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

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

Other institutional investors have also modified their holdings of the company. Vision Financial Markets LLC acquired a new position in Seagate Technology in the 2nd quarter valued at $173,000. Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Seagate Technology during the third quarter worth about $1,864,000. Central Asset Investments & Management Holdings HK Ltd raised its holdings in Seagate Technology by 185.8% during the second quarter. Central Asset Investments & Management Holdings HK Ltd now owns 18,734 shares of the data storage provider’s stock worth $2,704,000 after purchasing an additional 12,178 shares in the last quarter. Channing Capital Management LLC acquired a new stake in Seagate Technology in the second quarter valued at about $4,542,000. Finally, Chapin Davis Inc. acquired a new stake in Seagate Technology in the third quarter valued at about $9,064,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on STX shares. Cantor Fitzgerald increased their target price on Seagate Technology from $280.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Argus upped their price objective on Seagate Technology from $170.00 to $300.00 and gave the stock a “strong-buy” rating in a report on Thursday, October 30th. Sanford C. Bernstein increased their price objective on Seagate Technology from $275.00 to $370.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Zacks Research raised Seagate Technology from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 2nd. Finally, Rosenblatt Securities upped their price target on shares of Seagate Technology from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.39.

Key Headlines Impacting Seagate Technology

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

Insider Transactions at Seagate Technology

In other news, EVP Ban Seng Teh sold 1,412 shares of the company’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $299.31, for a total value of $422,625.72. Following the sale, the executive vice president directly owned 13,693 shares in the company, valued at $4,098,451.83. This represents a 9.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the completion of the transaction, the chief executive officer owned 429,895 shares in the company, valued at approximately $122,760,816.20. This trade represents a 4.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 132,557 shares of company stock worth $36,847,793 in the last quarter. Insiders own 0.79% of the company’s stock.

Seagate Technology Stock Up 1.8%

Seagate Technology stock opened at $326.23 on Friday. The firm has a market capitalization of $69.67 billion, a PE ratio of 41.88, a P/E/G ratio of 1.28 and a beta of 1.60. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $335.02. The firm’s 50-day simple moving average is $283.10 and its 200 day simple moving average is $223.37.

Seagate Technology Increases Dividend

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

About Seagate Technology

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.