WINTON GROUP Ltd Acquires Shares of 2,827 Western Digital Co. (NASDAQ:WDC)

WINTON GROUP Ltd acquired a new stake in Western Digital Co. (NASDAQ:WDC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,827 shares of the data storage provider’s stock, valued at approximately $214,000.

Other large investors also recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in shares of Western Digital during the first quarter worth approximately $25,000. Fidelis Capital Partners LLC acquired a new stake in shares of Western Digital during the first quarter worth approximately $30,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Western Digital during the second quarter worth approximately $34,000. Ashton Thomas Private Wealth LLC acquired a new position in Western Digital in the second quarter worth $34,000. Finally, SOA Wealth Advisors LLC. acquired a new position in Western Digital in the first quarter worth $31,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WDC. Mizuho lifted their price objective on shares of Western Digital from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $80.00 price objective on shares of Western Digital in a report on Tuesday, September 10th. Susquehanna decreased their price objective on shares of Western Digital from $88.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. StockNews.com raised shares of Western Digital from a “sell” rating to a “hold” rating in a report on Saturday, July 6th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of Western Digital in a report on Thursday, August 15th. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.05.

Insiders Place Their Bets

In other Western Digital news, SVP Gene M. Zamiska sold 417 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $64.89, for a total value of $27,059.13. Following the sale, the senior vice president now directly owns 28,870 shares in the company, valued at $1,873,374.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Western Digital news, EVP Robert Soderbery sold 12,154 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $57.09, for a total value of $693,871.86. Following the sale, the executive vice president now directly owns 128,413 shares in the company, valued at $7,331,098.17. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Gene M. Zamiska sold 417 shares of Western Digital stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $64.89, for a total value of $27,059.13. Following the completion of the transaction, the senior vice president now directly owns 28,870 shares in the company, valued at approximately $1,873,374.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,955 shares of company stock worth $1,053,560. 0.28% of the stock is owned by corporate insiders.

Western Digital Price Performance

Shares of NASDAQ WDC opened at $64.42 on Thursday. Western Digital Co. has a fifty-two week low of $35.62 and a fifty-two week high of $81.55. The firm’s 50-day simple moving average is $65.47 and its 200 day simple moving average is $69.50. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. The stock has a market cap of $22.13 billion, a P/E ratio of -12.98 and a beta of 1.39.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings data on Wednesday, July 31st. The data storage provider reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.17. Western Digital had a negative net margin of 3.75% and a negative return on equity of 2.63%. The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Equities analysts expect that Western Digital Co. will post 7.75 EPS for the current year.

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.