Western Digital Co. (NASDAQ:WDC) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC grew its holdings in Western Digital Co. (NASDAQ:WDC) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,247 shares of the data storage provider’s stock after acquiring an additional 962 shares during the quarter. Sanctuary Advisors LLC’s holdings in Western Digital were worth $1,398,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in WDC. Mirae Asset Global Investments Co. Ltd. increased its holdings in Western Digital by 32.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,131 shares of the data storage provider’s stock worth $2,691,000 after buying an additional 11,013 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Western Digital by 6.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 841,700 shares of the data storage provider’s stock worth $50,191,000 after acquiring an additional 50,188 shares during the period. Aigen Investment Management LP increased its stake in shares of Western Digital by 124.2% in the third quarter. Aigen Investment Management LP now owns 21,412 shares of the data storage provider’s stock worth $1,462,000 after acquiring an additional 11,860 shares during the period. Principal Financial Group Inc. increased its stake in shares of Western Digital by 4.0% in the fourth quarter. Principal Financial Group Inc. now owns 390,826 shares of the data storage provider’s stock worth $23,305,000 after acquiring an additional 15,189 shares during the period. Finally, Avala Global LP increased its stake in shares of Western Digital by 49.0% in the third quarter. Avala Global LP now owns 1,147,700 shares of the data storage provider’s stock worth $78,376,000 after acquiring an additional 377,500 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

Western Digital Stock Performance

NASDAQ:WDC opened at $49.07 on Wednesday. The company’s 50-day moving average price is $64.14 and its 200-day moving average price is $65.51. 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 company has a market cap of $17.07 billion, a P/E ratio of 11.68 and a beta of 1.44. Western Digital Co. has a twelve month low of $39.58 and a twelve month high of $61.16.

Western Digital (NASDAQ:WDC) last issued its earnings results on Wednesday, January 29th. The data storage provider reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.36). Western Digital had a return on equity of 15.68% and a net margin of 9.95%. On average, sell-side analysts forecast that Western Digital Co. will post 4.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WDC has been the topic of a number of research reports. Wedbush reiterated an “outperform” rating and issued a $95.00 price objective on shares of Western Digital in a research note on Monday, February 10th. Rosenblatt Securities cut their price objective on shares of Western Digital from $115.00 to $95.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. StockNews.com initiated coverage on shares of Western Digital in a research note on Wednesday. They issued a “buy” rating on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $95.00 price objective on shares of Western Digital in a research note on Tuesday, February 18th. Finally, Morgan Stanley dropped their price target on shares of Western Digital from $100.00 to $93.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.05.

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.