Ensign Peak Advisors Inc Decreases Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Ensign Peak Advisors Inc reduced its holdings in Seagate Technology Holdings plc (NASDAQ:STX - Free Report) by 23.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 129,253 shares of the data storage provider's stock after selling 40,459 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.06% of Seagate Technology worth $11,156,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STX. Capital Research Global Investors increased its position in Seagate Technology by 56.5% in the 4th quarter. Capital Research Global Investors now owns 15,621,162 shares of the data storage provider's stock valued at $1,348,262,000 after acquiring an additional 5,640,443 shares during the period. Vanguard Group Inc. boosted its stake in shares of Seagate Technology by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 27,974,117 shares of the data storage provider's stock valued at $2,414,446,000 after purchasing an additional 1,814,821 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Seagate Technology in the 4th quarter valued at $77,341,000. National Pension Service bought a new stake in shares of Seagate Technology in the 4th quarter valued at $43,436,000. Finally, Los Angeles Capital Management LLC boosted its stake in shares of Seagate Technology by 176.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 741,592 shares of the data storage provider's stock valued at $64,007,000 after purchasing an additional 473,484 shares during the last quarter. 92.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO William D. Mosley sold 20,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $84.56, for a total transaction of $1,691,200.00. Following the completion of the sale, the chief executive officer now owns 555,677 shares in the company, valued at approximately $46,988,047.12. This trade represents a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.81% of the stock is currently owned by corporate insiders.

Seagate Technology Stock Performance

Shares of Seagate Technology stock traded up $0.36 during trading hours on Friday, reaching $107.79. The company's stock had a trading volume of 3,233,263 shares, compared to its average volume of 2,915,595. The stock's fifty day simple moving average is $84.56 and its two-hundred day simple moving average is $92.45. The company has a market capitalization of $22.87 billion, a P/E ratio of 19.71 and a beta of 1.32. Seagate Technology Holdings plc has a one year low of $63.19 and a one year high of $115.32.

Seagate Technology (NASDAQ:STX - Get Free Report) last announced its earnings results on Tuesday, April 29th. The data storage provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.75 by $0.15. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. Seagate Technology had a net margin of 14.67% and a negative return on equity of 63.48%. The firm's revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 earnings per share. As a group, research analysts forecast that Seagate Technology Holdings plc will post 6.83 earnings per share for the current year.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Wednesday, June 25th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $2.88 annualized dividend and a dividend yield of 2.67%. Seagate Technology's dividend payout ratio is currently 41.62%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on STX shares. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $120.00 price objective on shares of Seagate Technology in a research note on Wednesday, January 22nd. BNP Paribas Exane raised shares of Seagate Technology from an "underperform" rating to a "neutral" rating and set a $100.00 price objective on the stock in a research note on Friday. Rosenblatt Securities reaffirmed a "buy" rating and issued a $130.00 price objective on shares of Seagate Technology in a research note on Wednesday, April 30th. Morgan Stanley reduced their price objective on shares of Seagate Technology from $133.00 to $129.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Finally, Bank of America cut their target price on shares of Seagate Technology from $130.00 to $112.00 and set a "buy" rating on the stock in a research note on Thursday, March 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Seagate Technology currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.11.

Seagate Technology 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.