Achmea Investment Management B.V. Buys 11,625 Shares of Western Digital Corporation $WDC

Achmea Investment Management B.V. lifted its holdings in Western Digital Corporation (NASDAQ:WDC) by 18.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,371 shares of the data storage provider’s stock after acquiring an additional 11,625 shares during the quarter. Achmea Investment Management B.V.’s holdings in Western Digital were worth $9,169,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in WDC. Vanguard Group Inc. lifted its holdings in Western Digital by 0.6% in the third quarter. Vanguard Group Inc. now owns 43,282,393 shares of the data storage provider’s stock valued at $5,196,484,000 after buying an additional 243,177 shares during the period. WCM Investment Management LLC bought a new stake in shares of Western Digital in the third quarter valued at about $791,317,000. Holocene Advisors LP boosted its position in Western Digital by 8.5% during the 2nd quarter. Holocene Advisors LP now owns 5,535,972 shares of the data storage provider’s stock worth $354,247,000 after acquiring an additional 431,419 shares during the last quarter. Northern Trust Corp boosted its holdings in Western Digital by 11.2% during the third quarter. Northern Trust Corp now owns 3,805,463 shares of the data storage provider’s stock worth $456,884,000 after purchasing an additional 384,103 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Western Digital by 11.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,804,907 shares of the data storage provider’s stock worth $456,737,000 after buying an additional 402,981 shares during the last quarter. Institutional investors own 92.51% of the company’s stock.

Western Digital Trading Down 2.8%

WDC opened at $304.90 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.19. Western Digital Corporation has a fifty-two week low of $28.83 and a fifty-two week high of $319.62. The firm has a market capitalization of $103.37 billion, a price-to-earnings ratio of 30.58, a PEG ratio of 0.72 and a beta of 1.76. The company’s 50 day moving average price is $261.19 and its two-hundred day moving average price is $183.76.

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

Western Digital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Thursday, March 5th were issued a dividend of $0.125 per share. The ex-dividend date was Thursday, March 5th. This represents a $0.50 annualized dividend and a yield of 0.2%. Western Digital’s dividend payout ratio is 5.02%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WDC. UBS Group set a $306.00 price objective on shares of Western Digital in a research report on Friday, January 30th. Mizuho lifted their target price on shares of Western Digital to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Susquehanna reiterated a “neutral” rating and issued a $285.00 price target on shares of Western Digital in a research note on Friday, February 6th. Wall Street Zen cut Western Digital from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Finally, TD Cowen upped their price objective on Western Digital from $200.00 to $325.00 and gave the company a “buy” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $265.58.

More Western Digital News

Here are the key news stories impacting Western Digital this week:

• Positive Sentiment: Analysts and market commentators point to constrained supply for 2026 and continued demand upside, with Cantor Fitzgerald highlighting significant further upside on reports WDC is sold out of capacity for next year. Should You Chase the Rally in Western Digital Stock Today?
• Positive Sentiment: Company hit all‑time highs ahead of a quarterly dividend and analysts are increasingly framing WDC as an AI-storage beneficiary; some models hold fair value around $321, supporting the constructive narrative. Western Digital (WDC) Climbs to All-Time High on Dividend Payment How The Western Digital (WDC) Narrative Is Shifting With AI Storage Hopes And Lofty Targets
• Positive Sentiment: Reputation and governance recognition: WDC was named one of the 2026 World’s Most Ethical Companies for the eighth consecutive year — bolsters ESG credentials for institutional holders. Ethisphere Names WD as One of the 2026 World’s Most Ethical Companies® for the Eighth Time
• Positive Sentiment: Long-term institutional interest: commentary notes substantial historical inflows and institutional accumulation trends that support a bullish structural thesis. Beyond Data, Western Digital Stores Institutional Capital
• Neutral Sentiment: Macro and stock-selection reminders: one piece cautions that cash generation alone doesn’t guarantee smart reinvestment — a reminder to evaluate capital allocation. 2 Cash-Producing Stocks to Keep an Eye On and 1 We Question
• Neutral Sentiment: Competition and market structure: Seagate and flash-storage trends are being watched as potential offsets to HDD demand upside; investors should weigh competitive risks. Can Video Data Growth Drive Demand for Seagate’s HDD Portfolio?
• Neutral Sentiment: Broader-market context: commodity moves and Fed/earnings calendars are capping gains in the tape — macro factors that can drive short-term volatility. Dow Jones Futures: Oil Prices Cap Market Gains; Fed Looms, Micron Earnings Could Trigger 8 Buys
• Negative Sentiment: Short-term pullback/profit-taking: commentators note WDC fell more than the broader market on the session, likely reflecting profit-taking after the recent run to all‑time highs and sensitivity to wider market swings. Here’s Why Western Digital (WDC) Fell More Than Broader Market

Insider Activity

In other news, insider Vidyadhara K. Gubbi sold 8,518 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $255.32, for a total transaction of $2,174,815.76. Following the completion of the transaction, the insider owned 99,276 shares in the company, valued at approximately $25,347,148.32. This represents a 7.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $255.44, for a total value of $5,108,800.00. Following the transaction, the chief executive officer directly owned 623,586 shares of the company’s stock, valued at $159,288,807.84. The trade was a 3.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 92,795 shares of company stock worth $24,265,884. 0.18% of the stock is owned by insiders.

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.