Rosenblatt Securities Issues Positive Forecast for Seagate Technology (NASDAQ:STX) Stock Price

Seagate Technology (NASDAQ:STX) had its target price hoisted by Rosenblatt Securities from $270.00 to $370.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a buy rating on the data storage provider’s stock.

Several other research firms also recently commented on STX. Morgan Stanley boosted their target price on shares of Seagate Technology from $270.00 to $337.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. Mizuho boosted their price objective on Seagate Technology from $290.00 to $370.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Sanford C. Bernstein raised their target price on Seagate Technology from $275.00 to $370.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Susquehanna raised Seagate Technology from a “negative” rating to a “neutral” rating and lifted their target price for the company from $150.00 to $280.00 in a research report on Friday, January 16th. Finally, China Renaissance increased their price target on Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $335.61.

Seagate Technology Trading Down 0.1%

NASDAQ STX opened at $325.99 on Tuesday. The company has a market cap of $69.62 billion, a P/E ratio of 41.85, a PEG ratio of 1.28 and a beta of 1.60. The company has a fifty day simple moving average of $284.51 and a 200 day simple moving average of $226.36. Seagate Technology has a 12-month low of $63.19 and a 12-month high of $336.17.

Seagate Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th were given a $0.74 dividend. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, December 24th. Seagate Technology’s payout ratio is presently 38.00%.

Insider Transactions at Seagate Technology

In other news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $262.82, for a total transaction of $5,256,400.00. Following the completion of the sale, the chief executive officer owned 465,668 shares in the company, valued at $122,386,863.76. This trade represents a 4.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephanie Tilenius sold 2,046 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $266.41, for a total value of $545,074.86. Following the completion of the transaction, the director owned 12,244 shares in the company, valued at approximately $3,261,924.04. The trade was a 14.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 132,557 shares of company stock valued at $36,847,793. Corporate insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Seagate Technology

Large investors have recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. bought a new position in Seagate Technology during the second quarter worth about $27,000. Rakuten Securities Inc. lifted its stake in shares of Seagate Technology by 884.2% during 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 in the last quarter. Armstrong Advisory Group Inc. bought a new position in Seagate Technology in the 4th quarter worth approximately $28,000. MTM Investment Management LLC purchased a new position in Seagate Technology in the 2nd quarter valued at approximately $29,000. Finally, First Horizon Corp bought a new stake in Seagate Technology during the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology News Roundup

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

• Positive Sentiment: Bank of America reiterated its Buy rating, raised its price target to $400 (from $320), and cited stronger visibility into Q2 revenue and margin growth driven by continued data-center demand and seasonal improvement in consumer/VIA segments. Seagate Technology poised for strong Q2 on data center demand, Bank of America says
• Positive Sentiment: Citigroup raised its target to $385 (from $320) and set a Buy rating — implying roughly mid-to-high teens upside — reflecting bullish analyst views on growth ahead. Benzinga
• Positive Sentiment: Rosenblatt lifted its target to $370 (from $270) and maintains a Buy rating, another vote of confidence supporting near-term upside expectations. Benzinga
• Neutral Sentiment: UBS raised its target to $335 (from $230) but kept a Neutral rating — the new target sits close to the current price, suggesting limited immediate upside from UBS despite the higher valuation. Benzinga
• Neutral Sentiment: A Yahoo Finance piece examines whether Seagate’s push into AI edge storage meaningfully reshapes its competitive moat — a strategic-read that could influence longer-term investor expectations but is uncertain near term. Does Seagate (STX) Leaning Into AI Edge Storage Reframe Its Core Competitive Moat?

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.