Seagate Technology Holdings PLC (NASDAQ:STX) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Seagate Technology Holdings PLC (NASDAQ:STX) have earned a consensus rating of “Moderate Buy” from the twenty-seven brokerages that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $986.00.

Several analysts have weighed in on the company. Mizuho upped their target price on Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a report on Monday, June 8th. Melius Research began coverage on shares of Seagate Technology in a report on Monday, June 29th. They issued a “buy” rating and a $1,600.00 price target on the stock. Sanford C. Bernstein reiterated an “outperform” rating and issued a $1,350.00 price target on shares of Seagate Technology in a research report on Wednesday, July 29th. Wells Fargo & Company lifted their price objective on Seagate Technology from $1,100.00 to $1,180.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Wall Street Zen raised shares of Seagate Technology from a “buy” rating to a “strong-buy” rating in a research note on Saturday.

Insider Buying and Selling

In other news, EVP James Ci Lee sold 9,013 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $794.84, for a total value of $7,163,892.92. Following the completion of the transaction, the executive vice president directly owned 347 shares in the company, valued at approximately $275,809.48. This represents a 96.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 9,076 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $849.35, for a total transaction of $7,708,700.60. Following the transaction, the chief financial officer directly owned 22,997 shares of the company’s stock, valued at approximately $19,532,501.95. This represents a 28.30% 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 162,015 shares of company stock valued at $137,693,196. 0.79% of the stock is owned by insiders.

Institutional Trading of Seagate Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in STX. Integrated Wealth Concepts LLC grew its stake in Seagate Technology by 168.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after acquiring an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Seagate Technology in the 2nd quarter worth approximately $262,000. Cerity Partners LLC boosted its stake in shares of Seagate Technology by 25.8% during the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock valued at $5,294,000 after buying an additional 7,517 shares during the period. Sei Investments Co. increased its stake in shares of Seagate Technology by 64.8% in the second 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 raised its holdings in shares of Seagate Technology by 0.4% during the second 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 in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology Price Performance

Seagate Technology stock opened at $828.38 on Tuesday. Seagate Technology has a 12 month low of $163.86 and a 12 month high of $1,145.00. The stock has a market capitalization of $187.75 billion, a PE ratio of 59.68 and a beta of 2.06. 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 business has a 50 day simple moving average of $865.57 and a 200-day simple moving average of $700.60.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter last year, the firm posted $2.59 EPS. The business’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. Equities analysts predict that Seagate Technology will post 35.7 earnings per share for the current year.

Seagate Technology Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is 21.33%.

Seagate Technology Company Profile

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.