Seagate Technology (NASDAQ:STX) Stock Price Up 2% – Time to Buy?

Seagate Technology Holdings PLC (NASDAQ:STX)’s share price rose 2% during trading on Wednesday . The stock traded as high as $787.35 and last traded at $786.42. Approximately 5,496,602 shares changed hands during trading, an increase of 29% from the average daily volume of 4,267,381 shares. The stock had previously closed at $771.01.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Seagate rolled out a new AI Storage Suite across Seagate, FireCuda and LaCie lines — high‑capacity (up to 256TB), Thunderbolt 5 support and creator/AI‑workflow features that reinforce Seagate’s TAM exposure to AI and content creation, supporting a premium valuation. Seagate’s New AI Storage Suite Meets Rapidly Rising STX Valuation
• Positive Sentiment: Wall Street coverage highlights momentum in STX — articles point to the company’s earnings beat, improving revenue mix and secular demand for storage tied to AI/datacenter as reasons for continued investor appetite. Seagate Stocks’s Rally Is No Accident: 3 Reasons Wall Street Is Optimistic
• Positive Sentiment: Momentum‑oriented research pieces (e.g., Zacks) are flagging STX as a high‑momentum name, which can attract trend‑following flows and ETFs. Seagate (STX) is a Great Momentum Stock: Should You Buy?
• Positive Sentiment: Broader market risk appetite is improving as the VIX retreats, which benefits tech and cyclical names like Seagate and likely helped lift STX alongside sector peers. CBOE VIX Slides Toward 17 as Oil Retreat and Tech Stock Surge Restore Risk Appetite
• Neutral Sentiment: Seagate will participate in upcoming investor events — increased management visibility can help sustain the rally if messaging reinforces demand trends and margin outlook. Seagate to Participate in Upcoming Investor Events
• Neutral Sentiment: Lead Independent Director Mike Cannon announced he will retire at the end of his term in Oct. 2026 — a governance change to watch but not an immediate operational issue. Seagate Announces the Retirement of Michael R. Cannon, Lead Independent Director
• Negative Sentiment: Several insiders sold stock this week under pre‑arranged 10b5‑1 plans: EVP John Christopher Morris sold 5,626 shares (~$4.15M) — a sizable single‑trade disposition that can signal executive profit‑taking despite being pre‑planned. Form 4 — John Christopher Morris
• Negative Sentiment: EVP James Ci Lee sold 697 shares (~$516K), reducing his stake by ~68% — another insider sale that contributes to supply into the market. Form 4 — James Ci Lee
• Negative Sentiment: Director Stephanie Tilenius sold 1,580 shares (~$1.21M), a ~12.9% reduction in her holding — additional insider selling that could be read as portfolio rebalancing or profit‑taking. Form 4 — Stephanie Tilenius

Analyst Upgrades and Downgrades

STX has been the topic of several recent research reports. Citigroup boosted their price target on Seagate Technology from $595.00 to $740.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. KeyCorp set a $500.00 price target on Seagate Technology in a research report on Wednesday, January 28th. Mizuho boosted their price target on Seagate Technology from $565.00 to $700.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Wedbush boosted their price target on Seagate Technology from $700.00 to $825.00 and gave the stock an “outperform” rating in a research report on Monday, April 27th. Finally, The Goldman Sachs Group boosted their price target on Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $709.13.

Seagate Technology Stock Performance

The stock has a 50-day simple moving average of $469.01 and a 200-day simple moving average of $365.87. The company has a market capitalization of $176.34 billion, a price-to-earnings ratio of 74.61 and a beta of 1.98. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same period in the prior year, the company posted $1.90 EPS. Seagate Technology’s quarterly 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. On average, analysts anticipate that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current year.

Seagate Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s dividend payout ratio is currently 28.08%.

Insider Buying and Selling at Seagate Technology

In related news, EVP Kian Fatt Chong sold 5,846 shares of the company’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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP James Ci Lee sold 697 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $741.17, for a total value of $516,595.49. Following the sale, the executive vice president directly owned 324 shares in the company, valued at approximately $240,139.08. This represents a 68.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 78,333 shares of company stock worth $34,426,485. 0.79% of the stock is owned by insiders.

Institutional Investors Weigh In On Seagate Technology

Institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC grew its stake in Seagate Technology by 168.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after buying an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Seagate Technology during the 2nd quarter worth $262,000. Cerity Partners LLC grew its stake in Seagate Technology by 25.8% during the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock worth $5,294,000 after buying an additional 7,517 shares during the last quarter. Sei Investments Co. grew its stake in Seagate Technology by 64.8% during the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock worth $1,233,000 after buying an additional 3,358 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Seagate Technology by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock worth $18,458,000 after buying an additional 462 shares during the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

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.