Seagate Technology (NASDAQ:STX) Price Target Raised to $500.00

Seagate Technology (NASDAQ:STX) had its price target upped by Cantor Fitzgerald from $400.00 to $500.00 in a research note released on Wednesday,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the data storage provider’s stock.

A number of other equities research analysts have also recently commented on STX. Exane BNP Paribas upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. TD Cowen lifted their price objective on shares of Seagate Technology from $340.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday. Bank of America increased 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. Morgan Stanley upped their price objective on Seagate Technology from $337.00 to $372.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. Finally, Barclays boosted their target price on Seagate Technology from $370.00 to $425.00 and gave the stock an “equal weight” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $417.57.

Seagate Technology Trading Down 8.7%

Shares of Seagate Technology stock opened at $407.69 on Wednesday. The firm’s 50 day simple moving average is $304.66 and its two-hundred day simple moving average is $238.42. Seagate Technology has a 12-month low of $63.19 and a 12-month high of $457.84. The company has a current ratio of 1.12, a quick ratio of 0.62 and a debt-to-equity ratio of 7.63. The firm has a market capitalization of $87.07 billion, a price-to-earnings ratio of 46.12, a PEG ratio of 1.06 and a beta of 1.60.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.During the same quarter last year, the business posted $2.03 EPS. The company’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. Analysts predict 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 will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s dividend payout ratio is presently 33.48%.

Insider Transactions at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $270.00, for a total transaction of $1,620,000.00. Following the sale, the executive vice president owned 12,041 shares in the company, valued at $3,251,070. This represents a 33.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Gianluca Romano sold 54,021 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $285.16, for a total transaction of $15,404,628.36. Following the completion of the transaction, the chief financial officer directly owned 56,293 shares in the company, valued at $16,052,511.88. This represents a 48.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 124,902 shares of company stock valued at $34,819,987 in the last three months. 0.79% of the stock is owned by company insiders.

Institutional Investors Weigh In On Seagate Technology

A number of hedge funds and other institutional investors have recently modified their holdings of STX. Integrated Wealth Concepts LLC lifted its position in Seagate Technology by 168.0% in the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after purchasing an additional 4,499 shares during the period. Sivia Capital Partners LLC acquired a new position in Seagate Technology in the second quarter worth approximately $262,000. Public Employees Retirement System of Ohio acquired a new position in shares of Seagate Technology in the 2nd quarter worth $380,000. Sound Income Strategies LLC increased its stake in Seagate Technology by 143.3% in the 2nd quarter. Sound Income Strategies LLC now owns 1,535 shares of the data storage provider’s stock worth $222,000 after purchasing an additional 904 shares in the last quarter. Finally, GC Wealth Management RIA LLC purchased a new position in shares of Seagate Technology in the second quarter worth approximately $286,000. 92.87% of the stock is currently owned by institutional investors.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Q2 beat and raised guidance — Seagate topped EPS and revenue expectations and issued stronger Q3 EPS guidance, which is the primary fundamental catalyst for the rally. Seagate Q2 Highlights
• Positive Sentiment: “Sold out through 2026” demand commentary — Management said AI-driven data-center demand has Seagate effectively sold out, supporting revenue visibility and pricing power for nearline HDD capacity. Seagate Sold Out Through 2026
• Positive Sentiment: Earnings-estimate momentum — Analysts have been raising earnings estimates for STX, supporting further upside expectations. Earnings Estimates Rising for Seagate (STX)
• Positive Sentiment: Multiple price-target/rating upgrades — Several brokers (Argus, Citigroup, Evercore, Robert W. Baird, Cantor, etc.) raised targets and/or upgraded ratings after the print, amplifying momentum and institutional flows. Argus Adjusts Price Target on Seagate
• Neutral Sentiment: Dividend maintained — Company declared a quarterly dividend (modest yield ~0.7%); shareholder-friendly but not a primary driver of the move.
• Neutral Sentiment: Mixed analyst views remain — while many houses hiked targets, a subset of major banks still show more conservative targets, indicating differing views on how sustainable the rally and valuations are. Analyst Rating Coverage
• Negative Sentiment: Valuation/overbought warnings — Some commentary flags STX as potentially overbought with premium valuations after the run, which could invite profit-taking or a pullback. Seagate Suffers From AI Success
• Negative Sentiment: Insider sale — An EVP recently sold a small block of shares; while small relative to market cap, insider selling can be read negatively by some investors. SEC Form 4

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.