Seagate shares jump as AI storage optimism and earnings anticipation fuel rebound

Seagate Technology Holdings plc (STX) is up 7.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a rebound in storage and memory names after a prior sector selloff, with investors rotating back into companies seen as beneficiaries of AI infrastructure spending. Seagate also entered the session with a supportive backdrop from earlier strong quarterly results, above-consensus forward guidance, and fresh enthusiasm ahead of its July 28, 2026 earnings report.

Details:

Seagate’s fiscal third-quarter 2026 results showed revenue of $3.11 billion and non-GAAP EPS of $4.10, both ahead of expectations, while management highlighted AI-driven data creation and sustained storage demand.

The company guided fiscal fourth-quarter revenue to about $3.45 billion, plus or minus $100 million, and adjusted EPS to about $5.00, plus or minus $0.20, signaling continued momentum into the next report.

Seagate announced on July 14 that it will report fiscal fourth-quarter and full-year 2026 results on July 28, giving traders a near-term catalyst and likely increasing positioning ahead of the release.

This could also be because sentiment toward AI-linked storage hardware improved again after recent analyst target increases and renewed focus on the role of high-capacity drives in hyperscale and enterprise data centers.

Sources:

Seagate, SEC, Investing.com

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 235 times in the past 6 months. Of those trades, 0 have been purchases and 235 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 175 sales selling 179,207 shares for an estimated $115,928,611.
BAN SENG TEH (EVP & Chief Commercial Officer) has made 0 purchases and 27 sales selling 36,744 shares for an estimated $22,490,481.
JOHN CHRISTOPHER MORRIS (EVP & CTO) has made 0 purchases and 20 sales selling 7,915 shares for an estimated $5,966,769.
KIAN FATT CHONG (EVP Global Operations) sold 5,846 shares for an estimated $2,434,740
GIANLUCA ROMANO (EVP & CFO) has made 0 purchases and 3 sales selling 2,253 shares for an estimated $1,904,809.
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
JAMES CI LEE (EVP & CLO) has made 0 purchases and 2 sales selling 1,370 shares for an estimated $751,371.
JAY L GELDMACHER sold 925 shares for an estimated $414,423

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 794 institutional investors add shares of $STX stock to their portfolio, and 559 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 4,417,259 shares (+117.5%) to their portfolio in Q1 2026, for an estimated $1,730,505,385
SANDERS CAPITAL, LLC removed 4,283,691 shares (-24.9%) from their portfolio in Q1 2026, for an estimated $1,678,178,786
BLACKROCK, INC. removed 1,842,843 shares (-11.4%) from their portfolio in Q1 2026, for an estimated $721,952,173
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 added 1,224,081 shares (+27.1%) to their portfolio in Q1 2026, for an estimated $479,545,972

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 Analyst Ratings

Wall Street analysts have issued reports on $STX in the last several months. We have seen 3 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
Rosenblatt issued a "Buy" rating on 01/28/2026

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 17 analysts offer price targets for $STX in the last 6 months, with a median target of $920.0.

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.