Krilogy Financial LLC Acquires New Shares in Western Digital Corporation $WDC

Krilogy Financial LLC bought a new position in shares of Western Digital Corporation (NASDAQ:WDC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,445 shares of the data storage provider’s stock, valued at approximately $654,000.

Other large investors have also modified their holdings of the company. SYM FINANCIAL Corp purchased a new stake in Western Digital in the second quarter valued at approximately $225,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Western Digital by 12.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,317 shares of the data storage provider’s stock valued at $6,281,000 after buying an additional 5,731 shares in the last quarter. LBP AM SA purchased a new stake in shares of Western Digital in the 3rd quarter valued at $641,000. Nordea Investment Management AB lifted its stake in Western Digital by 9.6% during the 2nd quarter. Nordea Investment Management AB now owns 30,434 shares of the data storage provider’s stock worth $1,938,000 after acquiring an additional 2,656 shares in the last quarter. Finally, Moloney Securities Asset Management LLC purchased a new position in Western Digital during the 3rd quarter valued at about $636,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

More Western Digital News

Here are the key news stories impacting Western Digital this week:

• Positive Sentiment: Market recognition of WDC’s rally — coverage highlights WDC as the second-best performer in the S&P 500 for 2026 so far, underscoring momentum and investor interest in the stock. Read More.
• Positive Sentiment: Bullish investment thesis on AI storage upside — deep-dive pieces argue WDC is capturing enormous AI-driven demand, framing the recent gains as part of a multi-year opportunity. Read More.
• Positive Sentiment: Analyst momentum — WDC is appearing on Zacks’ Rank #1 (Strong Buy) lists and their best-growth lists, which can attract buy-side flows and momentum investors. Read More.
• Positive Sentiment: Positive media narratives around AI demand and product relevance — multiple outlets profile WDC as a critical supplier in the AI megatrend, reinforcing the growth story. Read More.
• Neutral Sentiment: Investor access / upcoming presentation — WDC will present at the Morgan Stanley TMT Conference on March 3; the webcast gives management a chance to update investors and could influence guidance/expectations. Read More.
• Negative Sentiment: Valuation and risk warnings after a massive rally — analysts note a ~300%+ one-year gain and ask whether risks (cyclical demand, supply, buyback sustainability, valuation) are building, which can prompt profit-taking and increased short-term volatility. Read More.

Western Digital Price Performance

Shares of WDC opened at $281.58 on Friday. The firm has a market capitalization of $95.47 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 0.66 and a beta of 1.80. The firm’s fifty day simple moving average is $216.93 and its 200-day simple moving average is $151.06. Western Digital Corporation has a twelve month low of $28.83 and a twelve month high of $307.50. The company has a current ratio of 1.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings results on Thursday, January 29th. The data storage provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.20. The company had revenue of $3.02 billion for 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%.Western Digital’s quarterly revenue was up 25.2% on a year-over-year basis. During the same period last year, the firm earned $1.77 earnings per share. Equities analysts forecast that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Western Digital Dividend Announcement

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

Insider Transactions at Western Digital

In other news, insider Cynthia L. Tregillis sold 6,780 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $270.49, for a total value of $1,833,922.20. Following the completion of the transaction, the insider owned 136,538 shares in the company, valued at approximately $36,932,163.62. This represents a 4.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kimberly Alexy sold 1,768 shares of Western Digital stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $154.00, for a total transaction of $272,272.00. Following the sale, the director owned 3,585 shares in the company, valued at $552,090. This represents a 33.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 70,522 shares of company stock valued at $17,661,708 over the last three months. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on WDC shares. Citigroup boosted their price target on shares of Western Digital to $325.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Argus set a $300.00 target price on shares of Western Digital in a report on Tuesday, February 3rd. Mizuho raised their price target on shares of Western Digital to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Susquehanna reaffirmed a “neutral” rating and set a $285.00 price objective on shares of Western Digital in a research report on Friday, February 6th. Finally, Morgan Stanley increased their price objective on Western Digital from $260.00 to $306.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Western Digital presently has an average rating of “Moderate Buy” and an average price target of $265.58.

Western Digital Company Profile

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.