Seagate Technology (NASDAQ:STX – Get Free Report) had its price target boosted by equities research analysts at UBS Group from $440.00 to $515.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the data storage provider’s stock. UBS Group’s price target suggests a potential downside of 8.91% from the stock’s previous close.
A number of other equities analysts have also issued reports on STX. Mizuho raised their price target on Seagate Technology from $475.00 to $565.00 and gave the stock an “outperform” rating in a report on Friday, April 10th. Wedbush lifted their price objective on Seagate Technology from $290.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Evercore lifted their price objective on Seagate Technology from $450.00 to $550.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Bank of America lifted their price objective on Seagate Technology from $450.00 to $605.00 and gave the company a “buy” rating in a report on Monday. Finally, Cantor Fitzgerald lifted their price objective on Seagate Technology from $500.00 to $650.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Nineteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $505.79.
View Our Latest Stock Report on Seagate Technology
Seagate Technology Stock Performance
Seagate Technology (NASDAQ:STX – Get Free Report) last released 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 negative return on equity of 936.38% and a net margin of 19.59%.The firm had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the company posted $2.03 earnings per share. The business’s 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. On average, research analysts forecast that Seagate Technology will post 12.13 earnings per share for the current fiscal year.
Insider Activity at Seagate Technology
In other news, EVP Ban Seng Teh sold 20,195 shares of Seagate Technology stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the completion of the sale, the executive vice president directly owned 3,092 shares in the company, valued at approximately $1,367,560.68. This trade represents a 86.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James Ci Lee sold 673 shares of Seagate Technology stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $348.85, for a total transaction of $234,776.05. Following the sale, the executive vice president owned 257 shares of the company’s stock, valued at approximately $89,654.45. The trade was a 72.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 112,223 shares of company stock worth $46,711,217. 0.79% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Seagate Technology
A number of hedge funds and other institutional investors have recently modified their holdings of STX. Integrated Wealth Concepts LLC lifted its position in shares of Seagate Technology by 168.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock valued at $610,000 after acquiring an additional 4,499 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Seagate Technology during the 2nd quarter valued at approximately $262,000. Cerity Partners LLC lifted its position in shares of Seagate Technology by 25.8% during the 2nd quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock valued at $5,294,000 after acquiring an additional 7,517 shares during the period. Sei Investments Co. lifted its position in shares of Seagate Technology by 64.8% during the 2nd quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock valued at $1,233,000 after acquiring an additional 3,358 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Seagate Technology by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock valued at $18,458,000 after acquiring an additional 462 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.
Seagate Technology News Summary
Here are the key news stories impacting Seagate Technology this week:
- Positive Sentiment: Bank of America raised its price target to $605 (from $450) and upgraded Seagate to Buy, boosting forward revenue and EPS estimates — a direct catalyst that supports higher valuation and likely contributed to the rally. Seagate Technology price target boosted by Bank of America ahead of quarterly report
- Positive Sentiment: Zacks says Wall Street expects earnings growth and positions Seagate for a likely beat in the upcoming report — positive near‑term earnings surprise potential can lift the shares into the print. Seagate (STX) Reports Next Week: Wall Street Expects Earnings Growth
- Positive Sentiment: Analyst Louis Navellier (MarketBeat/InvestorPlace) lists Seagate among five names positioned to win the AI data‑center buildout — reinforces the secular demand story for storage and supports multiple expansion. 5 Stocks Positioned to Win the AI Data Center Buildout (STX)
- Positive Sentiment: Sector notes (FXEmpire) flag upside for AI parts including STX as data‑center spending and AI deployments accelerate — broad sector momentum often lifts leading suppliers like Seagate. SNDK, WDC and STX Forecasts – AI Parts Look to Rally
- Neutral Sentiment: Market calendar focus — April 28 is flagged as Seagate’s next key update/earnings event; anticipation of guidance will likely keep shares volatile into the print. Dear Seagate Technology Stock Fans, Mark Your Calendars for April 28
- Neutral Sentiment: Wider market tone: Nasdaq’s long win streak ending reflects short‑term tech profit‑taking risk — could cap gains in STX despite company‑specific positives. Nasdaq Finally Snaps Longest Win Streak Since 1992
- Negative Sentiment: Zacks highlights the flip side: STX’s ~616% one‑year run leaves valuation stretched and its high leverage remains a risk — profit‑taking or a disappointed guide could trigger outsized downside. Seagate’s Massive 616% Run in a Year: Time to Buy, Sell, or Stay Put?
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.
Further Reading
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