Natixis Advisors LLC Has $4.10 Million Stake in Western Digital Co. (NASDAQ:WDC)

Natixis Advisors LLC trimmed its holdings in Western Digital Co. (NASDAQ:WDC) by 9.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,769 shares of the data storage provider’s stock after selling 7,362 shares during the period. Natixis Advisors LLC’s holdings in Western Digital were worth $4,101,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WDC. State Street Corp grew its stake in shares of Western Digital by 3.2% during the third quarter. State Street Corp now owns 13,572,686 shares of the data storage provider’s stock worth $926,879,000 after buying an additional 423,651 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Western Digital by 1.0% during the third quarter. Geode Capital Management LLC now owns 7,921,608 shares of the data storage provider’s stock worth $539,355,000 after buying an additional 76,781 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Western Digital by 24.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,711,428 shares of the data storage provider’s stock worth $253,453,000 after buying an additional 732,344 shares during the last quarter. Maple Rock Capital Partners Inc. grew its stake in shares of Western Digital by 13.2% during the third quarter. Maple Rock Capital Partners Inc. now owns 3,287,400 shares of the data storage provider’s stock worth $224,497,000 after buying an additional 383,390 shares during the last quarter. Finally, Holocene Advisors LP grew its stake in shares of Western Digital by 25.7% during the third quarter. Holocene Advisors LP now owns 3,192,762 shares of the data storage provider’s stock worth $218,034,000 after buying an additional 651,847 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Western Digital Price Performance

Shares of NASDAQ WDC opened at $43.66 on Friday. The firm’s 50-day moving average price is $57.80 and its 200-day moving average price is $63.11. Western Digital Co. has a 1-year low of $39.42 and a 1-year high of $81.55. The firm has a market capitalization of $15.19 billion, a P/E ratio of 10.40 and a beta of 1.42. The company has a current ratio of 1.99, a quick ratio of 1.26 and a debt-to-equity ratio of 0.60.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Wednesday, January 29th. The data storage provider reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.36). Western Digital had a net margin of 9.95% and a return on equity of 15.68%. Equities research analysts anticipate that Western Digital Co. will post 4.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Gene M. Zamiska sold 1,659 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $41.36, for a total value of $68,616.24. Following the sale, the senior vice president now owns 43,776 shares in the company, valued at $1,810,575.36. This represents a 3.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Bank of America reduced their price objective on shares of Western Digital from $89.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company reduced their price objective on shares of Western Digital from $85.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 25th. Cantor Fitzgerald reduced their price objective on shares of Western Digital from $95.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Mizuho reduced their price objective on shares of Western Digital from $90.00 to $82.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Finally, Morgan Stanley reduced their price objective on shares of Western Digital from $100.00 to $93.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.21.

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.