Seagate Technology (NASDAQ:STX) Stock Price Up 3.4% – Time to Buy?

Seagate Technology Holdings PLC (NASDAQ:STX)’s share price rose 3.4% during trading on Monday. The company traded as high as $675.71 and last traded at $660.81. Approximately 4,120,823 shares changed hands during mid-day trading, a decline of 6% from the average session volume of 4,401,292 shares. The stock had previously closed at $639.01.

Seagate Technology News Roundup

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

• Positive Sentiment: Bank of America raised its price target on Seagate from $1,150 to $1,200 and maintained a Buy rating. The new target implies approximately 77.7% upside from the reference price of $675.13. TickerReport article
• Positive Sentiment: Morgan Stanley also lifted its target to $1,200, up from $1,187, while reiterating an Overweight rating. Analyst Erik Woodring expects Seagate and other hard-drive makers to deliver strong quarterly results and better-than-expected guidance. Invezz article
• Positive Sentiment: Morgan Stanley said it would be an “aggressive buyer” of Seagate ahead of earnings, citing the potential for strong results and favorable guidance. The view suggests recent selling may have created an attractive entry point despite concerns about artificial-intelligence financing and industry competition. Yahoo Finance article
• Neutral Sentiment: Seagate has been highlighted as a long-term industry leader: over the five years through October 16, 2026, it outperformed 19 of 20 peers in the technology hardware, storage and peripherals group. The record supports the bullish case, although it does not guarantee near-term performance. Trefis article
• Negative Sentiment: Risks remain from investor concerns about AI-related financing, stronger competition and the possibility that elevated expectations may already be reflected in analyst targets. Seagate’s upcoming earnings and forward guidance will be important catalysts.

Analyst Ratings Changes

STX has been the topic of a number of research analyst reports. Susquehanna upped their price target on Seagate Technology from $775.00 to $875.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Argus lifted their price objective on Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Wall Street Zen raised Seagate Technology from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 26th. Barclays boosted their target price on Seagate Technology from $1,000.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. upped their target price 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. Twenty-two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and an average target price of $975.92.

Seagate Technology Stock Performance

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 firm has a market cap of $153.52 billion, a P/E ratio of 48.64 and a beta of 2.06. The business’s 50-day simple moving average is $836.66 and its 200 day simple moving average is $808.22.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The company’s quarterly revenue was up 48.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, equities analysts predict that Seagate Technology Holdings PLC will post 35.70 earnings per share for the current year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, September 24th were issued a $0.74 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. Seagate Technology’s payout ratio is presently 21.33%.

Insider Transactions at Seagate Technology

In other Seagate Technology 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 value of $41,239,078.40. Following the transaction, the executive vice president owned 5,810 shares of the company’s stock, valued at approximately $4,543,884.80. This represents a 90.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Morris sold 9,354 shares of the firm’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $877.91, for a total value of $8,211,970.14. Following the completion of the transaction, the executive vice president directly owned 22,693 shares in the company, valued at $19,922,411.63. The trade was a 29.19% 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 466,959 shares of company stock worth $378,840,741 in the last three months. 0.51% of the stock is owned by insiders.

Hedge Funds Weigh In On Seagate Technology

Several institutional investors have recently made changes to their positions in the business. Retirement Wealth Solutions LLC raised its position in Seagate Technology by 70.6% in the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 12 shares during the period. Bridgewater Advisors Inc. grew its stake in shares of Seagate Technology by 0.9% during the first quarter. Bridgewater Advisors Inc. now owns 1,477 shares of the data storage provider’s stock valued at $579,000 after buying an additional 13 shares during the last quarter. Baker Tilly Wealth Management LLC grew its stake in shares of Seagate Technology by 4.6% during the third quarter. Baker Tilly Wealth Management LLC now owns 319 shares of the data storage provider’s stock valued at $295,000 after buying an additional 14 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew 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 valued at $31,000 after buying an additional 15 shares during the last quarter. Finally, One River Asset Management LLC raised its holdings in shares of Seagate Technology by 50.0% in the third quarter. One River Asset Management LLC now owns 45 shares of the data storage provider’s stock worth $42,000 after buying an additional 15 shares during the period. Institutional investors own 92.87% of the company’s stock.

About Seagate Technology

Seagate Technology Holdings plc (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.