Symmetry Investments LP Sells 858 Shares of Western Digital Co. (NASDAQ:WDC)

Symmetry Investments LP lessened its holdings in shares of Western Digital Co. (NASDAQ:WDC) by 0.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,931 shares of the data storage provider’s stock after selling 858 shares during the period. Western Digital accounts for approximately 1.7% of Symmetry Investments LP’s holdings, making the stock its 12th biggest position. Symmetry Investments LP owned 0.06% of Western Digital worth $14,997,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Rise Advisors LLC purchased a new stake in shares of Western Digital during the first quarter valued at approximately $25,000. Fairfield Financial Advisors LTD purchased a new position in shares of Western Digital during the second quarter valued at approximately $29,000. Fidelis Capital Partners LLC bought a new position in Western Digital during the first quarter valued at approximately $30,000. SOA Wealth Advisors LLC. purchased a new stake in Western Digital in the first quarter worth approximately $31,000. Finally, OFI Invest Asset Management purchased a new position in shares of Western Digital in the 2nd quarter worth $34,000. 92.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Western Digital

In related news, SVP Gene M. Zamiska sold 417 shares of the firm’s stock in a transaction on 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 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 filing with the SEC, which can be accessed through this link. In other news, SVP Gene M. Zamiska sold 417 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was 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 at this link. Also, SVP Gene M. Zamiska sold 2,169 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $61.96, for a total value of $134,391.24. Following the transaction, the senior vice president now owns 32,601 shares of the company’s stock, valued at approximately $2,019,957.96. The disclosure for this sale can be found here. Insiders have sold a total of 17,955 shares of company stock worth $1,053,560 over the last ninety days. Company insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on WDC shares. Susquehanna lowered their price objective on shares of Western Digital from $88.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Citigroup cut their price target on Western Digital from $95.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. Evercore ISI reiterated an “outperform” rating and issued a $85.00 price target on shares of Western Digital in a research report on Thursday, August 15th. Loop Capital raised their price objective on shares of Western Digital from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Finally, Benchmark increased their price target on Western Digital from $85.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.24.

Western Digital Trading Up 1.2 %

WDC stock opened at $66.75 on Friday. The firm has a market cap of $21.80 billion, a PE ratio of -13.43 and a beta of 1.39. The firm has a fifty day moving average price of $64.68 and a 200 day moving average price of $69.45. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 1.32. Western Digital Co. has a fifty-two week low of $35.62 and a fifty-two week high of $81.55.

Western Digital (NASDAQ:WDC) last posted its earnings results on Wednesday, July 31st. The data storage provider reported $1.25 earnings per share for the quarter, topping 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 firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.77 billion. Sell-side analysts anticipate that Western Digital Co. will post 7.75 earnings per share 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.