Seagate Technology (NASDAQ:STX) Trading Up 3.9% After Analyst Upgrade

Seagate Technology Holdings PLC (NASDAQ:STX)’s stock price was up 3.9% during mid-day trading on Wednesday after Susquehanna raised their price target on the stock from $615.00 to $775.00. Susquehanna currently has a neutral rating on the stock. Seagate Technology traded as high as $862.41 and last traded at $860.02. Approximately 4,919,089 shares changed hands during mid-day trading, an increase of 16% from the average session volume of 4,248,596 shares. The stock had previously closed at $827.64.

STX has been the subject of several other reports. Cantor Fitzgerald increased their price target on shares of Seagate Technology from $1,000.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Fox Advisors lowered shares of Seagate Technology from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. TD Cowen increased their target price on shares of Seagate Technology from $500.00 to $850.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. BNP Paribas Exane raised their target price on shares of Seagate Technology from $530.00 to $860.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Melius Research started coverage on Seagate Technology in a research report on Monday, June 29th. They set a “buy” rating and a $1,600.00 price target on the stock. Twenty-one equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and a consensus price target of $886.92.

Insider Transactions at Seagate Technology

In other news, EVP John Christopher Morris sold 5,626 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $738.37, for a total value of $4,154,069.62. Following the completion of the transaction, the executive vice president directly owned 11,954 shares in the company, valued at $8,826,474.98. This trade represents a 32.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 sale, the executive vice president directly owned 3,691 shares of the company’s stock, valued at $3,016,580.48. This trade represents a 68.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 over the last three months. Company insiders own 0.79% of the company’s stock.

Seagate Technology News Summary

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

• Positive Sentiment: Seagate was highlighted as a top momentum name for July, with articles noting its strong one-year gains, earnings surprises, and growth expectations. Micron & 2 Momentum Stocks to Buy in July for Explosive Upside
• Positive Sentiment: Another market piece argued that Seagate’s massive run is not over, pointing to the ongoing hyperscaler storage cycle and AI infrastructure demand as key drivers. Seagate’s 485% Run Isn’t Over and Our Target Proves It
• Positive Sentiment: Seagate was also included in a list of stocks that may beat estimates again, reinforcing expectations for another strong quarterly report. Will Seagate (STX) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Sentiment around the AI hardware and memory supply chain remained constructive, with commentary saying tight supply and margin gains at Seagate, Micron, and Western Digital could support pricing and earnings. Flash Crash or Cash? The AI Hardware Reset Investors Can’t Ignore (STX)
• Neutral Sentiment: Susquehanna raised its price target on Seagate from $615 to $775 but kept a neutral rating, suggesting the stock has already run far enough that some upside may be priced in. Benzinga report on Susquehanna price target increase
• Neutral Sentiment: Valuation-focused coverage noted that Seagate trades at a premium after a long rally, even while AI demand could still support further gains. Seagate (STX) Stock Trades At A Premium As Its 14x Run Tests Fair Value
• Negative Sentiment: The only clearly cautionary note was Susquehanna’s neutral stance and reduced upside relative to the current price, which could limit near-term enthusiasm after the stock’s steep run. Benzinga report on Susquehanna price target increase

Hedge Funds Weigh In On Seagate Technology

Institutional investors have recently modified their holdings of the stock. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Seagate Technology during the 4th quarter worth about $23,882,000. New York State Teachers Retirement System increased its stake in shares of Seagate Technology by 5.0% in the 4th quarter. New York State Teachers Retirement System now owns 187,044 shares of the data storage provider’s stock valued at $51,510,000 after purchasing an additional 8,991 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Seagate Technology by 1.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 518,806 shares of the data storage provider’s stock worth $142,874,000 after purchasing an additional 6,028 shares during the period. Praxis Investment Management Inc. raised its holdings in Seagate Technology by 56.5% in the 4th quarter. Praxis Investment Management Inc. now owns 6,615 shares of the data storage provider’s stock worth $1,822,000 after purchasing an additional 2,389 shares during the period. Finally, Ritholtz Wealth Management boosted its position in Seagate Technology by 64.5% during the fourth quarter. Ritholtz Wealth Management now owns 21,321 shares of the data storage provider’s stock worth $5,872,000 after purchasing an additional 8,358 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Up 3.9%

The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. The business has a 50-day simple moving average of $863.76 and a 200-day simple moving average of $560.15. The company has a market cap of $192.84 billion, a PE ratio of 81.60 and a beta of 2.04.

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

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th were given a dividend of $0.74 per share. The ex-dividend date was Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. Seagate Technology’s dividend payout ratio 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.