Everence Capital Management Inc. Lowers Stake in Seagate Technology Holdings plc (NASDAQ:STX)

Everence Capital Management Inc. lowered its position in shares of Seagate Technology Holdings plc (NASDAQ:STX) by 59.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,710 shares of the data storage provider’s stock after selling 6,830 shares during the quarter. Everence Capital Management Inc.’s holdings in Seagate Technology were worth $402,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of Seagate Technology in the fourth quarter worth $26,000. CVA Family Office LLC purchased a new position in shares of Seagate Technology in the fourth quarter worth $27,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Seagate Technology in the fourth quarter worth $28,000. Parkside Financial Bank & Trust lifted its holdings in shares of Seagate Technology by 85.4% in the third quarter. Parkside Financial Bank & Trust now owns 445 shares of the data storage provider’s stock worth $29,000 after buying an additional 205 shares in the last quarter. Finally, State of Wyoming purchased a new position in shares of Seagate Technology in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on STX shares. Rosenblatt Securities boosted their target price on shares of Seagate Technology from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. The Goldman Sachs Group upped their price target on shares of Seagate Technology from $65.00 to $84.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Morgan Stanley raised shares of Seagate Technology from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $73.00 to $115.00 in a research note on Tuesday, March 26th. Susquehanna upped their price target on shares of Seagate Technology from $50.00 to $55.00 and gave the company a “negative” rating in a research note on Wednesday, April 10th. Finally, Wedbush reaffirmed a “neutral” rating and set a $100.00 price target on shares of Seagate Technology in a research note on Thursday, January 25th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $86.67.

Seagate Technology Stock Performance

NASDAQ STX opened at $83.44 on Friday. The company’s 50-day moving average price is $89.61 and its 200-day moving average price is $81.98. Seagate Technology Holdings plc has a 12 month low of $54.32 and a 12 month high of $101.26.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings results on Wednesday, January 24th. The data storage provider reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.19. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.56 billion. As a group, equities research analysts expect that Seagate Technology Holdings plc will post 0.05 earnings per share for the current year.

Seagate Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend was Wednesday, March 20th. Seagate Technology’s payout ratio is presently -80.00%.

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.