XTX Topco Ltd Acquires 30,331 Shares of Western Digital Co. (NASDAQ:WDC)

XTX Topco Ltd boosted its stake in shares of Western Digital Co. (NASDAQ:WDC) by 225.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,788 shares of the data storage provider’s stock after purchasing an additional 30,331 shares during the period. XTX Topco Ltd’s holdings in Western Digital were worth $3,318,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Blair William & Co. IL increased its position in Western Digital by 7.7% during the second quarter. Blair William & Co. IL now owns 19,270 shares of the data storage provider’s stock worth $1,460,000 after buying an additional 1,375 shares during the last quarter. O Brien Greene & Co. Inc raised its stake in Western Digital by 151.5% in the 2nd quarter. O Brien Greene & Co. Inc now owns 116,786 shares of the data storage provider’s stock worth $8,849,000 after purchasing an additional 70,353 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Western Digital by 16.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 23,711 shares of the data storage provider’s stock valued at $1,754,000 after buying an additional 3,274 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Western Digital by 17.1% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,331 shares of the data storage provider’s stock valued at $404,000 after acquiring an additional 777 shares during the period. Finally, Central Asset Investments & Management Holdings HK Ltd grew its holdings in shares of Western Digital by 238.3% during the 2nd quarter. Central Asset Investments & Management Holdings HK Ltd now owns 317,455 shares of the data storage provider’s stock worth $24,054,000 after purchasing an additional 223,623 shares in the last quarter. 92.51% of the stock is owned by institutional investors.

Insider Buying and Selling at Western Digital

In other Western Digital news, SVP Gene M. Zamiska sold 417 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $64.89, for a total transaction of $27,059.13. Following the completion of the sale, the senior vice president now directly owns 28,870 shares in the company, valued at approximately $1,873,374.30. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Western Digital news, EVP Robert Soderbery sold 12,154 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $57.09, for a total transaction of $693,871.86. Following the sale, the executive vice president now owns 128,413 shares in the company, valued at approximately $7,331,098.17. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Gene M. Zamiska sold 417 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $64.89, for a total transaction of $27,059.13. Following the completion of the sale, the senior vice president now directly owns 28,870 shares of the company’s stock, valued at $1,873,374.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,955 shares of company stock worth $1,053,560. Company insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on WDC shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $115.00 price objective on shares of Western Digital in a research report on Thursday, August 1st. Wedbush upped their price target on shares of Western Digital from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. TD Cowen cut their target price on shares of Western Digital from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, September 13th. Loop Capital lifted their target price on Western Digital from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $80.00 price objective on shares of Western Digital in a research report on Tuesday, September 10th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.05.

Western Digital Trading Down 2.2 %

Shares of NASDAQ WDC opened at $64.42 on Thursday. The company has a market cap of $21.03 billion, a PE ratio of -12.96 and a beta of 1.39. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 1.32. The firm’s 50 day moving average price is $65.47 and its 200-day moving average price is $69.50. Western Digital Co. has a 52-week low of $35.62 and a 52-week high of $81.55.

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

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.