Seagate Technology (NASDAQ:STX) Raised to Neutral at Susquehanna

Seagate Technology (NASDAQ:STX) was upgraded by Susquehanna from a “negative” rating to a “neutral” rating in a research note issued to investors on Friday, MarketBeat.com reports. The brokerage presently has a $280.00 target price on the data storage provider’s stock, up from their previous target price of $150.00. Susquehanna’s price objective indicates a potential downside of 14.17% from the company’s current price.

A number of other equities analysts have also commented on STX. Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 2nd. Citigroup upped their price target on Seagate Technology from $275.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Sanford C. Bernstein boosted their price target on shares of Seagate Technology from $275.00 to $370.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Cantor Fitzgerald lifted their target price on Seagate Technology from $280.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Finally, Evercore ISI increased their price objective on shares of Seagate Technology from $160.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Seagate Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.39.

Seagate Technology Trading Up 1.8%

Seagate Technology stock opened at $326.23 on Friday. The stock has a 50-day moving average price of $283.10 and a two-hundred day moving average price of $223.37. The company has a market capitalization of $69.67 billion, a PE ratio of 41.88, a P/E/G ratio of 1.28 and a beta of 1.60. Seagate Technology has a 12 month low of $63.19 and a 12 month high of $335.02.

Insider Buying and Selling at Seagate Technology

In related news, CFO Gianluca Romano sold 54,021 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $285.16, for a total transaction of $15,404,628.36. Following the transaction, the chief financial officer directly owned 56,293 shares of the company’s stock, valued at approximately $16,052,511.88. This trade represents a 48.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ban Seng Teh sold 1,412 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $299.31, for a total transaction of $422,625.72. Following the completion of the sale, the executive vice president directly owned 13,693 shares of the company’s stock, valued at $4,098,451.83. This trade represents a 9.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 132,557 shares of company stock valued at $36,847,793 over the last quarter. Company insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of STX. Sovereign Financial Group Inc. grew its holdings in Seagate Technology by 3.2% in the 4th quarter. Sovereign Financial Group Inc. now owns 1,063 shares of the data storage provider’s stock worth $293,000 after acquiring an additional 33 shares during the last quarter. Pallas Capital Advisors LLC raised its position in shares of Seagate Technology by 0.6% in the 4th quarter. Pallas Capital Advisors LLC now owns 5,446 shares of the data storage provider’s stock worth $1,500,000 after acquiring an additional 33 shares in the last quarter. West Family Investments Inc. lifted its stake in shares of Seagate Technology by 2.7% in the 3rd quarter. West Family Investments Inc. now owns 1,428 shares of the data storage provider’s stock valued at $337,000 after purchasing an additional 37 shares during the period. Capital Investment Advisors LLC boosted its holdings in shares of Seagate Technology by 1.9% during the 4th quarter. Capital Investment Advisors LLC now owns 1,950 shares of the data storage provider’s stock valued at $537,000 after buying an additional 37 shares in the last quarter. Finally, United Community Bank grew its holdings in Seagate Technology by 35.2% in the third quarter. United Community Bank now owns 169 shares of the data storage provider’s stock worth $40,000 after purchasing an additional 44 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Key Stories Impacting Seagate Technology

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

• Positive Sentiment: China Renaissance raised its price target to $452 and maintained a “buy” rating — a large upside (~41% from recent levels) that supports further upside expectations for STX. China Renaissance raises PT to $452
• Positive Sentiment: Barclays bumped its target to $370 and kept an “equal weight” rating — another notable upgrade that adds institutional validation to the stock’s rally. Barclays raises PT to $370
• Positive Sentiment: Wells Fargo raised its target to $360 (still “equal weight”), signaling broader analyst re‑rating of Seagate amid stronger end‑market demand expectations. Wells Fargo raises PT to $360
• Positive Sentiment: Media coverage and analyst commentary point to an AI‑driven memory/mass‑storage rally benefiting STX and peers — Susquehanna and others highlighted the sector strength on a recent segment. STX & WDC Gain Analyst Support Amid Surging Memory Chip Rally
• Neutral Sentiment: A Zacks piece lists Seagate among technology solutions beneficiaries (multi‑cloud and integrated systems demand) — supportive context but not company‑specific new data. 4 Stocks to Watch From a Prospering Technology Solutions Industry
• Neutral Sentiment: Susquehanna formally moved Seagate from “negative” to “neutral” with a $280 target — an upgrade in tone but a target below current market levels, creating a mixed signal for investors. Susquehanna moves STX to neutral, PT $280
• Negative Sentiment: Insider activity: EVP Ban Seng Teh sold 1,412 shares (~$299 avg), trimming his stake. Insider sales can weigh on sentiment even if not large relative to holdings. SEC Form 4: Ban Seng Teh sale

Seagate Technology Company Profile

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.