SanDisk Corporation (SNDK), Hewlett-Packard Company (HPQ), and AOL, Inc. (AOL) Among David Cohen and Harold Levy’s Favorite Tech Picks

Seagate Technology PLC (NASDAQ:STX) is another storage devices producer in the 13F portfolio of Iridian Asset Management, with the fund owning 4.28 million shares of the company, which have a market value of $222.76 million as of the reporting period. Seagate Technology PLC (NASDAQ:STX) has a P/E ratio of 9.77 and a relatively high dividend yield of 3.60% in comparison with SanDisk Corporation (NASDAQ:SNDK). Fiscal third quarter 2015 revenue for the company was recently reported as $3.33 billion, slightly lower than the revenue of $3.41 billion from the same quarter last year. The company also reported net income of $291 million for the quarter, which was 9% lower than the previous year’s fiscal third quarter. After Iridian Asset Management, Jean-Marie Eveillard’s First Eagle Investment Management held the second largest position in Seagate Technology PLC (NASDAQ:STX) with its investment of 2.80 million shares.

AOL, Inc. (NYSE:AOL) is another top tech pick in the equity portfolio of Iridian Asset Management, the holding being valued at $214.25 million and being comprised of 5.41 million shares. Iridian Asset Management increased its position in the company by 6% during the first quarter of 2015. AOL increased its first quarter revenue to $625.1 million in 2015 from $583.3 million in 2014. AOL, Inc. (NYSE:AOL) achieved strong revenue growth in video, mobile, programmatic and native advertising segments. Yesterday, Verizon Communications Inc. (NYSE:VZ) announced that it will purchase AOL, Inc. (NYSE:AOL) for $4.4 billion, or $50 per share, with the deal expected to be completed this summer. D.E. Shaw and Jean-Marie Eveillard’s First Eagle Investment Management were also major investors of AOL, and stand to benefit greatly from the stock’s nearly 19% pop yesterday.

Disclosure: None