2 weeks Ago By ABMN Staff
Ashton Thomas Private Wealth LLC purchased a new position in shares of Western Digital Co. ( NASDAQ:WDC – Free Report ) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 449 shares of the data storage provider’s stock, valued at approximately $34,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in WDC. Kodai Capital Management LP bought a new stake in shares of Western Digital in the 4th quarter worth approximately $212,900,000. Norges Bank bought a new stake in shares of Western Digital in the 4th quarter worth approximately $150,958,000.
Canada Pension Plan Investment Board raised its holdings in shares of Western Digital by 1,089.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,071,600 shares of the data storage provider’s stock worth $73,126,000 after purchasing an additional 981,527 shares in the last quarter.
Westfield Capital Management Co. LP bought a new stake in shares of Western Digital in the 4th quarter worth approximately $48,466,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Western Digital by 39.
6% in the 2nd 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. 92.
51% of the stock is currently owned by institutional investors. Western Digital Trading Down 1.4 % Shares of NASDAQ:WDC opened at $64.
09 on Tuesday. The company has a market cap of $20.93 billion, a P/E ratio of -12.
90 and a beta of 1.39. The stock’s 50-day moving average is $65.
72 and its 200-day moving average is $69.48. Western Digital Co.
has a 52-week low of $35.62 and a 52-week high of $81.55.
The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.78 and a current ratio of 1.
32. Wall Street Analysts Forecast Growth A number of analysts recently commented on WDC shares. StockNews.
com upgraded shares of Western Digital from a “sell” rating to a “hold” rating in a report on Saturday, July 6th. Evercore ISI restated an “outperform” rating and set a $85.00 price target on shares of Western Digital in a report on Thursday, August 15th.
Mizuho boosted their price target on shares of Western Digital from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday, May 31st.
TD Cowen cut their price target on shares of Western Digital from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Friday.
Finally, Benchmark boosted their price objective on shares of Western Digital from $85.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, August 1st.
Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.
05. View Our Latest Research Report on WDC Insider Activity In other news, SVP Gene M. Zamiska sold 417 shares of the firm’s stock in a transaction dated Wednesday, August 21st.
The stock was sold at an average price of $64.89, for a total value of $27,059.13.
Following the sale, the senior vice president now directly owns 28,870 shares of the company’s stock, valued at $1,873,374.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website .
In related news, SVP Gene M. Zamiska sold 417 shares of Western Digital stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $64.
89, for a total transaction of $27,059.13. Following the sale, the senior vice president now directly owns 28,870 shares of the company’s stock, valued at $1,873,374.
30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link . Also, SVP Gene M.
Zamiska sold 2,900 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $61.48, for a total transaction of $178,292.
00. Following the completion of the sale, the senior vice president now directly owns 37,448 shares in the company, valued at approximately $2,302,303.04.
The disclosure for this sale can be found here . Over the last ninety days, insiders have sold 17,955 shares of company stock valued at $1,053,560. 0.
28% of the stock is owned by insiders. Western Digital Company Profile ( Free Report ) 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.
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