Western Digital Co. (NASDAQ:WDC) Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its position in shares of Western Digital Co. (NASDAQ:WDC) by 16.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,711 shares of the data storage provider’s stock after buying an additional 3,274 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Western Digital were worth $1,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Western Digital by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 38,579,938 shares of the data storage provider’s stock worth $2,020,431,000 after buying an additional 215,207 shares during the period. DNB Asset Management AS boosted its position in shares of Western Digital by 2.7% during the 2nd quarter. DNB Asset Management AS now owns 7,857,586 shares of the data storage provider’s stock worth $595,369,000 after purchasing an additional 206,756 shares during the period. Kodai Capital Management LP acquired a new stake in Western Digital in the 4th quarter valued at approximately $212,900,000. Dimensional Fund Advisors LP raised its position in Western Digital by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,881,847 shares of the data storage provider’s stock valued at $218,400,000 after purchasing an additional 143,074 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Western Digital by 39.6% during the second quarter. Bank of New York Mellon Corp now owns 2,861,229 shares of the data storage provider’s stock worth $216,795,000 after purchasing an additional 810,977 shares in the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Insider Transactions at Western Digital

In other Western Digital news, SVP Gene M. Zamiska sold 2,169 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $61.96, for a total value of $134,391.24. Following the completion of the sale, the senior vice president now owns 32,601 shares in the company, valued at $2,019,957.96. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, SVP Gene M. Zamiska sold 2,900 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $61.48, for a total transaction of $178,292.00. Following the transaction, the senior vice president now owns 37,448 shares of the company’s stock, valued at $2,302,303.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Gene M. Zamiska sold 2,169 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 32,601 shares of the company’s stock, valued at $2,019,957.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,955 shares of company stock worth $1,053,560. Corporate insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WDC shares. Evercore ISI reiterated an “outperform” rating and issued a $85.00 price objective on shares of Western Digital in a report on Thursday, August 15th. Wedbush increased their price target on shares of Western Digital from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. Loop Capital lifted their price objective on shares of Western Digital from $90.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. TD Cowen reduced their target price on shares of Western Digital from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, September 13th. Finally, 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. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $84.24.

Western Digital Stock Up 1.2 %

WDC stock opened at $66.75 on Friday. The stock has a market cap of $21.80 billion, a P/E ratio of -13.43 and a beta of 1.39. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. Western Digital Co. has a twelve month low of $35.62 and a twelve month high of $81.55. The company’s 50 day moving average is $64.68 and its two-hundred day moving average is $69.49.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings results on Wednesday, July 31st. The data storage provider reported $1.25 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $3.77 billion. Research analysts expect that Western Digital Co. will post 7.75 earnings per share 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.