Seagate Technology (NASDAQ:STX) Stock Rating Upgraded by BNP Paribas Exane

Seagate Technology (NASDAQ:STX) was upgraded by equities researchers at BNP Paribas Exane from a “neutral” rating to an “outperform” rating in a research report issued on Wednesday, Marketbeat reports. The brokerage currently has a $380.00 price objective on the data storage provider’s stock. BNP Paribas Exane’s target price points to a potential upside of 14.89% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the company. Wells Fargo & Company raised their price objective on Seagate Technology from $250.00 to $360.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Sanford C. Bernstein lifted their price target on Seagate Technology from $275.00 to $370.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Bank of America raised their price objective on shares of Seagate Technology from $320.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday. Benchmark boosted their target price on shares of Seagate Technology from $255.00 to $325.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Finally, Fox Advisors upped their price target on shares of Seagate Technology from $245.00 to $270.00 in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $342.13.

Seagate Technology Price Performance

STX stock opened at $330.74 on Wednesday. Seagate Technology has a 1 year low of $63.19 and a 1 year high of $336.17. The stock has a market cap of $70.63 billion, a price-to-earnings ratio of 42.29, a P/E/G ratio of 1.28 and a beta of 1.60. The company has a 50 day simple moving average of $284.51 and a 200 day simple moving average of $226.36.

Insider Transactions at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the completion of the transaction, the chief executive officer owned 429,895 shares in the company, valued at approximately $122,760,816.20. The trade was a 4.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ban Seng Teh sold 1,412 shares of the firm’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $299.31, for a total value 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 represents a 9.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 132,557 shares of company stock valued at $36,847,793. 0.79% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Buffalo Business & Estate Services Ltd. bought a new stake in Seagate Technology during the 4th quarter valued at about $279,000. SeaTown Holdings Pte. Ltd. bought a new stake in shares of Seagate Technology during the fourth quarter valued at approximately $8,950,000. Ascent Group LLC raised its holdings in Seagate Technology by 3.5% in the 4th quarter. Ascent Group LLC now owns 7,785 shares of the data storage provider’s stock worth $2,144,000 after acquiring an additional 262 shares during the last quarter. Savvy Advisors Inc. increased its holdings in shares of Seagate Technology by 3.4% in the 4th quarter. Savvy Advisors Inc. now owns 1,341 shares of the data storage provider’s stock worth $369,000 after purchasing an additional 44 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in Seagate Technology by 34.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 5,646 shares of the data storage provider’s stock worth $1,555,000 after buying an additional 1,440 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Seagate Technology News Summary

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

• Positive Sentiment: Bank of America reiterated its Buy rating and raised its price target to $400, citing stronger visibility into revenue and margin growth and expected robust Q2 results driven by data-center demand. Article Title
• Positive Sentiment: Citigroup raised its target from $320 to $385 and kept a Buy rating — a large lift that signals material upside (~18% vs. the cited $325.99 level). Article Title
• Positive Sentiment: Rosenblatt increased its target to $370 and maintained a Buy view, adding to the analyst momentum behind STX. Article Title
• Positive Sentiment: Sector analysis (MarketBeat) argues institutional flows are rotating from GPUs to storage as AI growth shifts the bottleneck to capacity — a structural tailwind for Seagate as a leading HDD supplier. (Sector piece; see MarketBeat coverage.)
• Neutral Sentiment: UBS raised its price target to $335 but kept a Neutral rating, implying limited near-term upside from that shop relative to the recent run. Article Title
• Negative Sentiment: Zacks Research downgraded Seagate from Strong-Buy to Hold, a contrarian signal that could temper momentum among some investors. Article Title TickerReport

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.