13,405 Shares in Western Digital Corporation $WDC Purchased by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft purchased a new stake in shares of Western Digital Corporation (NASDAQ:WDCFree Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 13,405 shares of the data storage provider’s stock, valued at approximately $1,465,000.

Other large investors also recently bought and sold shares of the company. ORG Partners LLC grew its stake in shares of Western Digital by 124.5% during the 3rd quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock worth $25,000 after purchasing an additional 117 shares during the period. Private Wealth Management Group LLC lifted its stake in shares of Western Digital by 102.5% in the 2nd quarter. Private Wealth Management Group LLC now owns 399 shares of the data storage provider’s stock valued at $26,000 after purchasing an additional 202 shares during the period. Rakuten Securities Inc. lifted its stake in shares of Western Digital by 4,070.0% in the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 407 shares during the period. NewSquare Capital LLC boosted its holdings in Western Digital by 86.9% during the second quarter. NewSquare Capital LLC now owns 441 shares of the data storage provider’s stock worth $28,000 after buying an additional 205 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its position in Western Digital by 551.4% during the third quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock valued at $29,000 after buying an additional 204 shares during the period. 92.51% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Western Digital

In related news, insider Cynthia L. Tregillis sold 6,780 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $270.49, for a total transaction of $1,833,922.20. Following the transaction, the insider directly owned 136,538 shares in the company, valued at approximately $36,932,163.62. The trade was a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Irving Tan sold 20,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $255.44, for a total transaction of $5,108,800.00. Following the sale, the chief executive officer directly owned 623,586 shares of the company’s stock, valued at approximately $159,288,807.84. This represents a 3.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 70,522 shares of company stock valued at $17,661,708. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on WDC shares. Cantor Fitzgerald upped their price objective on shares of Western Digital to $325.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Wedbush restated an “outperform” rating and issued a $325.00 price target on shares of Western Digital in a research note on Monday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $340.00 price target on shares of Western Digital in a report on Wednesday, February 4th. Robert W. Baird set a $310.00 price objective on Western Digital in a report on Monday, February 2nd. Finally, Citigroup boosted their price objective on Western Digital to $325.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Western Digital currently has an average rating of “Moderate Buy” and a consensus target price of $265.58.

Check Out Our Latest Research Report on WDC

Western Digital Stock Performance

NASDAQ WDC opened at $262.56 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.19. The stock’s 50 day simple moving average is $209.85 and its 200-day simple moving average is $147.76. The company has a market cap of $89.02 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 0.74 and a beta of 1.80. Western Digital Corporation has a 1-year low of $28.83 and a 1-year high of $296.50.

Western Digital (NASDAQ:WDCGet Free Report) last issued its quarterly earnings results on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, topping the consensus estimate of $1.93 by $0.20. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.93 billion. Western Digital had a return on equity of 41.53% and a net margin of 35.52%.The firm’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.77 earnings per share. As a group, equities research analysts anticipate that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Western Digital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Thursday, March 5th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, March 5th. Western Digital’s dividend payout ratio is 5.02%.

Key Stories Impacting Western Digital

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Western Digital Company Profile

(Free Report)

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.

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Institutional Ownership by Quarter for Western Digital (NASDAQ:WDC)

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