Zacks Research Has Negative Estimate for STX Q3 Earnings

Seagate Technology Holdings plc (NASDAQ:STX) – Research analysts at Zacks Research reduced their Q3 2025 earnings per share estimates for shares of Seagate Technology in a report released on Tuesday, February 11th. Zacks Research analyst R. Department now anticipates that the data storage provider will post earnings of $1.50 per share for the quarter, down from their previous forecast of $1.59. The consensus estimate for Seagate Technology’s current full-year earnings is $6.82 per share. Zacks Research also issued estimates for Seagate Technology’s FY2025 earnings at $6.69 EPS, Q1 2026 earnings at $2.01 EPS, Q2 2026 earnings at $2.26 EPS, Q4 2026 earnings at $2.82 EPS, FY2026 earnings at $9.59 EPS, Q1 2027 earnings at $2.21 EPS and FY2027 earnings at $10.83 EPS.

A number of other analysts also recently issued reports on the stock. Bank of America raised their price target on shares of Seagate Technology from $124.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Morgan Stanley cut their target price on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $120.00 price target on shares of Seagate Technology in a research note on Wednesday, January 22nd. Citigroup raised their price objective on Seagate Technology from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Mizuho decreased their target price on shares of Seagate Technology from $130.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy 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 $122.56.

Seagate Technology Trading Up 2.3 %

Seagate Technology stock opened at $101.48 on Friday. The company has a 50-day moving average price of $94.44 and a 200 day moving average price of $99.63. Seagate Technology has a 12-month low of $82.31 and a 12-month high of $115.32. The stock has a market cap of $21.48 billion, a P/E ratio of 18.55 and a beta of 1.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Mirabella Financial Services LLP lifted its stake in Seagate Technology by 137.8% during the fourth quarter. Mirabella Financial Services LLP now owns 54,565 shares of the data storage provider’s stock worth $4,710,000 after purchasing an additional 31,615 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of Seagate Technology by 2.6% during the 4th quarter. MetLife Investment Management LLC now owns 52,268 shares of the data storage provider’s stock worth $4,511,000 after buying an additional 1,347 shares during the last quarter. Norinchukin Bank The lifted its position in shares of Seagate Technology by 6.7% during the 4th quarter. Norinchukin Bank The now owns 8,887 shares of the data storage provider’s stock worth $767,000 after buying an additional 556 shares during the last quarter. Ossiam boosted its holdings in shares of Seagate Technology by 294.6% in the 4th quarter. Ossiam now owns 14,926 shares of the data storage provider’s stock valued at $1,288,000 after buying an additional 11,143 shares in the last quarter. Finally, Capital Research Global Investors grew its position in shares of Seagate Technology by 56.5% in the 4th quarter. Capital Research Global Investors now owns 15,621,162 shares of the data storage provider’s stock valued at $1,348,262,000 after buying an additional 5,640,443 shares during the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Yolanda Lee Conyers sold 750 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $101.82, for a total transaction of $76,365.00. Following the completion of the transaction, the director now owns 6,555 shares in the company, valued at approximately $667,430.10. The trade was a 10.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $102.83, for a total value of $2,056,600.00. Following the completion of the transaction, the chief executive officer now directly owns 622,497 shares in the company, valued at $64,011,366.51. This trade represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,891 shares of company stock valued at $2,146,848 in the last three months. 0.81% of the stock is owned by corporate insiders.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 dividend on an annualized basis and a yield of 2.84%. Seagate Technology’s dividend payout ratio (DPR) is presently 52.65%.

Seagate Technology Company Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.