Western Digital Co. (NASDAQ:WDC) Shares Purchased by APG Asset Management N.V.

APG Asset Management N.V. boosted its holdings in shares of Western Digital Co. (NASDAQ:WDC - Free Report) by 1,015.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 205,479 shares of the data storage provider's stock after acquiring an additional 187,050 shares during the period. APG Asset Management N.V. owned about 0.06% of Western Digital worth $11,833,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Western Digital by 32.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,131 shares of the data storage provider's stock valued at $2,691,000 after purchasing an additional 11,013 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Western Digital by 6.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 841,700 shares of the data storage provider's stock worth $50,191,000 after purchasing an additional 50,188 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Western Digital by 4.0% during the 4th quarter. Principal Financial Group Inc. now owns 390,826 shares of the data storage provider's stock worth $23,305,000 after purchasing an additional 15,189 shares during the last quarter. Ieq Capital LLC grew its position in Western Digital by 83.9% in the 4th quarter. Ieq Capital LLC now owns 31,634 shares of the data storage provider's stock valued at $1,886,000 after purchasing an additional 14,432 shares during the period. Finally, Handelsbanken Fonder AB raised its holdings in shares of Western Digital by 53.3% in the 4th quarter. Handelsbanken Fonder AB now owns 99,444 shares of the data storage provider's stock worth $5,930,000 after purchasing an additional 34,579 shares during the period. Hedge funds and other institutional investors own 92.51% of the company's stock.

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Insider Transactions at Western Digital

In related news, SVP Gene M. Zamiska sold 1,659 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $41.36, for a total transaction of $68,616.24. Following the sale, the senior vice president now owns 43,776 shares in the company, 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 is accessible through this hyperlink. Insiders own 0.30% of the company's stock.

Western Digital Stock Up 0.4 %

WDC stock traded up $0.13 during midday trading on Wednesday, reaching $36.06. The company had a trading volume of 1,558,522 shares, compared to its average volume of 6,327,592. Western Digital Co. has a 1 year low of $28.83 and a 1 year high of $81.55. The company has a current ratio of 1.99, a quick ratio of 1.26 and a debt-to-equity ratio of 0.60. The company has a 50 day moving average of $47.29 and a two-hundred day moving average of $59.47. The company has a market capitalization of $12.54 billion, a P/E ratio of 8.59 and a beta of 1.39.

Western Digital (NASDAQ:WDC - Get Free Report) last released its quarterly earnings results 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 net margin of 9.95% and a return on equity of 15.68%. On average, equities research analysts expect that Western Digital Co. will post 4.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WDC has been the subject of a number of recent analyst reports. Morgan Stanley initiated coverage on Western Digital in a report on Wednesday. They set an "overweight" rating and a $46.00 target price for the company. Barclays decreased their target price on Western Digital from $90.00 to $80.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Citigroup decreased their price objective on shares of Western Digital from $64.00 to $48.00 and set a "buy" rating for the company in a research note on Monday. UBS Group dropped their price objective on shares of Western Digital from $74.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Finally, Wedbush reissued an "underperform" rating on shares of Western Digital in a research report on Friday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $73.68.

About Western Digital

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.