Crossmark Global Holdings Inc. boosted its position in shares of Seagate Technology PLC (NASDAQ:STX) by 1,268.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,720 shares of the data storage provider’s stock after buying an additional 192,540 shares during the period. Crossmark Global Holdings Inc.’s holdings in Seagate Technology were worth $11,173,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Covington Capital Management purchased a new stake in shares of Seagate Technology in the second quarter valued at approximately $26,000. Front Row Advisors LLC grew its position in shares of Seagate Technology by 91.0% in the first quarter. Front Row Advisors LLC now owns 573 shares of the data storage provider’s stock valued at $28,000 after purchasing an additional 273 shares in the last quarter. CWM LLC grew its position in shares of Seagate Technology by 61.3% in the second quarter. CWM LLC now owns 789 shares of the data storage provider’s stock valued at $37,000 after purchasing an additional 300 shares in the last quarter. HM Payson & Co. purchased a new stake in shares of Seagate Technology in the second quarter valued at approximately $38,000. Finally, Quantamental Technologies LLC purchased a new stake in shares of Seagate Technology in the second quarter valued at approximately $39,000. Institutional investors own 85.15% of the company’s stock.
A number of equities research analysts have recently issued reports on the company. Mizuho upped their price target on Seagate Technology from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Barclays increased their price objective on Seagate Technology from $37.00 to $40.00 and gave the stock an “underweight” rating in a research report on Friday, September 20th. Susquehanna Bancshares lowered their price objective on Seagate Technology from $34.00 to $32.00 and set a “sell” rating for the company in a research report on Monday, September 23rd. Goldman Sachs Group set a $37.00 price objective on Seagate Technology and gave the stock a “sell” rating in a research report on Sunday, July 21st. Finally, Morgan Stanley reiterated a “buy” rating and issued a $60.00 price objective on shares of Seagate Technology in a research report on Monday, September 23rd. Six analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Seagate Technology has an average rating of “Hold” and an average price target of $48.10.
Seagate Technology stock traded up $0.96 during mid-day trading on Wednesday, hitting $52.17. The company’s stock had a trading volume of 991,230 shares, compared to its average volume of 3,146,719. The company has a current ratio of 1.95, a quick ratio of 1.52 and a debt-to-equity ratio of 1.97. The stock’s fifty day moving average is $52.02 and its two-hundred day moving average is $47.94. Seagate Technology PLC has a 1 year low of $35.38 and a 1 year high of $57.20. The firm has a market capitalization of $13.53 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 9.58 and a beta of 1.64.
Seagate Technology (NASDAQ:STX) last released its quarterly earnings results on Friday, August 2nd. The data storage provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. Seagate Technology had a return on equity of 72.07% and a net margin of 19.36%. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the prior year, the firm earned $1.62 earnings per share. The firm’s revenue was down 16.4% compared to the same quarter last year. On average, equities analysts expect that Seagate Technology PLC will post 4.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Wednesday, September 25th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend is Tuesday, September 24th. Seagate Technology’s dividend payout ratio (DPR) is 52.28%.
In other Seagate Technology news, Director Stephen J. Luczo sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $55.29, for a total transaction of $276,450.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey D. Nygaard sold 12,000 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $53.78, for a total value of $645,360.00. Following the transaction, the executive vice president now owns 31,985 shares in the company, valued at $1,720,153.30. The disclosure for this sale can be found here. Insiders have sold 132,000 shares of company stock worth $7,013,610 over the last 90 days. 1.12% of the stock is owned by insiders.
About Seagate Technology
Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It manufactures and distributes hard disk drives; solid state drives (SSDs), including serial attached small computer system interface and non-volatile memory express SSDs; solid state hybrid drives; and storage subsystems.
Further Reading: What is a Special Dividend?
Want to see what other hedge funds are holding STX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seagate Technology PLC (NASDAQ:STX).
Receive News & Ratings for Seagate Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seagate Technology and related companies with MarketBeat.com's FREE daily email newsletter.