Morgan Stanley Issues Positive Forecast for Seagate Technology (NASDAQ:STX) Stock Price

Seagate Technology (NASDAQ:STX) had its target price boosted by analysts at Morgan Stanley from $168.00 to $265.00 in a note issued to investors on Monday,MarketScreener reports. The brokerage currently has an “overweight” rating on the data storage provider’s stock. Morgan Stanley’s target price suggests a potential upside of 15.02% from the stock’s current price.

A number of other research firms also recently weighed in on STX. UBS Group raised 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. Benchmark lifted their target price on Seagate Technology from $165.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Susquehanna upped their price target on Seagate Technology from $68.00 to $80.00 and gave the company a “negative” rating in a research report on Wednesday, July 30th. Robert W. Baird lifted their price objective on shares of Seagate Technology from $120.00 to $188.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group began coverage on shares of Seagate Technology in a report on Thursday, July 10th. They issued a “buy” rating and a $170.00 price target for the company. Fifteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Seagate Technology currently has an average rating of “Moderate Buy” and an average price target of $193.32.

Seagate Technology Price Performance

Shares of STX opened at $230.39 on Monday. Seagate Technology has a 12 month low of $63.19 and a 12 month high of $231.96. The stock has a market cap of $49.07 billion, a PE ratio of 34.17, a P/E/G ratio of 0.98 and a beta of 1.53. The stock’s 50-day moving average is $174.24 and its two-hundred day moving average is $130.83.

Seagate Technology (NASDAQ:STX) last issued 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 company had revenue of $2.44 billion during 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%. Seagate Technology’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same quarter last year, the company earned $1.05 earnings per share. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. On average, research analysts anticipate that Seagate Technology will post 6.83 earnings per share for the current year.

Insider Buying and Selling at Seagate Technology

In related news, EVP Ban Seng Teh sold 5,905 shares of Seagate Technology stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $155.00, for a total transaction of $915,275.00. Following the transaction, the executive vice president directly owned 6,147 shares of the company’s stock, valued at $952,785. The trade was a 49.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $144.66, for a total transaction of $2,893,200.00. Following the completion of the sale, the chief executive officer owned 498,710 shares in the company, valued at approximately $72,143,388.60. This trade represents a 3.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,935 shares of company stock valued at $12,289,616. Corporate insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Salvus Wealth Management LLC increased its stake 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 worth $493,000 after buying an additional 68 shares during the period. Asset Dedication LLC raised its position in Seagate Technology by 9.5% during the 2nd quarter. Asset Dedication LLC now owns 809 shares of the data storage provider’s stock valued at $117,000 after purchasing an additional 70 shares during the last quarter. GoalVest Advisory LLC lifted its holdings in Seagate Technology by 30.6% in the 2nd quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock worth $46,000 after buying an additional 75 shares during the period. Angeles Wealth Management LLC grew its position in shares of Seagate Technology by 2.2% in the 2nd quarter. Angeles Wealth Management LLC now owns 3,485 shares of the data storage provider’s stock worth $503,000 after buying an additional 76 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Seagate Technology by 3.3% during the second quarter. Bessemer Group Inc. now owns 2,502 shares of the data storage provider’s stock valued at $361,000 after acquiring an additional 81 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.

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.