Seagate Technology (NASDAQ:STX) Stock Price Expected to Rise, Mizuho Analyst Says

Seagate Technology (NASDAQ:STX) had its price objective raised by investment analysts at Mizuho from $440.00 to $475.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the data storage provider’s stock. Mizuho’s price target indicates a potential upside of 11.99% from the stock’s current price.

STX has been the subject of a number of other reports. Barclays upped their price target on Seagate Technology from $370.00 to $425.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. BNP Paribas Exane increased their price target on shares of Seagate Technology from $430.00 to $530.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Cantor Fitzgerald raised their price target on shares of Seagate Technology from $500.00 to $650.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Rosenblatt Securities upped their price objective on shares of Seagate Technology from $370.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Seagate Technology in a research report on Wednesday, February 4th. Eighteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and an average price target of $447.35.

Seagate Technology Stock Performance

NASDAQ:STX opened at $424.14 on Tuesday. The firm has a market capitalization of $92.49 billion, a PE ratio of 47.98, a PEG ratio of 0.93 and a beta of 1.62. Seagate Technology has a 1 year low of $63.19 and a 1 year high of $459.84. 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 firm’s fifty day simple moving average is $343.44 and its 200 day simple moving average is $263.69.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the business earned $2.03 EPS. The business’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. On average, sell-side analysts anticipate that Seagate Technology will post 6.83 EPS for the current year.

Insiders Place Their Bets

In other Seagate Technology news, EVP Ban Seng Teh sold 20,195 shares of Seagate Technology stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $442.29, for a total transaction of $8,932,046.55. Following the completion of the transaction, the executive vice president directly owned 3,092 shares of the company’s stock, valued at approximately $1,367,560.68. This trade represents a 86.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Yolanda Lee Conyers sold 750 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $272.91, for a total transaction of $204,682.50. Following the sale, the director owned 5,601 shares of the company’s stock, valued at $1,528,568.91. This trade represents a 11.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 83,955 shares of company stock worth $29,925,749 over the last quarter. Corporate insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Seagate Technology

Institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC grew its holdings in shares of Seagate Technology by 168.0% during the first quarter. Integrated Wealth Concepts LLC now owns 7,177 shares of the data storage provider’s stock worth $610,000 after purchasing an additional 4,499 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Seagate Technology during the 2nd quarter worth about $262,000. CWM LLC grew its holdings in Seagate Technology by 153.6% during the 2nd quarter. CWM LLC now owns 9,360 shares of the data storage provider’s stock worth $1,351,000 after acquiring an additional 5,669 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Seagate Technology in the 2nd quarter valued at about $271,000. Finally, Nordea Investment Management AB raised its stake in shares of Seagate Technology by 18.0% in the second quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider’s stock worth $2,632,000 after acquiring an additional 2,808 shares during the last quarter. Institutional investors own 92.87% of the company’s stock.

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.