Seagate Technology (NASDAQ:STX) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Seagate Technology (NASDAQ:STX) in a report issued on Monday, MarketBeat.com reports. The firm issued an overweight rating and a $525.00 price target on the data storage provider’s stock.

A number of other research analysts have also recently commented on STX. Mizuho increased their price target on Seagate Technology from $440.00 to $475.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Susquehanna upgraded Seagate Technology from a “negative” rating to a “neutral” rating and boosted their price objective for the stock from $150.00 to $280.00 in a research report on Friday, January 16th. Morgan Stanley upped their target price on Seagate Technology from $337.00 to $372.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Citigroup increased their target price on Seagate Technology from $460.00 to $480.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Finally, Robert W. Baird lifted their price target on Seagate Technology from $270.00 to $505.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Nineteen investment analysts have rated the stock with a Buy rating and six 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 $461.00.

Seagate Technology Trading Up 8.0%

Shares of Seagate Technology stock opened at $423.12 on Monday. The firm’s 50 day moving average is $401.01 and its 200 day moving average is $311.55. The firm has a market capitalization of $92.27 billion, a PE ratio of 47.86, a price-to-earnings-growth ratio of 0.87 and a beta of 1.61. Seagate Technology has a 1 year low of $63.19 and a 1 year high of $459.84. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63.

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, beating the consensus estimate of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the firm earned $2.03 EPS. The firm’s revenue was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities research analysts forecast that Seagate Technology will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s dividend payout ratio is presently 33.48%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 20,195 shares of Seagate Technology stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the transaction, the executive vice president directly owned 3,092 shares of the company’s stock, valued at approximately $1,367,560.68. The trade was a 86.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William D. Mosley sold 24,584 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $406.77, for a total value of $10,000,033.68. Following the completion of the sale, the chief executive officer owned 375,591 shares in the company, valued at $152,779,151.07. This trade represents a 6.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 113,635 shares of company stock worth $44,430,443 over the last 90 days. Company insiders own 0.79% of the company’s stock.

Institutional Trading of Seagate Technology

Several institutional investors have recently added to or reduced their stakes in STX. WCM Investment Management LLC acquired a new position in shares of Seagate Technology in the 3rd quarter valued at about $1,187,621,000. Arrowstreet Capital Limited Partnership grew its stake in Seagate Technology by 1,072.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock worth $696,262,000 after purchasing an additional 2,697,957 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Seagate Technology by 1,510.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock worth $553,125,000 after purchasing an additional 1,883,769 shares during the period. Norges Bank bought a new stake in Seagate Technology in the fourth quarter worth approximately $498,363,000. Finally, Soroban Capital Partners LP lifted its stake in Seagate Technology by 1,468.1% in the second quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock valued at $204,602,000 after buying an additional 1,327,197 shares during the period. 92.87% of the stock is currently owned by institutional investors.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Sanford C. Bernstein raised its price target sharply to $620 and kept an Outperform rating, highlighting confidence in Seagate’s long-term demand and framing recent weakness as a buying opportunity. Bernstein $620 Target
• Positive Sentiment: JPMorgan initiated coverage with an Overweight (market-available reports indicate an upbeat stance), adding institutional analyst support that can lift sentiment and flows into the stock. JPMorgan Initiates Coverage
• Positive Sentiment: Recent quarterly results beat estimates (EPS and revenue) and management set solid next-quarter EPS guidance, which underpins the rally and the bullish analyst takes. Earnings & Analysis
• Neutral Sentiment: Several bullish commentaries argue the recent pullback is a buying opportunity; these are outlook/opinion pieces that can influence retail sentiment but are not new fundamentals. Opportunity Thesis
• Neutral Sentiment: MarketWatch and other outlets note Seagate outperformed peers on a strong trading day — useful for momentum traders but more descriptive than catalytic. Trading Day Report
• Negative Sentiment: Zacks downgraded STX from “strong-buy” to “hold,” which could temper momentum from recent upgrades and make some investors cautious. Zacks Downgrade
• Negative Sentiment: Analysts and commentaries flagged valuation concerns after the run-up — several pieces argue the stock is pricey versus the story, which raises risk for profit-taking. Valuation Skepticism
• Negative Sentiment: Sector-wide volatility—driven by reports of Nvidia design shifts and algorithm/quant trading (TurboQuant) that hit memory/storage names—adds risk of short-term pullbacks independent of Seagate’s fundamentals. Sector Volatility

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.