Crossmark Global Holdings Inc. Grows Position in Seagate Technology Holdings plc (NASDAQ:STX)

Crossmark Global Holdings Inc. boosted its stake in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 2.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,734 shares of the data storage provider’s stock after acquiring an additional 307 shares during the period. Crossmark Global Holdings Inc.’s holdings in Seagate Technology were worth $1,176,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of STX. Quarry LP bought a new position in shares of Seagate Technology during the 2nd quarter valued at approximately $27,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in Seagate Technology by 2,407.1% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 351 shares of the data storage provider’s stock valued at $36,000 after purchasing an additional 337 shares during the last quarter. Family Firm Inc. purchased a new position in shares of Seagate Technology in the 2nd quarter worth $41,000. JFS Wealth Advisors LLC increased its holdings in shares of 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 buying an additional 293 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Seagate Technology by 15,766.7% during the 2nd quarter. Larson Financial Group LLC now owns 476 shares of the data storage provider’s stock valued at $49,000 after buying an additional 473 shares in the last quarter. 92.87% of the stock is currently owned by institutional investors.

Seagate Technology Trading Down 1.5 %

Shares of STX stock opened at $98.27 on Thursday. Seagate Technology Holdings plc has a 12-month low of $73.20 and a 12-month high of $115.32. The business’s fifty day simple moving average is $105.11 and its 200-day simple moving average is $101.18. The company has a market cap of $20.79 billion, a PE ratio of 25.66 and a beta of 1.05.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings results on Tuesday, October 22nd. The data storage provider reported $1.58 earnings per share for the quarter, topping the consensus estimate 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 32.19% and a net margin of 11.34%. The company’s quarterly revenue was up 49.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.34) earnings per share. On average, equities analysts forecast that Seagate Technology Holdings plc will post 7.35 earnings per share for the current year.

Seagate Technology Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Sunday, December 15th will be issued a $0.72 dividend. The ex-dividend date is Friday, December 13th. This is a positive change from Seagate Technology’s previous quarterly dividend of $0.70. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.93%. Seagate Technology’s dividend payout ratio is currently 73.11%.

Insider Transactions at Seagate Technology

In other Seagate Technology news, CEO William D. Mosley sold 141,785 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $110.18, for a total transaction of $15,621,871.30. Following the completion of the transaction, the chief executive officer now directly owns 668,616 shares of the company’s stock, valued at approximately $73,668,110.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO William D. Mosley sold 141,785 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $110.18, for a total value of $15,621,871.30. Following the completion of the transaction, the chief executive officer now owns 668,616 shares of the company’s stock, valued at $73,668,110.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ban Seng Teh sold 4,872 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $110.00, for a total value of $535,920.00. Following the sale, the executive vice president now directly owns 9,969 shares in the company, valued at approximately $1,096,590. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 201,820 shares of company stock worth $21,892,856 over the last three months. 0.81% of the stock is currently owned by insiders.

Analysts Set New Price Targets

STX has been the topic of several recent research reports. Rosenblatt Securities increased their price target on Seagate Technology from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. UBS Group raised their target price on shares of Seagate Technology from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Susquehanna upped their price target on shares of Seagate Technology from $55.00 to $65.00 and gave the company a “negative” rating in a report on Wednesday, July 24th. Wells Fargo & Company increased their price objective on shares of Seagate Technology from $90.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Finally, Benchmark restated a “hold” rating on shares of Seagate Technology in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.83.

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.