Western Digital Co. (NASDAQ:WDC) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its holdings in Western Digital Co. (NASDAQ:WDC) by 4.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,247 shares of the data storage provider’s stock after purchasing an additional 962 shares during the period. Sanctuary Advisors LLC’s holdings in Western Digital were worth $1,398,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. State Street Corp grew its holdings in Western Digital by 3.2% during the 3rd quarter. State Street Corp now owns 13,572,686 shares of the data storage provider’s stock worth $926,879,000 after acquiring an additional 423,651 shares in the last quarter. Geode Capital Management LLC grew its holdings in Western Digital by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 7,921,608 shares of the data storage provider’s stock worth $539,355,000 after acquiring an additional 76,781 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Western Digital by 24.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,711,428 shares of the data storage provider’s stock worth $253,453,000 after acquiring an additional 732,344 shares in the last quarter. Maple Rock Capital Partners Inc. grew its holdings in Western Digital by 13.2% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,287,400 shares of the data storage provider’s stock worth $224,497,000 after acquiring an additional 383,390 shares in the last quarter. Finally, Holocene Advisors LP grew its holdings in Western Digital by 25.7% during the 3rd quarter. Holocene Advisors LP now owns 3,192,762 shares of the data storage provider’s stock worth $218,034,000 after acquiring an additional 651,847 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Western Digital Stock Performance

Shares of WDC opened at $49.07 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.26 and a current ratio of 1.99. The stock has a market capitalization of $17.07 billion, a P/E ratio of 11.68 and a beta of 1.44. The company’s fifty day moving average is $64.14 and its two-hundred day moving average is $65.51. Western Digital Co. has a 1 year low of $39.58 and a 1 year high of $61.16.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings results on Wednesday, January 29th. The data storage provider reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.36). Western Digital had a return on equity of 15.68% and a net margin of 9.95%. On average, sell-side analysts predict that Western Digital Co. will post 4.89 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on WDC. Citigroup boosted their price objective on shares of Western Digital from $60.45 to $64.00 and gave the stock a “buy” rating in a research report on Tuesday. The Goldman Sachs Group boosted their price objective on shares of Western Digital from $70.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Barclays reduced their price objective on shares of Western Digital from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Benchmark downgraded shares of Western Digital from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research report on Thursday, December 19th. Finally, Bank of America reduced their price target on shares of Western Digital from $89.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Western Digital has a consensus rating of “Moderate Buy” and an average price target of $83.05.

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.