Asset Management One Co. Ltd. boosted its position in Western Digital Co. (NASDAQ:WDC - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 137,360 shares of the data storage provider's stock after buying an additional 5,159 shares during the period. Asset Management One Co. Ltd.'s holdings in Western Digital were worth $8,338,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Eastern Bank acquired a new position in shares of Western Digital in the 3rd quarter valued at about $27,000. Versant Capital Management Inc raised its position in Western Digital by 278.9% during the fourth quarter. Versant Capital Management Inc now owns 413 shares of the data storage provider's stock valued at $25,000 after acquiring an additional 304 shares in the last quarter. True Wealth Design LLC lifted its holdings in Western Digital by 2,184.2% in the third quarter. True Wealth Design LLC now owns 434 shares of the data storage provider's stock valued at $30,000 after acquiring an additional 415 shares during the period. Comprehensive Financial Planning Inc. PA acquired a new position in Western Digital in the fourth quarter valued at approximately $30,000. Finally, Capital Performance Advisors LLP purchased a new stake in Western Digital in the 3rd quarter worth approximately $41,000. Institutional investors and hedge funds own 92.51% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the stock. Rosenblatt Securities decreased their target price on shares of Western Digital from $115.00 to $95.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. The Goldman Sachs Group upped their price objective on shares of Western Digital from $70.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Morgan Stanley dropped their target price on Western Digital from $100.00 to $93.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. BNP Paribas reduced their price target on Western Digital from $95.00 to $90.00 in a report on Thursday, October 24th. Finally, Susquehanna lowered their price target on Western Digital from $83.00 to $72.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Western Digital currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.42.
Read Our Latest Stock Analysis on Western Digital
Insider Transactions at Western Digital
In other news, SVP Gene M. Zamiska sold 658 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $69.99, for a total transaction of $46,053.42. Following the completion of the sale, the senior vice president now owns 28,863 shares in the company, valued at $2,020,121.37. This trade represents a 2.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.30% of the company's stock.
Western Digital Price Performance
WDC stock traded down $2.58 during mid-day trading on Friday, reaching $68.71. The company's stock had a trading volume of 9,049,641 shares, compared to its average volume of 6,672,517. The stock has a market cap of $23.90 billion, a PE ratio of 16.36 and a beta of 1.44. The company's 50 day moving average is $64.78 and its two-hundred day moving average is $65.54. Western Digital Co. has a fifty-two week low of $52.77 and a fifty-two week 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.
Western Digital (NASDAQ:WDC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The data storage provider reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.91 by ($0.36). Western Digital had a return on equity of 15.68% and a net margin of 9.95%. Equities research analysts expect that Western Digital Co. will post 4.89 EPS for the current year.
Western Digital Profile
(
Free Report)
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.
See Also
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