UBS Group Forecasts Strong Price Appreciation for Seagate Technology (NASDAQ:STX) Stock

Seagate Technology (NASDAQ:STX) had its price objective raised by equities research analysts at UBS Group from $385.00 to $440.00 in a report issued on Monday,MarketScreener reports. The firm currently has a “neutral” rating on the data storage provider’s stock. UBS Group’s price target indicates a potential upside of 11.05% from the stock’s current price.

Several other analysts also recently issued reports on the company. Barclays boosted their price objective on Seagate Technology from $370.00 to $425.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 28th. Citigroup raised their target price on Seagate Technology from $460.00 to $480.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Loop Capital boosted their price target on shares of Seagate Technology from $465.00 to $700.00 and gave the company a “buy” rating in a report on Monday. Susquehanna upgraded shares of Seagate Technology from a “negative” rating to a “neutral” rating and upped their price target for the stock from $150.00 to $280.00 in a research report on Friday, January 16th. Finally, KeyCorp set a $500.00 price objective on shares of Seagate Technology in a research report on Wednesday, January 28th. Eighteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $444.09.

Seagate Technology Stock Down 6.8%

STX stock opened at $396.23 on Monday. The firm has a market cap of $86.41 billion, a price-to-earnings ratio of 44.82, a PEG ratio of 0.95 and a beta of 1.62. Seagate Technology has a 1-year low of $63.19 and a 1-year high of $459.41. The firm has a fifty day moving average price of $326.23 and a two-hundred day moving average price of $253.10. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period last year, the firm posted $2.03 EPS. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Research analysts predict that Seagate Technology will post 6.83 EPS for the current year.

Insider Activity

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the sale, the chief executive officer directly owned 429,895 shares in the company, valued at approximately $122,760,816.20. The trade was a 4.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Yolanda Lee Conyers sold 750 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $272.91, for a total transaction of $204,682.50. Following the completion of the transaction, the director owned 5,601 shares of the company’s stock, valued at $1,528,568.91. This trade represents a 11.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 83,955 shares of company stock worth $29,925,749 in the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

Institutional Trading of Seagate Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Gateway Investment Advisers LLC grew its position in Seagate Technology by 1.8% in the fourth quarter. Gateway Investment Advisers LLC now owns 1,399 shares of the data storage provider’s stock worth $385,000 after buying an additional 25 shares during the last quarter. Trajan Wealth LLC lifted its position in shares of Seagate Technology by 1.9% during the 4th quarter. Trajan Wealth LLC now owns 1,325 shares of the data storage provider’s stock valued at $365,000 after acquiring an additional 25 shares during the last quarter. EWA LLC boosted its stake in shares of Seagate Technology by 2.1% during the 4th quarter. EWA LLC now owns 1,370 shares of the data storage provider’s stock worth $377,000 after acquiring an additional 28 shares in the last quarter. SVB Wealth LLC grew its holdings in shares of Seagate Technology by 0.9% in the 4th quarter. SVB Wealth LLC now owns 3,347 shares of the data storage provider’s stock worth $922,000 after acquiring an additional 29 shares during the last quarter. Finally, Fielder Capital Group LLC raised its position in shares of Seagate Technology by 2.7% during the fourth quarter. Fielder Capital Group LLC now owns 1,217 shares of the data storage provider’s stock worth $335,000 after purchasing an additional 32 shares during the period. 92.87% of the stock is currently owned by institutional investors.

About Seagate Technology

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.