Seagate Technology (NASDAQ:STX) Trading 1.3% Higher After Analyst Upgrade

Seagate Technology Holdings PLC (NASDAQ:STX) shares shot up 1.3% during mid-day 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. 3,151,724 shares traded hands during trading, a decline of 22% from the average session volume of 4,059,749 shares. The stock had previously closed at $579.88.

Other equities analysts also recently issued reports about the stock. Mizuho lifted their price objective on shares of Seagate Technology from $475.00 to $565.00 and gave the stock an “outperform” rating in a report on Friday, April 10th. Citigroup lifted their price objective on shares of Seagate Technology from $480.00 to $595.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Wells Fargo & Company boosted their price target on shares of Seagate Technology from $360.00 to $450.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a report on Friday, March 27th. Finally, Morgan Stanley boosted their price target on shares of Seagate Technology from $468.00 to $582.00 and gave the stock an “overweight” rating in a report on Monday, April 6th. Twenty analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $514.13.

Insiders Place Their Bets

In related news, CEO William D. Mosley sold 20,000 shares of the business’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 directly 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 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, EVP James Ci Lee sold 673 shares of the business’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $348.85, for a total value of $234,776.05. Following the completion of the sale, the executive vice president owned 257 shares in the company, valued at $89,654.45. This represents a 72.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 112,223 shares of company stock worth $46,711,217 in the last ninety days. 0.79% of the stock is owned by corporate insiders.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Barclays upgraded STX to Overweight (Buy) and raised its price target sharply to $625 from $425, citing more runway in the HDD/AI cycle — a major catalyst supporting further upside. Barclays Just Lifted Seagate Price Target From $425 to $625
• Positive Sentiment: Seagate rolled out new high‑capacity consumer/prosumer storage aimed at AI, gaming and creative workflows — product expansion that supports revenue growth from the ongoing consumer data explosion. Seagate Introduces Storage Built for Consumer Data Explosion
• Positive Sentiment: Other brokerages have turned more bullish recently (Bank of America raised its target; UBS has positive commentary), adding to analyst momentum and reinforcing the narrative of sustainable demand from AI and data center customers. Bank of America Increases Seagate Technology Price Target
• Neutral Sentiment: Defiance launched a 2x single‑stock ETF (STXL) that gives traders leveraged exposure to STX — likely to increase trading volume and short‑term volatility but not directly change fundamentals. Defiance Launches STXL: 2X Leveraged ETF on Seagate Technology Holdings plc
• Neutral Sentiment: Widespread media coverage highlighting Seagate’s AI‑driven demand and record highs is amplifying investor attention and flows — helpful for momentum but not a fundamental change by itself. Why Seagate (STX) Stock Is Trading Up Today
• Negative Sentiment: Valuation and volatility risks: after a very large rally, analysts and articles note stretched multiples and the potential for sharp swings; leveraged products and elevated expectations increase downside risk if AI demand normalizes. What’s driving Seagate Technology stock to all-time highs?

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 STX. National Pension Service increased its position in shares of Seagate Technology by 28.0% during the third quarter. National Pension Service now owns 250,121 shares of the data storage provider’s stock valued at $59,044,000 after buying an additional 54,722 shares during the period. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Seagate Technology during the third quarter valued at about $1,864,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Seagate Technology by 1.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider’s stock valued at $142,874,000 after buying an additional 6,028 shares during the period. Keystone Investors PTE Ltd. increased its position in shares of Seagate Technology by 55.7% during the third quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider’s stock valued at $11,879,000 after buying an additional 18,000 shares during the period. Finally, Vision Financial Markets LLC grew its holdings in shares of Seagate Technology by 341.7% during the third quarter. Vision Financial Markets LLC now owns 5,300 shares of the data storage provider’s stock worth $1,251,000 after purchasing an additional 4,100 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Stock Up 1.3%

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 company has a market cap of $128.14 billion, a PE ratio of 66.47, a price-to-earnings-growth ratio of 0.93 and a beta of 1.61. The company has a fifty day moving average price of $431.56 and a 200 day moving average price of $340.81.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 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 analyst estimates of $2.73 billion. During the same quarter in the previous year, the firm earned $2.03 earnings per share. Seagate Technology’s revenue was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, analysts anticipate that Seagate Technology Holdings PLC will post 12.13 EPS for the current year.

Seagate Technology Dividend Announcement

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