Seagate Technology (NASDAQ:STX) Stock Falls 1.8% – Here’s Why

Posted by Francis Steltz on Oct 23rd, 2026

Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report)’s share price traded down 1.8% during mid-day trading on Friday. The stock traded as low as $621.00 and last traded at $630.49. 5,549,031 shares traded hands during trading, an increase of 26% from the average session volume of 4,409,981 shares. The stock had previously closed at $642.14.

More Seagate Technology News

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

Positive Sentiment: Polen Capital identified Seagate as a beneficiary of rising artificial-intelligence data-storage demand. Growing AI workloads, cloud activity and enterprise data volumes are supporting demand for high-capacity nearline hard drives. Seagate Technology Holdings plc Stands to Benefit From Rising AI Data Storage Demand
Positive Sentiment: Analyst sentiment has strengthened, with J.P. Morgan issuing a Buy rating and reports highlighting positive updates from Bank of America and Morgan Stanley. Zacks also added STX to its Rank #1, or Strong Buy, list. Seagate Tech Gets a Buy from J.P. Morgan
Positive Sentiment: Recent research points to strong hard-drive demand from data centers and cloud providers, improving pricing power, capacity tightness and a robust enterprise-storage pipeline. These factors have driven higher earnings expectations and several analyst upgrades. Learn Why the Bull Case for Seagate Could Change Following Analyst Upgrades
Neutral Sentiment: Seagate’s Q1 fiscal 2027 earnings preview remains favorable, with management’s outlook supported by healthy storage demand and pricing. Investors are likely focused on whether the company can meet or exceed its guidance of $7.10–$7.50 in EPS. STX Stock Earnings Preview
Negative Sentiment: Despite the constructive outlook, STX has decreased in the latest market update, possibly reflecting profit-taking, elevated valuation concerns and technical weakness after its recent advance. At roughly 45 times earnings, the shares leave less room for an earnings or guidance disappointment.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Wedbush raised their price objective on Seagate Technology from $825.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Wells Fargo & Company dropped their price target on shares of Seagate Technology from $1,180.00 to $865.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. Wall Street Zen upgraded shares of Seagate Technology from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 26th. Rosenblatt Securities upped their price objective on shares of Seagate Technology from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, Citigroup upped their price objective on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Twenty-two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $975.92.

Check Out Our Latest Report on Seagate Technology

Seagate Technology Stock Down 1.8%

The firm has a 50 day moving average of $827.45 and a 200-day moving average of $811.60. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 1.17. The stock has a market capitalization of $143.37 billion, a P/E ratio of 45.42 and a beta of 2.06.

Seagate Technology (NASDAQ:STX – Get Free Report) last issued its earnings results on Tuesday, July 28th. The data storage provider reported $5.71 EPS for the quarter, topping the consensus estimate of $5.10 by $0.61. The firm 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%. Seagate Technology’s quarterly revenue was up 48.5% compared to the same quarter last year. During the same period last year, the business earned $2.59 earnings per share. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. On average, equities research analysts expect that Seagate Technology Holdings PLC will post 35.79 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 7th. Stockholders 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 0.5%. Seagate Technology’s dividend payout ratio is presently 21.33%.

Insider Activity

In other news, CFO Gianluca Romano sold 49,984 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the transaction, the chief financial officer directly owned 70,756 shares in the company, valued at approximately $54,634,952.96. This represents a 41.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO William Mosley sold 97,889 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $772.14, for a total transaction of $75,584,012.46. Following the sale, the chief executive officer directly owned 378,108 shares of the company’s stock, valued at approximately $291,952,311.12. This trade represents a 20.57% decrease in their ownership of the stock. 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. Over the last quarter, insiders sold 466,959 shares of company stock valued at $378,840,741. Company insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in STX. Retirement Wealth Solutions LLC grew its position in shares of Seagate Technology by 70.6% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 29 shares of the data storage provider’s stock worth $28,000 after buying an additional 12 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Seagate Technology by 23.1% in 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 purchasing an additional 15 shares in the last quarter. WealthCollab LLC boosted its position in Seagate Technology by 27.4% during the 1st quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock worth $36,000 after acquiring an additional 20 shares during the last quarter. McMillan Office Inc. bought a new position in Seagate Technology in the first quarter valued at $39,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Seagate Technology in the first quarter valued at about $39,000. 92.87% of the stock is currently owned by institutional investors.

About Seagate Technology

(Get Free Report)

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.