Seagate Technology (NASDAQ:STX) Stock Price Up 9.8% – Time to Buy?

Shares of Seagate Technology Holdings PLC (NASDAQ:STX) rose 9.8% on Monday. The company traded as high as $512.51 and last traded at $506.14. Approximately 6,055,412 shares traded hands during mid-day trading, an increase of 33% from the average daily volume of 4,541,282 shares. The stock had previously closed at $460.99.

Seagate Technology News Summary

These are some of the STX news items that stood out recently:

• Positive Sentiment: CoreWeave’s better-than-expected quarter and increased 2026 guidance helped calm fears that AI infrastructure spending was weakening. The news lifted storage and memory shares, including Seagate, as investors reassessed demand for storage capacity in AI data centers. Seagate Stocks Jump as CoreWeave Results Revive Nearline Storage Demand
• Positive Sentiment: Seagate launched FireCuda Forge, a drive built on its Alkemi platform that aims to combine SSD-like responsiveness with HDD capacity for gamers and creators. The product broadens its offerings as demand for high-capacity storage grows, though its eventual sales impact is not yet clear. Seagate Launches FireCuda Forge
• Negative Sentiment: Despite strong recent sales growth, Seagate had fallen sharply over the prior three months. Commentary also noted that the durability of the storage-stock bounce depends on how AI infrastructure projects are financed, leaving uncertainty about whether improved sentiment will persist. Storage Stocks Rally as CoreWeave Revives AI Trade

Analyst Ratings Changes

A number of equities research analysts recently commented on STX shares. Susquehanna lowered their price objective on shares of Seagate Technology from $925.00 to $765.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 28th. Evercore reaffirmed an “outperform” rating on shares of Seagate Technology in a report on Wednesday, October 28th. TD Cowen lowered their price target on shares of Seagate Technology from $1,000.00 to $900.00 and set a “buy” rating on the stock in a research report on Wednesday, October 28th. Argus raised their price objective on shares of Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Rosenblatt Securities cut their price objective on Seagate Technology from $1,400.00 to $1,100.00 and set a “buy” rating for the company in a research report on Monday, October 26th. Twenty-three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,000.88.

Seagate Technology Price Performance

The company has a market capitalization of $126.65 billion, a price-to-earnings ratio of 28.98 and a beta of 2.16. The company’s 50 day simple moving average is $756.58 and its 200-day simple moving average is $695.40. The company has a current ratio of 1.82, a quick ratio of 1.25 and a debt-to-equity ratio of 0.68.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, October 27th. The data storage provider reported $7.68 earnings per share for the quarter, beating analysts’ consensus estimates of $7.44 by $0.24. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.15 billion. Seagate Technology had a net margin of 31.86% and a return on equity of 252.47%. The company’s revenue was up 61.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.61 earnings per share. On average, equities research analysts predict that Seagate Technology Holdings PLC will post 37.96 earnings per share for the current fiscal year.

Seagate Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Wednesday, December 23rd will be issued a $0.76 dividend. This is a boost from Seagate Technology’s previous quarterly dividend of $0.74. The ex-dividend date is Wednesday, December 23rd. This represents a $3.04 annualized dividend and a yield of 0.6%. Seagate Technology’s payout ratio is presently 15.97%.

Insiders Place Their Bets

In other news, EVP Ban Teh sold 52,730 shares of Seagate Technology stock in a transaction on 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 completion of the sale, the executive vice president owned 5,810 shares of the company’s stock, valued at $4,543,884.80. The trade was a 90.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 49,984 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $772.16, for a total value of $38,595,645.44. Following the completion of the transaction, the chief financial officer owned 70,756 shares of the company’s stock, valued at $54,634,952.96. The trade was a 41.40% 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. Over the last 90 days, insiders have sold 447,108 shares of company stock valued at $356,049,743. Insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Seagate Technology

A number of institutional investors have recently bought and sold shares of STX. Aberdeen Group plc boosted its holdings in shares of Seagate Technology by 1,752.1% in the 3rd quarter. Aberdeen Group plc now owns 3,757,206 shares of the data storage provider’s stock valued at $3,465,421,000 after purchasing an additional 3,554,342 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Seagate Technology by 2,655.9% during the 2nd quarter. Wellington Management Group LLP now owns 2,414,136 shares of the data storage provider’s stock worth $2,329,641,000 after buying an additional 2,326,538 shares during the last quarter. National Pension Service raised its position in shares of Seagate Technology by 0.8% in the 2nd quarter. National Pension Service now owns 834,705 shares of the data storage provider’s stock worth $805,490,000 after buying an additional 6,944 shares during the period. Russell Investments Group Ltd. raised its position in shares of Seagate Technology by 8.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 748,798 shares of the data storage provider’s stock worth $690,316,000 after buying an additional 55,404 shares during the period. Finally, Voya Investment Management LLC boosted its holdings in Seagate Technology by 53.8% in the third quarter. Voya Investment Management LLC now owns 680,926 shares of the data storage provider’s stock valued at $628,045,000 after acquiring an additional 238,296 shares during the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Seagate Technology Company Profile

Seagate Technology develops and supplies data-storage products and solutions for businesses and consumers. Its portfolio includes hard disk drives (HDDs), solid-state drives, and storage systems designed for applications ranging from personal computing to large-scale data centers. The company’s products support cloud and enterprise storage, network-attached storage, video surveillance, gaming, and other uses that require digital data to be stored and accessed. Seagate also offers data-management and storage services through its Lyve platform.