Cibc World Market Inc. Decreases Stock Holdings in Seagate Technology Holdings PLC $STX

Posted by ABMN Staff on Jun 7th, 2026

Cibc World Market Inc. decreased its holdings in Seagate Technology Holdings PLC (NASDAQ:STX – Free Report) by 35.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,514 shares of the data storage provider’s stock after selling 20,944 shares during the quarter. Cibc World Market Inc.’s holdings in Seagate Technology were worth $10,606,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Gateway Investment Advisers LLC raised its position in Seagate Technology by 1.8% in the 4th quarter. Gateway Investment Advisers LLC now owns 1,399 shares of the data storage provider’s stock worth $385,000 after buying an additional 25 shares during the last quarter. Trajan Wealth LLC increased its position in shares of Seagate Technology by 1.9% during the 4th quarter. Trajan Wealth LLC now owns 1,325 shares of the data storage provider’s stock valued at $365,000 after purchasing an additional 25 shares during the last quarter. EWA LLC increased its position in shares of Seagate Technology by 2.1% during the 4th quarter. EWA LLC now owns 1,370 shares of the data storage provider’s stock valued at $377,000 after purchasing an additional 28 shares during the last quarter. SVB Wealth LLC increased its position in shares of Seagate Technology by 0.9% during the 4th quarter. SVB Wealth LLC now owns 3,347 shares of the data storage provider’s stock valued at $922,000 after purchasing an additional 29 shares during the last quarter. Finally, Fielder Capital Group LLC increased its position in shares of Seagate Technology by 2.7% during the 4th quarter. Fielder Capital Group LLC now owns 1,217 shares of the data storage provider’s stock valued at $335,000 after purchasing an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Insider Buying and Selling

In other Seagate Technology news, CFO Gianluca Romano sold 22,488 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer directly owned 42,847 shares in the company, valued at $33,173,004.34. This represents a 34.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ban Seng Teh sold 8,003 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $817.28, for a total value of $6,540,691.84. Following the completion of the transaction, the executive vice president owned 3,691 shares of the company’s stock, valued at $3,016,580.48. The trade was a 68.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 155,187 shares of company stock valued at $108,267,701. Insiders own 0.79% of the company’s stock.

Seagate Technology Trading Down 8.5%

Shares of NASDAQ:STX opened at $847.47 on Friday. The stock has a 50 day moving average of $661.50 and a 200 day moving average of $454.23. The company has a market cap of $190.03 billion, a PE ratio of 80.41 and a beta of 2.04. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 3.16. Seagate Technology Holdings PLC has a 12-month low of $124.63 and a 12-month high of $966.80.

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

Seagate Technology Dividend Announcement

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

Analysts Set New Price Targets

STX has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Seagate Technology in a research report on Friday, March 27th. Loop Capital upped their price target on shares of Seagate Technology from $950.00 to $1,140.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Citigroup upped their price target on shares of Seagate Technology from $740.00 to $1,150.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Argus upped their price target on shares of Seagate Technology from $450.00 to $750.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Cantor Fitzgerald upped their price target on shares of Seagate Technology from $700.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $772.04.

Get Our Latest Stock Analysis on STX

More Seagate Technology News

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

Positive Sentiment: Several recent articles and analyst notes highlighted Seagate as a beneficiary of surging AI storage demand, data-center buildout, and tighter industry supply, which has helped improve the investment case and lift price targets. Zacks Analyst Blog Highlights Micron, Sandisk, Seagate, Dell and Comfort Systems
Positive Sentiment: Analysts are increasingly framing STX as an AI-storage winner, with one recent report saying fair value estimates were reset higher as investors price in stronger demand for higher-capacity drives and improved industry discipline. How The Seagate (STX) Investment Story Is Shifting With AI Storage Demand And New Targets
Positive Sentiment: Seagate was also included in a “buy these growth stocks” theme around massive AI infrastructure spending, reinforcing investor optimism tied to the company’s storage exposure. Buy These 5 Growth Stocks in June Amid Massive AI Infrastructure Boost
Positive Sentiment: Recent coverage also noted that Seagate’s quarterly results beat expectations and the company raised guidance, which continues to support the bullish narrative around earnings momentum. Shankar Arumugavelu Sells 1,000 Shares of Seagate Technology (NASDAQ:STX) Stock
Neutral Sentiment: A director sold 1,000 shares at $927.68, a transaction that is not huge in size but can still modestly weigh on sentiment because it comes after a strong run in the stock. Shankar Arumugavelu Sells 1,000 Shares of Seagate Technology (NASDAQ:STX) Stock
Neutral Sentiment: Broader memory-chip weakness in peers like Micron and SanDisk suggests some cooling in the sector after a sharp run-up, which could spill over into Seagate even though its fundamentals remain strong. Memory-Chip Stocks Micron, Sandisk Get Their Wings Clipped

Seagate Technology Profile

(Free Report)

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.