Nordea Investment Management AB Has $2.63 Million Position in Seagate Technology Holdings PLC $STX

Nordea Investment Management AB lifted its stake in shares of Seagate Technology Holdings PLC (NASDAQ:STX) by 18.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,422 shares of the data storage provider’s stock after acquiring an additional 2,808 shares during the period. Nordea Investment Management AB’s holdings in Seagate Technology were worth $2,632,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of STX. GAMMA Investing LLC lifted its position in shares of Seagate Technology by 8.5% during the 1st quarter. GAMMA Investing LLC now owns 3,027 shares of the data storage provider’s stock valued at $257,000 after acquiring an additional 237 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Seagate Technology by 18.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,122 shares of the data storage provider’s stock worth $1,454,000 after buying an additional 2,611 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in Seagate Technology by 27.6% during the first quarter. Oppenheimer & Co. Inc. now owns 20,482 shares of the data storage provider’s stock worth $1,740,000 after buying an additional 4,427 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in Seagate Technology by 5.7% during the first quarter. Asset Management One Co. Ltd. now owns 89,021 shares of the data storage provider’s stock worth $7,562,000 after buying an additional 4,799 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Seagate Technology during the first quarter worth $201,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Stock Up 0.2%

NASDAQ STX opened at $215.05 on Thursday. The firm’s 50-day simple moving average is $201.68 and its two-hundred day simple moving average is $147.93. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $264.83. The company has a market cap of $45.80 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 0.96 and a beta of 1.63.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, July 29th. The data storage provider reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.14. The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.40 billion. Seagate Technology had a net margin of 16.15% and a negative return on equity of 169.60%. Seagate Technology’s revenue was up 29.5% compared to the same quarter last year. During the same period last year, the business earned $1.05 earnings per share. Seagate Technology has set its Q1 2026 guidance at 2.100-2.500 EPS. As a group, equities research analysts anticipate that Seagate Technology Holdings PLC will post 6.83 EPS for the current year.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.88 annualized dividend and a dividend yield of 1.3%. Seagate Technology’s dividend payout ratio (DPR) is 42.54%.

Insider Transactions at Seagate Technology

In other news, EVP John Christopher Morris sold 15,347 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $195.80, for a total value of $3,004,942.60. Following the transaction, the executive vice president owned 9,843 shares in the company, valued at approximately $1,927,259.40. This trade represents a 60.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Ci Lee sold 3,509 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $154.74, for a total transaction of $542,982.66. Following the completion of the transaction, the insider owned 1,288 shares in the company, valued at $199,305.12. This represents a 73.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,620 shares of company stock valued at $14,464,056. 0.79% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on STX. Evercore ISI upped their target price on shares of Seagate Technology from $160.00 to $330.00 and gave the stock an “outperform” rating in a research note on Monday, October 13th. Rosenblatt Securities upped their target price on shares of Seagate Technology from $200.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Loop Capital upped their target price on shares of Seagate Technology from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Cantor Fitzgerald upped their target price on shares of Seagate Technology from $175.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, September 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Seagate Technology in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $233.40.

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.