2,827 Shares in Western Digital Co. (NASDAQ:WDC) Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new position in Western Digital Co. (NASDAQ:WDC) during the second quarter, Holdings Channel.com reports. The firm purchased 2,827 shares of the data storage provider’s stock, valued at approximately $214,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its stake in Western Digital by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 274,976 shares of the data storage provider’s stock valued at $20,835,000 after acquiring an additional 6,148 shares in the last quarter. Dai ichi Life Insurance Company Ltd grew its stake in Western Digital by 45.0% during the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 36,027 shares of the data storage provider’s stock valued at $2,730,000 after acquiring an additional 11,178 shares in the last quarter. Federated Hermes Inc. purchased a new position in Western Digital during the 2nd quarter valued at about $95,000. Pinkerton Retirement Specialists LLC grew its stake in Western Digital by 26.7% during the 2nd quarter. Pinkerton Retirement Specialists LLC now owns 3,914 shares of the data storage provider’s stock valued at $297,000 after acquiring an additional 826 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in Western Digital by 2.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 241,405 shares of the data storage provider’s stock valued at $18,838,000 after acquiring an additional 6,800 shares in the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Analyst Upgrades and Downgrades

WDC has been the topic of several research analyst reports. Loop Capital lifted their target price on Western Digital from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Mizuho lifted their target price on Western Digital from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Benchmark lifted their target price on Western Digital from $85.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Wedbush lifted their price target on Western Digital from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Finally, TD Cowen reduced their price target on Western Digital from $95.00 to $80.00 and set a “buy” rating for the company in a report on Friday, September 13th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $83.05.

Insider Activity

In other news, EVP Robert Soderbery sold 12,154 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $57.09, for a total value of $693,871.86. Following the completion of the sale, the executive vice president now directly owns 128,413 shares of the company’s stock, valued at $7,331,098.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Robert Soderbery sold 12,154 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $57.09, for a total value of $693,871.86. Following the completion of the transaction, the executive vice president now directly owns 128,413 shares of the company’s stock, valued at $7,331,098.17. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Gene M. Zamiska sold 417 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $64.89, for a total value of $27,059.13. Following the completion of the transaction, the senior vice president now directly owns 28,870 shares of the company’s stock, valued at $1,873,374.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,955 shares of company stock valued at $1,053,560. 0.28% of the stock is owned by company insiders.

Western Digital Stock Down 2.2 %

Shares of WDC stock opened at $64.42 on Thursday. Western Digital Co. has a 12 month low of $35.62 and a 12 month high of $81.55. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. The firm has a market cap of $22.13 billion, a PE ratio of -12.98 and a beta of 1.39. The stock has a 50 day moving average of $65.47 and a 200-day moving average of $69.50.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data on Wednesday, July 31st. The data storage provider reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.17. Western Digital had a negative return on equity of 2.63% and a negative net margin of 3.75%. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.77 billion. On average, equities analysts predict that Western Digital Co. will post 7.75 EPS for the current year.

Western Digital Company 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.