, the executive vice president directly owned 4,172 shares in the company, valued at $806,447.60. This trade represents a 47.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $249.90, for a total value of $4,998,000.00. Following the transaction, the chief executive officer owned 485,668 shares in the company, valued at approximately $121,368,433.20. This trade represents a 3.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 45,090 shares of company stock valued at $9,759,648 in the last three months. 0.79% of the stock is currently owned by corporate insiders.

Seagate Technology Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 1.2%. This is an increase from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date is Wednesday, December 24th. Seagate Technology’s dividend payout ratio is 36.97%.

Seagate Technology Company Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.