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

Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 28.6% in the fourth quarter, HoldingsChannel.com reports. The fund 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’s holdings in Seagate Technology were worth $10,916,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of STX. Ashton Thomas Securities LLC bought a new stake in shares of Seagate Technology during the 3rd quarter valued at about $26,000. Advisors Asset Management Inc. raised its holdings in shares of Seagate Technology by 177.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock valued at $44,000 after buying an additional 258 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of Seagate Technology by 27.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 532 shares of the data storage provider’s stock valued at $46,000 after buying an additional 113 shares in the last quarter. Human Investing LLC purchased a new position in shares of Seagate Technology during the 4th quarter valued at about $48,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Seagate Technology during the 3rd quarter valued at about $53,000. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of STX stock opened at $87.90 on Friday. The firm has a market cap of $18.61 billion, a P/E ratio of 16.07 and a beta of 1.01. Seagate Technology Holdings plc has a fifty-two week low of $82.31 and a fifty-two week high of $115.32. The business’s 50 day moving average price is $96.32 and its 200-day moving average price is $99.12.

Seagate Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be given a dividend of $0.72 per share. The ex-dividend date is Wednesday, March 19th. This represents a $2.88 annualized dividend and a dividend yield of 3.28%. Seagate Technology’s dividend payout ratio is presently 52.65%.

Analysts Set New Price Targets

STX has been the topic of a number of research reports. Morgan Stanley decreased their price objective on Seagate Technology from $133.00 to $129.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Barclays raised their price objective on Seagate Technology from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, January 22nd. Bank of America decreased their price objective on Seagate Technology from $130.00 to $112.00 and set a “buy” rating on the stock in a report on Thursday. The Goldman Sachs Group decreased their price target on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Finally, UBS Group lifted their price target on Seagate Technology from $95.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average target price of $121.56.

About Seagate Technology

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.