Seagate Technology (NASDAQ:STX) Price Target Raised to $582.00 at Morgan Stanley

Seagate Technology (NASDAQ:STX) had its price objective upped by Morgan Stanley from $468.00 to $582.00 in a research report released on Monday morning, Marketbeat reports. Morgan Stanley currently has an overweight rating on the data storage provider’s stock.

A number of other research analysts also recently issued reports on STX. The Goldman Sachs Group lifted their price target on shares of Seagate Technology from $310.00 to $385.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. BNP Paribas Exane lifted their price target on shares of Seagate Technology from $430.00 to $530.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Robert W. Baird lifted their price target on shares of Seagate Technology from $270.00 to $505.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Barclays lifted their price target on shares of Seagate Technology from $370.00 to $425.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. Finally, Susquehanna upgraded shares of Seagate Technology from a “negative” rating to a “neutral” rating and lifted their price target for the stock from $150.00 to $280.00 in a research note on Friday, January 16th. Nineteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $469.75.

Seagate Technology Trading Up 5.6%

NASDAQ STX opened at $453.30 on Monday. The firm has a 50 day simple moving average of $406.24 and a 200-day simple moving average of $316.98. The company has a debt-to-equity ratio of 7.63, a quick ratio of 0.72 and a current ratio of 1.12. Seagate Technology has a one year low of $63.19 and a one year high of $470.23. The firm has a market cap of $98.85 billion, a price-to-earnings ratio of 51.28, a PEG ratio of 0.95 and a beta of 1.61.

Seagate Technology (NASDAQ:STX) last issued 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 during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the firm earned $2.03 earnings per share. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities research analysts anticipate that Seagate Technology will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, March 25th. Seagate Technology’s payout ratio is presently 33.48%.

Insiders Place Their Bets

In other news, EVP Kian Fatt Chong sold 5,846 shares of Seagate Technology stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $416.48, for a total value of $2,434,742.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO William D. Mosley sold 24,584 shares of Seagate Technology stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $406.77, for a total transaction of $10,000,033.68. Following the completion of the transaction, the chief executive officer owned 375,591 shares in the company, valued at approximately $152,779,151.07. This trade represents a 6.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 113,635 shares of company stock worth $47,133,843. Corporate insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Seagate Technology

Hedge funds and other institutional investors have recently bought and sold shares of the company. Salomon & Ludwin LLC grew its position in Seagate Technology by 124.4% in the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after buying an additional 51 shares during the last quarter. Rakuten Securities Inc. grew its position in Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after buying an additional 168 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new position in Seagate Technology in the 4th quarter valued at $28,000. Avion Wealth boosted its position in shares of Seagate Technology by 343.5% during the 4th quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 79 shares in the last quarter. Finally, Concord Wealth Partners purchased a new stake in shares of Seagate Technology during the 4th quarter worth $28,000. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Morgan Stanley upgrade and big price‑target raise bolstered investor conviction; the firm moved STX to “overweight” and raised its target (cited by multiple outlets), which triggered fresh buying and institutional interest. Seagate Leads Data Storage and Memory Stocks Higher. Morgan Stanley Says It’s a ‘Top Pick’
• Positive Sentiment: AI/data‑center thematic lift — analysts and columnists are flagging Seagate as a direct beneficiary of NVIDIA‑driven data‑center expansion (storage is a bottleneck), supporting revenue/backlog momentum and continued institutional buying. These 4 Stocks Are Quietly Riding NVIDIA’s Data Center Boom Higher (STX)
• Positive Sentiment: Technical/momentum breakout commentary — market writers noted STX clearing resistance and testing fresh highs, which can attract momentum traders and ETFs tracking performance. Seagate Stock Soars To Fresh Highs: What To Watch
• Neutral Sentiment: Short‑term market bid from macro headlines (ceasefire optimism) lifted US indices broadly — an external tailwind that helped tech and semiconductor/storage names, including STX. This is market‑wide and may fade if macro news changes. Nasdaq 100: Seagate, Micron Lift US Indices on Ceasefire Optimism
• Negative Sentiment: Medium‑term risk: analysts and commentators caution that the AI/data‑center buildout could decelerate after the initial wave (potential easing of order backlogs in 2027), which would reduce urgency and could pressure multiples if growth slows. Monitor order backlog and forward earnings revisions. These 4 Stocks Are Quietly Riding NVIDIA’s Data Center Boom Higher (STX)

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.