Crossmark Global Holdings Inc. Has $960,000 Stake in Seagate Technology Holdings plc (NASDAQ:STX)

Crossmark Global Holdings Inc. increased its stake in Seagate Technology Holdings plc (NASDAQ:STX) by 3.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 11,122 shares of the data storage provider’s stock after purchasing an additional 388 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Seagate Technology were worth $960,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in shares of Seagate Technology during the 3rd quarter worth about $26,000. Quarry LP acquired a new position in Seagate Technology during the 2nd quarter valued at $27,000. Advisors Asset Management Inc. boosted its holdings in Seagate Technology by 177.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 403 shares of the data storage provider’s stock valued at $44,000 after purchasing an additional 258 shares during the period. JFS Wealth Advisors LLC grew its position in Seagate Technology by 232.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 419 shares of the data storage provider’s stock worth $46,000 after purchasing an additional 293 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Seagate Technology during the 3rd quarter worth about $53,000. Institutional investors own 92.87% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Mizuho reduced their price objective on Seagate Technology from $130.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Benchmark upgraded shares of Seagate Technology from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Wednesday. Morgan Stanley dropped their price target on shares of Seagate Technology from $133.00 to $129.00 and set an “overweight” rating for the company in a research report on Tuesday. Barclays lifted 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. Finally, The Goldman Sachs Group lowered their price target on Seagate Technology from $112.00 to $99.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.56.

Seagate Technology Trading Down 0.2 %

Shares of NASDAQ:STX opened at $108.19 on Friday. Seagate Technology Holdings plc has a 1-year low of $82.31 and a 1-year high of $115.32. The business has a 50-day moving average price of $95.00 and a two-hundred day moving average price of $100.42. The stock has a market capitalization of $22.89 billion, a P/E ratio of 19.78 and a beta of 1.06.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings data on Tuesday, October 22nd. The data storage provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.28. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.13 billion. Seagate Technology had a negative return on equity of 63.48% and a net margin of 14.67%. The firm’s revenue was up 49.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.34) earnings per share. As a group, equities analysts predict that Seagate Technology Holdings plc will post 6.92 EPS for the current year.

Seagate Technology Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $2.88 annualized dividend and a yield of 2.66%. Seagate Technology’s dividend payout ratio (DPR) is presently 52.65%.

Insiders Place Their Bets

In other news, CEO William D. Mosley sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $102.83, for a total transaction of $2,056,600.00. Following the sale, the chief executive officer now owns 622,497 shares in the company, valued at $64,011,366.51. This represents a 3.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Kian Fatt Chong sold 9,182 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $105.50, for a total transaction of $968,701.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,073 shares of company stock worth $5,106,149. Corporate insiders own 0.81% of the company’s stock.

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.