Seagate Technology (NASDAQ:STX) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

Key Points

• Rosenblatt Securities has raised its price target for Seagate Technology from $200.00 to $250.00, indicating a potential upside of 14.94% from the current stock price.
• Seagate's average rating is now "Moderate Buy" from 15 analysts, with a consensus target price of $188.21, while recent earnings exceeded expectations with a revenue of $2.44 billion.
• Institutional investors own 92.87% of Seagate's stock, highlighting strong institutional interest amid recent increases in holdings by various hedge funds.

Seagate Technology (NASDAQ:STX - Get Free Report) had its price objective raised by research analysts at Rosenblatt Securities from $200.00 to $250.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the data storage provider's stock. Rosenblatt Securities' target price would indicate a potential upside of 14.94% from the stock's current price.

A number of other equities research analysts have also recently weighed in on STX. Wells Fargo & Company boosted their price objective on Seagate Technology from $122.00 to $160.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Cantor Fitzgerald boosted their price objective on Seagate Technology from $175.00 to $280.00 and gave the company an "overweight" rating in a research note on Monday, September 22nd. Bank of America upped their price target on Seagate Technology from $215.00 to $255.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th. Citigroup upped their price target on Seagate Technology from $167.00 to $215.00 and gave the stock a "buy" rating in a research note on Monday, September 8th. Finally, Morgan Stanley upped their price target on Seagate Technology from $167.00 to $168.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Fifteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Seagate Technology currently has an average rating of "Moderate Buy" and a consensus target price of $188.21.

Seagate Technology Trading Down 1.1%

Shares of NASDAQ STX opened at $217.51 on Monday. Seagate Technology has a twelve month low of $63.19 and a twelve month high of $231.96. The stock has a 50 day moving average of $174.24 and a two-hundred day moving average of $130.83. The stock has a market cap of $46.32 billion, a P/E ratio of 32.13, a P/E/G ratio of 0.98 and a beta of 1.53.

Seagate Technology (NASDAQ:STX - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share for the quarter, beating analysts' consensus estimates of $2.45 by $0.14. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%.The company had revenue of $2.44 billion during the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter in the previous year, the business earned $1.05 earnings per share. The firm's revenue for the quarter was up 29.5% on a year-over-year basis. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. As a group, research analysts predict that Seagate Technology will post 6.83 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Jay L. Geldmacher sold 2,500 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $150.50, for a total value of $376,250.00. Following the completion of the transaction, the director owned 352 shares in the company, valued at $52,976. This trade represents a 87.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James Ci Lee sold 3,509 shares of the stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $154.74, for a total value of $542,982.66. Following the sale, the insider directly owned 1,288 shares in the company, valued at approximately $199,305.12. The trade was a 73.15% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,935 shares of company stock valued at $12,289,616. Company insiders own 0.79% of the company's stock.

Hedge Funds Weigh In On Seagate Technology

Several hedge funds and other institutional investors have recently modified their holdings of the company. Corient Private Wealth LLC lifted its stake in shares of Seagate Technology by 35.8% in the 2nd quarter. Corient Private Wealth LLC now owns 24,583 shares of the data storage provider's stock valued at $3,548,000 after purchasing an additional 6,483 shares in the last quarter. Capital A Wealth Management LLC lifted its stake in shares of Seagate Technology by 871.0% in the 2nd quarter. Capital A Wealth Management LLC now owns 602 shares of the data storage provider's stock valued at $87,000 after purchasing an additional 540 shares in the last quarter. National Wealth Management Group LLC acquired a new position in shares of Seagate Technology in the 2nd quarter valued at about $568,000. Caldwell Trust Co acquired a new position in shares of Seagate Technology in the 2nd quarter valued at about $217,000. Finally, Valeo Financial Advisors LLC acquired a new position in shares of Seagate Technology in the 2nd quarter valued at about $366,000. 92.87% of the stock is owned by institutional investors and hedge funds.

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.

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