Seagate Technology (NASDAQ:STX) Price Target Raised to $452.00

Seagate Technology (NASDAQ:STX) had its price objective raised by China Renaissance from $325.00 to $452.00 in a research report released on Thursday,MarketScreener reports. The brokerage currently has a buy rating on the data storage provider’s stock.

Several other brokerages have also recently commented on STX. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research note on Monday, December 29th. Robert W. Baird boosted their price target on shares of Seagate Technology from $188.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Wells Fargo & Company upped their price target on shares of Seagate Technology from $250.00 to $360.00 and gave the stock an “equal weight” rating in a report on Thursday. Susquehanna lifted their price objective on Seagate Technology from $80.00 to $150.00 and gave the company a “negative” rating in a research note on Wednesday, October 29th. Finally, Argus boosted their target price on Seagate Technology from $170.00 to $300.00 and gave the stock a “strong-buy” rating in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $320.39.

Seagate Technology Stock Up 1.8%

STX stock opened at $326.23 on Thursday. The stock has a 50-day simple moving average of $283.10 and a two-hundred day simple moving average of $223.37. Seagate Technology has a twelve month low of $63.19 and a twelve month high of $335.02. The firm has a market capitalization of $69.67 billion, a PE ratio of 41.88, a PEG ratio of 1.28 and a beta of 1.60.

Seagate Technology Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th were paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.9%. This is an increase from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend was Wednesday, December 24th. Seagate Technology’s dividend payout ratio is presently 38.00%.

Insider Activity

In related news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $262.82, for a total transaction of $5,256,400.00. Following the transaction, the chief executive officer directly owned 465,668 shares of the company’s stock, valued at approximately $122,386,863.76. This trade represents a 4.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stephanie Tilenius sold 2,046 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $266.41, for a total value of $545,074.86. Following the completion of the sale, the director owned 12,244 shares of the company’s stock, valued at $3,261,924.04. The trade was a 14.32% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 132,557 shares of company stock worth $36,847,793. 0.79% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Seagate Technology

Several institutional investors and hedge funds have recently made changes to their positions in STX. Perigon Wealth Management LLC lifted its stake in Seagate Technology by 50.1% in the fourth quarter. Perigon Wealth Management LLC now owns 2,003 shares of the data storage provider’s stock worth $552,000 after purchasing an additional 669 shares during the last quarter. Beaumont Financial Advisors LLC purchased a new position in shares of Seagate Technology in the fourth quarter worth about $221,000. Earned Wealth Advisors LLC purchased a new stake in Seagate Technology during the 4th quarter valued at about $231,000. Retireful LLC bought a new position in Seagate Technology during the 4th quarter worth approximately $268,000. Finally, Capital Advisors Inc. OK grew its position in Seagate Technology by 82.6% during the 4th quarter. Capital Advisors Inc. OK now owns 2,162 shares of the data storage provider’s stock worth $595,000 after acquiring an additional 978 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

Seagate Technology News Roundup

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

• Positive Sentiment: China Renaissance raised its price target to $452 and maintained a “buy” rating — a large upside (~41% from recent levels) that supports further upside expectations for STX. China Renaissance raises PT to $452
• Positive Sentiment: Barclays bumped its target to $370 and kept an “equal weight” rating — another notable upgrade that adds institutional validation to the stock’s rally. Barclays raises PT to $370
• Positive Sentiment: Wells Fargo raised its target to $360 (still “equal weight”), signaling broader analyst re‑rating of Seagate amid stronger end‑market demand expectations. Wells Fargo raises PT to $360
• Positive Sentiment: Media coverage and analyst commentary point to an AI‑driven memory/mass‑storage rally benefiting STX and peers — Susquehanna and others highlighted the sector strength on a recent segment. STX & WDC Gain Analyst Support Amid Surging Memory Chip Rally
• Neutral Sentiment: A Zacks piece lists Seagate among technology solutions beneficiaries (multi‑cloud and integrated systems demand) — supportive context but not company‑specific new data. 4 Stocks to Watch From a Prospering Technology Solutions Industry
• Neutral Sentiment: Susquehanna formally moved Seagate from “negative” to “neutral” with a $280 target — an upgrade in tone but a target below current market levels, creating a mixed signal for investors. Susquehanna moves STX to neutral, PT $280
• Negative Sentiment: Insider activity: EVP Ban Seng Teh sold 1,412 shares (~$299 avg), trimming his stake. Insider sales can weigh on sentiment even if not large relative to holdings. SEC Form 4: Ban Seng Teh sale

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.