Mercer Global Advisors Inc. ADV Has $2.96 Million Stock Holdings in Seagate Technology Holdings plc (NASDAQ:STX)

Mercer Global Advisors Inc. ADV grew its position in Seagate Technology Holdings plc (NASDAQ:STX) by 0.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,646 shares of the data storage provider’s stock after buying an additional 183 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Seagate Technology were worth $2,958,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Jump Financial LLC bought a new stake in shares of Seagate Technology in the fourth quarter worth about $226,000. UBS Group AG increased its stake in Seagate Technology by 29.9% during the 4th quarter. UBS Group AG now owns 495,150 shares of the data storage provider’s stock worth $42,271,000 after purchasing an additional 113,886 shares in the last quarter. Coldstream Capital Management Inc. acquired a new stake in Seagate Technology during the 4th quarter worth approximately $211,000. Corient Private Wealth LLC lifted its stake in Seagate Technology by 5.0% in the fourth quarter. Corient Private Wealth LLC now owns 21,696 shares of the data storage provider’s stock valued at $1,852,000 after buying an additional 1,030 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Seagate Technology by 3.0% in the fourth quarter. US Bancorp DE now owns 17,757 shares of the data storage provider’s stock valued at $1,516,000 after buying an additional 519 shares during the period. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

NASDAQ STX opened at $104.74 on Monday. The stock has a market cap of $21.99 billion, a PE ratio of -81.19 and a beta of 1.03. The firm has a 50-day moving average of $101.15 and a 200-day moving average of $96.54. Seagate Technology Holdings plc has a 52-week low of $63.32 and a 52-week high of $113.57.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, July 23rd. The data storage provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.29. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Seagate Technology had a negative return on equity of 8.41% and a net margin of 5.11%. The business’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.29) earnings per share. As a group, analysts predict that Seagate Technology Holdings plc will post 6.72 EPS for the current fiscal year.

Seagate Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, September 23rd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Monday, September 23rd. Seagate Technology’s dividend payout ratio is currently -217.05%.

Analysts Set New Price Targets

STX has been the topic of a number of research analyst reports. Loop Capital raised their price objective on shares of Seagate Technology from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. StockNews.com lowered Seagate Technology from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Bank of America reiterated a “buy” rating and set a $110.00 price objective on shares of Seagate Technology in a report on Wednesday, June 5th. Susquehanna boosted their target price on Seagate Technology from $55.00 to $65.00 and gave the company a “negative” rating in a research note on Wednesday, July 24th. Finally, Robert W. Baird raised their price target on shares of Seagate Technology from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Seagate Technology has an average rating of “Hold” and an average target price of $115.94.

Insider Activity

In other Seagate Technology news, EVP Ban Seng Teh sold 10,117 shares of Seagate Technology stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $110.00, for a total value of $1,112,870.00. Following the completion of the sale, the executive vice president now owns 5,387 shares in the company, valued at approximately $592,570. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Yolanda Lee Conyers sold 750 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $96.10, for a total value of $72,075.00. Following the completion of the transaction, the director now owns 3,034 shares of the company’s stock, valued at $291,567.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Ban Seng Teh sold 10,117 shares of the stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $110.00, for a total transaction of $1,112,870.00. Following the sale, the executive vice president now owns 5,387 shares in the company, valued at $592,570. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,627 shares of company stock valued at $5,489,495. 0.89% of the stock is owned by company insiders.

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.