KLP Kapitalforvaltning AS Acquires 2,200 Shares of Seagate Technology Holdings PLC $STX

KLP Kapitalforvaltning AS increased its stake in Seagate Technology Holdings PLC by 2.9% in the fourth quarter, purchasing an additional 2,200 shares to own a total of 78,895 shares valued at approximately $21.785 million. This comes as multiple analysts have raised their ratings and price targets for STX, leading to a consensus “Moderate Buy” rating with an average target of $514.13. Seagate recently beat quarterly EPS estimates and saw a 21.5% revenue increase, though concerns remain regarding its valuation, high debt-to-equity ratio, and recent insider selling.

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