Nomura Asset Management Co. Ltd. Has $24.35 Million Stock Holdings in Seagate Technology Holdings PLC $STX

Nomura Asset Management Co. Ltd. lifted its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 10.2% during the fourth quarter, Holdings Channel reports. The firm owned 88,415 shares of the data storage provider’s stock after purchasing an additional 8,207 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Seagate Technology were worth $24,349,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Salomon & Ludwin LLC raised its position in shares of Seagate Technology by 124.4% during the fourth quarter. Salomon & Ludwin LLC now owns 92 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 51 shares during the period. Armstrong Advisory Group Inc. acquired a new stake in shares of Seagate Technology during the fourth quarter worth $28,000. Concord Wealth Partners acquired a new stake in shares of Seagate Technology during the fourth quarter worth $28,000. Avion Wealth raised its position in shares of Seagate Technology by 343.5% during the fourth quarter. Avion Wealth now owns 102 shares of the data storage provider’s stock worth $28,000 after purchasing an additional 79 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Seagate Technology during the fourth quarter worth $37,000. 92.87% of the stock is owned by institutional investors and hedge funds.

Seagate Technology Stock Up 4.7%

NASDAQ:STX opened at $921.26 on Tuesday. The firm has a market capitalization of $206.57 billion, a price-to-earnings ratio of 87.41 and a beta of 1.98. Seagate Technology Holdings PLC has a 1-year low of $116.78 and a 1-year high of $940.79. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. The business’s fifty day moving average price is $621.76 and its 200 day moving average price is $437.45.

Seagate Technology (NASDAQ:STX) last issued its earnings results on Tuesday, April 28th. The data storage provider reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.96 billion. During the same quarter in the previous year, the company posted $1.90 earnings per share. The business’s quarterly revenue was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. On average, sell-side analysts forecast that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, June 24th will be paid a $0.74 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $2.96 dividend on an annualized basis and a yield of 0.3%. Seagate Technology’s payout ratio is 28.08%.

Insider Transactions at Seagate Technology

In other Seagate Technology news, EVP Ban Seng Teh sold 8,003 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $817.28, for a total value of $6,540,691.84. Following the transaction, the executive vice president owned 3,691 shares in the company, valued at $3,016,580.48. The trade was a 68.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John Christopher Morris sold 5,626 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $738.37, for a total value of $4,154,069.62. Following the completion of the transaction, the executive vice president owned 11,954 shares in the company, valued at $8,826,474.98. This trade represents a 32.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 122,437 shares of company stock valued at $78,398,375. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Citigroup boosted their target price on Seagate Technology from $595.00 to $740.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Argus boosted their target price on Seagate Technology from $450.00 to $750.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. The Goldman Sachs Group boosted their target price on Seagate Technology from $385.00 to $700.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Wells Fargo & Company upped their price target on Seagate Technology from $700.00 to $900.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, UBS Group upped their price target on Seagate Technology from $515.00 to $545.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $754.96.

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.