Sanders Capital Reduces $4.0B in Seagate Technology Holdings plc ($STX)
Key Points
- Sanders Capital changed its Seagate Technology Holdings plc ($STX) stake by 24.9% last quarter, cutting to 12,897,201 shares worth $12.00 billion.
- Wall Street's consensus rating on $STX is Buy and an average price target of $885.91.
- $STX last traded around $930.49.
Sanders Capital reduced its position in Seagate Technology Holdings plc ($STX) by 24.9% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,897,201 shares of Seagate Technology Holdings plc after selling 4,283,691 shares during the quarter. Sanders Capital's holdings in Seagate Technology Holdings plc were worth $12.00 billion as of its most recent filing.
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About Seagate Technology Holdings plc
Seagate Technology Holdings plc engages in the provision of data storage technology and infrastructure solutions in Singapore, the United States, the Netherlands, and internationally. The company offers 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. It also offers legacy applications comprising Mission Critical HDDs and SSDs; external storage solutions under the Seagate Ultra Touch, One Touch, Expansion, and Basics product lines, as well as under the LaCie brand name; desktop drives for personal computers and workstation applications; notebook drives traditional notebooks, convertible systems, and external storage applications, DVR HDDs for video streaming applications, and gaming SSDs for gaming rigs. In addition, the company provides Lyve edge-to-cloud mass capacity platform, that includes modular hardware and software to support enterprises' on-premise and cloud storage infrastructure needs. It sells its products primarily to original equipment manufacturers, distributors, and retailers. The company was founded in 1978 and is based in Singapore.
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