Seagate Technology (NASDAQ:STX) Cut to “Buy” at Wall Street Zen

09 Sep 2026, 01:06 by Scott Moore · The Cerbat Gem

Wall Street Zen lowered shares of Seagate Technology (NASDAQ:STX – Free Report) from a strong-buy rating to a buy rating in a research report report published on Sunday,Wall Street Zen reports.

Other analysts have also recently issued research reports about the stock. Zacks Research raised shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. increased their price objective on Seagate Technology from $1,095.00 to $1,240.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Rosenblatt Securities upped their price target on Seagate Technology from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Citigroup increased their price target on shares of 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. Finally, Melius Research initiated coverage on shares of Seagate Technology in a research report on Monday, June 29th. They set a “buy” rating and a $1,600.00 price objective for the company. One 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $986.00.

Read Our Latest Report on STX

Seagate Technology Stock Up 6.5%

Seagate Technology stock opened at $904.38 on Friday. The firm has a market capitalization of $204.98 billion, a P/E ratio of 65.16 and a beta of 2.06. 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 has a twelve month low of $188.00 and a twelve month high of $1,145.00. The stock’s fifty day simple moving average is $848.33 and its 200-day simple moving average is $718.18.

Seagate Technology (NASDAQ:STX – Get Free Report) last released its 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 return on equity of 369.98% and a net margin of 26.11%.The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same period last year, the business posted $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. As a group, equities analysts expect that Seagate Technology will post 35.7 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. Seagate Technology’s dividend payout ratio is 21.33%.

Insider Transactions at Seagate Technology

In other news, EVP James Lee sold 9,013 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $794.84, for a total value of $7,163,892.92. Following the completion of the sale, the executive vice president directly owned 347 shares of the company’s stock, valued at approximately $275,809.48. This represents a 96.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Teh sold 9,862 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $852.97, for a total transaction of $8,411,990.14. Following the transaction, the executive vice president owned 5,210 shares in the company, valued at approximately $4,443,973.70. This trade represents a 65.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 186,323 shares of company stock worth $157,393,279. 0.79% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Rakuten Securities Inc. boosted its stake in shares of Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after buying an additional 168 shares during the period. Retirement Wealth Solutions LLC grew its holdings in shares of Seagate Technology by 70.6% during the second 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 last quarter. Annis Gardner Whiting Capital Advisors LLC increased its position in 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 valued at $31,000 after acquiring an additional 15 shares during the period. Quarry LP acquired a new position in Seagate Technology in the 4th quarter valued at about $31,000. Finally, WealthCollab LLC raised its stake in Seagate Technology by 27.4% during the 1st quarter. WealthCollab LLC now owns 93 shares of the data storage provider’s stock valued at $36,000 after acquiring an additional 20 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

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.