Seagate Technology (NASDAQ:STX) Price Target Raised to $275.00

Seagate Technology (NASDAQ:STX) had its price target upped by Sanford C. Bernstein from $250.00 to $275.00 in a research report report published on Thursday,MarketScreener reports. Sanford C. Bernstein currently has an outperform rating on the data storage provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. UBS Group lifted their price objective on shares of Seagate Technology from $155.00 to $235.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. Wedbush raised their target price on shares of Seagate Technology from $175.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. TD Cowen raised their target price on shares of Seagate Technology from $135.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Zacks Research raised shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 2nd. Finally, Susquehanna raised their target price on shares of Seagate Technology from $68.00 to $80.00 and gave the company a “negative” rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.65.

Seagate Technology Price Performance

Seagate Technology stock opened at $234.12 on Thursday. The stock has a market cap of $49.86 billion, a P/E ratio of 34.58, a PEG ratio of 1.04 and a beta of 1.63. Seagate Technology has a 1 year low of $63.19 and a 1 year high of $264.83. The firm’s 50 day moving average price is $204.69 and its 200-day moving average price is $150.75.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.14. The firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The company’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 earnings per share. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. As a group, equities analysts expect that Seagate Technology will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 30th. Seagate Technology’s payout ratio is presently 42.54%.

Insider Activity at Seagate Technology

In other Seagate Technology news, EVP John Christopher Morris sold 15,347 shares of Seagate Technology stock in a transaction on Friday, September 12th. The shares were sold at an average price of $195.80, for a total transaction of $3,004,942.60. Following the completion of the transaction, the executive vice president directly owned 9,843 shares of the company’s stock, valued at $1,927,259.40. The trade was a 60.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James Ci Lee sold 3,509 shares of Seagate Technology stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $154.74, for a total transaction of $542,982.66. Following the transaction, the insider directly owned 1,288 shares of the company’s stock, valued at $199,305.12. The trade was a 73.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,620 shares of company stock valued at $14,464,056 over the last three months. Corporate insiders own 0.79% of the company’s stock.

Institutional Trading of Seagate Technology

Several institutional investors and hedge funds have recently made changes to their positions in the business. Columbia Advisory Partners LLC bought a new stake in shares of Seagate Technology during the third quarter worth $237,000. MGO One Seven LLC lifted its position in shares of Seagate Technology by 16.6% during the third quarter. MGO One Seven LLC now owns 2,821 shares of the data storage provider’s stock worth $666,000 after purchasing an additional 401 shares during the last quarter. Citizens Financial Group Inc. RI lifted its position in shares of Seagate Technology by 17.2% during the third quarter. Citizens Financial Group Inc. RI now owns 2,674 shares of the data storage provider’s stock worth $631,000 after purchasing an additional 393 shares during the last quarter. Opal Wealth Advisors LLC lifted its position in shares of Seagate Technology by 21.2% during the third quarter. Opal Wealth Advisors LLC now owns 2,100 shares of the data storage provider’s stock worth $496,000 after purchasing an additional 367 shares during the last quarter. Finally, ORG Wealth Partners LLC lifted its position in shares of Seagate Technology by 42.6% during the third quarter. ORG Wealth Partners LLC now owns 1,034 shares of the data storage provider’s stock worth $244,000 after purchasing an additional 309 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Company Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.