Western Digital Co. (NASDAQ:WDC) Shares Purchased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its holdings in shares of Western Digital Co. (NASDAQ:WDC) by 2.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,113 shares of the data storage provider’s stock after buying an additional 404 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Western Digital were worth $739,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WDC. Naples Money Management LLC acquired a new stake in shares of Western Digital during the fourth quarter worth $26,000. Lindbrook Capital LLC lifted its position in Western Digital by 121.7% during the 4th quarter. Lindbrook Capital LLC now owns 614 shares of the data storage provider’s stock worth $32,000 after acquiring an additional 337 shares during the period. Parkside Financial Bank & Trust grew its stake in Western Digital by 79.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 747 shares of the data storage provider’s stock valued at $34,000 after purchasing an additional 330 shares during the last quarter. CVA Family Office LLC acquired a new position in shares of Western Digital in the fourth quarter valued at about $41,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Western Digital in the third quarter valued at about $41,000. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Western Digital Trading Up 1.8 %

Shares of NASDAQ:WDC opened at $70.95 on Friday. The business’s 50 day moving average price is $66.35 and its 200-day moving average price is $55.64. Western Digital Co. has a 1 year low of $32.01 and a 1 year high of $76.92. The company has a current ratio of 1.86, a quick ratio of 1.07 and a debt-to-equity ratio of 0.72.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data on Thursday, April 25th. The data storage provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.42. The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.37 billion. Western Digital had a negative net margin of 12.87% and a negative return on equity of 13.75%. The company’s revenue was up 23.3% compared to the same quarter last year. During the same period last year, the firm posted ($1.57) earnings per share. Research analysts anticipate that Western Digital Co. will post -1.68 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on WDC shares. Wedbush reiterated an “outperform” rating and issued a $85.00 target price on shares of Western Digital in a research report on Friday, April 26th. Deutsche Bank Aktiengesellschaft raised shares of Western Digital from a “hold” rating to a “buy” rating and upped their price objective for the company from $45.00 to $65.00 in a report on Tuesday, January 16th. Morgan Stanley raised their target price on shares of Western Digital from $83.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Rosenblatt Securities raised shares of Western Digital from a “neutral” rating to a “buy” rating in a report on Friday, April 5th. Finally, UBS Group lifted their price objective on Western Digital from $65.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.76.

Insider Activity at Western Digital

In other Western Digital news, Director Kimberly Alexy sold 2,648 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $69.95, for a total transaction of $185,227.60. Following the completion of the transaction, the director now owns 20,509 shares of the company’s stock, valued at $1,434,604.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Gene M. Zamiska sold 443 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $75.00, for a total value of $33,225.00. Following the transaction, the senior vice president now directly owns 30,958 shares of the company’s stock, valued at $2,321,850. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kimberly Alexy sold 2,648 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $69.95, for a total transaction of $185,227.60. Following the sale, the director now directly owns 20,509 shares of the company’s stock, valued at approximately $1,434,604.55. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.

Western Digital 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.