Fox Advisors Raises Seagate Technology (NASDAQ:STX) Price Target to $270.00

Seagate Technology (NASDAQ:STX) had its price target increased by investment analysts at Fox Advisors from $245.00 to $270.00 in a research report issued on Wednesday,MarketScreener reports. Fox Advisors’ price objective would indicate a potential upside of 0.62% from the stock’s current price.

A number of other analysts have also commented on STX. Robert W. Baird lifted their price target on Seagate Technology from $188.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday. The Goldman Sachs Group lifted their target price on shares of Seagate Technology from $170.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Wells Fargo & Company lifted their target price on shares of Seagate Technology from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Barclays lifted their price target on shares of Seagate Technology from $200.00 to $240.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Evercore ISI lifted their price target on shares of Seagate Technology from $160.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus price target of $255.24.

Seagate Technology Trading Up 1.0%

STX opened at $268.33 on Wednesday. Seagate Technology has a 1-year low of $63.19 and a 1-year high of $274.48. The company has a market cap of $57.15 billion, a P/E ratio of 34.45, a PEG ratio of 1.17 and a beta of 1.63. The company’s 50 day moving average is $211.84 and its 200-day moving average is $155.61.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.21. Seagate Technology had a negative return on equity of 297.87% and a net margin of 17.92%.The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter last year, the business posted $1.58 EPS. Seagate Technology’s revenue for the quarter was up 21.3% on a year-over-year basis. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. On average, equities analysts forecast that Seagate Technology will post 6.83 EPS for the current year.

Insider Activity

In other news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $249.90, for a total value of $4,998,000.00. Following the transaction, the chief executive officer directly owned 485,668 shares of the company’s stock, valued at $121,368,433.20. The trade was a 3.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John Christopher Morris sold 15,347 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $195.80, for a total value of $3,004,942.60. Following the completion of the transaction, the executive vice president directly owned 9,843 shares in the company, valued at $1,927,259.40. This represents a 60.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 45,090 shares of company stock worth $9,759,648 in the last three months. Corporate insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Seagate Technology

Several institutional investors have recently added to or reduced their stakes in the business. Sivia Capital Partners LLC lifted its stake in Seagate Technology by 2.6% in the third quarter. Sivia Capital Partners LLC now owns 1,865 shares of the data storage provider’s stock valued at $440,000 after buying an additional 47 shares during the period. Magnus Financial Group LLC lifted its position in shares of Seagate Technology by 2.9% during the 3rd quarter. Magnus Financial Group LLC now owns 1,755 shares of the data storage provider’s stock valued at $414,000 after acquiring an additional 49 shares during the period. Lee Johnson Capital Management LLC lifted its position in shares of Seagate Technology by 0.9% during the 3rd quarter. Lee Johnson Capital Management LLC now owns 5,546 shares of the data storage provider’s stock valued at $1,309,000 after acquiring an additional 50 shares during the period. Dynamic Advisor Solutions LLC lifted its position in shares of Seagate Technology by 3.8% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 1,446 shares of the data storage provider’s stock valued at $341,000 after acquiring an additional 53 shares during the period. Finally, Cornerstone Wealth Group LLC raised its holdings in shares of Seagate Technology by 1.7% during the third quarter. Cornerstone Wealth Group LLC now owns 3,510 shares of the data storage provider’s stock valued at $829,000 after purchasing an additional 57 shares during the period. 92.87% of the stock is owned by institutional investors and hedge funds.

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.