Seagate Technology (NASDAQ:STX) Stock Price Up 1.2% Following Analyst Upgrade

Key Points

• Seagate Technology shares rose 1.2% after Barclays boosted its price target to $1,000 from $750 and reiterated an overweight rating. The move adds to a generally bullish analyst consensus on the stock.
• Other firms have also turned more positive on Seagate, with price target increases from Morgan Stanley and Loop Capital, while Wall Street Zen upgraded the stock to buy. Overall, analysts now rate it a Moderate Buy with a consensus target of $746.63.
• Recent company news and results continue to support the bullish case: Seagate closed exchanges for $185.9 million of exchangeable notes, beat quarterly earnings and revenue estimates, and raised its Q4 2026 guidance. The company also announced a quarterly dividend of $0.74 per share.

Seagate Technology Holdings PLC (NASDAQ:STX - Get Free Report) rose 1.2% during trading on Thursday after Barclays raised their price target on the stock from $750.00 to $1,000.00. Barclays currently has an overweight rating on the stock. Seagate Technology traded as high as $905.39 and last traded at $880.72. Approximately 2,828,395 shares traded hands during trading, a decline of 32% from the average daily volume of 4,171,560 shares. The stock had previously closed at $870.66.

A number of other research analysts have also commented on STX. Morgan Stanley raised their price objective on shares of Seagate Technology from $582.00 to $767.00 and gave the company an "overweight" rating in a research note on Wednesday, April 29th. Loop Capital raised their price objective on shares of Seagate Technology from $950.00 to $1,140.00 and gave the company a "buy" rating in a research note on Friday, May 15th. UBS Group raised their price objective on shares of Seagate Technology from $515.00 to $545.00 and gave the company a "neutral" rating in a research note on Wednesday, April 29th. KeyCorp set a $500.00 price objective on shares of Seagate Technology in a research note on Wednesday, January 28th. Finally, Wall Street Zen upgraded shares of Seagate Technology from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Seagate Technology currently has an average rating of "Moderate Buy" and a consensus target price of $746.63.

Insider Activity

In related news, CEO William D. Mosley sold 30,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $751.29, for a total transaction of $22,538,700.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP James Ci Lee sold 697 shares of the firm's stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $741.17, for a total transaction of $516,595.49. Following the sale, the executive vice president owned 324 shares of the company's stock, valued at $240,139.08. The trade was a 68.27% decrease in their ownership of the stock. 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 142,437 shares of company stock valued at $86,093,575 in the last ninety days. 0.79% of the stock is owned by company insiders.

Seagate Technology News Roundup

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

• Positive Sentiment: Seagate closed privately negotiated exchanges for $185.908 million of exchangeable notes, settling the deal with cash and equity consideration. The move may improve capital structure clarity and reduce refinancing overhang. Seagate Announces Closing of Exchanges with Holders of $185.908 Million Principal Amount of Exchangeable Notes
• Positive Sentiment: Barclays raised its price target on Seagate to $1,000 from $750 and kept an overweight rating, reinforcing the view that the stock still has room to run. Barclays Adjusts PT on Seagate Technology Holdings to $1,000 From $750, Maintains Overweight Rating
• Positive Sentiment: BofA also reportedly raised its price target after Seagate’s CEO pointed to an AI storage “supercycle,” adding to investor enthusiasm around hyperscale and data-center demand. BofA raises Seagate stock price target after CEO signals AI storage supercycle
• Positive Sentiment: Recent bullish research argues Seagate’s HAMR rollout, stronger hyperscale demand, and record margins are improving its earnings outlook, which supports the stock’s recent move higher. Seagate: Micron And SK Hynix Gave The Greenlight To Buy More
• Neutral Sentiment: Follow-up commentary noted Seagate has already gained substantially since its last earnings report, suggesting investors are now focused on whether the company can sustain that momentum with continued AI-related demand and execution. Why Is Seagate (STX) Up 35.3% Since Last Earnings Report?
• Neutral Sentiment: Seagate’s earnings-transcript coverage and stock-comparison pieces keep highlighting the same theme: strong AI storage demand, cash flow, and HAMR innovation versus slower peers. Seagate Technology Holdings plc (STX) Presents at TD Cowen's 54th Annual Technology, Media & Telecom Conference Transcript

Institutional Trading of Seagate Technology

A number of large investors have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC boosted its stake in Seagate Technology by 124.4% in the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider's stock worth $27,000 after purchasing an additional 51 shares during the period. Rakuten Securities Inc. boosted its stake in Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider's stock worth $27,000 after purchasing an additional 168 shares during the period. Armstrong Advisory Group Inc. acquired a new position in Seagate Technology in the 4th quarter worth approximately $28,000. Avion Wealth boosted its stake in Seagate Technology by 343.5% in the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider's stock worth $28,000 after purchasing an additional 79 shares during the period. Finally, Concord Wealth Partners acquired a new position in Seagate Technology in the 4th quarter worth approximately $28,000. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Stock Up 1.2%

The business's 50 day moving average is $593.37 and its 200 day moving average is $424.63. 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 stock has a market cap of $197.48 billion, a price-to-earnings ratio of 83.56 and a beta of 1.98.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, topping 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 analyst estimates of $2.96 billion. During the same quarter last year, the business posted $1.90 EPS. The company's revenue was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities analysts expect that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be paid a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.3%. Seagate Technology's dividend payout ratio (DPR) is 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.

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