Seagate Technology (NASDAQ:STX) Sets New 1-Year High After Analyst Upgrade

Seagate Technology Holdings PLC (NASDAQ:STX)’s stock price reached a new 52-week high during mid-day trading on Tuesday after Citigroup raised their price target on the stock from $480.00 to $595.00. Citigroup currently has a buy rating on the stock. Seagate Technology traded as high as $522.80 and last traded at $505.7920, with a volume of 300349 shares traded. The stock had previously closed at $513.28.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. started coverage on shares of Seagate Technology in a report on Monday, March 30th. They set an “overweight” rating and a $525.00 price objective on the stock. Loop Capital boosted their price objective on shares of Seagate Technology from $465.00 to $700.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Bank of America boosted their price objective on shares of Seagate Technology from $320.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Susquehanna boosted their price objective on shares of Seagate Technology from $420.00 to $485.00 and gave the stock a “neutral” rating in a report on Friday, April 10th. Finally, TD Cowen boosted their price objective on shares of Seagate Technology from $340.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Nineteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus target price of $491.00.

Insiders Place Their Bets

In related news, EVP James Ci Lee sold 673 shares of the company’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $348.85, for a total value of $234,776.05. Following the sale, the executive vice president owned 257 shares of the company’s stock, valued at $89,654.45. The trade was a 72.37% 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, EVP Ban Seng Teh sold 20,195 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the completion of the sale, the executive vice president directly owned 3,092 shares in the company, valued at approximately $1,367,560.68. The trade was a 86.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 112,223 shares of company stock valued at $46,711,217 over the last 90 days. Company insiders own 0.79% of the company’s stock.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Citi raised its price target and reiterated a Buy, citing AI-driven data demand that strengthens storage pricing and revenue outlooks — a major analyst endorsement supporting the rally. Read More.
• Positive Sentiment: Seagate sold its Lyve Cloud business to Wasabi and took a shareholder stake, exiting direct cloud operations to double down on HDD growth (HAMR/Mozaic platforms). That sharpens capital allocation toward higher-margin, mass-capacity hardware — a strategic move investors view positively. Read More.
• Neutral Sentiment: Seagate will report fiscal Q3 2026 results after the close on April 28; the print and conference call are near-term catalysts that could reinforce or reverse current sentiment depending on revenue, margins and guidance. Read More.
• Neutral Sentiment: Coverage comparing Seagate to Western Digital highlights competitive dynamics in the AI-driven storage boom; some analysts prefer WDC on valuation/returns, which moderates upside narratives for STX. Read More.
• Negative Sentiment: Several pieces ask whether recent sharp gains leave Seagate overextended — noting big short‑ and medium‑term returns and higher multiples. Elevated valuation raises downside risk if earnings/guidance disappoint. Read More.
• Neutral Sentiment: Multiple outlets have raised price targets (various reports of $485–$595), reflecting broad analyst optimism tied to storage pricing and AI demand; this supports momentum but implies expectations are now higher. Read More.

Institutional Trading of Seagate Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC grew its stake in Seagate Technology by 97.9% during the fourth quarter. Hsbc Holdings PLC now owns 172,331 shares of the data storage provider’s stock worth $47,579,000 after buying an additional 85,246 shares during the last quarter. Stance Capital LLC bought a new stake in Seagate Technology during the fourth quarter worth about $2,288,000. World Investment Advisors grew its stake in Seagate Technology by 1.9% during the fourth quarter. World Investment Advisors now owns 11,832 shares of the data storage provider’s stock worth $3,258,000 after buying an additional 226 shares during the last quarter. Corient Private Wealth LLC grew its stake in Seagate Technology by 18.8% during the fourth quarter. Corient Private Wealth LLC now owns 35,378 shares of the data storage provider’s stock worth $9,745,000 after buying an additional 5,590 shares during the last quarter. Finally, Pure Financial Advisors LLC grew its stake in Seagate Technology by 8.6% during the fourth quarter. Pure Financial Advisors LLC now owns 1,201 shares of the data storage provider’s stock worth $331,000 after buying an additional 95 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Price Performance

The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. The stock has a market capitalization of $116.33 billion, a P/E ratio of 60.34, a PEG ratio of 1.11 and a beta of 1.61. The company’s 50 day simple moving average is $415.62 and its two-hundred day simple moving average is $328.78.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.34. The firm had revenue of $2.83 billion for 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 936.38%. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, equities analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th were given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Wednesday, March 25th. Seagate Technology’s dividend payout ratio is presently 33.48%.

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.