Corient Private Wealth LLC Sells 7,528 Shares of Western Digital Co. (NASDAQ:WDC)

Corient Private Wealth LLC decreased its stake in shares of Western Digital Co. (NASDAQ:WDC) by 20.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 29,738 shares of the data storage provider’s stock after selling 7,528 shares during the quarter. Corient Private Wealth LLC’s holdings in Western Digital were worth $1,773,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of WDC. State Street Corp boosted its holdings 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 acquiring an additional 423,651 shares during the period. Geode Capital Management LLC boosted its stake in Western Digital by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 7,921,608 shares of the data storage provider’s stock valued at $539,355,000 after purchasing an additional 76,781 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Western Digital by 24.6% in the 3rd 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 valued at $253,453,000 after buying an additional 732,344 shares in the last quarter. Maple Rock Capital Partners Inc. increased its position in Western Digital by 13.2% during the 3rd 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 period. Finally, Holocene Advisors LP lifted its holdings 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 in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Benchmark lowered shares of Western Digital from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Thursday, December 19th. Susquehanna dropped their price target on shares of Western Digital from $83.00 to $72.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Cantor Fitzgerald reduced their price target on Western Digital from $95.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Mizuho dropped their price objective on Western Digital from $90.00 to $82.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, Robert W. Baird reduced their target price on Western Digital from $100.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $80.21.

Western Digital Trading Up 1.5 %

NASDAQ WDC opened at $44.31 on Tuesday. Western Digital Co. has a 52 week low of $39.42 and a 52 week high of $81.55. The business has a 50 day moving average price of $57.45 and a 200-day moving average price of $62.98. The company has a quick ratio of 1.26, a current ratio of 1.99 and a debt-to-equity ratio of 0.60. The company has a market cap of $15.41 billion, a price-to-earnings ratio of 10.55 and a beta of 1.42.

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

Insider Transactions at Western Digital

In related news, SVP Gene M. Zamiska sold 1,659 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $41.36, for a total transaction of $68,616.24. Following the completion of the transaction, the senior vice president now owns 43,776 shares in the company, valued at approximately $1,810,575.36. This represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.30% of the company’s stock.

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.