Seagate Technology (NASDAQ:STX) Trading 6.5% Higher on Analyst Upgrade

Seagate Technology Holdings PLC (NASDAQ:STX)’s share price was up 6.5% during trading on Monday after Mizuho raised their price target on the stock from $370.00 to $400.00. Mizuho currently has an outperform rating on the stock. Seagate Technology traded as high as $369.84 and last traded at $368.4280. Approximately 1,453,621 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 3,439,321 shares. The stock had previously closed at $346.10.

A number of other equities research analysts have also recently commented on STX. Benchmark upped their target price on shares of Seagate Technology from $255.00 to $325.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Rosenblatt Securities upped their price objective on Seagate Technology from $270.00 to $370.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. TD Cowen increased their price objective on Seagate Technology from $270.00 to $340.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Wells Fargo & Company boosted their target price on Seagate Technology from $250.00 to $360.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Finally, BNP Paribas Exane upgraded Seagate Technology from a “neutral” rating to an “outperform” rating and set a $380.00 price target for the company in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average target price of $357.45.

Insider Buying and Selling

In related news, EVP Ban Seng Teh sold 1,412 shares of the firm’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $299.31, for a total value of $422,625.72. Following the completion of the sale, the executive vice president owned 13,693 shares in the company, valued at $4,098,451.83. This trade represents a 9.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephanie Tilenius sold 2,046 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $266.41, for a total transaction of $545,074.86. Following the sale, the director directly owned 12,244 shares in the company, valued at approximately $3,261,924.04. This represents a 14.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 132,557 shares of company stock valued at $36,847,793 in the last quarter. Corporate 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: Q2 beat and strong guidance — Seagate reported $3.11 EPS vs. consensus ~ $2.77 and $2.83B revenue vs. ~$2.73B, and forecast Q3 revenue/profit above street estimates on robust AI-driven storage demand. Seagate Technology Reports Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: Bull commentary on tight supply — High-profile bullish coverage, including Jim Cramer, highlighted unmet/insatiable demand for Seagate’s products tied to the AI buildout, supporting expectations for continued order strength. Seagate (STX) is Facing a Shortage That Can’t Be Met, Says Jim Cramer
• Positive Sentiment: Analyst upgrades/price-target increases — Broker coverage has moved higher (examples include Mizuho raising its target and other outlets reporting raised targets to the $370–$400 area), reinforcing upside sentiment. Seagate Technology (NASDAQ:STX) Price Target Raised to $380.00
• Neutral Sentiment: Company presentation and investor materials available — Seagate posted the press release, slide deck and conference-call materials detailing margin improvements and record non-GAAP EPS, useful for modeling forward margins and cash flow. Seagate Q2 earnings materials and transcript
• Negative Sentiment: Market digestion / “cooling off” noted — Some coverage points out the stock briefly cooled or was volatile after the print, suggesting some profit-taking even with strong fundamentals. Seagate Technology cools off despite strong Q2 results, guidance
• Negative Sentiment: Technical/valuation risk after parabolic run — Analysts and chart watchers warn STX has run up rapidly and hit resistance levels, raising the risk of a pullback despite bullish demand trends. Seagate Technology stock hits key resistance ahead of its earnings

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. WCM Investment Management LLC purchased a new position in Seagate Technology during the third quarter worth $1,187,621,000. Arrowstreet Capital Limited Partnership increased its position in Seagate Technology by 1,072.5% during the 3rd 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 in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Seagate Technology by 1,510.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock valued at $553,125,000 after purchasing an additional 1,883,769 shares during the last quarter. Norges Bank purchased a new position in Seagate Technology in the 2nd quarter valued at about $197,027,000. Finally, Boston Partners acquired a new stake in shares of Seagate Technology during the 2nd quarter worth about $193,500,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Stock Up 3.8%

The business’s fifty day moving average price is $293.46 and its 200 day moving average price is $233.69. The firm has a market capitalization of $79.39 billion, a PE ratio of 47.72, a P/E/G ratio of 1.06 and a beta of 1.60.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.34. The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a net margin of 17.92% and a negative return on equity of 297.87%. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, sell-side analysts forecast that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

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.