Seagate Technology (NASDAQ:STX) Given New $775.00 Price Target at Susquehanna

Seagate Technology (NASDAQ:STX) had its target price lifted by Susquehanna from $615.00 to $775.00 in a report issued on Wednesday,Benzinga reports. They currently have a neutral rating on the data storage provider’s stock.

STX has been the subject of several other research reports. Melius Research assumed coverage on shares of Seagate Technology in a research report on Monday, June 29th. They issued a “buy” rating and a $1,600.00 price target for the company. Loop Capital upped their price objective on Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Wedbush increased their price objective on Seagate Technology from $700.00 to $825.00 and gave the stock an “outperform” rating in a research report on Monday, April 27th. Wall Street Zen upgraded Seagate Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a report on Wednesday, June 24th. Twenty-one investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $886.92.

Seagate Technology Stock Up 3.9%

STX opened at $860.02 on Wednesday. The stock has a market capitalization of $192.84 billion, a P/E ratio of 81.60 and a beta of 2.04. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33. Seagate Technology has a one year low of $138.30 and a one year high of $1,145.00. The business’s 50-day simple moving average is $869.04 and its 200-day simple moving average is $564.15.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. The company had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The firm’s revenue for the quarter was up 44.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.90 earnings per share. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Analysts anticipate that Seagate Technology will post 14.14 EPS for the current year.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, June 24th were paid a dividend of $0.74 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. Seagate Technology’s payout ratio is 28.08%.

Insider Transactions at Seagate Technology

In related news, CFO Gianluca Romano sold 903 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $880.19, for a total value of $794,811.57. Following the completion of the transaction, the chief financial officer directly owned 42,860 shares of the company’s stock, valued at $37,724,943.40. This trade represents a 2.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John Christopher Morris sold 1,364 shares of Seagate Technology stock in a transaction on Friday, June 12th. The stock was sold at an average price of $880.19, for a total value of $1,200,579.16. Following the transaction, the executive vice president directly owned 12,088 shares of the company’s stock, valued at $10,639,736.72. This trade represents a 10.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 151,069 shares of company stock worth $126,191,753. 0.79% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Seagate Technology

Several hedge funds have recently modified their holdings of STX. Rockland Trust Co. acquired a new position in shares of Seagate Technology in the second quarter valued at approximately $434,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Seagate Technology by 42.6% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the data storage provider’s stock valued at $188,000 after buying an additional 58 shares during the period. Beacon Investment Advisory Services Inc. raised its stake in Seagate Technology by 9.1% during the second quarter. Beacon Investment Advisory Services Inc. now owns 3,827 shares of the data storage provider’s stock worth $3,693,000 after purchasing an additional 320 shares during the period. Trust Point Inc. acquired a new position in Seagate Technology in the second quarter valued at $335,000. Finally, UNICOM Systems Inc. increased its position in Seagate Technology by 18.2% during the 2nd quarter. UNICOM Systems Inc. now owns 43,500 shares of the data storage provider’s stock worth $41,978,000 after purchasing an additional 6,700 shares in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology News Summary

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

• Positive Sentiment: New coverage and commentary from Melius Research and other market observers are adding to the bullish case for Seagate by framing it as a key beneficiary of AI storage demand. Melius Research Starts Coverage of Seagate Technology Holdings plc (STX)
• Positive Sentiment: Several momentum and screen-based articles named STX as a top July momentum stock, citing strong one-year gains, earnings beats, and growth expectations. Zacks.com featured highlights include Micron Technology, Seagate and TD SYNNEX
• Positive Sentiment: Analysts and commentators continue to argue that Seagate’s massive run may not be over, pointing to ongoing strength in the hyperscaler storage cycle and AI infrastructure spending. Seagate’s 485% Run Isn’t Over and Our Target Proves It
• Neutral Sentiment: Susquehanna raised its price target on Seagate from $615 to $775 while keeping a neutral rating, signaling higher fair value expectations but also some caution after the stock’s sharp rally. Benzinga report on Susquehanna price target increase
• Neutral Sentiment: Additional coverage says Seagate may beat estimates again next quarter, helped by a strong earnings-surprise record and favorable demand trends, which supports investor confidence ahead of results. Will Seagate (STX) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: One valuation-focused piece noted that STX trades at a premium after its huge multi-year run, suggesting investors are balancing strong fundamentals against a richer price tag. Seagate (STX) Stock Trades At A Premium As Its 14x Run Tests Fair Value

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.