O Brien Greene & Co. Inc Sells 8,950 Shares of Western Digital Co. (NASDAQ:WDC)

O Brien Greene & Co. Inc lessened its holdings in shares of Western Digital Co. (NASDAQ:WDC - Free Report) by 8.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 99,672 shares of the data storage provider's stock after selling 8,950 shares during the quarter. Western Digital comprises approximately 1.9% of O Brien Greene & Co. Inc's holdings, making the stock its 20th largest position. O Brien Greene & Co. Inc's holdings in Western Digital were worth $5,943,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of WDC. State Street Corp increased its stake in Western Digital by 3.2% during the 3rd quarter. State Street Corp now owns 13,572,686 shares of the data storage provider's stock valued at $926,879,000 after buying an additional 423,651 shares during the period. Geode Capital Management LLC increased its stake in shares of Western Digital by 1.0% during 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 acquiring an additional 76,781 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Western Digital by 24.6% during the third 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 worth $253,453,000 after purchasing an additional 732,344 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its position in Western Digital by 13.2% in the third quarter. Maple Rock Capital Partners Inc. now owns 3,287,400 shares of the data storage provider's stock worth $224,497,000 after purchasing an additional 383,390 shares during the period. Finally, Holocene Advisors LP lifted its position in Western Digital by 25.7% in the third quarter. Holocene Advisors LP now owns 3,192,762 shares of the data storage provider's stock worth $218,034,000 after purchasing an additional 651,847 shares during the period. Institutional investors own 92.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on WDC shares. Wedbush reissued an "outperform" rating and issued a $95.00 price objective on shares of Western Digital in a research note on Monday, February 10th. Barclays lowered their target price on Western Digital from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Citigroup cut their price target on shares of Western Digital from $82.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, January 30th. The Goldman Sachs Group lifted their price objective on shares of Western Digital from $70.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Finally, Morgan Stanley cut their target price on shares of Western Digital from $100.00 to $93.00 and set an "overweight" rating for the company in a research note on Thursday, December 19th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $84.42.

Western Digital Stock Down 3.6 %

Shares of NASDAQ WDC traded down $2.58 during mid-day trading on Friday, reaching $68.71. 9,049,641 shares of the company traded hands, compared to its average volume of 6,672,517. The company's fifty 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 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 $23.90 billion, a PE ratio of 16.36 and a beta of 1.44.

Western Digital (NASDAQ:WDC - Get Free Report) last announced its quarterly 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%. On average, analysts expect that Western Digital Co. will post 4.89 earnings per share for the current year.

Insider Activity at Western Digital

In related news, SVP Gene M. Zamiska sold 658 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was 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 represents a 2.23 % decrease in their position. 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 currently owned by company insiders.

Western Digital 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.