Will Seagate’s Institutional Investors Buy More Shares After Deal Growth?

For the year-to-date, Seagate Technology’s (NASDAQ:STX) shares are up 60.91 percent. On Wednesday, the hard-drive maker announced it is purchasing LaCie SA, the French consumer storage products company in a 146 million EUR ($186 million) deal. Seagate said the transaction will advance its growth in the expanding consumer-storage market, notably in Japan and Europe, reported Bloomberg.

Seagate will take a controlling interest in LaCie through the purchase of Chairman and CEO Philippe Spruch and his affiliate’s shares. This represents 64.5 percent of LaCie’s outstanding shares. Spruch plans to join Seagate and after the deal’s close, will serve as the leader of the company’s consumer-storage products group.

With the acquisition announcement, will the company’s largest shareholders increase their holdings? 444 institutional firms indicated owning shares of Seagate Technology. (NASDAQ:STX) in Q1 2012. These firms reported owning a total of 306.897 million shares on 03/31/2012 . The shares closed at $26.73 on 03/31/2012.

Here are the ten largest positions in Seagate Technology. at the end of March 31st, 2012.

FMR LLC held 33,542,811 shares on 03/31/2012 worth $904,314,154. This brought the portfolio total to 0.16%.

Clearbridge Advisors LLC held 20,984,499 shares on 03/31/2012 worth $565,742,074. This brought the portfolio total to 1.06%.

Vanguard Group Inc held 16,247,037 shares on 03/31/2012 worth $438,020,103. This brought the portfolio total to 0.06%.

Greenlight Capital Inc held 14,538,126 shares on 03/31/2012 worth $391,947,864. This brought the portfolio total to 7.07%.

Lsv Asset Management held 12,493,877 shares on 03/31/2012 worth $336,834,912. This brought the portfolio total to 0.95%.

Jat Capital Management L.P. held 8,982,916 shares on 03/31/2012 worth $242,179,407. This brought the portfolio total to 9.02%.

Robeco Investment Management Inc. held 8,149,939 shares on 03/31/2012 worth $219,722,348. This brought the portfolio total to 0.91%.

Iridian Asset Management LLC/CT held 8,113,151 shares on 03/31/2012 worth $218,730,544. This brought the portfolio total to 3.72%.

Morgan Stanley held 7,527,256 shares on 03/31/2012 worth $202,934,815. This brought the portfolio total to 0.11%.

Invesco Ltd. held 7,123,357 shares on 03/31/2012 worth $192,045,698. This brought the portfolio total to 0.1%.

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