Seagate Technology (NASDAQ:STX) Given New $700.00 Price Target at Mizuho

Seagate Technology (NASDAQ:STX) had its price target hoisted by Mizuho from $565.00 to $700.00 in a research report released on Wednesday,MarketScreener reports. Mizuho currently has an outperform rating on the data storage provider’s stock.

STX has been the topic of a number of other research reports. Cantor Fitzgerald raised their price objective on shares of Seagate Technology from $500.00 to $650.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Zacks Research cut shares of Seagate Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Wells Fargo & Company lifted their target price on shares of Seagate Technology from $450.00 to $700.00 and gave the company an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Seagate Technology from $525.00 to $600.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Finally, TD Cowen lifted their target price on shares of Seagate Technology from $500.00 to $850.00 and gave the company a “buy” rating in a report on Wednesday. Twenty research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $680.79.

Seagate Technology Stock Up 11.1%

STX stock opened at $643.30 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 7.63. Seagate Technology has a twelve month low of $85.47 and a twelve month high of $697.00. The company’s 50 day moving average is $448.93 and its two-hundred day moving average is $353.84. The stock has a market cap of $140.29 billion, a P/E ratio of 72.77, a PEG ratio of 0.99 and a beta of 1.61.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.47 by $0.63. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The company had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the company earned $1.90 earnings per share. The firm’s revenue for the quarter was up 44.1% on a year-over-year basis. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Research analysts expect that Seagate Technology will post 12.13 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s payout ratio is currently 33.48%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, Director Jay L. Geldmacher sold 925 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $448.02, for a total value of $414,418.50. Following the transaction, the director directly owned 223 shares of the company’s stock, valued at approximately $99,908.46. The trade was a 80.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kian Fatt Chong sold 5,846 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $416.48, for a total transaction of $2,434,742.08. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 91,355 shares of company stock valued at $37,544,394. 0.79% of the stock is owned by company insiders.

Institutional Investors Weigh In On Seagate Technology

Several institutional investors have recently made changes to their positions in STX. WCM Investment Management LLC purchased a new stake in shares of Seagate Technology during the 3rd quarter worth $1,187,621,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Seagate Technology by 1,072.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,949,512 shares of the data storage provider’s stock worth $696,262,000 after purchasing an additional 2,697,957 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Seagate Technology by 1,510.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,008,516 shares of the data storage provider’s stock worth $553,125,000 after purchasing an additional 1,883,769 shares in the last quarter. Norges Bank purchased a new stake in shares of Seagate Technology during the 4th quarter worth $498,363,000. Finally, Soroban Capital Partners LP boosted its position in shares of Seagate Technology by 1,468.1% during the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock worth $204,602,000 after purchasing an additional 1,327,197 shares in the last quarter. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Seagate Technology

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

• Positive Sentiment: Q3 beat and strong guidance — Seagate reported $4.10 EPS and $3.11B revenue (both above consensus), generated roughly $1B in free cash flow, and guided Q4 EPS to $4.80–$5.20 and revenue to $3.4–$3.6B, well above Street estimates. This is the primary catalyst for the stock’s move higher. Seagate Q3 Press Release
• Positive Sentiment: AI-driven demand and pricing strength — Multiple reports and analyst commentary point to sustained enterprise spending on AI infrastructure that favors Seagate’s mass‑capacity nearline HDDs and strengthens pricing/margins, supporting a re‑rating of the stock. Reuters: Storage stocks jump
• Positive Sentiment: Wall Street lifts targets — A wave of price-target increases (including Rosenblatt to $1,000, JPMorgan to $775, Barclays to $750 and others) boosted sentiment and provided fresh buying interest, reinforcing the upside narrative. Rosenblatt $1,000 target
• Neutral Sentiment: Dividend declared — Seagate announced a quarterly dividend of $0.74/share (record June 24, payable July 7); modest yield and mostly signals capital return discipline rather than a major catalyst.
• Neutral Sentiment: Sector momentum context — Broad coverage notes the memory/storage group is rallying on AI optimism, which helps Seagate but also raises expectations for peers (reads: Investopedia and sector pieces). Investopedia: Memory stocks rally
• Negative Sentiment: Some caution remains — A few firms maintained neutral ratings or set targets below the intraday price (e.g., UBS, Susquehanna), highlighting valuation and execution risk if AI spending softens. Benzinga: analyst notes

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.