MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stock Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 10.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 114,772 shares of the data storage provider’s stock after buying an additional 10,554 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.05% of Seagate Technology worth $9,906,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Berkshire Bank raised its holdings in shares of Seagate Technology by 2.6% during the 4th quarter. Berkshire Bank now owns 4,118 shares of the data storage provider’s stock valued at $355,000 after buying an additional 103 shares during the period. MWA Asset Management raised its holdings in shares of Seagate Technology by 0.5% during the 4th quarter. MWA Asset Management now owns 19,636 shares of the data storage provider’s stock valued at $1,695,000 after buying an additional 104 shares during the period. Johnson Financial Group Inc. raised its holdings in shares of Seagate Technology by 22.7% during the 4th quarter. Johnson Financial Group Inc. now owns 606 shares of the data storage provider’s stock valued at $52,000 after buying an additional 112 shares during the period. JFS Wealth Advisors LLC raised its holdings in shares of Seagate Technology by 27.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock valued at $46,000 after buying an additional 113 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of Seagate Technology by 2.3% during the 4th quarter. Signaturefd LLC now owns 4,988 shares of the data storage provider’s stock valued at $431,000 after buying an additional 113 shares during the period. 92.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following the completion of the transaction, the chief executive officer now owns 555,677 shares in the company, valued at $46,988,047.12. The trade was a 3.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

STX has been the topic of several analyst reports. Summit Insights upgraded Seagate Technology from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Susquehanna lifted their price objective on Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a report on Wednesday, January 22nd. Cantor Fitzgerald restated a “neutral” rating and set a $120.00 price objective on shares of Seagate Technology in a report on Wednesday, January 22nd. Morgan Stanley dropped their price objective on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, Northland Securities restated an “outperform” rating and set a $160.00 price objective (up from $144.00) on shares of Seagate Technology in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $114.11.

Seagate Technology Trading Up 0.3%

Shares of STX opened at $107.79 on Friday. The firm has a market cap of $22.87 billion, a price-to-earnings ratio of 19.71 and a beta of 1.32. The stock has a 50 day moving average of $84.56 and a 200-day moving average of $92.45. Seagate Technology Holdings plc has a 52 week low of $63.19 and a 52 week high of $115.32.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, April 29th. The data storage provider reported $1.90 EPS for the quarter, topping the consensus estimate of $1.75 by $0.15. Seagate Technology had a negative return on equity of 63.48% and a net margin of 14.67%. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the firm earned $0.33 EPS. The business’s revenue was up 30.5% on a year-over-year basis. On average, sell-side analysts predict that Seagate Technology Holdings plc will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Wednesday, June 25th will be given a dividend of $0.72 per share. The ex-dividend date is Wednesday, June 25th. This represents a $2.88 dividend on an annualized basis and a yield of 2.67%. Seagate Technology’s dividend payout ratio is currently 41.62%.

Seagate Technology Profile

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives.