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

Shares of Seagate Technology Holdings PLC (NASDAQ:STX) reached a new 52-week high during mid-day trading on Monday after Morgan Stanley raised their price target on the stock from $468.00 to $582.00. Morgan Stanley currently has an overweight rating on the stock. Seagate Technology traded as high as $470.23 and last traded at $461.7830, with a volume of 1411463 shares. The stock had previously closed at $429.36.

Several other brokerages have also weighed in on STX. Barclays increased their target price on Seagate Technology from $370.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 28th. TD Cowen raised their price objective on Seagate Technology from $340.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. BNP Paribas Exane raised their price objective on Seagate Technology from $430.00 to $530.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Evercore raised their price objective on Seagate Technology from $330.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Finally, Rosenblatt Securities raised their price objective on Seagate Technology from $370.00 to $500.00 and gave the company a “buy” rating in a research report 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $469.75.

Insider Buying and Selling

In other Seagate Technology news, EVP Kian Fatt Chong sold 5,846 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $416.48, for a total value of $2,434,742.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ban Seng Teh sold 20,195 shares of Seagate Technology stock in a transaction dated 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 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 113,635 shares of company stock valued at $47,133,843 over the last ninety days. 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: Morgan Stanley upgrade and big price‑target raise bolstered investor conviction; the firm moved STX to “overweight” and raised its target (cited by multiple outlets), which triggered fresh buying and institutional interest. Seagate Leads Data Storage and Memory Stocks Higher. Morgan Stanley Says It’s a ‘Top Pick’
• Positive Sentiment: AI/data‑center thematic lift — analysts and columnists are flagging Seagate as a direct beneficiary of NVIDIA‑driven data‑center expansion (storage is a bottleneck), supporting revenue/backlog momentum and continued institutional buying. These 4 Stocks Are Quietly Riding NVIDIA’s Data Center Boom Higher (STX)
• Positive Sentiment: Technical/momentum breakout commentary — market writers noted STX clearing resistance and testing fresh highs, which can attract momentum traders and ETFs tracking performance. Seagate Stock Soars To Fresh Highs: What To Watch
• Neutral Sentiment: Short‑term market bid from macro headlines (ceasefire optimism) lifted US indices broadly — an external tailwind that helped tech and semiconductor/storage names, including STX. This is market‑wide and may fade if macro news changes. Nasdaq 100: Seagate, Micron Lift US Indices on Ceasefire Optimism
• Negative Sentiment: Medium‑term risk: analysts and commentators caution that the AI/data‑center buildout could decelerate after the initial wave (potential easing of order backlogs in 2027), which would reduce urgency and could pressure multiples if growth slows. Monitor order backlog and forward earnings revisions. These 4 Stocks Are Quietly Riding NVIDIA’s Data Center Boom Higher (STX)

Institutional Trading of Seagate Technology

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hsbc Holdings PLC increased its position in shares of 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 acquiring an additional 85,246 shares during the last quarter. Stance Capital LLC purchased a new stake in shares of Seagate Technology during the fourth quarter worth about $2,288,000. World Investment Advisors increased its position in shares of 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 acquiring an additional 226 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of 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 acquiring an additional 5,590 shares during the last quarter. Finally, Pure Financial Advisors LLC increased its position in shares of 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 acquiring an additional 95 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology Stock Performance

The firm has a market capitalization of $98.85 billion, a PE ratio of 51.28, a price-to-earnings-growth ratio of 0.95 and a beta of 1.61. 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 50-day moving average price of $406.24 and a 200-day moving average price of $316.98.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. The business had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, research analysts expect that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s dividend payout ratio (DPR) 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.