15,000 Shares in Western Digital Co. (NASDAQ:WDC) Acquired by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. bought a new stake in Western Digital Co. (NASDAQ:WDC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,000 shares of the data storage provider’s stock, valued at approximately $1,137,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WDC. Rise Advisors LLC acquired a new position in shares of Western Digital in the 1st quarter valued at about $25,000. Fairfield Financial Advisors LTD acquired a new stake in Western Digital during the second quarter worth approximately $29,000. Fidelis Capital Partners LLC bought a new stake in Western Digital in the first quarter worth approximately $30,000. 1620 Investment Advisors Inc. acquired a new position in Western Digital in the second quarter valued at approximately $34,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Western Digital during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Transactions at Western Digital

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

Analyst Ratings Changes

WDC has been the subject of several research analyst reports. Benchmark lifted their price objective on shares of Western Digital from $85.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Evercore ISI reiterated an “outperform” rating and set a $85.00 price objective on shares of Western Digital in a report on Thursday, August 15th. Rosenblatt Securities restated a “buy” rating and issued a $115.00 target price on shares of Western Digital in a research note on Thursday, August 1st. Citigroup decreased their target price on Western Digital from $95.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Finally, Summit Insights lowered Western Digital from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, Western Digital has a consensus rating of “Moderate Buy” and a consensus target price of $84.24.

Western Digital Price Performance

Western Digital stock opened at $66.75 on Friday. Western Digital Co. has a 52 week low of $35.62 and a 52 week high of $81.55. The company’s 50 day moving average price is $64.68 and its two-hundred day moving average price is $69.49. 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 quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.53.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Wednesday, July 31st. The data storage provider reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.17. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates 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 analysts predict that Western Digital Co. will post 7.75 earnings per share for the current 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.