Seagate Technology (NASDAQ:STX) Trading Up 2.2% – Still a Buy?

Posted by Stanley Muller on Sep 21st, 2026

Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report) shares shot up 2.2% during mid-day trading on Monday . The stock traded as high as $914.82 and last traded at $877.33. 4,181,121 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 4,345,278 shares. The stock had previously closed at $858.79.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Citigroup boosted their price objective on Seagate Technology from $1,240.00 to $1,300.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Barclays upped their price target on shares of Seagate Technology from $1,000.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Wedbush raised their price objective on shares of Seagate Technology from $825.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $1,300.00 price objective on shares of Seagate Technology in a research note on Wednesday, July 29th. Finally, Susquehanna increased their target price on Seagate Technology from $775.00 to $875.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $986.00.

View Our Latest Report on STX

Seagate Technology Price Performance

The business’s 50-day moving average price is $842.11 and its 200 day moving average price is $741.83. The company has a quick ratio of 1.17, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $199.50 billion, a P/E ratio of 63.21 and a beta of 2.06.

Seagate Technology (NASDAQ:STX – Get Free Report) last posted its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share for the quarter, topping analysts’ consensus estimates of $5.10 by $0.61. Seagate Technology had a net margin of 26.11% and a return on equity of 369.98%. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the prior year, the firm posted $2.59 EPS. Seagate Technology’s revenue was up 48.5% on a year-over-year basis. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Analysts anticipate that Seagate Technology Holdings PLC will post 35.7 EPS for the current fiscal year.

Seagate Technology Announces Dividend

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

Insiders Place Their Bets

In other news, CFO Gianluca Romano sold 49,984 shares of Seagate Technology stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the completion of the sale, the chief financial officer owned 70,756 shares in the company, valued at approximately $54,634,952.96. This trade represents a 41.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP John Morris sold 15,466 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $772.15, for a total value of $11,942,071.90. Following the transaction, the executive vice president directly owned 31,132 shares of the company’s stock, valued at $24,038,573.80. The trade was a 33.19% decrease in their position. 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 sold a total of 457,605 shares of company stock worth $370,403,041 over the last three months. Corporate insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Seagate Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of STX. Retirement Wealth Solutions LLC grew its position in Seagate Technology by 70.6% in the second quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 12 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Seagate Technology by 23.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 15 shares in the last quarter. WealthCollab LLC boosted its holdings in shares of Seagate Technology by 27.4% in the 1st quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock worth $36,000 after purchasing an additional 20 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in shares of Seagate Technology during the 4th quarter valued at about $37,000. Finally, McMillan Office Inc. bought a new position in shares of Seagate Technology during the 1st quarter valued at about $39,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Company Profile

(Get Free Report)

Seagate Technology Holdings plc is a data storage technology company that develops and manufactures mass-capacity storage solutions for businesses and consumers. Its product portfolio is centered on hard disk drives (HDDs), which are used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computing.

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