Assetmark Inc. Boosts Holdings in Western Digital Corporation $WDC

Assetmark Inc. increased its holdings in shares of Western Digital Corporation (NASDAQ:WDC) by 2.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 105,373 shares of the data storage provider’s stock after acquiring an additional 2,943 shares during the period. Assetmark Inc.’s holdings in Western Digital were worth $12,651,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. WCM Investment Management LLC purchased a new position in Western Digital during the 3rd quarter valued at about $791,317,000. Norges Bank purchased a new stake in shares of Western Digital in the 2nd quarter worth approximately $220,680,000. Soroban Capital Partners LP boosted its stake in shares of Western Digital by 1,926.3% during the second quarter. Soroban Capital Partners LP now owns 3,061,134 shares of the data storage provider’s stock valued at $195,882,000 after purchasing an additional 2,910,062 shares in the last quarter. AQR Capital Management LLC increased its holdings in Western Digital by 175.4% during the second quarter. AQR Capital Management LLC now owns 1,232,071 shares of the data storage provider’s stock valued at $78,347,000 after buying an additional 784,645 shares during the period. Finally, First Trust Advisors LP raised its stake in Western Digital by 338.3% in the second quarter. First Trust Advisors LP now owns 936,313 shares of the data storage provider’s stock worth $59,915,000 after buying an additional 722,702 shares in the last quarter. 92.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Benchmark raised their price target on shares of Western Digital from $115.00 to $163.00 and gave the company a “buy” rating in a report on Friday, October 31st. TD Cowen boosted their price objective on shares of Western Digital from $200.00 to $325.00 and gave the company a “buy” rating in a report on Friday, January 30th. Susquehanna restated a “neutral” rating and issued a $285.00 target price on shares of Western Digital in a research note on Friday, February 6th. Bank of America boosted their price target on Western Digital from $197.00 to $257.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, Cantor Fitzgerald lifted their target price on Western Digital to $325.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. One equities 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. According to data from MarketBeat.com, Western Digital currently has an average rating of “Moderate Buy” and an average target price of $265.58.

Western Digital Stock Down 0.9%

NASDAQ WDC opened at $281.58 on Monday. Western Digital Corporation has a one year low of $28.83 and a one year high of $307.50. The company has a market cap of $95.47 billion, a P/E ratio of 28.24, a P/E/G ratio of 0.65 and a beta of 1.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.46. The business has a fifty day moving average price of $216.93 and a 200 day moving average price of $152.19.

Western Digital (NASDAQ:WDC) last released its earnings results on Thursday, January 29th. The data storage provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.20. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period last year, the company posted $1.77 EPS. The business’s revenue was up 25.2% on a year-over-year basis. Research analysts anticipate that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Western Digital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Thursday, March 5th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.2%. Western Digital’s dividend payout ratio is currently 5.02%.

Insider Activity

In other news, Director Matthew E. Massengill sold 36,926 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $260.43, for a total value of $9,616,638.18. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Roxanne Oulman sold 1,800 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $154.42, for a total value of $277,956.00. Following the completion of the sale, the director owned 3,863 shares in the company, valued at $596,524.46. This represents a 31.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 70,522 shares of company stock worth $17,661,708. 0.18% of the stock is owned by company insiders.

Trending Headlines about Western Digital

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.

About Western Digital

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.