Seagate Surges 3.66 on Acronis Partnership Drives $1.2B Volume as 73rd Most Active Stock

On September 22, 2025, Seagate Technology (STX) surged 3.66% with a trading volume of $1.2 billion, ranking 73rd in market activity. The stock’s rally followed a strategic partnership with Acronis, a cybersecurity firm, to develop secure, scalable archival storage solutions for enterprises and managed service providers. The collaboration integrates Acronis’ S3-compatible storage with Seagate’s Lyve Cloud Object Storage, offering cost-efficient, compliant data management for AI-driven workloads and regulated industries. This aligns with growing demand for secure, long-term storage as data volumes expand rapidly.

Seagate also announced a quarterly dividend of $0.72 per share, maintaining an annual yield of 1.3%. Institutional investors, including Parallel Advisors LLC and Ameriflex Group, increased their holdings in Q2 and Q4, while insider sales by executives and directors reduced their stakes. Despite insider divestments, institutional ownership remains strong at 92.87% of shares outstanding.

Analyst sentiment bolstered the stock’s performance, with Cantor Fitzgerald raising its price target to $280 from $175 and Mizuho to $245 from $160. Fifteen analysts now rate STX as a “Buy,” while five recommend a “Hold.” The firm’s Q2 earnings of $2.59 per share exceeded estimates, and its Q1 2026 guidance of $2.10–$2.50 EPS reflects confidence in sustained growth. With a market cap of $48.99 billion and a P/E ratio of 33.94, Seagate’s valuation remains in line with its expanding AI infrastructure role.

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