Morgan Stanley Boosts Seagate Technology (NASDAQ:STX) Price Target to $270.00

Seagate Technology (NASDAQ:STX) had its target price lifted by equities research analysts at Morgan Stanley from $265.00 to $270.00 in a report released on Wednesday, Marketbeat Ratings reports. The brokerage presently has an “overweight” rating on the data storage provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 0.62% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the company. TD Cowen raised their price target on Seagate Technology from $175.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday. Benchmark raised their price target on Seagate Technology from $165.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Sanford C. Bernstein lifted their target price on Seagate Technology from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Cantor Fitzgerald lifted their target price on Seagate Technology from $175.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. Finally, UBS Group lifted their target price on Seagate Technology from $155.00 to $235.00 and gave the company a “neutral” rating in a research note on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $255.24.

Seagate Technology Price Performance

STX stock opened at $268.33 on Wednesday. The business has a fifty day moving average price of $211.84 and a 200 day moving average price of $155.61. Seagate Technology has a fifty-two week low of $63.19 and a fifty-two week high of $274.48. The stock has a market capitalization of $57.15 billion, a price-to-earnings ratio of 34.45, a P/E/G ratio of 1.17 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period last year, the firm posted $1.58 EPS. The business’s revenue 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 expect that Seagate Technology will post 6.83 earnings per share for the current fiscal year.

Insider Transactions at Seagate Technology

In other news, EVP John Christopher Morris sold 377 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $211.26, for a total value of $79,645.02. Following the sale, the executive vice president directly owned 13,238 shares in the company, valued at $2,796,659.88. The trade was a 2.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jay L. Geldmacher sold 2,500 shares of the business’s 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 45,090 shares of company stock valued at $9,759,648. 0.79% of the stock is currently owned by company insiders.

Institutional Trading of Seagate Technology

Institutional investors have recently modified their holdings of the company. Vision Financial Markets LLC acquired a new stake in shares of Seagate Technology in the second quarter valued at about $173,000. Nordea Investment Management AB increased its position in shares of Seagate Technology by 18.0% in the second quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider’s stock valued at $2,632,000 after acquiring an additional 2,808 shares during the last quarter. Personal CFO Solutions LLC acquired a new stake in shares of Seagate Technology in the first quarter valued at about $223,000. Amalgamated Bank increased its position in shares of Seagate Technology by 0.8% in the first quarter. Amalgamated Bank now owns 29,964 shares of the data storage provider’s stock valued at $2,545,000 after acquiring an additional 243 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. acquired a new stake in shares of Seagate Technology in the first quarter valued at about $272,000. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Company Profile

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.