Seagate Technology (NASDAQ:STX) Trading Up 3.6% on Analyst Upgrade

Shares of Seagate Technology Holdings PLC (NASDAQ:STX) were up 3.6% on Wednesday after Barclays upgraded the stock from an equal weight rating to an overweight rating. Barclays now has a $625.00 price target on the stock, up from their previous price target of $425.00. Seagate Technology traded as high as $586.00 and last traded at $579.88. Approximately 3,078,752 shares traded hands during trading, a decline of 24% from the average daily volume of 4,059,085 shares. The stock had previously closed at $559.90.

Other equities research analysts have also issued research reports about the company. UBS Group boosted their price objective on Seagate Technology from $440.00 to $515.00 and gave the stock a “neutral” rating in a research report on Tuesday. Evercore boosted their price objective on Seagate Technology from $450.00 to $550.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Sanford C. Bernstein boosted their price objective on Seagate Technology from $500.00 to $620.00 and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Wedbush boosted their price objective 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, Argus upped their price target on Seagate Technology from $300.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Twenty analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $514.13.

Insider Transactions at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $420.73, for a total value of $8,414,600.00. Following the sale, the chief executive officer owned 355,591 shares in the company, valued at approximately $149,607,801.43. The trade was a 5.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jay L. Geldmacher sold 925 shares of the company’s stock in a transaction dated 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 sale, the director owned 223 shares in the company, valued at $99,908.46. This trade represents a 80.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 112,223 shares of company stock worth $46,711,217. 0.79% of the stock is currently owned by insiders.

Trending Headlines about Seagate Technology

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)

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cornerstone Wealth Group LLC lifted its stake in shares of Seagate Technology by 0.5% in the 1st quarter. Cornerstone Wealth Group LLC now owns 3,542 shares of the data storage provider’s stock valued at $1,388,000 after purchasing an additional 19 shares during the period. Gateway Investment Advisers LLC lifted its stake in shares of Seagate Technology by 1.8% in the 4th quarter. Gateway Investment Advisers LLC now owns 1,399 shares of the data storage provider’s stock valued at $385,000 after purchasing an additional 25 shares during the period. Trajan Wealth LLC lifted its stake in shares of Seagate Technology by 1.9% in the 4th quarter. Trajan Wealth LLC now owns 1,325 shares of the data storage provider’s stock valued at $365,000 after purchasing an additional 25 shares during the period. Fortis Capital Management LLC lifted its stake in shares of Seagate Technology by 1.1% in the 4th quarter. Fortis Capital Management LLC now owns 2,557 shares of the data storage provider’s stock valued at $704,000 after purchasing an additional 27 shares during the period. Finally, EWA LLC lifted its stake in shares of Seagate Technology by 2.1% in the 4th quarter. EWA LLC now owns 1,370 shares of the data storage provider’s stock valued at $377,000 after purchasing an additional 28 shares during the period. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology Price Performance

The company has a market capitalization of $126.46 billion, a price-to-earnings ratio of 65.60, a P/E/G ratio of 0.93 and a beta of 1.61. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. The business has a 50 day moving average price of $431.56 and a 200-day moving average price of $340.81.

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 analysts’ consensus estimates of $2.77 by $0.34. The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The firm’s revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.03 EPS. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Research analysts predict that Seagate Technology Holdings PLC will post 12.13 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

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