Aviva PLC lifted its position in shares of Western Digital Co. (NASDAQ:WDC - Free Report) by 153.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 206,685 shares of the data storage provider's stock after purchasing an additional 125,251 shares during the period. Aviva PLC owned about 0.06% of Western Digital worth $12,325,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Resona Asset Management Co. Ltd. acquired a new stake in Western Digital in the fourth quarter valued at $6,089,000. Westpac Banking Corp increased its stake in shares of Western Digital by 75.3% in the fourth quarter. Westpac Banking Corp now owns 1,776 shares of the data storage provider's stock valued at $106,000 after buying an additional 763 shares during the period. Bryce Point Capital LLC bought a new position in shares of Western Digital during the fourth quarter worth about $510,000. Ardmore Road Asset Management LP acquired a new position in shares of Western Digital in the fourth quarter worth approximately $8,944,000. Finally, Huntington National Bank boosted its holdings in Western Digital by 22.5% in the fourth quarter. Huntington National Bank now owns 1,588 shares of the data storage provider's stock valued at $95,000 after acquiring an additional 292 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have issued reports on WDC. Barclays lowered their price target on shares of Western Digital from $90.00 to $80.00 and set an "overweight" rating for the company in a report on Friday, January 17th. UBS Group lowered their target price on shares of Western Digital from $74.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Bank of America cut their price target on shares of Western Digital from $89.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Mizuho lowered their price objective on Western Digital from $82.00 to $68.00 and set an "outperform" rating for the company in a research report on Thursday. Finally, Susquehanna cut their target price on Western Digital from $72.00 to $40.00 and set a "neutral" rating on the stock in a research report on Friday. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $77.00.
Get Our Latest Analysis on WDC
Western Digital Stock Down 1.3 %
Shares of NASDAQ:WDC traded down $0.47 during mid-day trading on Friday, hitting $34.40. 8,653,199 shares of the company traded hands, compared to its average volume of 6,329,214. The stock has a 50-day moving average price of $48.44 and a two-hundred day moving average price of $59.87. Western Digital Co. has a 12-month low of $28.83 and a 12-month high of $81.55. The stock has a market cap of $11.97 billion, a P/E ratio of 8.19 and a beta of 1.39. 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 posted its quarterly earnings data on Wednesday, January 29th. The data storage provider reported $1.55 earnings per share (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%. On average, equities research analysts forecast that Western Digital Co. will post 4.89 earnings per share for the current year.
Insider Transactions at Western Digital
In other news, SVP Gene M. Zamiska sold 1,659 shares of Western Digital 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 directly owns 43,776 shares in the company, valued at $1,810,575.36. The trade was a 3.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.30% of the company's stock.
About Western Digital
(
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.
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