Seagate Technology (NASDAQ:STX) Reaches New 12-Month High – Here’s What Happened

Seagate Technology Holdings PLC (NASDAQ:STX) hit a new 52-week high during trading on Tuesday . The stock traded as high as $749.00 and last traded at $738.1740, with a volume of 6012724 shares traded. The stock had previously closed at $726.93.

Seagate Technology News Summary

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

• Positive Sentiment: Seagate launched an AI‑focused storage suite (consumer and professional products, up to 256TB, Thunderbolt 5 support) that reinforces its AI/data‑center growth story and could support higher ASPs. Read More.
• Positive Sentiment: Analysts and media are boosting sentiment — multiple firms raised price targets and some upgraded ratings in late April/early May, supporting a premium re‑rating versus historical multiples. Read More.
• Positive Sentiment: Macro risk appetite is improving (VIX falling toward ~17), which typically benefits tech and cyclical names like Seagate and helps momentum flows. Read More.
• Neutral Sentiment: Long‑time Lead Independent Director Mike Cannon will retire at the end of his term in Oct‑2026 — an orderly governance change given his tenure. Read More.
• Neutral Sentiment: Seagate announced a quarterly dividend (annualized $2.96; ~0.4% yield) — notable but modest versus valuation; this is income‑supportive but not a major catalyst. Read More.
• Neutral Sentiment: Additional media/analyst momentum pieces highlighting STX as an AI/momentum play are supporting retail and quant flows, though their impact is sentiment‑driven and indirect. Read More.
• Negative Sentiment: EVP James Ci Lee sold 697 shares at ~$741.17 under a pre‑arranged 10b5‑1 plan; routine but contributes to headline insider selling. Read More.
• Negative Sentiment: EVP John Christopher Morris sold 5,626 shares at ~$738.37 under a 10b5‑1 plan — a sizeable disposition that may attract investor attention despite being pre‑planned. Read More.
• Negative Sentiment: Director Stephanie Tilenius sold 1,580 shares at ~$766.61; multiple recent insider sales collectively add short‑term headline risk even if they’re disclosed. Read More.

Analyst Ratings Changes

A number of equities analysts have commented on STX shares. Wall Street Zen raised shares of Seagate Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. BNP Paribas Exane increased their target price on Seagate Technology from $530.00 to $860.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Mizuho raised their price target on Seagate Technology from $565.00 to $700.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. TD Cowen lifted their price target on Seagate Technology from $500.00 to $850.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Barclays upped their price objective on Seagate Technology from $625.00 to $750.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $709.13.

Seagate Technology Price Performance

The firm’s fifty day simple moving average is $469.01 and its 200-day simple moving average is $365.87. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 3.16. The firm has a market capitalization of $176.34 billion, a PE ratio of 74.61 and a beta of 1.98.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.59. The company had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.96 billion. Seagate Technology had a net margin of 21.60% and a return on equity of 1,005.65%. The firm’s revenue for the quarter was up 44.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.90 EPS. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, research analysts forecast that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.4%. Seagate Technology’s dividend payout ratio (DPR) is 28.08%.

Insiders Place Their Bets

In other news, Director Stephanie Tilenius sold 1,580 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $766.61, for a total transaction of $1,211,243.80. Following the completion of the transaction, the director directly owned 10,664 shares of the company’s stock, valued at $8,175,129.04. The trade was a 12.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James Ci Lee sold 697 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $741.17, for a total transaction of $516,595.49. Following the transaction, the executive vice president owned 324 shares in the company, valued at approximately $240,139.08. This trade represents a 68.27% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 78,333 shares of company stock worth $34,426,485 in the last quarter. Insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Seagate Technology

Several hedge funds and other institutional investors have recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Seagate Technology by 23.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 80 shares of the data storage provider’s stock worth $31,000 after acquiring an additional 15 shares during the period. Salomon & Ludwin LLC grew its stake in shares of Seagate Technology by 124.4% during the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 51 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of Seagate Technology during the 1st quarter valued at about $39,000. Armstrong Advisory Group Inc. bought a new position in shares of Seagate Technology in the 4th quarter worth approximately $28,000. Finally, Concord Wealth Partners purchased a new position in shares of Seagate Technology in the fourth quarter worth approximately $28,000. 92.87% of the stock is owned by institutional investors.

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.