Mirae Asset Global Investments Co. Ltd. Grows Stock Position in Seagate Technology Holdings PLC $STX

Mirae Asset Global Investments Co. Ltd. lifted its stake in Seagate Technology Holdings PLC (NASDAQ:STX - Free Report) by 6.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,298 shares of the data storage provider's stock after buying an additional 1,475 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Seagate Technology were worth $3,651,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of STX. Wayfinding Financial LLC purchased a new position in shares of Seagate Technology in the first quarter worth about $31,000. Golden State Wealth Management LLC increased its holdings in Seagate Technology by 2,200.0% during the 1st quarter. Golden State Wealth Management LLC now owns 460 shares of the data storage provider's stock valued at $39,000 after purchasing an additional 440 shares during the period. Zions Bancorporation National Association UT purchased a new position in Seagate Technology during the 1st quarter valued at about $42,000. Costello Asset Management INC purchased a new position in Seagate Technology during the 1st quarter valued at about $47,000. Finally, Brooklyn Investment Group increased its holdings in Seagate Technology by 41.5% during the 1st quarter. Brooklyn Investment Group now owns 702 shares of the data storage provider's stock valued at $60,000 after purchasing an additional 206 shares during the period. Hedge funds and other institutional investors own 92.87% of the company's stock.

Insider Activity at Seagate Technology

In related news, Director Jay L. Geldmacher sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $150.50, for a total transaction of $376,250.00. Following the completion of the transaction, the director owned 352 shares of the company's stock, valued at $52,976. This trade represents a 87.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William D. Mosley sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $249.90, for a total value of $4,998,000.00. Following the transaction, the chief executive officer directly owned 485,668 shares of the company's stock, valued at approximately $121,368,433.20. This trade represents a 3.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,935 shares of company stock worth $14,394,416 over the last quarter. 0.79% of the stock is currently owned by company insiders.

Seagate Technology Stock Performance

Seagate Technology stock opened at $225.01 on Wednesday. The stock's 50 day simple moving average is $187.07 and its two-hundred day simple moving average is $138.01. The stock has a market cap of $47.92 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 1.09 and a beta of 1.63. Seagate Technology Holdings PLC has a fifty-two week low of $63.19 and a fifty-two week high of $264.83.

Seagate Technology (NASDAQ:STX - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The data storage provider reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.14. The business had revenue of $2.44 billion for the quarter, compared to analysts' expectations of $2.40 billion. Seagate Technology had a negative return on equity of 169.60% and a net margin of 16.15%.The business's revenue was up 29.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.05 EPS. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. On average, analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current year.

Seagate Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Tuesday, September 30th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 30th. Seagate Technology's dividend payout ratio (DPR) is 42.54%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on STX shares. Morgan Stanley boosted their price target on Seagate Technology from $168.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, September 29th. Wells Fargo & Company boosted their price target on Seagate Technology from $122.00 to $160.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Susquehanna boosted their price target on Seagate Technology from $68.00 to $80.00 and gave the company a "negative" rating in a report on Wednesday, July 30th. Benchmark boosted their price target on Seagate Technology from $165.00 to $250.00 and gave the company a "buy" rating in a report on Tuesday, September 16th. Finally, Cantor Fitzgerald boosted their price target on Seagate Technology from $175.00 to $280.00 and gave the company an "overweight" rating in a report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $193.32.

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.

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