Seagate Technology (NASDAQ:STX) Given New $545.00 Price Target at UBS Group

Seagate Technology (NASDAQ:STX) had its price objective upped by UBS Group from $515.00 to $545.00 in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. UBS Group currently has a neutral rating on the data storage provider’s stock.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company raised their price target on Seagate Technology from $450.00 to $700.00 and gave the company an “equal weight” rating in a research note on Wednesday. KeyCorp set a $500.00 price target on Seagate Technology in a research note on Wednesday, January 28th. The Goldman Sachs Group raised their price target on Seagate Technology from $385.00 to $700.00 and gave the company a “buy” rating in a research note on Wednesday. Loop Capital raised their price target on Seagate Technology from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Susquehanna raised their price target on Seagate Technology from $485.00 to $615.00 and gave the company a “neutral” rating in a research note on Wednesday. Twenty research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and an average price target of $680.79.

Seagate Technology Stock Performance

STX stock opened at $643.30 on Wednesday. The firm has a market cap of $140.29 billion, a price-to-earnings ratio of 72.77, a PEG ratio of 0.99 and a beta of 1.61. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. Seagate Technology has a twelve month low of $85.47 and a twelve month high of $697.00. The business’s fifty day simple moving average is $448.93 and its two-hundred day simple moving average is $353.84.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.47 by $0.63. The firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.94 billion. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The business’s revenue for the quarter was up 44.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Analysts predict that Seagate Technology will post 12.13 earnings per share for the current year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.5%. Seagate Technology’s dividend payout ratio (DPR) is presently 33.48%.

Insider Activity at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $420.73, for a total transaction of $8,414,600.00. Following the sale, the chief executive officer owned 355,591 shares of the company’s stock, valued at $149,607,801.43. This trade represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jay L. Geldmacher sold 925 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $448.02, for a total value of $414,418.50. Following the sale, the director directly owned 223 shares in the company, valued at approximately $99,908.46. The trade was a 80.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 91,355 shares of company stock valued at $37,544,394 over the last quarter. 0.79% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Seagate Technology

Institutional investors have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC boosted its position in Seagate Technology by 124.4% during the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 51 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new stake in Seagate Technology in the fourth quarter worth about $28,000. Concord Wealth Partners acquired a new stake in Seagate Technology in the fourth quarter worth about $28,000. McMillan Office Inc. acquired a new stake in Seagate Technology in the first quarter worth about $39,000. Finally, Avion Wealth boosted its holdings in Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after acquiring an additional 79 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.

Seagate Technology News Summary

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

• Positive Sentiment: Q3 beat and strong guidance — Seagate reported $4.10 EPS and $3.11B revenue (both above consensus), generated roughly $1B in free cash flow, and guided Q4 EPS to $4.80–$5.20 and revenue to $3.4–$3.6B, well above Street estimates. This is the primary catalyst for the stock’s move higher. Seagate Q3 Press Release
• Positive Sentiment: AI-driven demand and pricing strength — Multiple reports and analyst commentary point to sustained enterprise spending on AI infrastructure that favors Seagate’s mass‑capacity nearline HDDs and strengthens pricing/margins, supporting a re‑rating of the stock. Reuters: Storage stocks jump
• Positive Sentiment: Wall Street lifts targets — A wave of price-target increases (including Rosenblatt to $1,000, JPMorgan to $775, Barclays to $750 and others) boosted sentiment and provided fresh buying interest, reinforcing the upside narrative. Rosenblatt $1,000 target
• Neutral Sentiment: Dividend declared — Seagate announced a quarterly dividend of $0.74/share (record June 24, payable July 7); modest yield and mostly signals capital return discipline rather than a major catalyst.
• Neutral Sentiment: Sector momentum context — Broad coverage notes the memory/storage group is rallying on AI optimism, which helps Seagate but also raises expectations for peers (reads: Investopedia and sector pieces). Investopedia: Memory stocks rally
• Negative Sentiment: Some caution remains — A few firms maintained neutral ratings or set targets below the intraday price (e.g., UBS, Susquehanna), highlighting valuation and execution risk if AI spending softens. Benzinga: analyst notes

About Seagate Technology

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.