Cibc World Markets Corp Acquires 5,392 Shares of Seagate Technology Holdings plc (NASDAQ:STX)

Cibc World Markets Corp raised its holdings in Seagate Technology Holdings plc (NASDAQ:STX) by 19.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,305 shares of the data storage provider’s stock after purchasing an additional 5,392 shares during the period. Cibc World Markets Corp’s holdings in Seagate Technology were worth $2,875,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Choate Investment Advisors boosted its holdings in Seagate Technology by 5.8% in the 4th quarter. Choate Investment Advisors now owns 3,998 shares of the data storage provider’s stock valued at $345,000 after purchasing an additional 219 shares during the period. Picton Mahoney Asset Management lifted its holdings in shares of Seagate Technology by 16.6% during the 4th quarter. Picton Mahoney Asset Management now owns 22,850 shares of the data storage provider’s stock worth $1,973,000 after acquiring an additional 3,250 shares during the period. LBP AM SA lifted its holdings in shares of Seagate Technology by 211.1% during the 4th quarter. LBP AM SA now owns 118,238 shares of the data storage provider’s stock worth $10,205,000 after acquiring an additional 80,227 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Seagate Technology by 0.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 86,757 shares of the data storage provider’s stock worth $7,488,000 after acquiring an additional 381 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Seagate Technology by 28.6% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 126,147 shares of the data storage provider’s stock worth $10,916,000 after acquiring an additional 28,045 shares during the period. Institutional investors own 92.87% of the company’s stock.

Seagate Technology Stock Performance

Shares of NASDAQ STX opened at $88.38 on Friday. Seagate Technology Holdings plc has a 52-week low of $82.31 and a 52-week high of $115.32. The firm has a 50 day moving average price of $96.33 and a two-hundred day moving average price of $98.84. The stock has a market cap of $18.71 billion, a P/E ratio of 16.16 and a beta of 1.01.

Seagate Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Wednesday, March 19th. Seagate Technology’s dividend payout ratio (DPR) is currently 52.65%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Susquehanna upped their price target on shares of Seagate Technology from $65.00 to $68.00 and gave the stock a “negative” rating in a report on Wednesday, January 22nd. Wedbush reaffirmed an “outperform” rating and set a $150.00 price target on shares of Seagate Technology in a report on Wednesday, January 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $120.00 price target on shares of Seagate Technology in a report on Wednesday, January 22nd. Citigroup lowered their price objective on shares of Seagate Technology from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Barclays upped their price objective on shares of Seagate Technology from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Seagate Technology currently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

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.