Seagate Technology (NASDAQ:STX) Given New $370.00 Price Target at Sanford C. Bernstein

Seagate Technology (NASDAQ:STX) had its target price upped by stock analysts at Sanford C. Bernstein from $275.00 to $370.00 in a report issued on Thursday,MarketScreener reports. The firm presently has an “outperform” rating on the data storage provider’s stock. Sanford C. Bernstein’s price target would indicate a potential upside of 37.25% from the company’s previous close.

A number of other research analysts have also recently commented on STX. Evercore ISI upped their target price on Seagate Technology from $160.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Robert W. Baird lifted their price objective on shares of Seagate Technology from $188.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Wedbush upped their target price on shares of Seagate Technology from $260.00 to $290.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Wells Fargo & Company lifted their price target on shares of Seagate Technology from $240.00 to $250.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Finally, The Goldman Sachs Group lifted their target price on Seagate Technology from $170.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $272.95.

Seagate Technology Stock Performance

STX stock traded down $8.89 during trading on Thursday, hitting $269.59. 826,824 shares of the company’s stock traded hands, compared to its average volume of 4,069,951. Seagate Technology has a 52 week low of $63.19 and a 52 week high of $284.42. The stock has a market capitalization of $57.57 billion, a price-to-earnings ratio of 34.44, a P/E/G ratio of 1.17 and a beta of 1.63. The business has a fifty day simple moving average of $221.80 and a 200 day simple moving average of $162.25.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, October 28th. The data storage provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.21. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. Seagate Technology had a net margin of 17.92% and a negative return on equity of 297.87%. The firm’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.58 EPS. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. Research analysts forecast that Seagate Technology will post 6.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Kian Fatt Chong sold 7,078 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $272.14, for a total transaction of $1,926,206.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $262.82, for a total value of $5,256,400.00. Following the sale, the chief executive officer owned 465,668 shares in the company, valued at approximately $122,386,863.76. The trade was a 4.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 78,964 shares of company stock valued at $19,067,455. 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. Vision Financial Markets LLC acquired a new stake in Seagate Technology in the 2nd quarter valued at about $173,000. Nordea Investment Management AB boosted its stake in Seagate Technology by 18.0% during the second quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider’s stock worth $2,632,000 after buying an additional 2,808 shares during the last quarter. Personal CFO Solutions LLC purchased a new stake in Seagate Technology in the 1st quarter valued at $223,000. Retirement Planning Co of New England Inc. acquired a new stake in shares of Seagate Technology in the 1st quarter worth $272,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Seagate Technology by 21.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 61,263 shares of the data storage provider’s stock worth $8,886,000 after acquiring an additional 10,847 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Company Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.