Seagate Technology (NASDAQ:STX) Stock Rating Upgraded by Zacks Research

Seagate Technology (NASDAQ:STX) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

STX has been the topic of several other reports. Benchmark increased their price objective on shares of Seagate Technology from $165.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Cantor Fitzgerald boosted their price target on shares of Seagate Technology from $175.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, September 22nd. UBS Group boosted their price target on shares of Seagate Technology from $85.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Rosenblatt Securities boosted their price target on shares of Seagate Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Finally, Wells Fargo & Company boosted their price target on shares of Seagate Technology from $122.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $193.32.

Seagate Technology Stock Down 0.8%

STX opened at $252.79 on Thursday. The company has a market cap of $53.84 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 1.14 and a beta of 1.63. Seagate Technology has a 52-week low of $63.19 and a 52-week high of $264.83. The firm’s fifty day simple moving average is $183.78 and its two-hundred day simple moving average is $135.66.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.14. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.40 billion. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. The company’s revenue was up 29.5% compared to the same quarter last year. During the same period last year, the firm posted $1.05 earnings per share. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. On average, research analysts forecast that Seagate Technology will post 6.83 EPS for the current year.

Insider Activity at Seagate Technology

In other Seagate Technology news, EVP John Christopher Morris sold 15,347 shares of Seagate Technology stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $195.80, for a total transaction of $3,004,942.60. Following the transaction, the executive vice president directly owned 9,843 shares of the company’s stock, valued at $1,927,259.40. The trade was a 60.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Ci Lee sold 3,509 shares of Seagate Technology stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $154.74, for a total transaction of $542,982.66. Following the transaction, the insider directly owned 1,288 shares in the company, valued at $199,305.12. This trade represents a 73.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,935 shares of company stock valued at $14,394,416 over the last ninety days. Corporate insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Seagate Technology

A number of institutional investors have recently bought and sold shares of the company. Salvus Wealth Management LLC grew its holdings in shares of Seagate Technology by 2.0% in the second quarter. Salvus Wealth Management LLC now owns 3,416 shares of the data storage provider’s stock valued at $493,000 after purchasing an additional 68 shares in the last quarter. Asset Dedication LLC grew its holdings in Seagate Technology by 9.5% during the 2nd quarter. Asset Dedication LLC now owns 809 shares of the data storage provider’s stock worth $117,000 after acquiring an additional 70 shares in the last quarter. GoalVest Advisory LLC grew its holdings in Seagate Technology by 30.6% during the 2nd quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock worth $46,000 after acquiring an additional 75 shares in the last quarter. Angeles Wealth Management LLC grew its holdings in Seagate Technology by 2.2% during the 2nd quarter. Angeles Wealth Management LLC now owns 3,485 shares of the data storage provider’s stock worth $503,000 after acquiring an additional 76 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in Seagate Technology by 3.3% during the 2nd quarter. Bessemer Group Inc. now owns 2,502 shares of the data storage provider’s stock worth $361,000 after acquiring an additional 81 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

About Seagate Technology

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.