Seagate Technology Holdings plc (NASDAQ:STX) shares sold by Nordea Investment Management AB

Seagate Technology Holdings plc (NASDAQ:STX) shares sold by Nordea Investment Management AB

Nordea Investment Management AB cut its position in Seagate Technology Holdings plc (NASDAQ:STX – Free Report ) by 91.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,663 shares of the data storage provider’s stock after selling 143,465 shares during the quarter. Nordea Investment Management AB’s holdings in Seagate Technology were worth $830,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in STX. BlackRock Inc. raised its position in Seagate Technology by 20.5% in the first quarter. BlackRock Inc. now owns 15,620,098 shares of the data storage provider’s stock valued at $1,032,801,000 after purchasing an additional 2,662,098 shares in the last quarter. JPMorgan Chase & Co. raised its position in Seagate Technology by 5.8% in the first quarter. JPMorgan Chase & Co. now owns 15,279,089 shares of the data storage provider’s stock valued at $1,010,254,000 after purchasing an additional 837,041 shares during the last quarter. State Street Corp lifted its position in Seagate Technology by 9.6% during the first quarter. State Street Corp now owns 9,360,341 shares of the data storage provider’s stock valued at $625,307,000 after buying an additional 819,501 shares during the period. Geode Capital Management LLC lifted its position in Seagate Technology by 3.4% in the second quarter. Geode Capital Management LLC now owns 3,519,253 shares of the data storage provider’s stock valued at $217,197,000 after buying an additional 115,701 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in Seagate Technology by 24.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,410,163 shares of the data storage provider’s stock valued at $158,950,000 after purchasing an additional 470,592 shares during the period. Hedge funds and other institutional investors own 85.26% of the company’s shares.

Price performance of Seagate technology

Shares of NASDAQ STX opened at $87.98 on Friday. The company has a market cap of $18.43 billion, a price-to-earnings ratio of -25.14 and a beta of 1.04. The business has a 50-day moving average of $85.60 and a 200-day moving average of $75.57. Seagate Technology Holdings plc has a 1-year low of $54.32 and a 1-year high of $92.04.

Seagate Technology (NASDAQ:STX – Get Your Free Report ) last announced its quarterly earnings results on Wednesday, January 24th. The data storage provider reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.19. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.56 billion. As a group, equities research analysts expect that Seagate Technology Holdings plc will post -0.17 earnings per share for the current year.

Seagate Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st will be paid a dividend of $0.70 per share. This represents an annualized dividend of $2.80 and a yield of 3.18%. The ex-dividend date is Wednesday, March 20th. Seagate Technology’s dividend payout ratio (DPR) is -80.00%.

Analysts set new price targets

A number of equities analysts have commented on STX shares. StockNews.com upgraded Seagate Technology from a “sell” rating to a “hold” rating in a research report on Monday, December 4th. Cantor Fitzgerald initiated coverage on Seagate Technology in a research note on Tuesday, January 23rd. They issued a “neutral” rating and a $90.00 target price for the company. Wells Fargo & Company raised their price objective on Seagate Technology from $80.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. TD Cowen lifted their price objective on Seagate Technology from $85.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Finally, BNP Paribas downgraded Seagate Technology from a “neutral” rating to an “underperform” rating and set a $65.00 price objective for the company. in a research note on Thursday, January 11th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. Seagate Technology has a consensus rating of “Hold” and a consensus target price of $79.00, according to MarketBeat .

Read our latest report on Seagate Technology stock

Insiders place their bets

In other news, VP Ban Seng Teh sold 8,000 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $79.70, for a total value of $637,600.00. Following the completion of the sale, the executive vice president now directly owns 33,690 shares of the company’s stock, valued at approximately $2,685,093. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through the SEC’s website. In other news, VP Ban Seng Teh sold 8,000 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $79.70, for a total value of $637,600.00. Following the completion of the sale, the executive vice president now directly owns 33,690 shares of the company’s stock, valued at approximately $2,685,093. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Also, CFO Gianluca Romano sold 475 shares of the business’s stock in a transaction dated Saturday, December 9th. The shares were sold at an average price of $80.59, for a total value of $38,280.25. Following the completion of the sale, the chief financial officer now directly owns 63,874 shares of the company’s stock, valued at $5,147,605.66. Disclosure of this sale can be found here. Insiders have sold 81,994 shares of company stock worth $6,547,701 over the last ninety days. Insiders own 0.89% of the company’s stock.

Seagate Technology Company Profile

(Free report)

Seagate Technology Holdings plc provides storage technology and solutions in Singapore, the United States, the Netherlands and internationally. It provides mass-capacity storage products, including enterprise near-hard disk drives (HDDs), enterprise near-hard disk drives (SSDs), enterprise near-field systems, video and imaging HDDs, and network storage devices.

More information

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Institutional Ownership by Quarter for Seagate Technology (NASDAQ:STX)

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