Seagate Technology (NASDAQ:STX) Trading Up 1.3% Following Analyst Upgrade

Shares of Seagate Technology Holdings PLC (NASDAQ:STX) were up 1.3% during trading on Thursday 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 $607.89 and last traded at $587.62. Approximately 3,151,724 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 4,059,749 shares. The stock had previously closed at $579.88.

Other analysts have also issued reports about the company. Wedbush lifted 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. The Goldman Sachs Group lifted their price objective on Seagate Technology from $310.00 to $385.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Loop Capital lifted their price objective on Seagate Technology from $465.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Sanford C. Bernstein lifted 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. Finally, Susquehanna lifted their price objective on Seagate Technology from $420.00 to $485.00 and gave the stock a “neutral” rating in a research report on Friday, April 10th. Twenty research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $514.13.

Insider Transactions at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 24,584 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $406.77, for a total value of $10,000,033.68. Following the transaction, the chief executive officer owned 375,591 shares of the company’s stock, valued at approximately $152,779,151.07. This represents a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jay L. Geldmacher sold 925 shares of the 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 transaction, the director directly owned 223 shares in the company, valued at $99,908.46. The trade was a 80.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 112,223 shares of company stock valued at $46,711,217. Corporate insiders own 0.79% of the company’s stock.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Barclays upgraded STX to Overweight and raised its price target to $625, citing more runway in the HDD/AI cycle and room for further gains — a high-profile upgrade that likely prompted buying and lifted sentiment. Barclays Just Lifted Seagate Price Target From $425 to $625
• Positive Sentiment: Other broker bullishness (Bank of America, UBS and average broker sentiment moving toward “moderate buy”) has reinforced the upgrade momentum and raised investor conviction on STX’s earnings leverage to AI/data growth. Seagate Receives Average Recommendation of “Moderate Buy”
• Positive Sentiment: Seagate unveiled new high-capacity consumer and prosumer storage aimed at gaming and AI-driven creative workloads — product wins that support revenue growth narratives and the company’s positioning in expanding data-center and edge storage markets. Seagate Introduces Storage Built for Consumer Data Explosion
• Positive Sentiment: Recent coverage highlights Seagate’s strong top-line momentum and AI-driven demand (analysts pointing to another leg of the rally after big revenue beats), which supports higher multiple expansion. Why Seagate (STX) Stock Is Trading Up Today
• Neutral Sentiment: Defiance launched a 2x single-stock ETF (STXL) for STX, which can boost short-term volume and volatility by making leveraged exposure easier for traders — increases liquidity but also risk. Defiance Launches STXL: 2X Leveraged ETF on Seagate Technology Holdings plc
• Neutral Sentiment: Media/TV mentions (e.g., CNBC/Cramer roundups) keep Seagate in the spotlight; useful for retail interest but not a direct fundamental driver. Cramer Names ‘The Stocks That Got Away’
• Negative Sentiment: Valuation and leverage are potential headwinds — STX now trades at a high P/E and carries significant net leverage (debt-to-equity materially elevated), which raises downside risk if AI storage demand normalizes or growth disappoints.

Hedge Funds Weigh In On Seagate Technology

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Seagate Technology by 1.6% in the third quarter. Vanguard Group Inc. now owns 28,140,287 shares of the data storage provider’s stock valued at $6,642,796,000 after buying an additional 442,749 shares during the period. State Street Corp increased its holdings in shares of Seagate Technology by 1.0% in the fourth quarter. State Street Corp now owns 9,370,805 shares of the data storage provider’s stock worth $2,587,535,000 after acquiring an additional 94,527 shares in the last quarter. Morgan Stanley increased its holdings in shares of Seagate Technology by 5.1% in the fourth quarter. Morgan Stanley now owns 5,317,516 shares of the data storage provider’s stock worth $1,464,391,000 after acquiring an additional 258,151 shares in the last quarter. WCM Investment Management LLC bought a new stake in shares of Seagate Technology in the third quarter worth about $1,187,621,000. Finally, Geode Capital Management LLC increased its holdings in shares of Seagate Technology by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 4,896,815 shares of the data storage provider’s stock worth $1,343,683,000 after acquiring an additional 234,436 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Stock Up 1.3%

The firm has a fifty day simple moving average of $434.69 and a 200-day simple moving average of $342.52. The company has a market capitalization of $128.14 billion, a P/E ratio of 66.47, a P/E/G ratio of 0.96 and a beta of 1.61. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.34. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the company earned $2.03 earnings per share. The company’s revenue for the quarter 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, equities research analysts expect that Seagate Technology Holdings PLC will post 12.13 EPS for the current fiscal year.

Seagate Technology Announces Dividend

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