Mufg Securities Americas Inc. Acquires Shares of 3,123 Seagate Technology Holdings plc (NASDAQ:STX)

Mufg Securities Americas Inc. acquired a new position in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,123 shares of the data storage provider's stock, valued at approximately $270,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Seagate Technology by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 27,974,117 shares of the data storage provider's stock valued at $2,414,446,000 after acquiring an additional 1,814,821 shares during the last quarter. Sanders Capital LLC lifted its stake in Seagate Technology by 1.0% during the fourth quarter. Sanders Capital LLC now owns 16,530,152 shares of the data storage provider's stock worth $1,426,717,000 after purchasing an additional 162,561 shares during the last quarter. Capital Research Global Investors lifted its stake in Seagate Technology by 56.5% during the fourth quarter. Capital Research Global Investors now owns 15,621,162 shares of the data storage provider's stock worth $1,348,262,000 after purchasing an additional 5,640,443 shares during the last quarter. Geode Capital Management LLC increased its position in Seagate Technology by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 4,295,225 shares of the data storage provider's stock worth $370,013,000 after buying an additional 132,713 shares during the period. Finally, Invesco Ltd. increased its position in Seagate Technology by 14.6% in the fourth quarter. Invesco Ltd. now owns 2,761,534 shares of the data storage provider's stock worth $238,348,000 after buying an additional 352,300 shares during the period. Institutional investors and hedge funds own 92.87% of the company's stock.

Seagate Technology Stock Down 1.9%

NASDAQ STX traded down $2.07 during trading on Tuesday, hitting $106.97. The company's stock had a trading volume of 3,404,138 shares, compared to its average volume of 2,925,765. Seagate Technology Holdings plc has a 52 week low of $63.19 and a 52 week high of $115.32. The firm has a market cap of $22.70 billion, a P/E ratio of 19.56 and a beta of 1.32. The firm has a 50 day moving average price of $85.44 and a 200 day moving average price of $92.52.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The data storage provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.75 by $0.15. Seagate Technology had a negative return on equity of 63.48% and a net margin of 14.67%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the firm earned $0.33 EPS. Seagate Technology's quarterly revenue was up 30.5% on a year-over-year basis. On average, equities analysts expect that Seagate Technology Holdings plc will post 6.83 earnings per share for the current year.

Seagate Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Wednesday, June 25th will be paid a $0.72 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $2.88 dividend on an annualized basis and a yield of 2.69%. Seagate Technology's payout ratio is 41.62%.

Analyst Upgrades and Downgrades

STX has been the topic of a number of research analyst reports. Mizuho lowered their price target on Seagate Technology from $115.00 to $95.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Northland Securities reaffirmed an "outperform" rating and set a $160.00 target price (up previously from $144.00) on shares of Seagate Technology in a research note on Wednesday, January 22nd. Rosenblatt Securities reiterated a "buy" rating and issued a $130.00 price target on shares of Seagate Technology in a research report on Wednesday, April 30th. StockNews.com lowered Seagate Technology from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Morgan Stanley decreased their price target on Seagate Technology from $133.00 to $129.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.21.

Insider Buying and Selling at Seagate Technology

In related news, CEO William D. Mosley sold 20,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following the completion of the transaction, the chief executive officer now directly owns 555,677 shares of the company's stock, valued at approximately $46,988,047.12. This represents a 3.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.81% of the company's stock.

About Seagate Technology

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.