April 11, 2021

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Crossmark Global Holdings Inc. Has $872,000 Stake in Seagate Technology plc (NASDAQ:STX)


Crossmark Global Holdings Inc. trimmed its position in shares of Seagate Technology plc (NASDAQ:STX) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,031 shares of the data storage provider’s stock after selling 754 shares during the period. Crossmark Global Holdings Inc.’s holdings in Seagate Technology were worth $872,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in STX. Great West Life Assurance Co. Can grew its stake in Seagate Technology by 238.6% during the third quarter. Great West Life Assurance Co. Can now owns 2,554,600 shares of the data storage provider’s stock worth $32,598,000 after buying an additional 1,800,060 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Seagate Technology by 199.1% in the third quarter. JPMorgan Chase & Co. now owns 1,593,554 shares of the data storage provider’s stock worth $79,789,000 after acquiring an additional 1,060,846 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in shares of Seagate Technology in the fourth quarter worth about $65,734,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of Seagate Technology by 232.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 585,434 shares of the data storage provider’s stock worth $28,961,000 after acquiring an additional 409,518 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Seagate Technology by 41.3% in the third quarter. O Shaughnessy Asset Management LLC now owns 1,317,866 shares of the data storage provider’s stock worth $64,966,000 after acquiring an additional 384,938 shares during the last quarter. Hedge funds and other institutional investors own 82.51% of the company’s stock.

A number of research analysts have recently commented on the stock. The Goldman Sachs Group increased their target price on shares of Seagate Technology from $47.00 to $52.00 and gave the stock a “sell” rating in a report on Monday, December 14th. Rosenblatt Securities increased their target price on shares of Seagate Technology from $65.00 to $78.00 and gave the stock a “buy” rating in a report on Tuesday, December 22nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Seagate Technology from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Tuesday. Cowen raised their price objective on shares of Seagate Technology from $44.00 to $48.00 and gave the company a “market perform” rating in a report on Friday, October 23rd. Finally, Mizuho raised their price objective on shares of Seagate Technology from $54.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, December 28th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $57.13.

In other news, EVP Jeffrey D. Nygaard sold 4,145 shares of the firm’s stock in a transaction that occurred on Monday, November 23rd. The shares were sold at an average price of $56.50, for a total transaction of $234,192.50. Following the completion of the sale, the executive vice president now owns 21,644 shares of the company’s stock, valued at approximately $1,222,886. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Holdings L.P. Valueact sold 8,706 shares of the firm’s stock in a transaction that occurred on Friday, January 15th. The stock was sold at an average price of $60.05, for a total transaction of $522,795.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,679,378 shares of company stock valued at $284,719,242. Company insiders own 0.97% of the company’s stock.

Seagate Technology stock opened at $61.42 on Thursday. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.01 and a current ratio of 1.51. Seagate Technology plc has a 52-week low of $39.02 and a 52-week high of $66.69. The firm has a 50 day moving average price of $62.31 and a two-hundred day moving average price of $52.54. The firm has a market cap of $15.78 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 11.24 and a beta of 1.22.

Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Thursday, October 22nd. The data storage provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.17. Seagate Technology had a net margin of 10.02% and a return on equity of 65.10%. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the business earned $1.03 EPS. The company’s revenue was down 10.2% compared to the same quarter last year. As a group, equities research analysts predict that Seagate Technology plc will post 4.4 EPS for the current fiscal year.

About Seagate Technology

Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. The company offers hard disk and solid state drives, including serial advanced technology attachment, serial attached SCSI, and non-volatile memory express products; solid state hybrid drives; and storage subsystems.

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Institutional Ownership by Quarter for Seagate Technology (NASDAQ:STX)



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