Seagate Technology (NASDAQ:STX) Given New $400.00 Price Target at Mizuho

Seagate Technology (NASDAQ:STX) had its price target lifted by Mizuho from $370.00 to $400.00 in a report published on Tuesday,Benzinga reports. Mizuho currently has an outperform rating on the data storage provider’s stock.

Several other research firms also recently commented on STX. Evercore ISI lifted their target price on shares of Seagate Technology from $160.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, October 13th. Loop Capital raised their target price on Seagate Technology from $350.00 to $465.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Susquehanna upgraded shares of Seagate Technology from a “negative” rating to a “neutral” rating and raised their price target for the stock from $150.00 to $280.00 in a report on Friday, January 16th. Fox Advisors increased their price target on Seagate Technology from $245.00 to $270.00 in a report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $357.45.

Seagate Technology Price Performance

Shares of NASDAQ:STX opened at $371.76 on Tuesday. The company’s 50 day simple moving average is $293.46 and its 200 day simple moving average is $233.69. The stock has a market capitalization of $79.39 billion, a price-to-earnings ratio of 47.72, a price-to-earnings-growth ratio of 1.06 and a beta of 1.60. Seagate Technology has a 1 year low of $63.19 and a 1 year high of $383.88.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. Seagate Technology had a negative return on equity of 297.87% and a net margin of 17.92%.The company had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the previous year, the firm earned $2.03 EPS. Seagate Technology’s revenue was up 21.5% on a year-over-year basis. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, analysts anticipate that Seagate Technology will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s dividend payout ratio is presently 38.00%.

Insider Activity

In other news, Director Yolanda Lee Conyers sold 750 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $272.91, for a total value of $204,682.50. Following the completion of the transaction, the director directly owned 5,601 shares of the company’s stock, valued at $1,528,568.91. This trade represents a 11.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ban Seng Teh sold 1,412 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 13,693 shares of the company’s stock, valued at approximately $4,098,451.83. This represents a 9.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 132,557 shares of company stock valued at $36,847,793. 0.79% of the stock is currently owned by corporate insiders.

Institutional Trading of Seagate Technology

Several institutional investors and hedge funds have recently modified their holdings of the business. Evergreen Capital Management LLC increased its position in shares of Seagate Technology by 4.4% in the fourth quarter. Evergreen Capital Management LLC now owns 5,329 shares of the data storage provider’s stock worth $1,471,000 after purchasing an additional 223 shares during the last quarter. Benchmark Financial Wealth Advisors LLC purchased a new stake in shares of Seagate Technology during the fourth quarter valued at approximately $219,000. Busey Bank boosted its position in Seagate Technology by 6.2% during the 4th quarter. Busey Bank now owns 1,684 shares of the data storage provider’s stock valued at $464,000 after buying an additional 98 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Seagate Technology by 1.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,229 shares of the data storage provider’s stock worth $15,485,000 after purchasing an additional 911 shares during the period. Finally, Krilogy Financial LLC purchased a new stake in Seagate Technology in the 4th quarter worth approximately $367,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Key Headlines Impacting Seagate Technology

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

• Positive Sentiment: Q2 beat and strong guidance — Seagate reported $3.11 EPS vs. consensus ~ $2.77 and $2.83B revenue vs. ~$2.73B, and forecast Q3 revenue/profit above street estimates on robust AI-driven storage demand. Seagate Technology Reports Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: Bull commentary on tight supply — High-profile bullish coverage, including Jim Cramer, highlighted unmet/insatiable demand for Seagate’s products tied to the AI buildout, supporting expectations for continued order strength. Seagate (STX) is Facing a Shortage That Can’t Be Met, Says Jim Cramer
• Positive Sentiment: Analyst upgrades/price-target increases — Broker coverage has moved higher (examples include Mizuho raising its target and other outlets reporting raised targets to the $370–$400 area), reinforcing upside sentiment. Seagate Technology (NASDAQ:STX) Price Target Raised to $380.00
• Neutral Sentiment: Company presentation and investor materials available — Seagate posted the press release, slide deck and conference-call materials detailing margin improvements and record non-GAAP EPS, useful for modeling forward margins and cash flow. Seagate Q2 earnings materials and transcript
• Negative Sentiment: Market digestion / “cooling off” noted — Some coverage points out the stock briefly cooled or was volatile after the print, suggesting some profit-taking even with strong fundamentals. Seagate Technology cools off despite strong Q2 results, guidance
• Negative Sentiment: Technical/valuation risk after parabolic run — Analysts and chart watchers warn STX has run up rapidly and hit resistance levels, raising the risk of a pullback despite bullish demand trends. Seagate Technology stock hits key resistance ahead of its earnings

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.