Seagate Technology (STX) – Investment Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Seagate Technology (NASDAQ: STX) recently:

• 1/27/2025 – Seagate Technology was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 1/22/2025 – Seagate Technology had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $150.00 price target on the stock.
• 1/22/2025 – Seagate Technology had its “outperform” rating reaffirmed by analysts at Northland Securities. They now have a $160.00 price target on the stock, up previously from $144.00.
• 1/22/2025 – Seagate Technology had its “neutral” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $120.00 price target on the stock.
• 1/22/2025 – Seagate Technology had its price target raised by analysts at UBS Group AG from $95.00 to $105.00. They now have a “neutral” rating on the stock.
• 1/22/2025 – Seagate Technology had its price target raised by analysts at Susquehanna from $65.00 to $68.00. They now have a “negative” rating on the stock.
• 1/22/2025 – Seagate Technology had its price target raised by analysts at Barclays PLC from $95.00 to $105.00. They now have an “equal weight” rating on the stock.
• 1/22/2025 – Seagate Technology was upgraded by analysts at Benchmark Co. from a “hold” rating to a “buy” rating. They now have a $120.00 price target on the stock.
• 1/22/2025 – Seagate Technology was upgraded by analysts at Summit Insights from a “hold” rating to a “buy” rating.
• 1/22/2025 – Seagate Technology had its price target raised by analysts at Citigroup Inc. from $120.00 to $125.00. They now have a “buy” rating on the stock.
• 1/22/2025 – Seagate Technology had its price target raised by analysts at Bank of America Co. from $124.00 to $130.00. They now have a “buy” rating on the stock.
• 1/22/2025 – Seagate Technology had its price target raised by analysts at Rosenblatt Securities from $140.00 to $150.00. They now have a “buy” rating on the stock.
• 1/21/2025 – Seagate Technology had its price target lowered by analysts at Morgan Stanley from $133.00 to $129.00. They now have an “overweight” rating on the stock.
• 1/16/2025 – Seagate Technology had its price target lowered by analysts at Wells Fargo & Company from $120.00 to $110.00. They now have an “equal weight” rating on the stock.
• 1/14/2025 – Seagate Technology was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 1/10/2025 – Seagate Technology had its price target lowered by analysts at Mizuho from $130.00 to $110.00. They now have an “outperform” rating on the stock.
• 1/10/2025 – Seagate Technology had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $112.00 to $99.00. They now have a “neutral” rating on the stock.

Seagate Technology Stock Down 4.4 %

Shares of NASDAQ:STX opened at $103.48 on Tuesday. The company has a market capitalization of $21.89 billion, a price-to-earnings ratio of 18.92 and a beta of 1.06. The company has a 50 day moving average of $95.00 and a two-hundred day moving average of $100.35. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.78%. The ex-dividend date is Wednesday, March 19th. Seagate Technology’s dividend payout ratio (DPR) is 52.65%.

Insiders Place Their Bets

In related news, SVP Kian Fatt Chong sold 9,182 shares of Seagate Technology stock in a transaction on Friday, November 8th. The shares were sold at an average price of $105.50, for a total value of $968,701.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $99.53, for a total transaction of $1,990,600.00. Following the transaction, the chief executive officer now owns 642,497 shares in the company, valued at $63,947,726.41. This trade represents a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,073 shares of company stock worth $5,106,149 in the last quarter. 0.81% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Seagate Technology

Institutional investors have recently modified their holdings of the stock. Ashton Thomas Securities LLC bought a new stake in Seagate Technology during the third quarter valued at $26,000. Quarry LP bought a new stake in shares of Seagate Technology during the 2nd quarter valued at about $27,000. Advisors Asset Management Inc. raised its stake in Seagate Technology by 177.9% during the third quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock worth $44,000 after acquiring an additional 258 shares during the period. JFS Wealth Advisors LLC lifted its holdings in Seagate Technology by 232.5% in the third quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock worth $46,000 after acquiring an additional 293 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in Seagate Technology in the third quarter valued at approximately $53,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

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.