Capital Research Global Investors Discloses Significant Seagate Stake

Ticker: STX · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 1137789

Complexity: simple

Sentiment: bullish

Topics: institutional-ownership, investor-confidence, SC-13G

Related Tickers: STX

TL;DR

**Big institutional investor just revealed a significant stake in Seagate, bullish signal!**

AI Summary

Capital Research Global Investors, a Delaware-based investment firm, filed an SC 13G on February 9, 2024, disclosing its beneficial ownership in Seagate Technology Holdings plc (NASDAQ: STX). This filing indicates that as of December 29, 2023, Capital Research Global Investors holds a significant stake in Seagate, signaling a notable institutional investment. This matters to investors because large institutional holdings can provide stability and a vote of confidence in the company's future, potentially influencing stock performance.

Why It Matters

This filing reveals a major institutional investor's confidence in Seagate Technology Holdings plc, which can be a positive signal for current and prospective shareholders.

Risk Assessment

Risk Level: low — This filing indicates a large institutional investment, generally seen as a positive sign of confidence, thus posing low risk.

Analyst Insight

A smart investor would view this as a positive signal, potentially indicating institutional confidence in Seagate's future, and might consider further research into Seagate's fundamentals or increasing their position.

Key Players & Entities

Forward-Looking Statements

FAQ

Who filed this SC 13G statement?

The SC 13G statement was filed by Capital Research Global Investors, an entity organized in Delaware with IRS Identification No. 95-1411037.

What is the subject company of this filing?

The subject company is Seagate Technology Holdings plc, identified by CIK 0001137789 and CUSIP Number G7997R103.

What was the date of the event that triggered this filing?

The date of the event which required the filing of this statement was December 29, 2023.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'X' in the appropriate box.

What is the business address of the reporting person, Capital Research Global Investors?

The business address for Capital Research Global Investors is 333 South Hope Street, 55th FL, Los Angeles, CA 90071.

Filing Stats: 1,038 words · 4 min read · ~3 pages · Grade level 8.6 · Accepted 2024-02-09 17:46:32

Filing Documents

From the Filing

SC 13G 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _ ) * Seagate Technology Holdings PLC (Name of Issuer) Common Stock (Title of Class of Securities) G7997R103 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. G7997R103 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Capital Research Global Investors 95-1411037 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 16,614,884 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 16,614,884 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 16,614,884 Beneficial ownership disclaimed pursuant to Rule 13d-4 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.9% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Seagate Technology Holdings PLC (b) Address of Issuer's Principal Executive Offices , 38/39 Fitzwilliam Square Dublin 2, DUBLIN D02 NX53, IRELAND Item 2. (a) Name of Person Filing Capital Research Global Investors (b) Address of Principal Business Office or, if None, Residence 333 South Hope Street, 55th Fl, Los Angeles, CA 90071 (c) Citizenship N/A (d) Title of Class of Securities Common Stock (e) CUSIP Number G7997R103 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 16,614,884 ** (b) Percent of Class: 7.9% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 16,614,884 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 16,614,884 (iv) shared power to dispose or to direct the disposition of 0 **Capital Research Global Investors ("CRGI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CRGI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital Research Global Investors." CRGI is deemed to be the beneficial owner of 16,614,884 shares or 7.9% of the 209,183,986 shares believed to be outstanding. Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting

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