Seagate Technology (NASDAQ:STX) Stock Rating Upgraded by Exane BNP Paribas

Seagate Technology (NASDAQ:STX) was upgraded by equities researchers at Exane BNP Paribas from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Cantor Fitzgerald lifted their price target on Seagate Technology from $280.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. BNP Paribas Exane raised shares of Seagate Technology from a “neutral” rating to an “outperform” rating and set a $380.00 target price on the stock in a research report on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a report on Monday, December 29th. Mizuho increased their price target on shares of Seagate Technology from $290.00 to $370.00 and gave the stock an “outperform” rating in a research note on Friday, January 9th. Finally, Benchmark lifted their price target on shares of Seagate Technology from $255.00 to $325.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $352.00.

Seagate Technology Stock Up 0.7%

Shares of NASDAQ:STX opened at $346.53 on Wednesday. The company has a market cap of $74.00 billion, a P/E ratio of 44.48, a P/E/G ratio of 1.04 and a beta of 1.60. The business has a fifty day simple moving average of $287.40 and a 200-day simple moving average of $228.02. Seagate Technology has a 52 week low of $63.19 and a 52 week high of $350.05.

Insider Activity

In related news, Director Stephanie Tilenius sold 2,046 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $266.41, for a total value of $545,074.86. Following the completion of the sale, the director directly owned 12,244 shares in the company, valued at approximately $3,261,924.04. This represents a 14.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gianluca Romano sold 54,021 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $285.16, for a total value of $15,404,628.36. Following the completion of the transaction, the chief financial officer directly owned 56,293 shares in the company, valued at $16,052,511.88. This trade represents a 48.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 132,557 shares of company stock worth $36,847,793 in the last quarter. Insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Harbor Asset Planning Inc. acquired a new position in shares of Seagate Technology in the 2nd quarter valued at approximately $27,000. Rakuten Securities Inc. grew its position in shares of 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 buying an additional 168 shares in the last quarter. Armstrong Advisory Group Inc. bought a new stake in shares of Seagate Technology in the fourth quarter worth $28,000. MTM Investment Management LLC acquired a new stake in Seagate Technology in the second quarter valued at $29,000. Finally, First Horizon Corp acquired a new stake in Seagate Technology in the third quarter valued at $33,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Seagate’s areal-density roadmap and HAMR-powered Mozaic drives are highlighted as keeping HDDs cost-efficient as hyperscalers scale AI storage beyond 36TB — technical progress that supports higher ASPs and long-term capacity demand. Read More.
• Positive Sentiment: Analysts and research pieces point to Seagate’s history of earnings beats and the current setup (pricing power, demand from cloud/AI customers) that make another potential beat likely — a catalyst for upward revisions. Read More.
• Positive Sentiment: Sector rotation into storage: market commentary says institutional money is moving from GPUs/chips into memory and storage as AI shifts emphasis to massive data capacity — a tailwind for HDD demand alongside SSD markets. Read More.
• Positive Sentiment: Multiple broker actions (Exane BNP Paribas upgraded to strong‑buy/outperform with a ~$380 target; Rosenblatt, UBS and Bank of America published bullish notes/price-target increases) are boosting sentiment and have helped push STX to a new 12‑month high. Read More.
• Neutral Sentiment: Valuation and positioning pieces review STX after the upgrades — analysts debate upside vs. high multiples (STX trades with elevated PE and near its 52‑week high), so some investors may pause to reassess entry points. Read More.
• Negative Sentiment: Not all shops are uniformly bullish — Zacks Research cut its rating from strong‑buy to hold, which could temper momentum among more conservative investors. Read More.

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.