Seagate Technology (NASDAQ:STX) Shares Up 4.1% – Here’s Why

Posted by George Bondi on May 28th, 2026

Seagate Technology Holdings PLC (NASDAQ:STX – Get Free Report) shares shot up 4.1% on Tuesday . The company traded as high as $862.65 and last traded at $845.76. 3,408,291 shares traded hands during trading, a decline of 19% from the average session volume of 4,188,589 shares. The stock had previously closed at $812.73.

More Seagate Technology News

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

Positive Sentiment: Barclays raised its price target on Seagate Technology Holdings PLC (STX) to $1,000 from $750 and kept an overweight rating, signaling further upside as demand remains strong. Seagate Tech (STX) Receives a Buy from Barclays
Positive Sentiment: Multiple reports highlighted Seagate’s AI storage opportunity, with commentary pointing to accelerating hyperscale demand, HAMR adoption, and strong margin performance as key growth drivers. Seagate: Micron And SK Hynix Gave The Greenlight To Buy More
Positive Sentiment: Seagate closed a privately negotiated exchange of $185.9 million of exchangeable notes, a balance-sheet and capital-structure move that may be viewed favorably by investors. Seagate Announces Closing of Exchanges with Holders of $185.908 Million Principal Amount of Exchangeable Notes
Neutral Sentiment: Several articles revisited why STX has been up sharply since its last earnings report, reflecting continued investor focus on the company’s strong post-earnings momentum rather than a new catalyst. Why Is Seagate (STX) Up 35.3% Since Last Earnings Report?
Neutral Sentiment: Seagate’s recent conference presentation and broader analyst coverage underscore ongoing optimism, but these items are more confirmatory than fresh catalysts for the stock. Seagate Technology Holdings plc Presents at TD Cowen’s 54th Annual Technology, Media & Telecom Conference Transcript
Negative Sentiment: There were no major company-specific negative headlines in the provided articles; the main risk is that the stock’s strong run could leave it vulnerable if AI storage demand or margins cool.

Wall Street Analysts Forecast Growth

STX has been the subject of several recent analyst reports. Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Argus raised their target price on shares of Seagate Technology from $450.00 to $750.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Bank of America raised their target price on shares of Seagate Technology from $840.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday. TD Cowen raised their target price on shares of Seagate Technology from $500.00 to $850.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Barclays raised their target price on shares of Seagate Technology from $750.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $746.63.

Check Out Our Latest Report on STX

Seagate Technology Stock Performance

The stock has a market capitalization of $197.48 billion, a price-to-earnings ratio of 83.56 and a beta of 1.98. The company’s fifty day simple moving average is $602.56 and its 200 day simple moving average is $428.87. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16.

Seagate Technology (NASDAQ:STX – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.51 by $0.59. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the previous year, the company earned $1.90 earnings per share. The company’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, equities research analysts expect that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current year.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be paid a $0.74 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. Seagate Technology’s dividend payout ratio is 28.08%.

Insiders Place Their Bets

In other news, CFO Gianluca Romano sold 22,488 shares of Seagate Technology stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $774.22, for a total value of $17,410,659.36. Following the completion of the sale, the chief financial officer directly owned 42,847 shares in the company, valued at approximately $33,173,004.34. The trade was a 34.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Christopher Morris sold 5,626 shares of Seagate Technology stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $738.37, for a total transaction of $4,154,069.62. Following the completion of the sale, the executive vice president owned 11,954 shares of the company’s stock, valued at approximately $8,826,474.98. The trade was a 32.00% decrease in their ownership of the stock. 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 142,437 shares of company stock valued at $86,093,575 in the last three months. Insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Seagate Technology

Hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC grew its stake in Seagate Technology by 168.0% during the first 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 in the last quarter. Sivia Capital Partners LLC acquired a new stake in Seagate Technology during the second quarter worth about $262,000. Cerity Partners LLC grew its stake in Seagate Technology by 25.8% during the second 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 in the last quarter. Sei Investments Co. grew its stake in Seagate Technology by 64.8% during the second 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 in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Seagate Technology by 0.4% during the second 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 in the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Seagate Technology Company Profile

(Get Free Report)

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.