Top 5 Stocks to Invest In According to Jeffrey Ubben’s ValueAct Capital

1. Seagate Technology Holdings plc (NASDAQ: STX)

Ubben’s Stake Value: $1,766,111,000
Percentage of Jeffrey Ubben’s 13F Portfolio: 20.61%
Number of Hedge Fund Holders: 27 

Seagate Technology Holdings plc (NASDAQ: STX) stands first on our list of the top stocks to invest in according to Jeffrey Ubben’s ValueAct Capital. It is a data storage company. As of Q1 2021, ValueAct Capital owns over 23 million shares in Seagate Technology Holdings plc (NASDAQ: STX), worth $1.76 billion. 

The company recently boosted its Q4 guidance, now expecting EPS in between $1.70-2.00, compared to the previous guidance of $1.45-1.75. The consensus estimate of the EPS is $1.65.  Morgan Stanley rated the STX stock as ‘Overweight’ and increased its price target from $98 to $114. 

Alger, an investment management firm, published its Q4 2020 investor letter and mentioned Seagate Technology Holdings plc (NASDAQ: STX). Here is what the firm has to say: 

“Short exposure to Seagate Technology also detracted from performance. Seagate designs and manufactures data storage products and solutions, including hard disk drives, solid state hybrid drives, solid state drives and storage subsystems. We have been short the shares because the company’s hard drive business faces longer term secular challenges as hard disk drives are increasingly being replaced by solid state flash drives. Gaming consoles now use flash drives almost exclusively and more than 80% of notebook personal computers also use the technology. The economy’s cyclical pickup off the pandemic low, however, resulted in an uptick in hard disk drive demand in the retail, corporate desktop and video surveillance markets, which supported the performance of Seagate shares. As the price of Seagate shares increased, the short exposure detracted from the portfolio’s performance.”

You can also take a peek at 10 Best Stocks To Buy Now According To Quant Billionaires and 10 Best Stocks to Buy According to Billionaire Mason Hawkins.

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