Nordea Investment Management AB Grows Stock Position in Seagate Technology Holdings PLC $STX

Nordea Investment Management AB raised its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 13.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,816 shares of the data storage provider’s stock after buying an additional 2,394 shares during the quarter. Nordea Investment Management AB’s holdings in Seagate Technology were worth $4,843,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp increased its position in Seagate Technology by 5.0% during the second quarter. State Street Corp now owns 9,001,365 shares of the data storage provider’s stock worth $1,305,499,000 after purchasing an additional 432,455 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Seagate Technology by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 4,567,181 shares of the data storage provider’s stock worth $656,066,000 after buying an additional 85,660 shares during the last quarter. Soroban Capital Partners LP raised its position in shares of Seagate Technology by 1,468.1% in the 2nd quarter. Soroban Capital Partners LP now owns 1,417,600 shares of the data storage provider’s stock worth $204,602,000 after buying an additional 1,327,197 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Seagate Technology by 1.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,386,524 shares of the data storage provider’s stock valued at $200,117,000 after acquiring an additional 20,618 shares during the last quarter. Finally, Norges Bank purchased a new stake in Seagate Technology during the second quarter valued at about $197,027,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on STX. Fox Advisors raised their price objective on Seagate Technology from $245.00 to $270.00 in a report on Wednesday, October 29th. China Renaissance increased their target price on shares of Seagate Technology from $325.00 to $452.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup lifted their price target on shares of Seagate Technology from $275.00 to $320.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Seagate Technology in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Seagate Technology has a consensus rating of “Moderate Buy” and a consensus target price of $320.39.

Key Seagate Technology News

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: China Renaissance raised its price target to $452 and maintained a “buy” rating — a large upside (~41% from recent levels) that supports further upside expectations for STX. China Renaissance raises PT to $452
• Positive Sentiment: Barclays bumped its target to $370 and kept an “equal weight” rating — another notable upgrade that adds institutional validation to the stock’s rally. Barclays raises PT to $370
• Positive Sentiment: Wells Fargo raised its target to $360 (still “equal weight”), signaling broader analyst re‑rating of Seagate amid stronger end‑market demand expectations. Wells Fargo raises PT to $360
• Positive Sentiment: Media coverage and analyst commentary point to an AI‑driven memory/mass‑storage rally benefiting STX and peers — Susquehanna and others highlighted the sector strength on a recent segment. STX & WDC Gain Analyst Support Amid Surging Memory Chip Rally
• Neutral Sentiment: A Zacks piece lists Seagate among technology solutions beneficiaries (multi‑cloud and integrated systems demand) — supportive context but not company‑specific new data. 4 Stocks to Watch From a Prospering Technology Solutions Industry
• Neutral Sentiment: Susquehanna formally moved Seagate from “negative” to “neutral” with a $280 target — an upgrade in tone but a target below current market levels, creating a mixed signal for investors. Susquehanna moves STX to neutral, PT $280
• Negative Sentiment: Insider activity: EVP Ban Seng Teh sold 1,412 shares (~$299 avg), trimming his stake. Insider sales can weigh on sentiment even if not large relative to holdings. SEC Form 4: Ban Seng Teh sale

Seagate Technology Trading Up 1.8%

STX opened at $326.23 on Friday. Seagate Technology Holdings PLC has a twelve month low of $63.19 and a twelve month high of $335.02. The firm has a market cap of $69.67 billion, a price-to-earnings ratio of 41.88, a PEG ratio of 1.28 and a beta of 1.60. The company has a fifty day simple moving average of $283.10 and a 200 day simple moving average of $223.37.

Seagate Technology Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 24th were paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 0.9%. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.72. The ex-dividend date was Wednesday, December 24th. Seagate Technology’s payout ratio is presently 38.00%.

Insiders Place Their Bets

In related news, EVP Ban Seng Teh sold 6,000 shares of the stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $270.00, for a total value of $1,620,000.00. Following the completion of the transaction, the executive vice president owned 12,041 shares of the company’s stock, valued at approximately $3,251,070. This represents a 33.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $262.82, for a total value of $5,256,400.00. Following the sale, the chief executive officer owned 465,668 shares in the company, valued at $122,386,863.76. This represents a 4.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 132,557 shares of company stock valued at $36,847,793. Insiders own 0.79% of the company’s stock.

Seagate Technology Company 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.