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ValueAct Capital Raises Stake in Seagate Technology (STX) to 7.2% - 13D

August 11, 2017 6:51 AM EDT

In a 13D filing on Seagate Technology (NASDAQ: STX), hedge fund ValueAct Capital disclosed a 7.2%, or 21,000,000 share, stake in the company. This is up 120.14% from the 9,539,490 shares held at the end of the latest quarter.

(c) The following table sets forth all transactions with respect to 
shares of Common Stock effected in the previous sixty days to this Schedule
13D by the Reporting Persons, inclusive of any transactions effected through
4:00 p.m., New York City time, on August 10, 2017. Except as otherwise noted
below, all such transactions were purchases (or sales) of shares of Common
Stock effected in the open market.

Reporting Person Trade Date Buy/Sell Shares Price/Share
---------------- ---------- -------- -------- -----------
ValueAct Master Fund 7/28/2017 Buy 500,000 $32.28(1)
ValueAct Master Fund 7/31/2017 Buy 1,000,000 $32.90(2)
ValueAct Master Fund 8/1/2017 Buy 700,000 $33.16(3)
ValueAct Master Fund 8/2/2017 Buy 1,000,000 $33.22(4)
ValueAct Master Fund 8/3/2017 Buy 454,235 $33.49(5)
ValueAct Master Fund 8/4/2017 Buy 1,215,000 $33.48(6)
ValueAct Master Fund 8/7/2017 Buy 900,000 $33.45(7)
ValueAct Master Fund 8/8/2017 Buy 1,125,000 $33.23(8)
ValueAct Master Fund 8/9/2017 Buy 290,000 $32.67


For more notable holders of Seagate Technology stock click here. For more information on ValueAct Capital click here.



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ValueAct Capital, LLC, Jeffrey W. Ubben, 13D