California State Teachers Retirement System Sells 8,794 Shares of Western Digital Co. (NASDAQ:WDC)

California State Teachers Retirement System decreased its holdings in shares of Western Digital Co. (NASDAQ:WDCFree Report) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 493,491 shares of the data storage provider’s stock after selling 8,794 shares during the period. California State Teachers Retirement System owned about 0.15% of Western Digital worth $25,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of WDC. Signaturefd LLC boosted its holdings in Western Digital by 10.9% in the 4th quarter. Signaturefd LLC now owns 2,577 shares of the data storage provider’s stock worth $135,000 after buying an additional 254 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Western Digital by 79.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 747 shares of the data storage provider’s stock worth $34,000 after buying an additional 330 shares during the period. Lindbrook Capital LLC boosted its holdings in Western Digital by 121.7% in the 4th quarter. Lindbrook Capital LLC now owns 614 shares of the data storage provider’s stock worth $32,000 after buying an additional 337 shares during the period. Natixis Advisors L.P. boosted its holdings in Western Digital by 0.9% in the 3rd quarter. Natixis Advisors L.P. now owns 37,156 shares of the data storage provider’s stock worth $1,695,000 after buying an additional 338 shares during the period. Finally, Wahed Invest LLC boosted its holdings in Western Digital by 7.3% in the 3rd quarter. Wahed Invest LLC now owns 5,010 shares of the data storage provider’s stock worth $229,000 after buying an additional 340 shares during the period. Institutional investors own 92.51% of the company’s stock.

Western Digital Stock Up 4.0 %

Western Digital stock opened at $76.90 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.86 and a quick ratio of 1.07. The company’s 50-day moving average is $71.84 and its 200 day moving average is $60.74. Western Digital Co. has a 1-year low of $35.62 and a 1-year high of $77.66.

Western Digital (NASDAQ:WDCGet Free Report) last issued its earnings results on Thursday, April 25th. The data storage provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter was up 23.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.57) EPS. Equities research analysts anticipate that Western Digital Co. will post -1.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Western Digital news, 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 value of $185,227.60. Following the transaction, the director now directly owns 20,509 shares in the company, valued at approximately $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, Director Kimberly Alexy sold 2,648 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $69.95, for a total transaction of $185,227.60. Following the transaction, the director now directly owns 20,509 shares in the company, valued at $1,434,604.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Gene M. Zamiska sold 443 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $75.00, for a total transaction of $33,225.00. Following the transaction, the senior vice president now owns 30,958 shares in the company, valued at $2,321,850. The disclosure for this sale can be found here. Insiders have sold 3,507 shares of company stock worth $248,355 in the last three months. Corporate insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on WDC. Barclays boosted their price target on shares of Western Digital from $70.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Evercore ISI boosted their price target on shares of Western Digital from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. StockNews.com upgraded shares of Western Digital from a “sell” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird boosted their price target on shares of Western Digital from $65.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, The Goldman Sachs Group boosted their price target on shares of Western Digital from $58.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.70.

Read Our Latest Research Report on Western Digital

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.

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

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