Seagate Technology (NASDAQ:STX) Shares Gap Down – Here’s What Happened

Posted by Brenda Bartman on Oct 2nd, 2026

Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report) shares gapped down prior to trading on Friday. The stock had previously closed at $945.57, but opened at $822.56. Seagate Technology shares last traded at $834.6620, with a volume of 3,933,521 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on STX shares. Argus boosted their target price on Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Sanford C. Bernstein reissued an “outperform” rating and set a $1,350.00 price objective on shares of Seagate Technology in a report on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price objective on shares of Seagate Technology from $1,095.00 to $1,240.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Rosenblatt Securities upped their target price on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Finally, Mizuho increased their target price on shares of Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Twenty-two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Seagate Technology has an average rating of “Moderate Buy” and an average target price of $986.00.

Get Our Latest Stock Analysis on Seagate Technology

Seagate Technology Stock Down 14.9%

The stock has a market cap of $182.94 billion, a PE ratio of 57.96 and a beta of 2.06. The business has a 50 day moving average of $854.72 and a 200-day moving average of $776.28. The company has a current ratio of 1.67, a quick ratio of 1.17 and a debt-to-equity ratio of 1.56.

Seagate Technology (NASDAQ:STX – Get Free Report) last issued its quarterly earnings data 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 company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.50 billion. Seagate Technology had a return on equity of 369.98% and a net margin of 26.11%.The firm’s revenue for the quarter was up 48.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. Equities research analysts predict that Seagate Technology Holdings PLC will post 35.7 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, September 24th will be paid a $0.74 dividend. The ex-dividend date is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.4%. Seagate Technology’s payout ratio is currently 21.33%.

Insider Buying and Selling at Seagate Technology

In related news, EVP Ban Teh sold 52,730 shares of the business’s 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 in the company, valued at $4,543,884.80. The trade was a 90.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Mosley sold 97,889 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $772.14, for a total value of $75,584,012.46. Following the sale, the chief executive officer directly owned 378,108 shares of the company’s stock, valued at $291,952,311.12. The trade was a 20.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 436,959 shares of company stock valued at $351,170,369 over the last ninety days. 0.51% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Seagate Technology

Several large investors have recently modified their holdings of STX. NewEdge Advisors LLC raised its holdings in shares of Seagate Technology by 85.9% in the first quarter. NewEdge Advisors LLC now owns 22,046 shares of the data storage provider’s stock worth $8,637,000 after acquiring an additional 10,190 shares during the last quarter. UNICOM Systems Inc. boosted its stake in shares of Seagate Technology by 18.2% during the second quarter. UNICOM Systems Inc. now owns 43,500 shares of the data storage provider’s stock valued at $41,978,000 after acquiring an additional 6,700 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of Seagate Technology during the first quarter valued at $1,328,000. Financial Insights Inc. purchased a new stake in Seagate Technology during the 2nd quarter worth about $706,000. Finally, Contravisory Investment Management Inc. increased its position in Seagate Technology by 590.3% during the 2nd quarter. Contravisory Investment Management Inc. now owns 1,774 shares of the data storage provider’s stock worth $1,712,000 after purchasing an additional 1,517 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

About Seagate Technology

(Get Free Report)

Seagate Technology Holdings plc is a data storage technology company that designs, manufactures and supplies solutions for storing, managing and accessing digital information. Its product portfolio is centered on hard disk drives (HDDs), including high-capacity drives used in cloud data centers, enterprise environments, surveillance systems, network-attached storage and personal computing.

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