Seagate Technology (NASDAQ:STX) Given New $465.00 Price Target at Loop Capital

Seagate Technology (NASDAQ:STX) had its target price hoisted by Loop Capital from $350.00 to $465.00 in a note issued to investors on Monday,MarketScreener reports. Loop Capital’s price target suggests a potential upside of 58.12% from the stock’s previous close.

A number of other research analysts have also recently weighed in on STX. TD Cowen lifted their price objective on shares of Seagate Technology from $175.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Morgan Stanley raised their price target on shares of Seagate Technology from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. BNP Paribas Exane dropped their price objective on shares of Seagate Technology from $240.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Susquehanna boosted their price objective on shares of Seagate Technology from $80.00 to $150.00 and gave the company a “negative” rating in a report on Wednesday, October 29th. Finally, Benchmark raised their target price on Seagate Technology from $250.00 to $255.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $278.18.

Seagate Technology Price Performance

Shares of STX stock opened at $294.08 on Monday. The stock’s 50 day simple moving average is $224.04 and its two-hundred day simple moving average is $164.90. The company has a market cap of $62.80 billion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. Seagate Technology has a 1 year low of $63.19 and a 1 year high of $295.05.

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

Insider Activity

In other Seagate Technology news, Director Jay L. Geldmacher sold 1,250 shares of the company’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $269.10, for a total value of $336,375.00. Following the transaction, the director directly owned 1,148 shares in the company, valued at $308,926.80. The trade was a 52.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $122,386,863.76. The trade was a 4.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 77,240 shares of company stock valued at $18,806,080. 0.79% of the stock is owned by corporate insiders.

Institutional Trading of Seagate Technology

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Horizon Corp purchased a new stake in shares of Seagate Technology in the 3rd quarter valued at $33,000. Raiffeisen Bank International AG purchased a new stake in Seagate Technology during the 3rd quarter valued at about $33,000. Physician Wealth Advisors Inc. boosted its position in shares of Seagate Technology by 43.7% during the third quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock valued at $35,000 after buying an additional 45 shares during the last quarter. United Community Bank raised its stake in Seagate Technology by 35.2% during the 3rd quarter. United Community Bank now owns 169 shares of the data storage provider’s stock valued at $40,000 after buying an additional 44 shares during the last quarter. Finally, Harbor Asset Planning Inc. purchased a new stake in Seagate Technology during the second quarter valued at approximately $27,000. Institutional investors 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.