Seagate Technology (NASDAQ:STX) Price Target Raised to $280.00

Seagate Technology (NASDAQ:STX) had its target price raised by Cantor Fitzgerald from $175.00 to $280.00 in a report released on Monday,Benzinga reports. They currently have an overweight rating on the data storage provider’s stock.

Several other equities analysts have also commented on the company. Benchmark upped their target price on Seagate Technology from $165.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Rosenblatt Securities upped their target price on Seagate Technology from $185.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Barclays upped their target price on Seagate Technology from $180.00 to $200.00 and gave the company an “equal weight” rating in a report on Thursday, September 11th. TD Cowen upped their target price on Seagate Technology from $135.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, Bank of America upped their target price on Seagate Technology from $170.00 to $215.00 and gave the company a “buy” rating in a report on Monday, September 15th. Fifteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $185.58.

Seagate Technology Stock Down 1.9%

Shares of Seagate Technology stock opened at $223.70 on Monday. The firm has a market cap of $47.64 billion, a P/E ratio of 33.04, a P/E/G ratio of 1.32 and a beta of 1.53. Seagate Technology has a fifty-two week low of $63.19 and a fifty-two week high of $231.96. The business has a 50-day moving average price of $171.41 and a 200 day moving average price of $128.39.

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

Seagate Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.72 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.88 annualized dividend and a dividend yield of 1.3%. Seagate Technology’s payout ratio is currently 42.54%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 5,905 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $155.00, for a total value of $915,275.00. Following the completion of the sale, the executive vice president directly owned 6,147 shares in the company, valued at $952,785. This represents a 49.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John Christopher Morris sold 15,347 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $195.80, for a total value of $3,004,942.60. Following the completion of the sale, the executive vice president owned 9,843 shares of the company’s stock, valued at $1,927,259.40. This trade represents a 60.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,935 shares of company stock valued at $12,289,616. 0.79% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Seagate Technology

A number of institutional investors have recently added to or reduced their stakes in the company. Salvus Wealth Management LLC lifted its position in Seagate Technology by 2.0% in the second quarter. Salvus Wealth Management LLC now owns 3,416 shares of the data storage provider’s stock worth $493,000 after purchasing an additional 68 shares during the period. Asset Dedication LLC lifted its position in Seagate Technology by 9.5% in the second quarter. Asset Dedication LLC now owns 809 shares of the data storage provider’s stock worth $117,000 after purchasing an additional 70 shares during the period. GoalVest Advisory LLC lifted its position in Seagate Technology by 30.6% in the second quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock worth $46,000 after purchasing an additional 75 shares during the period. Angeles Wealth Management LLC lifted its position in Seagate Technology by 2.2% in the second quarter. Angeles Wealth Management LLC now owns 3,485 shares of the data storage provider’s stock worth $503,000 after purchasing an additional 76 shares during the period. Finally, Bessemer Group Inc. lifted its position in Seagate Technology by 3.3% in the second quarter. Bessemer Group Inc. now owns 2,502 shares of the data storage provider’s stock worth $361,000 after purchasing an additional 81 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.

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.