Seagate Technology (NASDAQ:STX) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

Seagate Technology (NASDAQ:STX) had its price objective lifted by research analysts at Rosenblatt Securities from $250.00 to $270.00 in a research report issued on Wednesday, Marketbeat reports. The brokerage presently has a “buy” rating on the data storage provider’s stock. Rosenblatt Securities’ price target indicates a potential upside of 0.62% from the company’s previous close.

Several other analysts also recently weighed in on STX. Susquehanna boosted their target price on Seagate Technology from $68.00 to $80.00 and gave the company a “negative” rating in a report on Wednesday, July 30th. UBS Group boosted their target price on Seagate Technology from $155.00 to $235.00 and gave the company a “neutral” rating in a report on Monday, October 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Seagate Technology in a report on Wednesday, October 8th. Cantor Fitzgerald boosted their target price on Seagate Technology from $175.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Finally, Sanford C. Bernstein boosted their target price on Seagate Technology from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.24.

Seagate Technology Price Performance

Shares of NASDAQ STX opened at $268.33 on Wednesday. The company has a market capitalization of $57.15 billion, a price-to-earnings ratio of 34.45, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. The business has a 50-day moving average of $211.84 and a two-hundred day moving average of $155.61. Seagate Technology has a 1 year low of $63.19 and a 1 year high of $274.48.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the previous year, the business earned $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. As a group, equities research analysts expect that Seagate Technology will post 6.83 earnings per share for the current year.

Insider Transactions at Seagate Technology

In related news, Director Jay L. Geldmacher sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $150.50, for a total value of $376,250.00. Following the sale, the director owned 352 shares in the company, valued at $52,976. This represents a 87.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 485,668 shares in the company, valued at approximately $121,368,433.20. This represents a 3.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 45,090 shares of company stock worth $9,759,648. 0.79% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Seagate Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vision Financial Markets LLC acquired a new stake in shares of Seagate Technology during the second quarter worth $173,000. Nordea Investment Management AB boosted its holdings in shares of Seagate Technology by 18.0% during the second quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider’s stock worth $2,632,000 after purchasing an additional 2,808 shares during the last quarter. Personal CFO Solutions LLC acquired a new stake in shares of Seagate Technology during the first quarter worth $223,000. Amalgamated Bank boosted its holdings in shares of Seagate Technology by 0.8% during the first quarter. Amalgamated Bank now owns 29,964 shares of the data storage provider’s stock worth $2,545,000 after purchasing 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 during the first quarter worth $272,000. Hedge funds and other 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.