Mirae Asset Global Investments Co. Ltd. Has $28.95 Million Stake in Seagate Technology Holdings PLC $STX

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 269.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 105,131 shares of the data storage provider’s stock after acquiring an additional 76,695 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Seagate Technology were worth $28,952,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its stake 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 valued at $610,000 after purchasing an additional 4,499 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Seagate Technology during the second quarter worth about $262,000. Cerity Partners LLC increased its stake in shares of Seagate Technology by 25.8% in the second quarter. Cerity Partners LLC now owns 36,682 shares of the data storage provider’s stock valued at $5,294,000 after buying an additional 7,517 shares during the period. Sei Investments Co. increased its stake in shares of Seagate Technology by 64.8% in the second quarter. Sei Investments Co. now owns 8,543 shares of the data storage provider’s stock valued at $1,233,000 after buying an additional 3,358 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in Seagate Technology by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 127,887 shares of the data storage provider’s stock valued at $18,458,000 after buying an additional 462 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. KeyCorp set a $500.00 target price on shares of Seagate Technology in a report on Wednesday, January 28th. Barclays raised their price target on shares of Seagate Technology from $370.00 to $425.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a report on Friday, March 27th. Robert W. Baird boosted their price objective on shares of Seagate Technology from $270.00 to $505.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Finally, Mizuho increased their price objective on Seagate Technology from $475.00 to $565.00 and gave the company an “outperform” rating in a report on Friday, April 10th. Nineteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $494.13.

Seagate Technology Stock Up 3.0%

Shares of NASDAQ STX opened at $547.75 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 has a 50-day moving average price of $422.54 and a 200-day moving average price of $333.73. The stock has a market capitalization of $119.45 billion, a P/E ratio of 61.96, a P/E/G ratio of 1.15 and a beta of 1.61. Seagate Technology Holdings PLC has a 1 year low of $72.62 and a 1 year high of $553.57.

Seagate Technology (NASDAQ:STX) last posted 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 company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the business posted $2.03 EPS. The firm’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. On average, equities research analysts forecast that Seagate Technology Holdings PLC will post 6.83 EPS for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th were paid a $0.74 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $2.96 annualized dividend and a dividend yield of 0.5%. Seagate Technology’s dividend payout ratio is 33.48%.

Insider Buying and Selling

In related news, EVP Ban Seng Teh sold 20,195 shares of the stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $442.29, for a total value of $8,932,046.55. Following the completion of the sale, the executive vice president directly owned 3,092 shares of the company’s stock, valued at approximately $1,367,560.68. This represents a 86.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William D. Mosley sold 24,584 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $406.77, for a total value of $10,000,033.68. Following the transaction, the chief executive officer owned 375,591 shares in the company, valued at approximately $152,779,151.07. This trade represents a 6.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 112,223 shares of company stock valued at $46,711,217. 0.79% of the stock is currently owned by company insiders.

Seagate Technology 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.