Seagate Technology Holdings plc (NASDAQ:STX) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 12.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,950 shares of the data storage provider’s stock after purchasing an additional 7,771 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Seagate Technology were worth $6,057,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. NewEdge Wealth LLC grew its holdings in shares of Seagate Technology by 3.6% in the third quarter. NewEdge Wealth LLC now owns 4,214 shares of the data storage provider’s stock valued at $278,000 after purchasing an additional 146 shares in the last quarter. IFP Advisors Inc grew its holdings in Seagate Technology by 4.9% during the 3rd quarter. IFP Advisors Inc now owns 3,542 shares of the data storage provider’s stock worth $234,000 after acquiring an additional 164 shares in the last quarter. Bangor Savings Bank grew its holdings in Seagate Technology by 2.5% during the 3rd quarter. Bangor Savings Bank now owns 6,768 shares of the data storage provider’s stock worth $446,000 after acquiring an additional 166 shares in the last quarter. Rothschild Investment LLC IL grew its holdings in Seagate Technology by 1.9% during the 3rd quarter. Rothschild Investment LLC IL now owns 9,294 shares of the data storage provider’s stock worth $613,000 after acquiring an additional 170 shares in the last quarter. Finally, Mariner LLC grew its holdings in Seagate Technology by 0.6% during the 3rd quarter. Mariner LLC now owns 29,616 shares of the data storage provider’s stock worth $1,953,000 after acquiring an additional 185 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Analysts Set New Price Targets

STX has been the subject of several analyst reports. Morgan Stanley upgraded shares of Seagate Technology from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $73.00 to $115.00 in a report on Tuesday, March 26th. The Goldman Sachs Group boosted their price objective on shares of Seagate Technology from $65.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Robert W. Baird boosted their price objective on shares of Seagate Technology from $70.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Susquehanna upped their price target on shares of Seagate Technology from $50.00 to $55.00 and gave the company a “negative” rating in a research report on Wednesday, April 10th. Finally, Mizuho reiterated a “buy” rating and issued a $100.00 price target on shares of Seagate Technology in a research report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $86.67.

Seagate Technology Stock Down 4.0 %

NASDAQ:STX opened at $85.19 on Monday. Seagate Technology Holdings plc has a fifty-two week low of $54.32 and a fifty-two week high of $101.26. The firm’s fifty day simple moving average is $89.74 and its 200-day simple moving average is $81.71.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Wednesday, January 24th. The data storage provider reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.19. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.56 billion. As a group, analysts forecast that Seagate Technology Holdings plc will post 0.05 EPS for the current year.

Seagate Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.29%. Seagate Technology’s dividend payout ratio (DPR) is presently -80.00%.

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.