Danske Bank A S Invests $46.65 Million in Western Digital Corporation $WDC

Danske Bank A S acquired a new stake in Western Digital Corporation (NASDAQ:WDC) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 388,522 shares of the data storage provider’s stock, valued at approximately $46,646,000. Danske Bank A S owned about 0.11% of Western Digital at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of WDC. ORG Partners LLC boosted its stake in shares of Western Digital by 124.5% during the 3rd quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock worth $25,000 after acquiring an additional 117 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of Western Digital by 551.4% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock valued at $29,000 after acquiring an additional 204 shares in the last quarter. Grove Bank & Trust acquired a new stake in Western Digital in the 3rd quarter worth approximately $30,000. Westfuller Advisors LLC acquired a new stake in Western Digital in the 3rd quarter worth approximately $30,000. Finally, Cornerstone Planning Group LLC boosted its position in Western Digital by 207.0% during the third quarter. Cornerstone Planning Group LLC now owns 264 shares of the data storage provider’s stock worth $32,000 after purchasing an additional 178 shares during the period. 92.51% of the stock is currently owned by institutional investors.

Western Digital Trading Down 2.8%

WDC stock opened at $304.90 on Thursday. Western Digital Corporation has a 1-year low of $28.83 and a 1-year high of $319.62. The company has a current ratio of 1.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $261.19 and its 200-day moving average is $183.76. The firm has a market cap of $103.37 billion, a P/E ratio of 30.58, a P/E/G ratio of 0.72 and a beta of 1.76.

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

Western Digital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Thursday, March 5th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, March 5th. Western Digital’s dividend payout ratio (DPR) is 5.02%.

Insider Buying and Selling at Western Digital

In related news, insider Vidyadhara K. Gubbi sold 8,518 shares of Western Digital 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 sale, the insider directly owned 99,276 shares of the company’s stock, valued at $25,347,148.32. The trade was a 7.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew E. Massengill sold 36,926 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $260.43, for a total transaction of $9,616,638.18. The disclosure for this sale is available in the SEC filing. Insiders have sold 92,795 shares of company stock worth $24,265,884 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WDC. Barclays raised their price target on Western Digital from $240.00 to $325.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. China Renaissance began coverage on Western Digital in a research report on Friday, December 5th. They set a “buy” rating and a $193.00 price objective for the company. Bank of America increased their target price on Western Digital from $197.00 to $257.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Morgan Stanley raised their target price on Western Digital from $260.00 to $306.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Finally, Evercore reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Western Digital in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Western Digital has a consensus rating of “Moderate Buy” and an average target price of $265.58.

Trending Headlines about Western Digital

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

Western Digital 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.