5,445 Shares in Western Digital Corporation $WDC Purchased by Krilogy Financial LLC

Krilogy Financial LLC purchased a new stake in shares of Western Digital Corporation (NASDAQ:WDC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,445 shares of the data storage provider’s stock, valued at approximately $654,000.

Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of Western Digital by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 9,305,289 shares of the data storage provider’s stock valued at $593,045,000 after purchasing an additional 186,030 shares during the period. WCM Investment Management LLC purchased a new position in Western Digital in the third quarter valued at $791,317,000. Holocene Advisors LP increased its holdings in Western Digital by 8.5% in the second quarter. Holocene Advisors LP now owns 5,535,972 shares of the data storage provider’s stock valued at $354,247,000 after buying an additional 431,419 shares in the last quarter. Maple Rock Capital Partners Inc. raised its position in shares of Western Digital by 17.1% in the second quarter. Maple Rock Capital Partners Inc. now owns 3,735,296 shares of the data storage provider’s stock worth $239,022,000 after acquiring an additional 545,500 shares during the period. Finally, Norges Bank purchased a new stake in shares of Western Digital during the 2nd quarter worth about $220,680,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Western Digital News Summary

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.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on WDC shares. The Goldman Sachs Group set a $250.00 price target on Western Digital in a research note on Tuesday, February 3rd. Susquehanna restated a “neutral” rating and issued a $285.00 price objective on shares of Western Digital in a research report on Friday, February 6th. Evercore reaffirmed an “outperform” rating and set a $230.00 target price on shares of Western Digital in a research note on Friday, January 16th. Wall Street Zen raised shares of Western Digital from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Finally, Citigroup upped their price objective on shares of Western Digital to $325.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Western Digital currently has a consensus rating of “Moderate Buy” and an average target price of $265.58.

Western Digital Trading Down 0.9%

Shares of WDC opened at $281.58 on Friday. Western Digital Corporation has a 52-week low of $28.83 and a 52-week high of $307.50. The stock has a market cap of $95.47 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 0.66 and a beta of 1.80. The firm’s fifty day moving average is $216.93 and its two-hundred day moving average is $151.06. The company has a quick ratio of 1.19, a current ratio of 1.46 and a debt-to-equity ratio of 0.34.

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

Western Digital Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $255.44, for a total transaction of $5,108,800.00. Following the transaction, the chief executive officer owned 623,586 shares in the company, valued at $159,288,807.84. The trade was a 3.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matthew E. Massengill sold 36,926 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $260.43, for a total transaction of $9,616,638.18. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 70,522 shares of company stock valued at $17,661,708. Insiders own 0.18% of the company’s stock.

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.