Seagate Technology (NASDAQ:STX) Price Target Raised to $485.00 at Susquehanna

Seagate Technology (NASDAQ:STX) had its price target hoisted by equities research analysts at Susquehanna from $420.00 to $485.00 in a report released on Friday,MarketScreener reports. The brokerage currently has a “neutral” rating on the data storage provider’s stock. Susquehanna’s price target would indicate a potential downside of 3.94% from the stock’s current price.

Several other equities research analysts have also recently commented on the stock. Zacks Research cut shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. BNP Paribas Exane upped their price objective on shares of Seagate Technology from $430.00 to $530.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Bank of America raised their target price on shares of Seagate Technology from $320.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Mizuho boosted their price target on shares of Seagate Technology from $475.00 to $565.00 and gave the company an “outperform” rating in a report on Friday. Finally, Cantor Fitzgerald upped their price target on shares of Seagate Technology from $500.00 to $650.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Nineteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and an average target price of $486.21.

Seagate Technology Stock Up 0.8%

STX stock opened at $504.91 on Friday. The firm’s 50-day moving average is $410.33 and its two-hundred day moving average is $321.22. The company has a market capitalization of $110.11 billion, a price-to-earnings ratio of 57.07, a price-to-earnings-growth ratio of 1.08 and a beta of 1.61. Seagate Technology has a 52 week low of $67.63 and a 52 week high of $517.18. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The business had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period last year, the firm posted $2.03 earnings per share. The business’s revenue was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, analysts forecast that Seagate Technology will post 6.83 earnings per share for the current fiscal year.

Insider Transactions at Seagate Technology

In related news, CEO William D. Mosley sold 24,584 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $406.77, for a total transaction of $10,000,033.68. Following the transaction, the chief executive officer directly owned 375,591 shares in the company, valued at $152,779,151.07. The trade was a 6.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP James Ci Lee sold 673 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $348.85, for a total value of $234,776.05. Following the completion of the sale, the executive vice president owned 257 shares of the company’s stock, valued at $89,654.45. This represents a 72.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 113,635 shares of company stock worth $47,133,843. Corporate insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Seagate Technology

Several institutional investors and hedge funds have recently bought and sold shares of the business. National Pension Service grew its position in shares of Seagate Technology by 28.0% during the 3rd quarter. National Pension Service now owns 250,121 shares of the data storage provider’s stock worth $59,044,000 after buying an additional 54,722 shares during the period. Tokio Marine Asset Management Co. Ltd. bought a new position in Seagate Technology during the 3rd quarter worth approximately $1,864,000. Keystone Investors PTE Ltd. grew its holdings in Seagate Technology by 55.7% during the third quarter. Keystone Investors PTE Ltd. now owns 50,321 shares of the data storage provider’s stock valued at $11,879,000 after purchasing an additional 18,000 shares during the period. Estate Counselors LLC acquired a new position in Seagate Technology during the third quarter valued at approximately $2,557,000. Finally, Vision Financial Markets LLC increased its stake in Seagate Technology by 341.7% in the third quarter. Vision Financial Markets LLC now owns 5,300 shares of the data storage provider’s stock valued at $1,251,000 after purchasing an additional 4,100 shares in 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: Several analysts raised targets and kept outperform ratings—Mizuho raised its target to $565, Evercore to $550 and Bernstein to $620—boosting buy-side momentum and supporting the stock rally.
• Positive Sentiment: Hard-disk-drive pricing is rising thanks to AI/data-center demand, which improves Seagate’s revenue mix and margins and underpins bullish coverage. Hard Disk Drive Prices Are Rising
• Positive Sentiment: Seagate is cited as a beneficiary of NVIDIA-led data-center buildouts (storage suppliers gaining from AI capex), adding thematic support for STX shares. These 4 Stocks Are Quietly Riding NVIDIA’s Data Center Boom Higher
• Neutral Sentiment: Seagate sold its Lyve Cloud business to Wasabi and received equity in the buyer—this reduces Seagate’s cloud operating complexity while keeping upside via the Wasabi stake; impact depends on execution and Wasabi’s performance. Wasabi Technologies Acquires Seagate’s Lyve Cloud Business
• Neutral Sentiment: Coverage pieces highlight strong recent momentum and attractive long-term storage demand through 2028, but also raise valuation/relative-performance questions after big recent gains. A Look At Seagate (STX) Valuation After Strong Multi Period Share Price Gains
• Neutral Sentiment: General market strength (S&P winning streak) is helping tech and semicap-related names, contributing to positive price momentum for STX. Intel, Sandisk and Other Big Winners in the S&P 500’s Hot Streak

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.