Q4 EPS Estimate for Seagate Technology Increased by Analyst

Seagate Technology Holdings PLC (NASDAQ:STX) – Zacks Research lifted their Q4 2026 earnings per share (EPS) estimates for shares of Seagate Technology in a report released on Tuesday, November 18th. Zacks Research analyst Team now anticipates that the data storage provider will post earnings of $2.83 per share for the quarter, up from their prior forecast of $2.59. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Seagate Technology’s current full-year earnings is $6.83 per share.

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

A number of other equities analysts also recently commented on STX. Loop Capital boosted their price objective on shares of Seagate Technology from $350.00 to $465.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Sanford C. Bernstein lifted their target price on Seagate Technology from $275.00 to $370.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. BNP Paribas Exane lowered their price target on shares of Seagate Technology from $240.00 to $230.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Bank of America increased their target price on shares of Seagate Technology from $275.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Wells Fargo & Company lifted their price target on shares of Seagate Technology from $240.00 to $250.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus price target of $283.41.

Seagate Technology Price Performance

Shares of NASDAQ:STX traded up $8.39 during trading hours on Thursday, hitting $267.53. The company’s stock had a trading volume of 613,298 shares, compared to its average volume of 4,061,403. The firm’s fifty day moving average price is $238.04 and its 200 day moving average price is $174.64. Seagate Technology has a 52 week low of $63.19 and a 52 week high of $297.88. The company has a market capitalization of $57.13 billion, a price-to-earnings ratio of 34.15, a P/E/G ratio of 1.17 and a beta of 1.63.

Institutional Investors Weigh In On Seagate Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Harbor Asset Planning Inc. purchased a new stake in Seagate Technology during the second quarter worth $27,000. Rakuten Securities Inc. grew its position in shares of Seagate Technology by 884.2% during 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 during the period. MTM Investment Management LLC purchased a new position in shares of Seagate Technology in the 2nd quarter valued at about $29,000. First Horizon Corp acquired a new position in Seagate Technology in the 3rd quarter worth about $33,000. Finally, Raiffeisen Bank International AG purchased a new position in Seagate Technology during the third quarter worth approximately $33,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Transactions at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $262.82, for a total value of $5,256,400.00. Following the completion of the transaction, the chief executive officer owned 465,668 shares of the company’s stock, valued at $122,386,863.76. The trade was a 4.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Gianluca Romano sold 54,021 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $285.16, for a total value of $15,404,628.36. Following the sale, the chief financial officer directly owned 56,293 shares in the company, valued at approximately $16,052,511.88. This trade represents a 48.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 131,261 shares of company stock valued at $34,210,708. 0.79% of the stock is owned by corporate insiders.

Seagate Technology Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th will be issued a $0.74 dividend. This is an increase from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a $2.96 annualized dividend and a dividend yield of 1.1%. Seagate Technology’s payout ratio is currently 38.00%.

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.