Seagate Technology (NASDAQ:STX) Trading 11.4% Higher After Analyst Upgrade

Shares of Seagate Technology Holdings PLC (NASDAQ:STX) rose 11.4% during mid-day trading on Thursday after Barclays raised their price target on the stock from $1,000.00 to $1,250.00. Barclays currently has an overweight rating on the stock. Seagate Technology traded as high as $901.18 and last traded at $851.68. 7,289,808 shares changed hands during trading, an increase of 65% from the average daily volume of 4,405,921 shares. The stock had previously closed at $764.43.

STX has been the subject of a number of other reports. Argus raised their price objective on Seagate Technology from $750.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup increased their target price on shares of Seagate Technology from $1,240.00 to $1,300.00 and gave the stock a “buy” rating in a research note on Wednesday. Sanford C. Bernstein reissued an “outperform” rating and issued a $1,350.00 price target on shares of Seagate Technology in a research note on Wednesday. The Goldman Sachs Group upped their price objective on shares of Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, China Renaissance increased their price objective on shares of Seagate Technology from $802.00 to $983.00 in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Seagate Technology currently has an average rating of “Moderate Buy” and a consensus price target of $986.00.

Insider Transactions at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 8,003 shares of Seagate Technology stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $817.28, for a total value of $6,540,691.84. Following the completion of the transaction, the executive vice president directly owned 3,691 shares of the company’s stock, valued at $3,016,580.48. The trade was a 68.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William D. Mosley sold 30,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $751.29, for a total transaction of $22,538,700.00. Following the sale, the chief executive officer owned 339,591 shares in the company, valued at $255,131,322.39. This trade represents a 8.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 151,069 shares of company stock valued at $126,191,753. Insiders own 0.79% of the company’s stock.

More Seagate Technology News

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

• Positive Sentiment: Results substantially exceeded expectations. Seagate reported non-GAAP EPS of $5.71 versus the $5.10 consensus and revenue of $3.63 billion versus $3.50 billion. Revenue grew 48.5% year over year, while net income, margins and free cash flow reached record levels. Seagate Technology Reports Fiscal Fourth Quarter and Fiscal Year 2026 Financial Results
• Positive Sentiment: Guidance pointed to continued earnings momentum. Fiscal first-quarter 2027 EPS guidance of $7.10–$7.50 and revenue guidance of $4.0–$4.2 billion were well above Wall Street expectations, reinforcing confidence in demand and pricing power. Seagate forecasts upbeat quarter on strong AI-driven storage demand
• Positive Sentiment: AI-related storage demand is the primary growth catalyst. Cloud customers are reserving high-capacity nearline drives, with supply reportedly allocated through 2028. Seagate’s Mozaic and heat-assisted magnetic recording (HAMR) technologies, including drives reaching up to 44TB, could support higher capacity, operating leverage and cash generation. How Seagate’s HAMR Shift Is Driving the Next AI Storage Growth Wave
• Positive Sentiment: Analyst sentiment strengthened. Argus, Barclays, JPMorgan, Wells Fargo, TD Cowen, Wedbush, Citi and Rosenblatt all raised price targets, while Zacks upgraded STX to “strong buy.” Is STX Stock Still Attractive After Its Massive 2026 Price Rally?
• Neutral Sentiment: Seagate also declared a quarterly dividend of $0.74 per share, providing a modest income component.
• Negative Sentiment: Valuation and execution risks remain. After a substantial 2026 rally, STX trades at a premium valuation, leaving less room for slower AI spending, supply disruptions or difficulties ramping HAMR and meeting elevated expectations. Valuation risks

Institutional Investors Weigh In On Seagate Technology

A number of hedge funds have recently added to or reduced their stakes in STX. Salomon & Ludwin LLC grew its stake in shares of Seagate Technology by 124.4% in the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 51 shares in the last quarter. Rakuten Securities Inc. raised its stake in shares of Seagate Technology by 884.2% in the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 168 shares in the last quarter. Avion Wealth raised its stake in shares of Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 79 shares in the last quarter. Concord Wealth Partners purchased a new position in Seagate Technology in the fourth quarter valued at $28,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Seagate Technology by 23.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock valued at $31,000 after purchasing an additional 15 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Price Performance

The stock has a market capitalization of $190.97 billion, a price-to-earnings ratio of 61.36 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. The company has a 50 day moving average of $895.22 and a 200 day moving average of $622.36.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, July 28th. The data storage provider reported $5.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.10 by $0.61. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.50 billion. Seagate Technology had a return on equity of 680.78% and a net margin of 26.11%.Seagate Technology’s revenue for the quarter was up 48.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.59 EPS. Seagate Technology has set its Q1 2027 guidance at 7.100-7.500 EPS. As a group, equities research analysts anticipate that Seagate Technology Holdings PLC will post 26.84 EPS for the current year.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, September 24th will be paid 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 is Thursday, September 24th. Seagate Technology’s dividend payout ratio is presently 21.33%.

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.