Seagate Technology (STX) is up 7.0% today. Here is some analysis on what might have caused this price movement.
Analysis: The most likely driver is continued investor enthusiasm after Seagate posted a strong fiscal fourth-quarter beat and issued fiscal first-quarter guidance well above Wall Street expectations in late July. This could also reflect a broader rebound in memory and storage names, with investors leaning back into AI infrastructure suppliers after a recent sector pullback.
Details:
Seagate’s late-July quarterly results topped expectations, with revenue rising sharply year over year and adjusted earnings beating consensus.Management guided for about $4.1 billion in next-quarter revenue and adjusted earnings of about $7.30 per share, both ahead of market forecasts and supportive of the AI storage demand story.The company has highlighted strong demand for high-capacity hard drives used in cloud and AI data infrastructure, helped by its HAMR technology and improving pricing.Recent analyst target increases after earnings appear to have reinforced bullish sentiment, while today’s move also fits with strength across storage and semiconductor-linked names.Sources:
Seagate, SEC, Reuters
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
$STX Insider Trading Activity
$STX insiders have traded $STX stock on the open market 330 times in the past 6 months. Of those trades, 0 have been purchases and 330 have been sales.
Here’s a breakdown of recent trading of $STX stock by insiders over the last 6 months:
- WILLIAM D MOSLEY (CEO) has made 0 purchases and 207 sales selling 189,207 shares for an estimated $131,854,383.
- GIANLUCA ROMANO (EVP & CFO) has made 0 purchases and 68 sales selling 24,464 shares for an estimated $19,738,901.
- BAN SENG TEH (EVP & Chief Commercial Officer) has made 0 purchases and 24 sales selling 16,549 shares for an estimated $13,558,487.
- JOHN CHRISTOPHER MORRIS (EVP & CTO) has made 0 purchases and 21 sales selling 8,083 shares for an estimated $6,104,152.
- KIAN FATT CHONG (EVP Global Operations) sold 5,846 shares for an estimated $2,434,740
- JAMES CI LEE (EVP & CLO) has made 0 purchases and 3 sales selling 1,933 shares for an estimated $1,616,286.
- STEPHANIE TILENIUS has made 0 purchases and 2 sales selling 1,580 shares for an estimated $1,211,249.
- YOLANDA LEE CONYERS has made 0 purchases and 2 sales selling 1,500 shares for an estimated $959,190.
- PRAT BHATT sold 1,000 shares for an estimated $929,880
- SHANKAR ARUMUGAVELU sold 1,000 shares for an estimated $927,680
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
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$STX Hedge Fund Activity
We have seen 1,052 institutional investors add shares of $STX stock to their portfolio, and 679 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SANDERS CAPITAL, LLC removed 9,409,982 shares (-73.0%) from their portfolio in Q2 2026, for an estimated $9,080,632,630
- JPMORGAN CHASE & CO added 5,201,103 shares (+inf%) to their portfolio in Q2 2026, for an estimated $5,019,064,395
- FMR LLC added 4,417,259 shares (+117.5%) to their portfolio in Q1 2026, for an estimated $1,730,505,385
- NOMURA ASSET MANAGEMENT INTERNATIONAL INC. added 1,799,482 shares (+36716.6%) to their portfolio in Q1 2026, for an estimated $704,965,068
- DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN removed 1,796,170 shares (-33.2%) from their portfolio in Q1 2026, for an estimated $703,667,559
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 1,759,568 shares (-55.1%) from their portfolio in Q1 2026, for an estimated $689,328,359
- CAPITAL RESEARCH GLOBAL INVESTORS removed 1,409,289 shares (-24.6%) from their portfolio in Q2 2026, for an estimated $1,359,963,885
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$STX Congressional Stock Trading
Members of Congress have traded $STX stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $STX stock by members of Congress over the last 6 months:
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
$STX Analyst Ratings
Wall Street analysts have issued reports on $STX in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Barclays issued a "Overweight" rating on 04/30/2026
- TD Cowen issued a "Buy" rating on 04/29/2026
To track analyst ratings and price targets for $STX, check out Quiver Quantitative's $STX forecast page.
$STX Price Targets
Multiple analysts have issued price targets for $STX recently. We have seen 15 analysts offer price targets for $STX in the last 6 months, with a median target of $1000.0.
Here are some recent targets:
- Mehdi Hosseini from Susquehanna set a target price of $775.0 on 07/08/2026
- Wamsi Mohan from B of A Securities set a target price of $1150.0 on 07/01/2026
- C.J. Muse from Cantor Fitzgerald set a target price of $1300.0 on 06/29/2026
- Erik Woodring from Morgan Stanley set a target price of $1035.0 on 06/15/2026
- Samik Chatterjee from JP Morgan set a target price of $920.0 on 06/12/2026
- Vijay Rakesh from Mizuho set a target price of $1090.0 on 06/08/2026
- Asiya Merchant from Citigroup set a target price of $1150.0 on 06/02/2026
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
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Seagate rises as upbeat AI storage outlook and sector strength continue to support shares
Seagate Technology (STX) is up 7.0% today. Here is some analysis on what might have caused this price movement.
Analysis: The most likely driver is continued investor enthusiasm after Seagate posted a strong fiscal fourth-quarter beat and issued fiscal first-quarter guidance well above Wall Street expectations in late July. This could also reflect a broader rebound in memory and storage names, with investors leaning back into AI infrastructure suppliers after a recent sector pullback.
Details:
Sources:
Seagate, SEC, Reuters
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
$STX Insider Trading Activity
$STX insiders have traded $STX stock on the open market 330 times in the past 6 months. Of those trades, 0 have been purchases and 330 have been sales.
Here’s a breakdown of recent trading of $STX stock by insiders over the last 6 months:
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$STX Hedge Fund Activity
We have seen 1,052 institutional investors add shares of $STX stock to their portfolio, and 679 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$STX Congressional Stock Trading
Members of Congress have traded $STX stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $STX stock by members of Congress over the last 6 months:
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
$STX Analyst Ratings
Wall Street analysts have issued reports on $STX in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
To track analyst ratings and price targets for $STX, check out Quiver Quantitative's $STX forecast page.
$STX Price Targets
Multiple analysts have issued price targets for $STX recently. We have seen 15 analysts offer price targets for $STX in the last 6 months, with a median target of $1000.0.
Here are some recent targets:
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
Read full article here »