Lansforsakringar Fondforvaltning AB publ Has $16.21 Million Stake in Seagate Technology Holdings PLC $STX

Lansforsakringar Fondforvaltning AB publ raised its holdings in Seagate Technology Holdings PLC (NASDAQ:STX) by 6.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 68,647 shares of the data storage provider’s stock after acquiring an additional 4,227 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Seagate Technology were worth $16,205,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Rakuten Securities Inc. boosted its holdings in Seagate Technology by 884.2% during the second quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock worth $27,000 after buying an additional 168 shares during the last quarter. MTM Investment Management LLC bought a new position in Seagate Technology during the 2nd quarter worth approximately $29,000. First Horizon Corp acquired a new position in Seagate Technology during the third quarter valued at approximately $33,000. Raiffeisen Bank International AG acquired a new position in Seagate Technology during the third quarter valued at approximately $33,000. Finally, Physician Wealth Advisors Inc. raised its holdings in Seagate Technology by 43.7% in the third quarter. Physician Wealth Advisors Inc. now owns 148 shares of the data storage provider’s stock worth $35,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 92.87% of the company’s stock.

Insider Transactions at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the transaction, the chief executive officer owned 429,895 shares of the company’s stock, valued at $122,760,816.20. The trade was a 4.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jay L. Geldmacher sold 925 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $448.02, for a total value of $414,418.50. Following the sale, the director owned 223 shares in the company, valued at approximately $99,908.46. This represents a 80.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 83,955 shares of company stock valued at $29,925,749. 0.79% of the stock is owned by insiders.

Wall Street Analyst Weigh In

STX has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Seagate Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Benchmark boosted their target price on Seagate Technology from $255.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Susquehanna raised Seagate Technology from a “negative” rating to a “neutral” rating and raised their price target for the stock from $150.00 to $280.00 in a research report on Friday, January 16th. Mizuho lifted their price objective on Seagate Technology from $440.00 to $475.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Finally, Bank of America increased their target price on Seagate Technology from $320.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Seagate Technology presently has an average rating of “Moderate Buy” and a consensus target price of $447.35.

Seagate Technology Price Performance

NASDAQ STX opened at $411.11 on Monday. The firm’s 50 day moving average is $347.93 and its 200-day moving average is $268.13. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63. The company has a market capitalization of $89.65 billion, a PE ratio of 46.51, a price-to-earnings-growth ratio of 0.92 and a beta of 1.62. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $459.84.

Seagate Technology (NASDAQ:STX) last released its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. Seagate Technology had a net margin of 19.59% and a negative return on equity of 936.38%. The business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter last year, the firm earned $2.03 earnings per share. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Equities research analysts anticipate that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 25th will be issued a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, March 25th. Seagate Technology’s dividend payout ratio is presently 33.48%.

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.