Nissay Asset Management Corp Japan ADV Boosts Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Nissay Asset Management Corp Japan ADV grew its position in Seagate Technology Holdings plc (NASDAQ:STX) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,313 shares of the data storage provider’s stock after buying an additional 1,304 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Seagate Technology were worth $2,212,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. JFS Wealth Advisors LLC boosted its position in shares of Seagate Technology by 27.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock worth $46,000 after purchasing an additional 113 shares during the period. Human Investing LLC purchased a new position in shares of Seagate Technology during the 4th quarter worth approximately $48,000. Mizuho Bank Ltd. boosted its position in shares of Seagate Technology by 140.0% during the 4th quarter. Mizuho Bank Ltd. now owns 600 shares of the data storage provider’s stock worth $52,000 after purchasing an additional 350 shares during the period. Johnson Financial Group Inc. boosted its position in shares of Seagate Technology by 22.7% during the 4th quarter. Johnson Financial Group Inc. now owns 606 shares of the data storage provider’s stock worth $52,000 after purchasing an additional 112 shares during the period. Finally, S.A. Mason LLC purchased a new position in shares of Seagate Technology during the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Buying and Selling

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following 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 trade represents a 3.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.81% of the stock is owned by company insiders.

Seagate Technology Trading Up 0.3%

Shares of STX opened at $107.79 on Friday. Seagate Technology Holdings plc has a twelve month low of $63.19 and a twelve month high of $115.32. The firm’s fifty day simple moving average is $84.56 and its 200-day simple moving average is $92.40. The firm has a market capitalization of $22.87 billion, a price-to-earnings ratio of 19.71 and a beta of 1.32.

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

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Wednesday, June 25th will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $2.88 annualized dividend and a yield of 2.67%. Seagate Technology’s dividend payout ratio is currently 41.62%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Bank of America lowered their price objective on shares of Seagate Technology from $130.00 to $112.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Barclays increased their price objective on shares of Seagate Technology from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 30th. StockNews.com lowered shares of Seagate Technology from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Morgan Stanley reduced their target price on shares of Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, Susquehanna increased their target price on shares of Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $114.11.

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.