Seagate Technology (NASDAQ:STX) Price Target Raised to $530.00 at BNP Paribas Exane

Seagate Technology (NASDAQ:STX) had its price objective boosted by BNP Paribas Exane from $430.00 to $530.00 in a research note issued to investors on Wednesday,MarketScreener reports. BNP Paribas Exane currently has an outperform rating on the data storage provider’s stock.

Other analysts have also issued reports about the company. Citigroup lifted their price objective on Seagate Technology from $385.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Morgan Stanley increased their target price on Seagate Technology from $337.00 to $372.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Wells Fargo & Company increased their price target on shares of Seagate Technology from $360.00 to $450.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. Barclays raised their price objective on Seagate Technology from $370.00 to $425.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 28th. Finally, Cantor Fitzgerald boosted their price objective on shares of Seagate Technology from $500.00 to $650.00 and gave the stock an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $430.61.

Seagate Technology Price Performance

NASDAQ:STX traded down $13.18 on Wednesday, reaching $405.45. The stock had a trading volume of 5,582,126 shares, compared to its average volume of 5,154,289. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The company has a market capitalization of $88.42 billion, a P/E ratio of 45.87, a price-to-earnings-growth ratio of 0.99 and a beta of 1.62. Seagate Technology has a 1-year low of $63.19 and a 1-year high of $459.41. The stock has a fifty day moving average price of $314.83 and a 200-day moving average price of $245.01.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping the consensus estimate of $2.77 by $0.34. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The business had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the previous year, the business earned $2.03 EPS. Seagate Technology’s revenue was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Research analysts forecast that Seagate Technology will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be given 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 of this dividend is Wednesday, March 25th. Seagate Technology’s dividend payout ratio (DPR) is presently 33.48%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $429.27, for a total value of $8,585,400.00. Following the transaction, the chief executive officer owned 410,056 shares in the company, valued at approximately $176,024,739.12. The trade was a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James Ci Lee sold 673 shares of the firm’s stock in a transaction dated 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 directly owned 257 shares in the company, valued at $89,654.45. The trade was a 72.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 137,976 shares of company stock valued at $45,330,378. Insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Seagate Technology

Several hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC increased its position in Seagate Technology by 168.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after purchasing an additional 4,499 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Seagate Technology during the 2nd quarter worth approximately $262,000. Ameritas Advisory Services LLC bought a new position in shares of Seagate Technology in the 2nd quarter worth approximately $76,000. Wealthcare Advisory Partners LLC lifted its stake in shares of Seagate Technology by 4.3% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 5,545 shares of the data storage provider’s stock valued at $800,000 after purchasing an additional 229 shares during the period. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Seagate Technology during the second quarter valued at approximately $365,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology News Summary

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

• Positive Sentiment: Strong quarter and upbeat near‑term guidance: Seagate reported an EPS beat (Q2 EPS $3.11 vs. $2.77 est.) and revenue outperformance with management setting Q3 fiscal guidance of $3.20–$3.60 EPS — fundamentals that underpin the bullish narrative and AI storage demand.
• Positive Sentiment: New analyst price targets and upgrades: BNP Paribas Exane raised its target to $530 and moved to an “outperform” rating, signaling ~30% upside from the reference price. BNP Paribas raises target to $530 Cantor Fitzgerald also lifted its target aggressively to $650 and remains overweight, further supporting the re‑rating. Cantor Fitzgerald $650 target
• Positive Sentiment: Price momentum / 52‑week high coverage: Market commentary (Zacks and others) highlights STX’s relative strength and momentum, which can attract momentum-driven flows and help sustain higher valuations. Zacks: 52‑week high coverage
• Neutral Sentiment: Zacks coverage and tools: Zacks articles point to Seagate as a candidate to beat earnings and highlight tools (Earnings ESP, style scores) that may draw attention from quantitative/earnings‑momentum investors, but these are secondary to corporate fundamentals. Zacks: Earnings ESP
• Neutral Sentiment: Broader coverage / featured articles: Multiple media pieces discuss Seagate’s AI exposure and re‑rating; useful for sentiment but not necessarily immediate price drivers.
• Negative Sentiment: Insider selling amplified caution: CEO William Mosley sold 20,000 shares (~$8.6M) and other executives/directors also sold significant blocks in early February; these disclosures are cited by media and can trigger short‑term selling and heightened scrutiny. CEO Form 4
• Negative Sentiment: Macro/geopolitical concerns: Coverage points to renewed worries about potential AI chip export restrictions to China — a risk that can dent demand assumptions for storage suppliers and weighed on the stock in recent sessions. Forbes: How Low Can Seagate Stock Go?
• Negative Sentiment: Media scrutiny after listed share sales: Commentary tying executive sales to questions about AI storage valuation is adding to short‑term pressure and helped trigger recent intraday declines. Yahoo: CEO share sale coverage

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.