Vanguard Personalized Indexing Management LLC Purchases 1,757 Shares of Western Digital Co. (NASDAQ:WDC)

Vanguard Personalized Indexing Management LLC grew its position in Western Digital Co. (NASDAQ:WDC) by 12.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,810 shares of the data storage provider’s stock after acquiring an additional 1,757 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Western Digital were worth $828,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Naples Money Management LLC acquired a new stake in Western Digital in the fourth quarter valued at $26,000. Lindbrook Capital LLC increased its holdings in Western Digital by 121.7% in the fourth quarter. Lindbrook Capital LLC now owns 614 shares of the data storage provider’s stock valued at $32,000 after purchasing an additional 337 shares during the period. Parkside Financial Bank & Trust increased its holdings in Western Digital by 79.1% in the third quarter. Parkside Financial Bank & Trust now owns 747 shares of the data storage provider’s stock valued at $34,000 after purchasing an additional 330 shares during the period. Northwest Financial Advisors acquired a new stake in Western Digital in the fourth quarter valued at $35,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Western Digital in the third quarter valued at $41,000. 92.51% of the stock is currently owned by institutional investors.

Western Digital Trading Up 1.3 %

Shares of NASDAQ WDC opened at $74.01 on Wednesday. Western Digital Co. has a fifty-two week low of $35.62 and a fifty-two week high of $76.92. The company has a quick ratio of 1.07, a current ratio of 1.86 and a debt-to-equity ratio of 0.72. The firm’s 50-day simple moving average is $69.30 and its 200 day simple moving average is $58.61.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings results on Thursday, April 25th. The data storage provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.42. Western Digital had a negative net margin of 12.87% and a negative return on equity of 13.75%. The business had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter last year, the firm earned ($1.57) EPS. The firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. As a group, research analysts forecast that Western Digital Co. will post -1.68 EPS for the current fiscal year.

Insiders Place Their Bets

In other Western Digital news, SVP Gene M. Zamiska sold 443 shares of Western Digital 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 of the company’s stock, valued at approximately $2,321,850. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Western Digital news, SVP Gene M. Zamiska sold 443 shares of Western Digital 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 of the company’s stock, valued at approximately $2,321,850. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kimberly Alexy sold 2,648 shares of Western Digital stock in a transaction that occurred on Monday, April 1st. The stock was 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 approximately $1,434,604.55. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

WDC has been the subject of a number of recent research reports. Evercore ISI increased their price objective on Western Digital from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Wedbush reiterated an “outperform” rating and set a $85.00 price target on shares of Western Digital in a report on Friday, April 26th. Robert W. Baird increased their price target on Western Digital from $65.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Citigroup initiated coverage on Western Digital in a report on Tuesday, May 14th. They set a “buy” rating and a $90.00 price target for the company. Finally, The Goldman Sachs Group increased their price target on Western Digital from $58.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $78.32.

Western Digital Profile

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.