Edmond DE Rothschild Holding S.A. Has $4.36 Million Holdings in Western Digital Co. (NASDAQ:WDC)

Edmond DE Rothschild Holding S.A. boosted its holdings in Western Digital Co. (NASDAQ:WDC - Free Report) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,048 shares of the data storage provider's stock after acquiring an additional 6,470 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Western Digital were worth $4,356,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Western Digital by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 42,459,767 shares of the data storage provider's stock valued at $2,531,876,000 after acquiring an additional 1,439,149 shares in the last quarter. State Street Corp raised its holdings in Western Digital by 3.2% during the third quarter. State Street Corp now owns 13,572,686 shares of the data storage provider's stock worth $926,879,000 after acquiring an additional 423,651 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Western Digital by 1.0% in the third quarter. Geode Capital Management LLC now owns 7,921,608 shares of the data storage provider's stock valued at $539,355,000 after buying an additional 76,781 shares during the last quarter. Norges Bank acquired a new position in shares of Western Digital in the fourth quarter valued at approximately $352,572,000. Finally, Maple Rock Capital Partners Inc. lifted its position in shares of Western Digital by 13.2% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,287,400 shares of the data storage provider's stock valued at $224,497,000 after acquiring an additional 383,390 shares during the period. 92.51% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Benchmark cut shares of Western Digital from a "buy" rating to a "hold" rating and set a $70.00 price target for the company. in a research report on Thursday, December 19th. Citigroup raised their target price on Western Digital from $60.45 to $64.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Morgan Stanley decreased their price objective on shares of Western Digital from $100.00 to $93.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. Wedbush reiterated an "outperform" rating and set a $95.00 price target on shares of Western Digital in a report on Monday, February 10th. Finally, Robert W. Baird dropped their target price on Western Digital from $100.00 to $80.00 and set an "outperform" rating on the stock in a report on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $80.21.

Western Digital Price Performance

WDC stock traded up $0.89 during trading on Wednesday, hitting $41.78. The company had a trading volume of 4,999,144 shares, compared to its average volume of 6,078,694. Western Digital Co. has a fifty-two week low of $39.10 and a fifty-two week high of $81.55. The firm has a market capitalization of $14.53 billion, a price-to-earnings ratio of 9.95 and a beta of 1.42. The business has a 50 day moving average of $54.13 and a 200 day moving average of $61.94. 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 released its quarterly earnings data on Wednesday, January 29th. The data storage provider reported $1.55 earnings per share (EPS) 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%. As a group, research analysts predict that Western Digital Co. will post 4.89 earnings per share for the current year.

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.