Western Digital Co. (NASDAQ:WDC) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in shares of Western Digital Co. (NASDAQ:WDC - Free Report) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,716,891 shares of the data storage provider's stock after selling 182,694 shares during the quarter. Dimensional Fund Advisors LP owned 0.78% of Western Digital worth $162,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in WDC. Mather Group LLC. raised its holdings in shares of Western Digital by 7.0% during the 4th quarter. Mather Group LLC. now owns 2,416 shares of the data storage provider's stock valued at $144,000 after buying an additional 159 shares in the last quarter. Vontobel Holding Ltd. boosted its position in Western Digital by 1.4% during the fourth quarter. Vontobel Holding Ltd. now owns 11,804 shares of the data storage provider's stock valued at $704,000 after buying an additional 164 shares during the period. Inspire Investing LLC grew its stake in shares of Western Digital by 4.3% during the fourth quarter. Inspire Investing LLC now owns 4,324 shares of the data storage provider's stock valued at $258,000 after buying an additional 177 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Western Digital by 1.1% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the data storage provider's stock worth $1,109,000 after buying an additional 200 shares during the period. Finally, Beta Wealth Group Inc. lifted its stake in shares of Western Digital by 2.5% in the 4th quarter. Beta Wealth Group Inc. now owns 8,300 shares of the data storage provider's stock valued at $495,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 92.51% of the company's stock.

Western Digital Trading Up 0.3 %

Western Digital stock traded up $0.13 during mid-day trading on Monday, hitting $40.91. The company's stock had a trading volume of 5,916,427 shares, compared to its average volume of 6,295,979. The company has a 50 day moving average of $42.37 and a 200-day moving average of $57.82. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.26 and a current ratio of 1.99. The stock has a market cap of $14.23 billion, a PE ratio of 9.74 and a beta of 1.39. Western Digital Co. has a one year low of $28.83 and a one year high of $81.55.

Western Digital (NASDAQ:WDC - Get Free Report) last issued its earnings results on Wednesday, January 29th. The data storage provider reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates 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, research analysts anticipate that Western Digital Co. will post 4.89 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Gene M. Zamiska sold 1,659 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $1,810,575.36. This trade represents a 3.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Morgan Stanley began coverage on shares of Western Digital in a research note on Wednesday, April 16th. They issued an "overweight" rating and a $46.00 target price on the stock. Bank of America reduced their price target on Western Digital from $89.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Citigroup decreased their price target 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, April 14th. Wells Fargo & Company reaffirmed a "neutral" rating on shares of Western Digital in a research note on Friday, April 11th. Finally, The Goldman Sachs Group boosted their price target on Western Digital from $70.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $73.68.

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.