Seagate Technology (NASDAQ:STX) Rating Increased to Overweight at Barclays

Barclays upgraded shares of Seagate Technology (NASDAQ:STX) from an equal weight rating to an overweight rating in a research note issued to investors on Wednesday morning, MarketBeat.com reports. The brokerage currently has $625.00 price objective on the data storage provider’s stock, up from their prior price objective of $425.00.

Several other brokerages also recently commented on STX. Mizuho upped their price target on shares of Seagate Technology from $475.00 to $565.00 and gave the company an “outperform” rating in a research report on Friday, April 10th. Robert W. Baird upped their price target on shares of Seagate Technology from $270.00 to $505.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. upped their price target on shares of Seagate Technology from $525.00 to $600.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Bank of America upped their price target on shares of Seagate Technology from $450.00 to $605.00 and gave the company a “buy” rating in a research report on Monday. Finally, Cantor Fitzgerald upped their price target on shares of Seagate Technology from $500.00 to $650.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Twenty analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $514.13.

Seagate Technology Stock Up 3.6%

STX stock opened at $579.88 on Wednesday. Seagate Technology has a 12 month low of $77.56 and a 12 month high of $586.00. The firm has a market cap of $126.46 billion, a PE ratio of 65.60, a P/E/G ratio of 0.93 and a beta of 1.61. The firm has a 50 day simple moving average of $431.56 and a 200 day simple moving average of $340.81. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72.

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, beating the consensus estimate of $2.77 by $0.34. The business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities research analysts forecast that Seagate Technology will post 12.13 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th were given a $0.74 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a yield of 0.5%. Seagate Technology’s dividend payout ratio is presently 33.48%.

Insider Buying and Selling

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $420.73, for a total value of $8,414,600.00. Following the completion of the sale, the chief executive officer owned 355,591 shares in the company, valued at $149,607,801.43. This represents a 5.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kian Fatt Chong sold 5,846 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $416.48, for a total transaction of $2,434,742.08. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 112,223 shares of company stock worth $46,711,217. Insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Seagate Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Apollon Wealth Management LLC lifted its position in Seagate Technology by 19.6% in the 1st quarter. Apollon Wealth Management LLC now owns 14,716 shares of the data storage provider’s stock worth $5,765,000 after buying an additional 2,412 shares in the last quarter. Red Door Wealth Management LLC acquired a new position in shares of Seagate Technology during the 1st quarter worth $205,000. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Seagate Technology by 112.9% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,244 shares of the data storage provider’s stock worth $2,054,000 after purchasing an additional 2,781 shares during the last quarter. Gunderson Capital Management LLC acquired a new position in shares of Seagate Technology during the 1st quarter worth $4,123,000. Finally, Cornerstone Wealth Group LLC increased its stake in shares of Seagate Technology by 0.5% during the 1st quarter. Cornerstone Wealth Group LLC now owns 3,542 shares of the data storage provider’s stock worth $1,388,000 after purchasing an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Key Seagate Technology News

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

• Positive Sentiment: Big analyst upgrade and higher price target from Barclays — Barclays moved STX to Overweight (buy) and lifted its price target to $625, signaling more upside tied to the HDD/AI cycle. Barclays Just Lifted Seagate Price Target From $425 to $625
• Positive Sentiment: Additional bullish analyst moves — Bank of America and other brokers raised price targets and coverage consensus has moved toward a “moderate buy,” adding upward momentum. Seagate Receives Average Recommendation of “Moderate Buy” from Brokerages
• Positive Sentiment: Fundamentals and AI demand — Recent commentary and reports point to strong AI-driven storage demand and revenue/earnings upside (recent quarters showed double‑digit revenue growth), underpinning the rally to record highs. Seagate Stock Upgraded To Buy Rating. Here’s Why There Is ‘Another Leg’ To AI-Fueled Rally.
• Neutral Sentiment: Momentum and market coverage — Multiple market outlets (Zacks, MSN, Benzinga) are highlighting STX as a top momentum/growth stock, which can extend runs but also attracts short-term traders. Here’s Why Seagate (STX) is a Strong Growth Stock
• Neutral Sentiment: Upcoming earnings and guidance scrutiny — Wall Street expects further earnings growth and Seagate has near-term guidance that investors will parse closely; beats could reinforce the rally, misses could reverse it. Seagate (STX) Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Valuation and balance-sheet risks — Commentators warn the stock is richly valued after a multi-hundred-percent run; Seagate’s high debt-to-equity ratio and atypical ROE metrics are risk factors if demand or pricing softens. Is Western Digital Stock a Buy, Sell, or Hold After Hitting a 52-Week High?
• Negative Sentiment: Mixed analyst signals — Some firms (UBS noted in recent coverage) remain neutral or show less upside, leaving the path dependent on execution and AI capacity demand sustaining high growth. Benzinga coverage (UBS price-target mention)

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.