Seagate Technology Holdings PLC $STX Stock Holdings Lifted by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 7.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 411,131 shares of the data storage provider’s stock after acquiring an additional 28,626 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.19% of Seagate Technology worth $59,339,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vision Financial Markets LLC purchased a new position in Seagate Technology in the second quarter valued at about $173,000. Nordea Investment Management AB raised its stake in shares of 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 worth $2,632,000 after purchasing an additional 2,808 shares in the last quarter. Retirement Planning Co of New England Inc. acquired a new stake in shares of Seagate Technology during the 1st quarter valued at about $272,000. Allspring Global Investments Holdings LLC grew its stake 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 valued at $8,886,000 after buying an additional 10,847 shares in the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new position in Seagate Technology in the second quarter worth approximately $220,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Buying and Selling

In other Seagate Technology news, EVP Ban Seng Teh sold 6,000 shares of the stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $270.00, for a total transaction of $1,620,000.00. Following the sale, the executive vice president owned 12,041 shares of the company’s stock, valued at $3,251,070. This represents a 33.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kian Fatt Chong sold 7,078 shares of the firm’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $272.14, for a total transaction of $1,926,206.92. The SEC filing for this sale provides additional information. Insiders sold a total of 77,240 shares of company stock valued at $18,806,080 in the last 90 days. 0.79% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Evercore ISI lifted their target price on shares of Seagate Technology from $160.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Mizuho increased their target price on shares of Seagate Technology from $245.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Argus boosted their price target on Seagate Technology from $170.00 to $300.00 and gave the stock a “strong-buy” rating in a research report on Thursday, October 30th. Wedbush upped their price target on Seagate Technology from $260.00 to $290.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Finally, Loop Capital raised their price objective on Seagate Technology from $200.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.95.

Seagate Technology Stock Performance

NASDAQ:STX opened at $279.35 on Monday. The firm’s 50-day moving average is $224.04 and its 200-day moving average is $164.90. The company 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. Seagate Technology Holdings PLC has a 52-week low of $63.19 and a 52-week high of $284.42.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, October 28th. The data storage provider reported $2.61 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter last year, the company earned $1.58 earnings per share. The firm’s revenue was up 21.3% on a year-over-year basis. Seagate Technology has set its Q2 2026 guidance at 2.550-2.950 EPS. Equities analysts predict that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Increases Dividend

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

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.