KLP Kapitalforvaltning AS Increases Stock Position in Seagate Technology Holdings PLC $STX

Posted by Donna Armstrong on Jan 9th, 2026

KLP Kapitalforvaltning AS increased its holdings in Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 4.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,695 shares of the data storage provider’s stock after acquiring an additional 3,400 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Seagate Technology were worth $18,160,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of STX. Vision Financial Markets LLC purchased a new stake in Seagate Technology during the second quarter worth $173,000. Nordea Investment Management AB raised its stake in shares of Seagate Technology by 18.0% during the 2nd quarter. Nordea Investment Management AB now owns 18,422 shares of the data storage provider’s stock worth $2,632,000 after buying an additional 2,808 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd boosted its position in shares of Seagate Technology by 185.8% in the 2nd 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 buying an additional 12,178 shares in the last quarter. Channing Capital Management LLC acquired a new stake in Seagate Technology in the 2nd quarter valued at about $4,542,000. Finally, Chapin Davis Inc. purchased a new position in Seagate Technology during the 3rd quarter valued at about $9,064,000. Institutional investors and hedge funds own 92.87% of the company’s stock.

Seagate Technology Trading Down 7.7%

Seagate Technology stock opened at $284.47 on Friday. The stock has a fifty day moving average price of $277.15 and a 200 day moving average price of $215.41. Seagate Technology Holdings PLC has a 52 week low of $63.19 and a 52 week high of $332.00. The firm has a market capitalization of $60.75 billion, a P/E ratio of 36.52, a PEG ratio of 1.21 and a beta of 1.60.

Seagate Technology Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 24th will be given a $0.74 dividend. This is a boost from Seagate Technology’s previous quarterly dividend of $0.72. This represents a $2.96 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, December 24th. Seagate Technology’s dividend payout ratio is 38.00%.

Insider Activity

In other news, Director Stephanie Tilenius sold 2,046 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $266.41, for a total transaction of $545,074.86. Following the completion of the sale, the director directly owned 12,244 shares in the company, valued at $3,261,924.04. This represents a 14.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Gianluca Romano sold 54,021 shares of Seagate Technology stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $285.16, for a total value of $15,404,628.36. Following the completion of the transaction, the chief financial officer owned 56,293 shares in the company, valued at $16,052,511.88. The trade was a 48.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 132,555 shares of company stock valued at $36,743,207 in the last ninety days. 0.79% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on STX shares. Morgan Stanley increased their price target on shares of Seagate Technology from $270.00 to $337.00 and gave the company an “overweight” rating in a research report on Wednesday, December 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Seagate Technology in a report on Monday, December 29th. Wedbush boosted their price target on Seagate Technology from $260.00 to $290.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Loop Capital upped their price objective on Seagate Technology from $350.00 to $465.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Finally, Wells Fargo & Company lifted their price objective on Seagate Technology from $240.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $293.13.

Check Out Our Latest Stock Report on Seagate Technology

More Seagate Technology News

Here are the key news stories impacting Seagate Technology this week:

Positive Sentiment: Seagate’s HAMR roadmap and higher-capacity drives are highlighted as a multi-year growth driver for data-center storage demand, supporting long-term revenue upside. Seagate: HAMR Drives To Boost Capacity Of The Growth Story
Positive Sentiment: Sector momentum: analysts and investors are rotating into storage names as AI spending lifts demand for cold and warm storage — contributing to Seagate hitting record highs earlier this week. Why Micron, Seagate, and Western Digital Shares Soared
Positive Sentiment: Visibility and institutional interest are rising — Nasdaq/index moves and analyst target increases (and a modest dividend bump) have reinforced the bullish narrative and raised investor attention. Seagate Technology (NASDAQ:STX) Nasdaq Index Expands Storage Reach
Neutral Sentiment: Supply dynamics are shifting in memory and modules (a 2026 RAM shortage story); tighter upstream components could reshape OEM buying patterns — ambiguous for Seagate: could boost some demand but also constrain system builds. Why is there a RAM shortage in 2026?
Negative Sentiment: Insider selling: CEO William Mosley disclosed a sale of 20,000 shares (~$5.7M), which can amplify short-term selling and raises caution among some investors. Seagate Technology (NASDAQ:STX) CEO Sells $5,711,200.00 in Stock
Negative Sentiment: Valuation and profit-taking: after a roughly 254% one‑year gain, some coverage asks whether STX is fully priced; stretched multiples and short‑term revenue/consensus risk are prompting traders to lock in gains. Is It Too Late To Consider Seagate Technology Holdings (STX) After Its 254% One-Year Surge

Seagate Technology Company Profile

(Free Report)

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.