Top 5 Stocks to Buy According to Jeff Ubben’s ValueAct Capital

2. Seagate Technology Holdings plc (NASDAQ: STX)

ValueAct’s Stake Value: $1,527,966,000
Percentage of ValueAct’s 13F Portfolio: 17.87%
Number of Hedge Fund Holders: 31

Seagate Technology Holdings plc (NASDAQ: STX) provides data storage technology and solutions. The company was founded in 1978, and it stands second on the list of top 10 stocks to buy according to Jeff Ubben’s ValueAct Capital. Shares of Seagate Technology Holdings plc (NASDAQ: STX) rallied 92.13% in the past 12 months.

On August 16, UBS analyst Timothy Arcuri upgraded Seagate Technology Holdings plc (NASDAQ: STX) to “Buy” from “Neutral” and gave a price target of $105, up from $83. On August 6, Seagate Technology Holdings plc (NASDAQ: STX) declared earnings for the fourth quarter of 2021. It reported earnings per share of $2.00, beating the market predictions by $0.12.

The stock is a new arrival on ValueAct Capital’s portfolio, as the hedge fund owns about 17.38 million shares of Seagate Technology Holdings plc (NASDAQ: STX), worth $1.53 billion. According to our database, the number of Seagate Technology Holdings plc’s (NASDAQ: STX) long hedge funds positions increased in the second quarter of 2021. There were 31 hedge funds that hold a position in Seagate Technology Holdings plc’s (NASDAQ: STX) compared to 27 funds in the first quarter of 2021.