Mitsubishi UFJ Asset Management Co. Ltd. Grows Stake in Seagate Technology Holdings PLC $STX

Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 4.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 430,905 shares of the data storage provider’s stock after acquiring an additional 19,774 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.20% of Seagate Technology worth $101,719,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rakuten Securities Inc. raised its holdings in Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 168 shares in the last quarter. MTM Investment Management LLC purchased a new stake in Seagate Technology in the second quarter valued at $29,000. First Horizon Corp acquired a new position in Seagate Technology in the third quarter valued at $33,000. Raiffeisen Bank International AG purchased a new position in shares of Seagate Technology during the third quarter worth about $33,000. Finally, Physician Wealth Advisors Inc. increased its position in shares of Seagate Technology by 43.7% during the third quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock worth $35,000 after purchasing an additional 45 shares in the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology Stock Down 0.4%

STX stock opened at $407.84 on Friday. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.12 and a quick ratio of 0.72. The company’s 50 day simple moving average is $359.99 and its 200-day simple moving average is $275.46. Seagate Technology Holdings PLC has a 12 month low of $63.19 and a 12 month high of $459.84. The firm has a market capitalization of $88.94 billion, a PE ratio of 46.14, a P/E/G ratio of 0.92 and a beta of 1.62.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.34. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The company had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter last year, the business posted $2.03 earnings per share. Seagate Technology’s revenue was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities analysts expect that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be given a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, March 25th. 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 stock in a transaction on Friday, January 30th. The stock was sold at an average price of $448.02, for a total transaction of $414,418.50. Following the transaction, the director owned 223 shares of the company’s stock, valued at $99,908.46. This represents a 80.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $285.56, for a total value of $5,711,200.00. Following the sale, the chief executive officer owned 429,895 shares in the company, valued at $122,760,816.20. This trade represents a 4.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 89,801 shares of company stock valued at $32,360,491. 0.79% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on STX shares. Bank of America raised their price target on Seagate Technology from $320.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Barclays increased their price objective on Seagate Technology from $370.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 28th. Benchmark boosted their target price on shares of Seagate Technology from $255.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Wells Fargo & Company increased their price target on shares of Seagate Technology from $360.00 to $450.00 and gave the company an “equal weight” rating in a report on Wednesday, January 28th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Seagate Technology in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Seagate Technology presently has an average rating of “Moderate Buy” and an average target price of $447.35.

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.