Seagate Technology (NASDAQ:STX) Price Target Raised to $515.00

Seagate Technology (NASDAQ:STX) had its price target raised by UBS Group from $440.00 to $515.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the data storage provider’s stock.

A number of other analysts have also commented on STX. Zacks Research lowered Seagate Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. BNP Paribas Exane boosted their price target on Seagate Technology from $430.00 to $530.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Susquehanna boosted their price target on Seagate Technology from $420.00 to $485.00 and gave the company a “neutral” rating in a report on Friday, April 10th. Mizuho boosted their price target on Seagate Technology from $475.00 to $565.00 and gave the company an “outperform” rating in a report on Friday, April 10th. Finally, Evercore boosted their price target on Seagate Technology from $450.00 to $550.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Twenty analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $514.13.

Seagate Technology Stock Performance

Shares of Seagate Technology stock opened at $587.62 on Tuesday. The firm has a market cap of $128.14 billion, a price-to-earnings ratio of 66.47, a price-to-earnings-growth ratio of 0.96 and a beta of 1.61. The stock’s 50-day moving average is $434.69 and its 200-day moving average is $342.52. Seagate Technology has a one year low of $79.14 and a one year high of $607.89. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The company’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities analysts predict that Seagate Technology will post 12.13 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th were given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, March 25th. Seagate Technology’s payout ratio is 33.48%.

Insider Activity

In other Seagate Technology news, EVP Kian Fatt Chong sold 5,846 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $416.48, for a total transaction of $2,434,742.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jay L. Geldmacher sold 925 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $448.02, for a total value of $414,418.50. Following the transaction, the director directly owned 223 shares in the company, valued at approximately $99,908.46. This trade represents a 80.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 112,223 shares of company stock valued at $46,711,217. 0.79% of the stock is owned by insiders.

Hedge Funds Weigh In On Seagate Technology

Institutional investors have recently bought and sold shares of the business. Salomon & Ludwin LLC increased its position in Seagate Technology by 124.4% during the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after buying an additional 51 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new position in Seagate Technology during the fourth quarter worth approximately $28,000. Concord Wealth Partners acquired a new position in Seagate Technology during the fourth quarter worth approximately $28,000. McMillan Office Inc. bought a new stake in shares of Seagate Technology during the first quarter worth approximately $39,000. Finally, Avion Wealth boosted its holdings in shares of Seagate Technology by 343.5% during the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 79 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: Barclays upgraded STX to Overweight and raised its price target to $625, citing more runway in the HDD/AI cycle and room for further gains — a high-profile upgrade that likely prompted buying and lifted sentiment. Barclays Just Lifted Seagate Price Target From $425 to $625
• Positive Sentiment: Other broker bullishness (Bank of America, UBS and average broker sentiment moving toward “moderate buy”) has reinforced the upgrade momentum and raised investor conviction on STX’s earnings leverage to AI/data growth. Seagate Receives Average Recommendation of “Moderate Buy”
• Positive Sentiment: Seagate unveiled new high-capacity consumer and prosumer storage aimed at gaming and AI-driven creative workloads — product wins that support revenue growth narratives and the company’s positioning in expanding data-center and edge storage markets. Seagate Introduces Storage Built for Consumer Data Explosion
• Positive Sentiment: Recent coverage highlights Seagate’s strong top-line momentum and AI-driven demand (analysts pointing to another leg of the rally after big revenue beats), which supports higher multiple expansion. Why Seagate (STX) Stock Is Trading Up Today
• Neutral Sentiment: Defiance launched a 2x single-stock ETF (STXL) for STX, which can boost short-term volume and volatility by making leveraged exposure easier for traders — increases liquidity but also risk. Defiance Launches STXL: 2X Leveraged ETF on Seagate Technology Holdings plc
• Neutral Sentiment: Media/TV mentions (e.g., CNBC/Cramer roundups) keep Seagate in the spotlight; useful for retail interest but not a direct fundamental driver. Cramer Names ‘The Stocks That Got Away’
• Negative Sentiment: Valuation and leverage are potential headwinds — STX now trades at a high P/E and carries significant net leverage (debt-to-equity materially elevated), which raises downside risk if AI storage demand normalizes or growth disappoints.

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.