Envestnet Portfolio Solutions Inc. Makes New $1.83 Million Investment in Western Digital Corporation $WDC

Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Western Digital Corporation (NASDAQ:WDC) in the third quarter, according to its most recent filing with the SEC. The firm purchased 15,243 shares of the data storage provider’s stock, valued at approximately $1,830,000.

Several other institutional investors have also modified their holdings of WDC. ORG Partners LLC raised its holdings in Western Digital by 124.5% during the third 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 last quarter. Private Wealth Management Group LLC increased its position in shares of Western Digital by 102.5% in the second quarter. Private Wealth Management Group LLC now owns 399 shares of the data storage provider’s stock valued at $26,000 after buying an additional 202 shares in the last quarter. Rakuten Securities Inc. raised its stake in shares of Western Digital by 4,070.0% during the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after buying an additional 407 shares during the last quarter. NewSquare Capital LLC boosted its position in shares of Western Digital by 86.9% in the 2nd 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, Grove Bank & Trust acquired a new stake in Western Digital in the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Western Digital Price Performance

Western Digital stock opened at $240.85 on Tuesday. Western Digital Corporation has a 1 year low of $28.83 and a 1 year high of $250.44. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.94 and a current ratio of 1.21. The firm has a 50 day moving average price of $184.11 and a 200 day moving average price of $132.01. The company has a market cap of $82.35 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 1.13 and a beta of 1.78.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings results on Thursday, October 30th. The data storage provider reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.21. Western Digital had a net margin of 21.37% and a return on equity of 30.89%. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same quarter last year, the business earned $1.78 EPS. Western Digital’s revenue for the quarter was up 27.4% on a year-over-year basis. Western Digital has set its Q2 2026 guidance at 1.730-2.030 EPS. Sell-side analysts predict that Western Digital Corporation will post 4.89 earnings per share for the current year.

Western Digital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.2%. This is a boost from Western Digital’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, December 4th. Western Digital’s dividend payout ratio (DPR) is presently 7.28%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on WDC shares. UBS Group lifted their target price on shares of Western Digital from $145.00 to $230.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Bank of America lifted their price objective on Western Digital from $197.00 to $257.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Mizuho set a $240.00 target price on Western Digital in a research note on Friday, January 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Western Digital in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. boosted their price target on Western Digital from $94.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Western Digital currently has an average rating of “Moderate Buy” and an average price target of $206.29.

Insider Transactions at Western Digital

In related news, Director Roxanne Oulman sold 1,800 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $154.42, for a total transaction of $277,956.00. Following the completion of the sale, the director owned 3,863 shares of the company’s stock, valued at approximately $596,524.46. This represents a 31.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kimberly Alexy sold 1,768 shares of Western Digital stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $154.00, for a total transaction of $272,272.00. Following the transaction, the director directly owned 3,585 shares in the company, valued at approximately $552,090. This trade represents a 33.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 26,816 shares of company stock valued at $4,116,148. Insiders own 0.18% of the company’s stock.

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.