CIBC Asset Management Inc Has $24.82 Million Stock Holdings in Seagate Technology Holdings PLC $STX

CIBC Asset Management Inc lifted its stake in Seagate Technology Holdings PLC (NASDAQ:STX) by 165.9% during the fourth quarter, HoldingsChannel reports. The fund owned 90,130 shares of the data storage provider’s stock after purchasing an additional 56,233 shares during the quarter. CIBC Asset Management Inc’s holdings in Seagate Technology were worth $24,821,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Marble Wealth LLC acquired a new position in shares of Seagate Technology in the fourth quarter worth $1,790,000. Bank of New York Mellon Corp increased its stake in shares of Seagate Technology by 18.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,241,951 shares of the data storage provider’s stock worth $342,021,000 after acquiring an additional 196,123 shares during the last quarter. Natixis Advisors LLC increased its position in Seagate Technology by 15.3% during the fourth quarter. Natixis Advisors LLC now owns 155,007 shares of the data storage provider’s stock worth $42,688,000 after buying an additional 20,524 shares during the last quarter. AXQ Capital LP increased its position in Seagate Technology by 78.6% during the fourth quarter. AXQ Capital LP now owns 3,174 shares of the data storage provider’s stock worth $874,000 after buying an additional 1,397 shares during the last quarter. Finally, Fielder Capital Group LLC increased its position in Seagate Technology by 2.7% during the fourth quarter. Fielder Capital Group LLC now owns 1,217 shares of the data storage provider’s stock worth $335,000 after buying an additional 32 shares during the last quarter. 92.87% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO William D. Mosley sold 30,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $751.29, for a total transaction of $22,538,700.00. Following the completion of the transaction, the chief executive officer owned 339,591 shares of the company’s stock, valued at approximately $255,131,322.39. The trade was a 8.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gianluca Romano sold 22,488 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $774.22, for a total value of $17,410,659.36. Following the transaction, the chief financial officer directly owned 42,847 shares of the company’s stock, valued at $33,173,004.34. This represents a 34.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 154,187 shares of company stock worth $107,340,021 over the last quarter. 0.79% of the stock is currently owned by company insiders.

Seagate Technology Trading Up 1.5%

Shares of NASDAQ:STX opened at $940.69 on Thursday. The company has a market cap of $210.93 billion, a P/E ratio of 89.25 and a beta of 2.04. The stock’s 50-day moving average is $642.80 and its 200-day moving average is $446.76. Seagate Technology Holdings PLC has a 52-week low of $123.73 and a 52-week high of $966.80. The company has a debt-to-equity ratio of 3.16, a quick ratio of 0.85 and a current ratio of 1.33.

Seagate Technology (NASDAQ:STX) last posted its quarterly earnings data on Tuesday, April 28th. The data storage provider reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.59. Seagate Technology had a return on equity of 1,005.65% and a net margin of 21.60%.The business had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter in the previous year, the firm earned $1.90 EPS. The firm’s revenue was up 44.1% compared to the same quarter last year. Seagate Technology has set its Q4 2026 guidance at 4.800-5.200 EPS. Equities research analysts predict that Seagate Technology Holdings PLC will post 14.1 earnings per share for the current year.

Seagate Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, June 24th will be given a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 24th. Seagate Technology’s payout ratio is currently 28.08%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. BNP Paribas Exane increased their target price on shares of Seagate Technology from $530.00 to $860.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Susquehanna increased their target price on shares of Seagate Technology from $485.00 to $615.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Evercore increased their target price on shares of Seagate Technology from $750.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Argus increased their target price on shares of Seagate Technology from $450.00 to $750.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Sanford C. Bernstein increased their target price on shares of Seagate Technology from $620.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and a consensus price target of $772.04.

Key Seagate Technology News

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: Citigroup raised its price target on Seagate Technology Holdings PLC (STX) to $1,150 and reiterated a Buy rating, which is likely helping fuel the stock’s recent strength. Article Title
• Positive Sentiment: Seagate also reached a $175 million settlement over Huawei-related shareholder claims, which may reduce a lingering legal overhang and improve sentiment. Article Title
• Positive Sentiment: A Forbes piece highlighted Seagate as a data-storage name making new records, reflecting continued momentum in the stock after strong earnings and guidance. Article Title
• Neutral Sentiment: Seagate presented at Bank of America’s 2026 Global Technology Conference, but no major new operational update was included in the transcript. Article Title
• Negative Sentiment: Multiple insiders, including CEO William D. Mosley and directors Yolanda Lee Conyers and Prat Bhatt, sold shares in pre-arranged transactions. These sales were likely routine, but they can still temper enthusiasm at elevated share prices.

About Seagate Technology

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.