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ValueAct Holdings reduced stake in Seagate Technology PLC

Stock Markets1 hour ago (Mar 05, 2021 05:30PM ET)

(C) Reuters. ValueAct Holdings reduced stake in Seagate Technology PLC

On the 3rd of March, ValueAct Holdings sold 4.7 million Seagate Technology PLC (STX) shares for $338 million at an average price of $72.75 per share.
Shares of Seagate Technology PLC are down -21.16% since the transaction.

ValueAct Holdings’s holding in Seagate Technology PLC decreased to about 3.1 million shares with the transaction.

ValueAct Holdings first bought Seagate Technology PLC stock in the second quarter of 2016.

Other investors who also reduced their Seagate Technology PLC shares include California State Teachers Retirement System, Citigroup (NYSE:C), and the T. Rowe Price Equity Income Fund.
In contrast, Eaton Vance (NYSE:EV) Management, NWQ Investment Management Co., and Parnassus Investments added to STX shares, while Cohen & Steers (NYSE:CNS) Inc., Schafer Cullen Capital Management, and Waddell & Reed (NYSE:WDR) Financial introduced STX shares to their portfolio.

ValueAct Holdings reduced stake in Seagate Technology PLC

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