Seagate Technology (NASDAQ:STX) Trading 3.7% Higher on Analyst Upgrade

Seagate Technology Holdings PLC (NASDAQ:STX) shares traded up 3.7% on Tuesday after UBS Group raised their price target on the stock from $440.00 to $515.00. UBS Group currently has a neutral rating on the stock. Seagate Technology traded as high as $567.70 and last traded at $559.90. 3,525,988 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 4,082,402 shares. The stock had previously closed at $539.75.

STX has been the topic of a number of other research reports. Cantor Fitzgerald upped their price target on Seagate Technology from $500.00 to $650.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. upped their target price on Seagate Technology from $525.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Mizuho upped their target price on Seagate Technology from $475.00 to $565.00 and gave the company an “outperform” rating in a research note on Friday, April 10th. Robert W. Baird upped their target price on Seagate Technology from $270.00 to $505.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Finally, The Goldman Sachs Group upped their target price on Seagate Technology from $310.00 to $385.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Nineteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Seagate Technology currently has an average rating of “Moderate Buy” and a consensus target price of $505.79.

Insider Buying and Selling

In other Seagate Technology news, EVP Ban Seng Teh sold 20,195 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $442.29, for a total value of $8,932,046.55. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jay L. Geldmacher sold 925 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $448.02, for a total value of $414,418.50. Following the completion of the transaction, the director owned 223 shares of the company’s stock, valued at $99,908.46. This trade represents a 80.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 112,223 shares of company stock worth $46,711,217 in the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Wall Street earnings preview: Analysts expect Seagate to report strong growth and the setup points toward a likely earnings beat when STX reports next week — a near-term catalyst that can support the stock. Seagate (STX) Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Bank of America raised its price target to $605 and boosted Seagate’s forward revenue and EPS estimates, signaling increased confidence in sustained demand into fiscal 2026 — a clear analyst endorsement that supports upside. Seagate Technology price target boosted by Bank of America ahead of quarterly report
• Positive Sentiment: AI/data-center theme: Industry pieces name Seagate as a primary beneficiary of the multi-year AI data-center buildout, reinforcing secular demand for storage capacity that underpins revenue visibility. 5 Stocks Positioned to Win the AI Data Center Buildout (STX)
• Positive Sentiment: Sector momentum: Forecasts on AI parts continue to point to upside for storage names like STX as data-center buildouts and component demand trend higher. SNDK, WDC and STX Forecasts – AI Parts Look to Rally
• Neutral Sentiment: Broad-market context: The Nasdaq’s recent win streak ended, creating short-term tech-sector volatility that could temper momentum for high-beta names like STX even as company-specific drivers remain positive. Nasdaq Finally Snaps Longest Win Streak Since 1992
• Negative Sentiment: UBS raised its price target to $515 but kept a Neutral rating — that PT sits below the current market level and may cap near-term upside while signaling some caution from a major desk. Benzinga coverage of UBS price-target move
• Negative Sentiment: Valuation and leverage concerns: Commentary highlighting STX’s large run (reported ~616% Y/Y) warns that the stock’s valuation looks stretched and that the company’s debt profile remains a risk if growth cools — key downsides investors should weigh. Seagate’s Massive 616% Run in a Year: Time to Buy, Sell, or Stay Put?

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of STX. Integrated Wealth Concepts LLC raised its holdings in Seagate Technology by 168.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after acquiring an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Seagate Technology in the 2nd quarter valued at $262,000. Cerity Partners LLC raised its holdings in Seagate Technology by 25.8% in the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock valued at $5,294,000 after acquiring an additional 7,517 shares during the last quarter. Sei Investments Co. raised its holdings in Seagate Technology by 64.8% in the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock valued at $1,233,000 after acquiring an additional 3,358 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Seagate Technology by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock valued at $18,458,000 after buying an additional 462 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Price Performance

The company’s 50 day moving average price is $428.10 and its 200-day moving average price is $339.13. The company has a market capitalization of $122.10 billion, a PE ratio of 63.34, a PEG ratio of 1.17 and a beta of 1.61. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the company earned $2.03 EPS. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, sell-side analysts forecast that Seagate Technology Holdings PLC will post 12.13 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $2.96 annualized dividend and a dividend yield of 0.5%. Seagate Technology’s payout ratio is currently 33.48%.

About Seagate Technology

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.