UBS Group Issues Positive Forecast for Seagate Technology (NASDAQ:STX) Stock Price

Seagate Technology (NASDAQ:STX) had its target price boosted by UBS Group from $155.00 to $235.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the data storage provider’s stock.

Several other brokerages also recently issued reports on STX. Rosenblatt Securities raised their price target on Seagate Technology from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 2nd. Evercore ISI raised their price target on Seagate Technology from $160.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday, October 13th. Sanford C. Bernstein started coverage on Seagate Technology in a research report on Tuesday, September 16th. They issued an “outperform” rating and a $250.00 price target on the stock. Finally, Benchmark raised their price target on Seagate Technology from $165.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus price target of $233.40.

Seagate Technology Stock Performance

Shares of NASDAQ:STX opened at $214.40 on Monday. The company has a market cap of $45.66 billion, a P/E ratio of 31.67, a P/E/G ratio of 1.01 and a beta of 1.63. The stock’s 50-day moving average is $199.34 and its 200-day moving average is $146.99. Seagate Technology has a 52-week low of $63.19 and a 52-week high of $264.83.

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

Seagate Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Investors of record on Tuesday, September 30th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, September 30th. Seagate Technology’s dividend payout ratio (DPR) is presently 42.54%.

Insiders Place Their Bets

In related news, Director Jay L. Geldmacher sold 2,500 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $150.50, for a total value of $376,250.00. Following the completion of the sale, the director owned 352 shares in the company, valued at approximately $52,976. This trade represents a 87.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Ci Lee sold 1,116 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $153.36, for a total transaction of $171,149.76. Following the transaction, the insider owned 257 shares of the company’s stock, valued at approximately $39,413.52. This represents a 81.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,620 shares of company stock valued at $14,464,056 in the last quarter. 0.79% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STX. Harbor Asset Planning Inc. bought a new position in Seagate Technology during the second quarter worth about $27,000. Rakuten Securities Inc. lifted its stake in Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 168 shares during the period. MTM Investment Management LLC bought a new position in Seagate Technology during the second quarter worth about $29,000. Wayfinding Financial LLC bought a new position in Seagate Technology during the first quarter worth about $31,000. Finally, Golden State Wealth Management LLC lifted its stake in Seagate Technology by 2,200.0% during the first quarter. Golden State Wealth Management LLC now owns 460 shares of the data storage provider’s stock worth $39,000 after purchasing an additional 440 shares during the period. Institutional investors own 92.87% of the company’s stock.

About Seagate Technology

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.