Seagate Technology (NASDAQ:STX) Sets New 52-Week High on Analyst Upgrade

Seagate Technology Holdings PLC (NASDAQ:STX) reached a new 52-week high on Friday after Susquehanna upgraded the stock from a negative rating to a neutral rating. Susquehanna now has a $280.00 price target on the stock, up from their previous price target of $150.00. Seagate Technology traded as high as $335.02 and last traded at $322.6020, with a volume of 356895 shares. The stock had previously closed at $320.32.

Several other research analysts have also recently weighed in on STX. Wedbush boosted their price objective on shares of Seagate Technology from $260.00 to $290.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Argus boosted their target price on Seagate Technology from $170.00 to $300.00 and gave the stock a “strong-buy” rating in a research report on Thursday, October 30th. Fox Advisors boosted their price objective on Seagate Technology from $245.00 to $270.00 in a report on Wednesday, October 29th. Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 2nd. Finally, Wells Fargo & Company lifted their price target on shares of Seagate Technology from $250.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.39.

Insider Activity at Seagate Technology

In other Seagate Technology news, CFO Gianluca Romano sold 54,021 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $285.16, for a total transaction of $15,404,628.36. Following the sale, the chief financial officer directly owned 56,293 shares of the company’s stock, valued at approximately $16,052,511.88. This represents a 48.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephanie Tilenius sold 2,046 shares of Seagate Technology stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $266.41, for a total transaction of $545,074.86. Following the completion of the transaction, the director directly owned 12,244 shares of the company’s stock, valued at approximately $3,261,924.04. This trade represents a 14.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 132,557 shares of company stock worth $36,847,793. Insiders own 0.79% of the company’s stock.

Key Headlines Impacting Seagate Technology

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: China Renaissance raised its price target to $452 and maintained a “buy” rating — a large upside (~41% from recent levels) that supports further upside expectations for STX. China Renaissance raises PT to $452
• Positive Sentiment: Barclays bumped its target to $370 and kept an “equal weight” rating — another notable upgrade that adds institutional validation to the stock’s rally. Barclays raises PT to $370
• Positive Sentiment: Wells Fargo raised its target to $360 (still “equal weight”), signaling broader analyst re‑rating of Seagate amid stronger end‑market demand expectations. Wells Fargo raises PT to $360
• Positive Sentiment: Media coverage and analyst commentary point to an AI‑driven memory/mass‑storage rally benefiting STX and peers — Susquehanna and others highlighted the sector strength on a recent segment. STX & WDC Gain Analyst Support Amid Surging Memory Chip Rally
• Neutral Sentiment: A Zacks piece lists Seagate among technology solutions beneficiaries (multi‑cloud and integrated systems demand) — supportive context but not company‑specific new data. 4 Stocks to Watch From a Prospering Technology Solutions Industry
• Neutral Sentiment: Susquehanna formally moved Seagate from “negative” to “neutral” with a $280 target — an upgrade in tone but a target below current market levels, creating a mixed signal for investors. Susquehanna moves STX to neutral, PT $280
• Negative Sentiment: Insider activity: EVP Ban Seng Teh sold 1,412 shares (~$299 avg), trimming his stake. Insider sales can weigh on sentiment even if not large relative to holdings. SEC Form 4: Ban Seng Teh sale

Institutional Investors Weigh In On Seagate Technology

Several hedge funds have recently bought and sold shares of the stock. Sovereign Financial Group Inc. grew its position in shares of Seagate Technology by 3.2% in the fourth quarter. Sovereign Financial Group Inc. now owns 1,063 shares of the data storage provider’s stock valued at $293,000 after purchasing an additional 33 shares during the last quarter. Pallas Capital Advisors LLC grew its holdings in Seagate Technology by 0.6% in the 4th quarter. Pallas Capital Advisors LLC now owns 5,446 shares of the data storage provider’s stock valued at $1,500,000 after buying an additional 33 shares in the last quarter. West Family Investments Inc. grew its holdings in Seagate Technology by 2.7% in the 3rd quarter. West Family Investments Inc. now owns 1,428 shares of the data storage provider’s stock valued at $337,000 after buying an additional 37 shares in the last quarter. Capital Investment Advisors LLC increased its position in Seagate Technology by 1.9% during the 4th quarter. Capital Investment Advisors LLC now owns 1,950 shares of the data storage provider’s stock worth $537,000 after buying an additional 37 shares during the period. Finally, United Community Bank increased its position in Seagate Technology by 35.2% during the 3rd quarter. United Community Bank now owns 169 shares of the data storage provider’s stock worth $40,000 after buying an additional 44 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Stock Up 1.8%

The stock has a fifty day moving average price of $283.10 and a two-hundred day moving average price of $222.83. The company has a market cap of $69.67 billion, a price-to-earnings ratio of 41.88, a P/E/G ratio of 1.25 and a beta of 1.60.

Seagate Technology Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th were issued a dividend of $0.74 per share. This is a boost from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, December 24th. Seagate Technology’s payout ratio is 38.00%.

Seagate Technology Company Profile

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.