Western Digital Co. (NASDAQ:WDC) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lessened its stake in Western Digital Co. (NASDAQ:WDC - Free Report) by 9.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,769 shares of the data storage provider's stock after selling 7,362 shares during the quarter. Natixis Advisors LLC's holdings in Western Digital were worth $4,101,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its position 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 purchasing an additional 423,651 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Western Digital by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 7,921,608 shares of the data storage provider's stock worth $539,355,000 after buying an additional 76,781 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Western Digital by 24.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,711,428 shares of the data storage provider's stock valued at $253,453,000 after acquiring an additional 732,344 shares during the last quarter. Maple Rock Capital Partners Inc. increased its holdings in 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 in the last quarter. Finally, Holocene Advisors LP raised its position in Western Digital by 25.7% during the third quarter. Holocene Advisors LP now owns 3,192,762 shares of the data storage provider's stock worth $218,034,000 after acquiring an additional 651,847 shares during the last quarter. Institutional investors and hedge funds 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 business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $41.36, for a total value of $68,616.24. Following the transaction, the senior vice president now owns 43,776 shares in the company, valued at approximately $1,810,575.36. The trade was a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WDC. Wells Fargo & Company dropped their price objective on shares of Western Digital from $85.00 to $75.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. Robert W. Baird cut their price target on Western Digital from $100.00 to $80.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. Bank of America dropped their price objective on Western Digital from $89.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Susquehanna reduced their target price on shares of Western Digital from $83.00 to $72.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Finally, UBS Group lowered their price target 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. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $80.21.

Western Digital Trading Down 1.8 %

WDC traded down $0.77 during trading on Wednesday, hitting $42.62. 6,371,044 shares of the company's stock were exchanged, compared to its average volume of 5,967,420. Western Digital Co. has a 1 year low of $39.42 and a 1 year high of $81.55. The firm has a market cap of $14.82 billion, a P/E ratio of 10.15 and a beta of 1.42. 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 stock has a 50 day moving average price of $57.06 and a 200 day moving average price of $62.86.

Western Digital (NASDAQ:WDC - Get Free Report) last announced its earnings results on Wednesday, January 29th. The data storage provider reported $1.55 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, analysts expect that Western Digital Co. will post 4.89 EPS for the current fiscal 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.