<div id="readability-page-1"><p><span>Seagate Technology (NASDAQ:STX - Get Free Report)</span> had its price objective lifted by stock analysts at Benchmark  from $255.00 to $325.00 in a report issued on Tuesday,MarketScreener reports. The firm presently has a &#34;buy&#34; rating on the data storage provider's stock. Benchmark's target price suggests a potential upside of 11.52% from the company's previous close.</p><div><p><span></span><span>Get <strong>Seagate Technology</strong> alerts:</span></p></div><ul><li>Western Digital’s Nasdaq-100 Entry Caps Its AI-Driven Comeback</li></ul><p>A number of other research analysts have also recently weighed in on STX. BNP Paribas Exane reduced their target price on Seagate Technology from $240.00 to $230.00 and set a &#34;neutral&#34; rating on the stock in a report on Wednesday, October 29th. Morgan Stanley increased their price objective on shares of Seagate Technology from $265.00 to $270.00 and gave the stock an &#34;overweight&#34; rating in a research report on Wednesday, October 29th. Susquehanna lifted their target price on shares of Seagate Technology from $80.00 to $150.00 and gave the company a &#34;negative&#34; rating in a report on Wednesday, October 29th. Zacks Research raised shares of Seagate Technology from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research report on Thursday, October 2nd. Finally, Mizuho boosted their price target on Seagate Technology from $245.00 to $280.00 and gave the stock an &#34;outperform&#34; rating in a research report on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned  a Buy rating, five have given a Hold rating and one  has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of &#34;Moderate Buy&#34; and an average price target of $290.22.</p><p><b>Read Our Latest Stock Report on Seagate Technology</b></p><h2>Seagate Technology Stock Up 2.0%</h2><ul><li>Seagate Stock Could Soar as AI Drives Storage Demand</li></ul><p>NASDAQ:STX opened at $291.42 on Tuesday. The company has a market cap of $62.24 billion, a P/E ratio of 37.55, a P/E/G ratio of 1.13 and a beta of 1.59. The firm's 50 day moving average is $254.95 and its two-hundred day moving average is $196.24. Seagate Technology has a fifty-two week low of $63.19 and a fifty-two week high of $308.93. </p><h2>Insider Transactions at Seagate Technology</h2><p>In related news, Director Stephanie Tilenius sold 2,046 shares of the company's stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $266.41, for a total transaction of $545,074.86. Following the sale, the director directly owned 12,244 shares of the company's stock, valued at approximately $3,261,924.04. This represents a 14.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction on Monday, December 1st. The stock was sold at an average price of $271.03, for a total transaction of $5,420,600.00. Following the completion of the transaction, the chief executive officer directly owned 445,668 shares of the company's stock, valued at approximately $120,789,398.04. This represents a 4.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 132,555 shares of company stock valued at $36,030,007 over the last 90 days. Corporate insiders own  0.79% of the company's stock. </p><h2>Institutional Investors Weigh In On Seagate Technology</h2><ul><li>3 Stocks Showing Relative Strength as Markets Pull Back</li></ul><p>Large investors have recently made changes to their positions in the company. Harbor Asset Planning Inc. bought a new position in shares of  Seagate Technology in the second quarter valued at approximately $27,000.  Rakuten Securities Inc. grew its holdings in shares of  Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider's stock worth $27,000 after acquiring an additional 168 shares during the last quarter.  MTM Investment Management LLC acquired a new stake in shares of  Seagate Technology during the second quarter worth $29,000.  First Horizon Corp acquired a new stake in shares of  Seagate Technology during the third quarter worth $33,000.  Finally, Raiffeisen Bank International AG acquired a new position in shares of  Seagate Technology in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own  92.87% of the company's stock. </p><h2>About Seagate Technology</h2> (Get Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Seagate Technology</li><li>Energy and Oil Stocks Explained</li><li>3 Healthcare Giants Just Raised Dividends—Here’s Who Pays the Most</li><li>Ride Out The Recession With These Dividend Kings </li><li>Unassuming Evergy Energy: The AI Boost Your Income Portfolio Needs</li><li>How to invest in marijuana stocks in 7 steps </li><li>Pfizer Adds to Its Big Bet on Weight Loss Drugs</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U1RY?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U1RY"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Seagate Technology Right Now?</h2><p>Before you consider Seagate Technology, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Seagate Technology wasn't on the list.</p><p>While Seagate Technology currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Benchmark raised Seagate Technology's (NASDAQ:STX) price target from $255.00 to $325.00 and maintained a "buy" rating. This suggests an 11.52% potential upside. Other analysts have mixed ratings, with some increasing and others decreasing their targets. Seagate's stock is currently rated as a "Moderate Buy" with an average price target of $290.22. Recent insider transactions include significant stock sales by the CEO and a director. Institutional investors hold 92.87% of the company's stock.</p>

Benchmark Raises Seagate Technology (NASDAQ:STX) Price Target to $325.00