6 days Ago By ABMN Staff
Franklin Resources Inc. raised its position in Western Digital Co. ( NASDAQ:WDC – Free Report ) by 11.
1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,579 shares of the data storage provider’s stock after buying an additional 2,052 shares during the period. Franklin Resources Inc.
’s holdings in Western Digital were worth $1,227,000 at the end of the most recent quarter. A number of other large investors have also modified their holdings of the company. Versant Capital Management Inc grew its stake in Western Digital by 278.
9% in the 4th quarter. Versant Capital Management Inc now owns 413 shares of the data storage provider’s stock valued at $25,000 after acquiring an additional 304 shares during the period. Sierra Ocean LLC purchased a new position in Western Digital during the fourth quarter valued at $29,000.
Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Western Digital in the fourth quarter valued at about $30,000. OFI Invest Asset Management purchased a new stake in shares of Western Digital during the fourth quarter worth about $36,000.
Finally, S.A. Mason LLC acquired a new position in shares of Western Digital during the 4th quarter worth about $45,000.
Institutional investors and hedge funds own 92.51% of the company’s stock. Insider Buying and Selling at Western Digital In other news, SVP Gene M.
Zamiska sold 1,659 shares of the firm’s stock in a transaction on 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 directly owns 43,776 shares in the company, valued at approximately $1,810,575.36.
This trade represents a 3.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link .
0.30% of the stock is owned by corporate insiders. Western Digital Trading Up 4.
1 % Western Digital ( NASDAQ:WDC – Get Free Report ) last posted its quarterly earnings results 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%. Equities research analysts anticipate that Western Digital Co.
will post 4.89 EPS for the current fiscal year. Analysts Set New Price Targets Several equities research analysts have commented on the company.
UBS Group cut their price objective on Western Digital from $74.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, March 17th.
Benchmark upgraded Western Digital from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Thursday, April 10th. Citigroup reduced their price objective on Western Digital from $64.
00 to $48.00 and set a “buy” rating for the company in a research note on Monday. Wedbush reaffirmed an “outperform” rating and set a $95.
00 target price on shares of Western Digital in a research note on Monday, February 10th. Finally, StockNews.com assumed coverage on shares of Western Digital in a research report on Tuesday, April 8th.
They issued a “hold” rating for the company. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.
com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $76.16. Get Our Latest Research Report on WDC About Western Digital ( 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. Further Reading Want to see what other hedge funds are holding WDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Digital Co.
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