58,400 Shares in Western Digital Co. (NASDAQ:WDC) Purchased by Mirabella Financial Services LLP

Mirabella Financial Services LLP purchased a new stake in Western Digital Co. (NASDAQ:WDC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 58,400 shares of the data storage provider's stock, valued at approximately $3,482,000.

Several other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Western Digital during the 4th quarter worth about $352,572,000. AMF Tjanstepension AB acquired a new position in shares of Western Digital during the fourth quarter worth approximately $94,181,000. Vanguard Group Inc. grew its stake in shares of Western Digital by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 42,459,767 shares of the data storage provider's stock valued at $2,531,876,000 after purchasing an additional 1,439,149 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Western Digital by 10.4% in the fourth quarter. Geode Capital Management LLC now owns 8,745,264 shares of the data storage provider's stock valued at $520,450,000 after purchasing an additional 823,656 shares in the last quarter. Finally, Parnassus Investments LLC raised its position in Western Digital by 24.5% in the 4th quarter. Parnassus Investments LLC now owns 2,980,047 shares of the data storage provider's stock worth $177,700,000 after purchasing an additional 586,924 shares during the last quarter. 92.51% of the stock is owned by institutional investors.

Western Digital Trading Up 2.5 %

Shares of NASDAQ:WDC opened at $36.51 on Friday. The firm has a market cap of $12.70 billion, a price-to-earnings ratio of 8.69 and a beta of 1.39. The company has a quick ratio of 1.26, a current ratio of 1.99 and a debt-to-equity ratio of 0.60. Western Digital Co. has a 12 month low of $28.83 and a 12 month high of $81.55. The company's fifty day simple moving average is $45.41 and its 200 day simple moving average is $58.82.

Western Digital (NASDAQ:WDC - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The data storage provider reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.36). Western Digital had a return on equity of 15.68% and a net margin of 9.95%. As a group, research analysts forecast that Western Digital Co. will post 4.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WDC has been the subject of several research reports. Robert W. Baird lowered their target price on Western Digital from $100.00 to $80.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Citigroup dropped their price objective on Western Digital from $64.00 to $48.00 and set a "buy" rating for the company in a report on Monday, April 14th. Rosenblatt Securities reduced their target price on shares of Western Digital from $115.00 to $95.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Benchmark upgraded shares of Western Digital from a "hold" rating to a "buy" rating and set a $55.00 price target for the company in a research report on Thursday, April 10th. Finally, Bank of America cut their price objective on shares of Western Digital from $89.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $73.68.

Insider Buying and Selling

In other news, SVP Gene M. Zamiska sold 1,659 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $41.36, for a total value of $68,616.24. Following the completion of the sale, the senior vice president now owns 43,776 shares of the company's stock, valued at approximately $1,810,575.36. This represents a 3.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

Western Digital Company Profile

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications.

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