Skandinaviska Enskilda Banken AB publ Acquires 28,045 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 28.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 126,147 shares of the data storage provider's stock after purchasing an additional 28,045 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.06% of Seagate Technology worth $10,916,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sanders Capital LLC lifted its stake in Seagate Technology by 0.9% in the third quarter. Sanders Capital LLC now owns 16,367,591 shares of the data storage provider's stock valued at $1,792,742,000 after acquiring an additional 150,115 shares during the last quarter. State Street Corp lifted its stake in Seagate Technology by 6.8% in the third quarter. State Street Corp now owns 8,502,674 shares of the data storage provider's stock valued at $937,081,000 after acquiring an additional 541,585 shares during the last quarter. Geode Capital Management LLC lifted its stake in Seagate Technology by 8.3% in the third quarter. Geode Capital Management LLC now owns 4,162,512 shares of the data storage provider's stock valued at $454,477,000 after acquiring an additional 318,416 shares during the last quarter. Franklin Resources Inc. lifted its stake in Seagate Technology by 29.5% in the third quarter. Franklin Resources Inc. now owns 1,778,811 shares of the data storage provider's stock valued at $197,844,000 after acquiring an additional 405,232 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Seagate Technology by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,362,899 shares of the data storage provider's stock valued at $117,632,000 after acquiring an additional 34,979 shares during the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of analysts have issued reports on STX shares. Barclays lifted their target price on shares of Seagate Technology from $95.00 to $105.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 22nd. Benchmark upgraded shares of Seagate Technology from a "hold" rating to a "buy" rating and set a $120.00 price objective for the company in a research note on Wednesday, January 22nd. Summit Insights upgraded shares of Seagate Technology from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Wells Fargo & Company reduced their price objective on shares of Seagate Technology from $120.00 to $110.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. Finally, Morgan Stanley reduced their price objective on shares of Seagate Technology from $133.00 to $129.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Seagate Technology has an average rating of "Moderate Buy" and an average target price of $121.00.

Seagate Technology Stock Up 1.1 %

Seagate Technology stock traded up $1.01 on Wednesday, hitting $88.93. The company's stock had a trading volume of 2,225,473 shares, compared to its average volume of 2,597,309. The firm has a market cap of $18.83 billion, a P/E ratio of 16.26 and a beta of 1.01. The company has a fifty day moving average price of $96.33 and a 200-day moving average price of $98.99. Seagate Technology Holdings plc has a one year low of $82.31 and a one year high of $115.32.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology's dividend payout ratio (DPR) is presently 52.65%.

Seagate Technology Company 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.