Seagate Technology (NASDAQ:STX) Stock Price Up 2.4% – Here’s Why

Posted by Francis Steltz on Aug 11th, 2026

Shares of Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report) traded up 2.4% on Tuesday . The company traded as high as $826.90 and last traded at $820.52. 3,146,057 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 4,432,234 shares. The stock had previously closed at $800.99.

Seagate Technology News Roundup

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

Positive Sentiment: AI infrastructure expansion is driving demand for Seagate’s nearline mass-capacity hard drives. Data-center growth, multiyear capacity agreements and disciplined supply are improving pricing power and helping keep production capacity largely allocated through 2027. Seagate Technology: AI Runs On Disks Nobody Else Wants To Make
Positive Sentiment: The company’s HAMR-based Mozaic platform is increasing storage density and strengthening its competitive position. Analysts and market commentary view the technology roadmap, along with Seagate’s build-to-order model, as supporting further margin expansion. Seagate Technology Gains From AI Boom: Is Long-Term Growth Secured?
Positive Sentiment: Recent operating momentum remains strong: Seagate’s latest quarterly revenue rose 48.5% year over year to $3.63 billion, while earnings of $5.71 per share exceeded consensus estimates. The company also issued first-quarter fiscal 2027 EPS guidance of $7.10 to $7.50, reinforcing expectations for continued growth.
Neutral Sentiment: Investment commentary remains constructive but acknowledges that STX’s substantial share-price gains and high valuation make the risk-reward profile more balanced. Strong cash flow, rising storage prices and faster HAMR adoption support the bull case, while valuation increases execution risk. Does STX Stock Still Have More Room to Run After Solid Q4 Earnings?
Negative Sentiment: CFO Gianluca Romano sold a combined 22,211 Seagate shares worth approximately $17.8 million, reducing his holdings materially. Because the transactions were executed under pre-arranged Rule 10b5-1 plans, they may reflect scheduled diversification rather than a negative view of the business, but the sales can still weigh on sentiment. SEC insider trading filing

Wall Street Analyst Weigh In

A number of brokerages have recently commented on STX. Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Susquehanna boosted their price target on shares of Seagate Technology from $775.00 to $875.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Morgan Stanley increased their price objective on shares of Seagate Technology from $1,035.00 to $1,187.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Evercore raised their target price on shares of Seagate Technology from $750.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Finally, Bank of America boosted their target price on Seagate Technology from $1,000.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and a consensus target price of $986.00.

Get Our Latest Report on STX

Seagate Technology Stock Performance

The firm’s 50-day moving average price is $892.31 and its two-hundred day moving average price is $651.47. 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 stock has a market cap of $185.97 billion, a price-to-earnings ratio of 59.12 and a beta of 2.06.

Seagate Technology (NASDAQ:STX – Get Free Report) last released its quarterly earnings data 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 firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same period last year, the business earned $2.59 earnings per share. Seagate Technology’s 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. On average, analysts expect that Seagate Technology Holdings PLC will post 34.42 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Thursday, September 24th will be issued a dividend of $0.74 per share. The ex-dividend date is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.4%. Seagate Technology’s dividend payout ratio (DPR) is currently 21.33%.

Insider Activity

In related news, EVP John Christopher Morris sold 168 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $817.76, for a total value of $137,383.68. Following the transaction, the executive vice president directly owned 11,920 shares in the company, valued at approximately $9,747,699.20. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 17,080 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $827.30, for a total value of $14,130,284.00. Following the completion of the transaction, the chief executive officer owned 295,517 shares in the company, valued at $244,481,214.10. This represents a 5.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 171,849 shares of company stock worth $144,526,198 in the last 90 days. 0.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Seagate Technology

A number of hedge funds have recently modified their holdings of STX. Integrated Wealth Concepts LLC lifted its position in Seagate Technology by 168.0% in the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after buying an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Seagate Technology in the 2nd quarter valued at approximately $262,000. Cerity Partners LLC raised its stake in shares of Seagate Technology by 25.8% in the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock valued at $5,294,000 after acquiring an additional 7,517 shares during the period. Sei Investments Co. lifted its holdings in shares of Seagate Technology by 64.8% in the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock worth $1,233,000 after acquiring an additional 3,358 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Seagate Technology by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock worth $18,458,000 after acquiring an additional 462 shares during the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

About Seagate Technology

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Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.