Seagate (STX -3.6%) +2.5% AH after the company discloses David Einhorn has increased his stake...

|About: Seagate Technology (STX)|By:, SA News Editor

Seagate (STX -3.6%) +2.5% AH after the company discloses David Einhorn has increased his stake to 23M shares, or about 5.4% of the company. According to his firm's latest 13-F, Einhorn's stake stood at 14.5M shares at the end of Q1. Seagate's low valuation (it trades at just 2.4x estimated FY13 EPS) likely has something to do with Einhorn's interest.