Mizuho Issues Positive Forecast for Seagate Technology (NASDAQ:STX) Stock Price

Seagate Technology (NASDAQ:STX) had its target price boosted by Mizuho from $440.00 to $475.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the data storage provider’s stock.

Other equities analysts have also recently issued reports about the company. UBS Group raised their target price on Seagate Technology from $385.00 to $440.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Robert W. Baird upped their price target on Seagate Technology from $270.00 to $505.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. KeyCorp set a $500.00 price objective on Seagate Technology in a research note on Wednesday, January 28th. Loop Capital lifted their price objective on Seagate Technology from $465.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Finally, Evercore increased their target price on shares of Seagate Technology from $330.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Eighteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and an average target price of $447.35.

Seagate Technology Stock Performance

STX opened at $415.94 on Tuesday. The company’s 50 day moving average is $340.93 and its 200 day moving average is $262.56. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. The company has a market cap of $90.70 billion, a price-to-earnings ratio of 47.05, a PEG ratio of 0.95 and a beta of 1.62. Seagate Technology has a 12-month low of $63.19 and a 12-month high of $459.84.

Seagate Technology (NASDAQ:STX) last announced its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. The business had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm’s revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. On average, equities research analysts predict that Seagate Technology will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be paid a $0.74 dividend. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 annualized dividend and a yield of 0.7%. Seagate Technology’s payout ratio is presently 33.48%.

Insider Buying and Selling at Seagate Technology

In other news, EVP James Ci Lee sold 673 shares of the firm’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $348.85, for a total transaction of $234,776.05. Following the completion of the transaction, the executive vice president owned 257 shares in the company, valued at $89,654.45. This trade represents a 72.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jay L. Geldmacher sold 925 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $448.02, for a total value of $414,418.50. Following the sale, the director directly owned 223 shares in the company, valued at $99,908.46. This trade represents a 80.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 83,955 shares of company stock worth $29,925,749. Insiders own 0.79% of the company’s stock.

Institutional Trading of Seagate Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Salomon & Ludwin LLC grew its stake in Seagate Technology by 124.4% in the 4th quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 51 shares in the last quarter. Rakuten Securities Inc. raised its stake in shares of Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 168 shares in the last quarter. Armstrong Advisory Group Inc. purchased a new stake in shares of Seagate Technology in the fourth quarter valued at approximately $28,000. Avion Wealth grew its stake in Seagate Technology by 343.5% in the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 79 shares in the last quarter. Finally, Concord Wealth Partners purchased a new position in Seagate Technology during the 4th quarter worth $28,000. 92.87% of the stock is owned by hedge funds and other institutional investors.

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.