Seagate Technology (NASDAQ:STX) Stock Price Target Lowered at Susquehanna

Seagate Technology (NASDAQ:STX) had its price objective lowered by analysts at Susquehanna from $925.00 to $765.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the data storage provider’s stock. Susquehanna‘s price objective would indicate a potential upside of 14.55% from the stock’s current price.

Other analysts have also recently issued reports about the company. Wells Fargo & Company dropped their price target on Seagate Technology from $1,180.00 to $865.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. Weiss Ratings upgraded shares of Seagate Technology from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. Wall Street Zen upgraded shares of Seagate Technology from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 26th. Evercore restated an “outperform” rating on shares of Seagate Technology in a report on Wednesday. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $1,350.00 price target on shares of Seagate Technology in a research report on Wednesday, July 29th. Twenty-two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $979.24.

Seagate Technology Stock Performance

NASDAQ:STX opened at $667.85 on Wednesday. The firm’s fifty day simple moving average is $809.95 and its 200 day simple moving average is $682.75. Seagate Technology has a twelve month low of $217.67 and a twelve month high of $1,145.00.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, October 27th. The data storage provider reported $7.68 EPS for the quarter, topping analysts’ consensus estimates of $7.45 by $0.23. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period in the previous year, the firm posted $2.61 earnings per share. The company’s revenue for the quarter was up 61.0% on a year-over-year basis. Sell-side analysts anticipate that Seagate Technology will post 35.79 earnings per share for the current year.

Insider Activity at Seagate Technology

In other Seagate Technology news, EVP Ban Teh sold 52,730 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $782.08, for a total transaction of $41,239,078.40. Following the transaction, the executive vice president owned 5,810 shares of the company’s stock, valued at approximately $4,543,884.80. This represents a 90.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 49,984 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $772.16, for a total transaction of $38,595,645.44. Following the transaction, the chief financial officer owned 70,756 shares in the company, valued at approximately $54,634,952.96. The trade was a 41.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 467,506 shares of company stock valued at $379,191,992. 0.51% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Creative Capital Management Investments LLC grew its holdings in Seagate Technology by 104.5% during the third quarter. Creative Capital Management Investments LLC now owns 45 shares of the data storage provider’s stock worth $42,000 after purchasing an additional 23 shares during the period. China Universal Asset Management Co. Ltd. grew its holdings in shares of Seagate Technology by 63.5% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 11,037 shares of the data storage provider’s stock worth $10,090,000 after purchasing an additional 4,285 shares in the last quarter. Childress Capital Advisors LLC increased its holdings in Seagate Technology by 15.2% in the 3rd quarter. Childress Capital Advisors LLC now owns 780 shares of the data storage provider’s stock valued at $719,000 after buying an additional 103 shares during the period. D.A. Davidson & CO. lifted its position in shares of Seagate Technology by 6.3% during the 3rd quarter. D.A. Davidson & CO. now owns 4,891 shares of the data storage provider’s stock worth $4,511,000 after buying an additional 288 shares during the last quarter. Finally, Essential Investment Partners LLC bought a new stake in shares of Seagate Technology during the third quarter worth $921,000. 92.87% of the stock is owned by institutional investors and hedge funds.

More Seagate Technology News

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: Seagate reported fiscal Q1 2027 revenue of $4.23 billion, up 61% year over year, and non-GAAP earnings of $7.68 per share, exceeding analyst expectations. Data-center revenue rose 63%, helping generate record cash flow. Seagate Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: Management projected approximately $4.8 billion in December-quarter revenue and $9.20 in non-GAAP EPS, above consensus expectations. The outlook reflects continued pricing strength and demand from AI infrastructure and hyperscale data centers. Seagate Expects December-Quarter Revenue and EPS
• Positive Sentiment: Seagate raised its quarterly dividend 2.7% to $0.76 per share and plans to emphasize share repurchases, signaling confidence in cash generation. Its HAMR and SMR technologies also achieved interoperability validation with Broadcom systems and Microsoft Azure, potentially accelerating adoption by cloud customers. Seagate HAMR and SMR Breakthrough
• Neutral Sentiment: Analysts remain broadly constructive, with Cantor Fitzgerald retaining an “overweight” rating, although it reduced its price target to $1,000 from $1,300. The cut reflects greater caution following the stock’s sharp prior rally. Cantor Fitzgerald Seagate Rating
• Negative Sentiment: The shares declined in after-hours trading despite the earnings beat and raised outlook. Investors appear concerned that expectations and valuation are already high, while commentary about moderating margin growth encouraged profit-taking after a strong run. Seagate Earnings Beat but Valuation Concerns Remain
• Negative Sentiment: An executive’s sale of approximately $351,000 in stock adds a modest sentiment headwind, although the transaction is small relative to Seagate’s market value. Seagate Executive Stock Sale

Seagate Technology Company Profile

Seagate Technology Holdings plc (NASDAQ: STX) is a data storage company that develops and manufactures mass-capacity storage products and solutions. Its portfolio is centered on hard disk drives (HDDs) used in cloud data centers, enterprise systems, network-attached storage, video and imaging applications, and personal computers.

The company also provides storage-related services and solutions designed to help organizations store, manage, protect, and access large volumes of digital information.