Resona Asset Management Co. Ltd. Invests $9.65 Million in Seagate Technology Holdings PLC $STX

Resona Asset Management Co. Ltd. bought a new stake in Seagate Technology Holdings PLC (NASDAQ:STX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 66,856 shares of the data storage provider’s stock, valued at approximately $9,649,000.

A number of other large investors have also added to or reduced their stakes in STX. Vision Financial Markets LLC bought a new position in shares of Seagate Technology during the second quarter valued at about $173,000. Nordea Investment Management AB increased its holdings in Seagate Technology by 18.0% during the 2nd quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider’s stock valued at $2,632,000 after purchasing an additional 2,808 shares during the period. Retirement Planning Co of New England Inc. bought a new position in Seagate Technology during the 1st quarter valued at approximately $272,000. Allspring Global Investments Holdings LLC grew its position in shares of Seagate Technology by 21.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 61,263 shares of the data storage provider’s stock worth $8,886,000 after buying an additional 10,847 shares during the last quarter. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of Seagate Technology in the 2nd quarter worth approximately $220,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology Price Performance

Shares of Seagate Technology stock opened at $279.35 on Friday. Seagate Technology Holdings PLC has a 1 year low of $63.19 and a 1 year high of $284.42. The firm has a market cap of $59.66 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 1.17 and a beta of 1.63. The company has a 50-day moving average of $224.04 and a 200 day moving average of $164.30.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.21. Seagate Technology had a net margin of 17.92% and a negative return on equity of 297.87%. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the prior year, the company earned $1.58 earnings per share. The business’s revenue was up 21.3% compared to the same quarter last year. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. On average, equities analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th will be paid a dividend of $0.74 per share. The ex-dividend date is Wednesday, December 24th. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 dividend on an annualized basis and a yield of 1.1%. Seagate Technology’s dividend payout ratio (DPR) is presently 38.00%.

Analyst Ratings Changes

STX has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their target price on Seagate Technology from $240.00 to $250.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Sanford C. Bernstein raised their target price on shares of Seagate Technology from $275.00 to $370.00 and gave the stock an “outperform” rating in a research report on Thursday. Cantor Fitzgerald lifted their target price on shares of Seagate Technology from $280.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday. Argus increased their price target on shares of Seagate Technology from $170.00 to $300.00 and gave the stock a “strong-buy” rating in a research note on Thursday, October 30th. Finally, Fox Advisors raised their price objective on shares of Seagate Technology from $245.00 to $270.00 in a report on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $272.95.

Insiders Place Their Bets

In related news, Director Stephanie Tilenius sold 2,046 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $266.41, for a total value of $545,074.86. Following the transaction, the director owned 12,244 shares in the company, valued at $3,261,924.04. The trade was a 14.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $262.82, for a total transaction of $5,256,400.00. Following the sale, the chief executive officer directly owned 465,668 shares in the company, valued at $122,386,863.76. This trade represents a 4.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 78,964 shares of company stock valued at $19,067,455. Company insiders own 0.79% of the company’s stock.

Seagate Technology Company 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.