Barclays Issues Positive Forecast for Seagate Technology (NASDAQ:STX) Stock Price

Seagate Technology (NASDAQ:STX) had its price target boosted by Barclays from $370.00 to $425.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an equal weight rating on the data storage provider’s stock.

Several other analysts have also recently commented on the stock. Wells Fargo & Company upped their target price on shares of Seagate Technology from $360.00 to $450.00 and gave the company an “equal weight” rating in a research report on Wednesday. Argus upped their price objective on Seagate Technology from $170.00 to $300.00 and gave the company a “strong-buy” rating in a report on Thursday, October 30th. TD Cowen increased their target price on Seagate Technology from $340.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday. Wedbush boosted their target price on Seagate Technology from $290.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Finally, Rosenblatt Securities increased their price target on shares of Seagate Technology from $370.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $392.35.

Seagate Technology Stock Up 19.1%

Shares of STX stock opened at $442.93 on Wednesday. The firm has a market cap of $94.59 billion, a price-to-earnings ratio of 56.86, a PEG ratio of 1.08 and a beta of 1.60. Seagate Technology has a 12 month low of $63.19 and a 12 month high of $449.50. The stock has a 50-day moving average price of $297.13 and a 200 day moving average price of $235.15.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping the consensus estimate of $2.77 by $0.34. The company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 462.62%. Seagate Technology’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Sell-side analysts predict that Seagate Technology will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s payout ratio is 38.00%.

Insiders Place Their Bets

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the sale, the chief executive officer directly owned 429,895 shares in the company, valued at approximately $122,760,816.20. This trade represents a 4.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jay L. Geldmacher sold 1,250 shares of Seagate Technology stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $269.10, for a total transaction of $336,375.00. Following the completion of the transaction, the director directly owned 1,148 shares in the company, valued at approximately $308,926.80. The trade was a 52.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 125,479 shares of company stock worth $34,921,586 in the last three months. 0.79% of the stock is owned by corporate insiders.

Institutional Trading of Seagate Technology

Several hedge funds and other institutional investors have recently modified their holdings of STX. Vision Financial Markets LLC acquired a new position in Seagate Technology in the 2nd quarter valued at $173,000. Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Seagate Technology in the third quarter worth $1,864,000. Nordea Investment Management AB raised its stake in Seagate Technology by 18.0% in the second quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider’s stock valued at $2,632,000 after purchasing an additional 2,808 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd lifted its position in Seagate Technology by 185.8% during the second quarter. Central Asset Investments & Management Holdings HK Ltd now owns 18,734 shares of the data storage provider’s stock worth $2,704,000 after purchasing an additional 12,178 shares during the period. Finally, Channing Capital Management LLC bought a new stake in Seagate Technology during the second quarter worth about $4,542,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology News Roundup

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

• Positive Sentiment: Q2 results beat expectations — EPS $3.11 and revenue $2.83B, with record gross and operating margins; management raised Q3 EPS and revenue guidance, underpinning the rally. Seagate Reports Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: Management says demand is surging on AI-related storage needs and the company is effectively “sold out” through 2026, implying strong near-term revenue visibility and pricing power. Seagate Is Sold Out Through 2026, CEO Says
• Positive Sentiment: Multiple analysts bumped price targets and issued upgrades following the results; several shops (Cantor, Rosenblatt, TD Cowen) raised targets to $500, adding upward analyst momentum. Analyst Coverage & Price Target Moves
• Positive Sentiment: Market reaction: STX hit record highs and topped the S&P 500 performance amid the earnings/guidance news and analyst praise. Seagate surge tops S&P 500
• Neutral Sentiment: Seagate declared a $0.74 quarterly dividend (record March 25 / pay April 8) — modest yield that supports income-minded holders but is not a major valuation driver.
• Neutral Sentiment: Some firms raised targets but maintained neutral/equal-weight ratings (Wells Fargo, Barclays, UBS), reflecting a mix of enthusiasm for demand and caution about near-term valuation. Analyst Updates
• Negative Sentiment: Not all price targets moved above the current price — a few post-earnings targets (e.g., GS/UBS at ~385) remain below the market, highlighting divergent analyst views and potential downside if sentiment cools. Analyst Target Notes
• Negative Sentiment: Some coverage notes short-term “cooling off”/profit-taking after the sharp run-up, so momentum-dependent traders face volatility risk even with strong fundamentals. Seagate cools off despite strong Q2

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.