Janus Henderson Group PLC Has $14 Million Stock Holdings in Western Digital Corporation $WDC

Janus Henderson Group PLC raised its holdings in Western Digital Corporation (NASDAQ:WDC) by 47.6% in the 1st quarter, HoldingsChannel reports. The fund owned 51,727 shares of the data storage provider’s stock after acquiring an additional 16,682 shares during the period. Janus Henderson Group PLC’s holdings in Western Digital were worth $13,996,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Rakuten Securities Inc. grew its stake in shares of Western Digital by 4,070.0% in the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 407 shares during the last quarter. Avion Wealth raised its position in Western Digital by 163.8% during the 4th quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 113 shares during the last quarter. Valley Wealth Managers Inc. acquired a new position in Western Digital during the 1st quarter worth about $32,000. Swiss RE Ltd. bought a new stake in shares of Western Digital in the 4th quarter valued at about $32,000. Finally, BOKF NA grew its position in shares of Western Digital by 6,700.0% in the 3rd quarter. BOKF NA now owns 272 shares of the data storage provider’s stock valued at $33,000 after buying an additional 268 shares during the last quarter. Institutional investors own 92.51% of the company’s stock.

Western Digital Price Performance

Shares of NASDAQ:WDC opened at $548.56 on Wednesday. The company has a market capitalization of $189.08 billion, a price-to-earnings ratio of 32.75 and a beta of 2.14. The business’s 50-day moving average is $569.37 and its 200-day moving average is $413.52. Western Digital Corporation has a 1 year low of $73.14 and a 1 year high of $799.87.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on WDC shares. Barclays raised their price objective on Western Digital from $450.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 27th. Rosenblatt Securities upped their target price on Western Digital from $340.00 to $500.00 and gave the company a “buy” rating in a report on Friday, May 1st. Morgan Stanley increased their target price on shares of Western Digital from $488.00 to $650.00 and gave the company an “overweight” rating in a research report on Monday, June 15th. Cantor Fitzgerald raised their price target on shares of Western Digital from $660.00 to $900.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Western Digital from $530.00 to $650.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $520.32.

Key Western Digital News

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

• Positive Sentiment: Analysts remain broadly optimistic about Western Digital (WDC) after its substantial year-to-date rally. Coverage highlights strong earnings-surprise history, favorable ratings and price targets that generally point to additional upside, although expectations are elevated. Are Wall Street Analysts Predicting Western Digital Stock Will Climb or Sink?
• Positive Sentiment: Investors are looking for WDC to benefit from continued AI-related infrastructure investment and improving enterprise-storage demand. Strong results from rival Seagate have reinforced hopes that Western Digital could deliver a similarly positive earnings update. Should You Buy Western Digital Before Its Earnings Report?
• Neutral Sentiment: Multiple previews say the earnings release could either rekindle investor enthusiasm or trigger a sharp reaction, since the stock has already risen significantly. Key issues include management’s outlook for demand, gross margin expansion and the durability of the AI-storage cycle. Sandisk and Western Digital Are Set to Report Earnings Soon
• Negative Sentiment: Recent weakness across memory and storage stocks reflects profit-taking, valuation concerns and caution ahead of earnings. Investors are also monitoring competition in the memory market and broader semiconductor-sector volatility. Western Digital Slides as Investors Appear to De-Risk Ahead of Earnings
• Negative Sentiment: Reported insider-trading data shows substantial selling by company executives and other insiders over the past six months, with no reported open-market purchases. While such sales may reflect compensation or diversification, they could add to investor caution at elevated valuations.

Insiders Place Their Bets

In other Western Digital news, Director Bruce E. Kiddoo sold 750 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $528.52, for a total value of $396,390.00. Following the transaction, the director directly owned 3,903 shares of the company’s stock, valued at approximately $2,062,813.56. The trade was a 16.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Vidyadhara K. Gubbi sold 2,475 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $556.24, for a total value of $1,376,694.00. Following the completion of the transaction, the insider directly owned 85,154 shares in the company, valued at approximately $47,366,060.96. This trade represents a 2.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 5,093 shares of company stock worth $2,751,337. 0.18% of the stock is owned by corporate insiders.

Western Digital Company 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.