Seagate Technology (NASDAQ:STX) Stock Price Up 2.1% After Analyst Upgrade

Shares of Seagate Technology Holdings PLC (NASDAQ:STX) traded up 2.1% during mid-day trading on Tuesday after Citigroup raised their price target on the stock from $1,150.00 to $1,240.00. Citigroup currently has a buy rating on the stock. Seagate Technology traded as high as $906.30 and last traded at $878.31. Approximately 3,717,800 shares traded hands during trading, a decline of 12% from the average session volume of 4,241,542 shares. The stock had previously closed at $860.66.

STX has been the subject of several other research reports. Zacks Research cut shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Bank of America increased their price objective on Seagate Technology from $1,000.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Mizuho lifted their target price on Seagate Technology from $875.00 to $1,090.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. BNP Paribas Exane boosted their target price on Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company upgraded Seagate Technology from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $900.00 to $1,100.00 in a report on Friday. Twenty-two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $898.52.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP John Christopher Morris sold 5,626 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $738.37, for a total transaction of $4,154,069.62. Following the completion of the sale, the executive vice president owned 11,954 shares in the company, valued at approximately $8,826,474.98. The trade was a 32.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 30,000 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $751.29, for a total value of $22,538,700.00. Following the completion of the transaction, the chief executive officer directly owned 339,591 shares in the company, valued at approximately $255,131,322.39. This trade represents a 8.12% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 151,069 shares of company stock valued at $126,191,753 in the last three months. Insiders own 0.79% of the company’s stock.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Analysts remain constructive on Seagate’s long-term setup, with Wells Fargo upgrading the stock to Overweight and Citi raising its price target to $1,240, citing demand for high-capacity storage tied to cloud and AI infrastructure spending. Seagate Technology Holdings (STX) Gets A Wells Fargo Upgrade, Is It Still 5% Undervalued?
• Positive Sentiment: Seagate and other memory names are being highlighted as attractive after the recent sell-off because AI demand, improving pricing, and lower valuations could support a rebound. Why You Must Buy These 4 Memory Stocks After the Recent Sell-Off
• Neutral Sentiment: Investors are waiting for Seagate’s Q4 2026 earnings release to see whether strong AI and cloud storage demand can translate into another beat and solid guidance. What to expect from Seagate Technology’s Q4 2026 earnings report
• Neutral Sentiment: Seagate continues to position itself for AI storage growth and higher-capacity HDD expansion, which supports the long-term investment case but is still dependent on execution and demand trends. Seagate Technology (STX) Positions for AI Storage Growth Amid Cloud Demand and High-Capacity HDD Expansion – Share Repurchase Impact
• Negative Sentiment: STX has been pressured by a sector-wide pullback in memory and AI chip stocks after weak commentary from SK Hynix reignited worries about AI demand, inventory levels, and cloud capex, which has hurt sentiment across the storage group. Sandisk Just Had Its Price Target More Than Doubled by This Analyst. Why the Stock Is Falling.

Institutional Investors Weigh In On Seagate Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC boosted its holdings in Seagate Technology by 124.4% during the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after buying an additional 51 shares during the last quarter. Rakuten Securities Inc. grew its position in shares of Seagate Technology by 884.2% during the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after buying an additional 168 shares during the period. Armstrong Advisory Group Inc. acquired a new position in shares of Seagate Technology during the 4th quarter worth about $28,000. Avion Wealth increased its stake in shares of Seagate Technology by 343.5% in the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 79 shares during the last quarter. Finally, Concord Wealth Partners bought a new stake in shares of Seagate Technology in the 4th quarter valued at about $28,000. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Up 2.1%

The business’s 50-day moving average is $884.34 and its two-hundred day moving average is $576.82. The firm has a market capitalization of $196.94 billion, a price-to-earnings ratio of 83.33 and a beta of 2.04. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The firm had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter in the previous year, the company earned $1.90 earnings per share. The business’s revenue for the quarter was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, equities analysts anticipate that Seagate Technology Holdings PLC will post 14.14 earnings per share for the current year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th were given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, June 24th. Seagate Technology’s dividend payout ratio (DPR) is currently 28.08%.

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.