Janus Henderson Group PLC Has $176.75 Million Position in Western Digital Corporation (WDC)
Janus Henderson Group PLC increased its stake in Western Digital Corporation (NASDAQ:WDC) by 140.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,994,833 shares of the data storage provider’s stock after buying an additional 1,164,954 shares during the quarter. Janus Henderson Group PLC owned about 0.68% of Western Digital Corporation worth $176,746,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of WDC. Schroder Investment Management Group lifted its position in Western Digital Corporation by 229.9% in the first quarter. Schroder Investment Management Group now owns 3,731 shares of the data storage provider’s stock worth $313,000 after buying an additional 2,600 shares during the last quarter. Accredited Investors Inc. bought a new stake in Western Digital Corporation in the first quarter worth $223,000. ProVise Management Group LLC lifted its position in Western Digital Corporation by 1.1% in the first quarter. ProVise Management Group LLC now owns 24,600 shares of the data storage provider’s stock worth $2,030,000 after buying an additional 268 shares during the last quarter. Concert Wealth Management Inc. lifted its position in Western Digital Corporation by 4.3% in the first quarter. Concert Wealth Management Inc. now owns 7,486 shares of the data storage provider’s stock worth $506,000 after buying an additional 309 shares during the last quarter. Finally, Cibc World Markets Corp lifted its position in Western Digital Corporation by 50.1% in the first quarter. Cibc World Markets Corp now owns 31,573 shares of the data storage provider’s stock worth $2,606,000 after buying an additional 10,545 shares during the last quarter. Institutional investors own 82.34% of the company’s stock.
In other Western Digital Corporation news, insider Michael D. Cordano sold 9,404 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $88.71, for a total value of $834,228.84. Following the sale, the insider now owns 75,385 shares of the company’s stock, valued at approximately $6,687,403.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Srinivasan Sivaram sold 3,098 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $85.00, for a total value of $263,330.00. Following the completion of the sale, the executive vice president now directly owns 74,741 shares in the company, valued at approximately $6,352,985. The disclosure for this sale can be found here. Insiders sold a total of 128,246 shares of company stock worth $11,323,928 in the last ninety days. 0.31% of the stock is owned by corporate insiders.
A number of analysts recently issued reports on the company. Maxim Group restated a “buy” rating and issued a $108.00 price target on shares of Western Digital Corporation in a research report on Wednesday, June 21st. UBS AG reiterated a “neutral” rating and set a $92.00 target price (up from $90.00) on shares of Western Digital Corporation in a research report on Wednesday, June 28th. Guggenheim reiterated a “buy” rating and set a $125.00 target price on shares of Western Digital Corporation in a research report on Wednesday, June 14th. Royal Bank Of Canada reiterated a “buy” rating on shares of Western Digital Corporation in a research report on Monday, June 12th. Finally, FBN Securities lifted their target price on Western Digital Corporation from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, June 30th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $111.15.
Western Digital Corporation (WDC) traded up 0.32% during trading on Friday, reaching $83.85. The company’s stock had a trading volume of 3,489,928 shares. The stock has a 50 day moving average price of $87.20 and a 200 day moving average price of $87.11. The stock has a market capitalization of $24.73 billion, a PE ratio of 62.57 and a beta of 1.24. Western Digital Corporation has a 1-year low of $52.10 and a 1-year high of $95.77.
Western Digital Corporation (NASDAQ:WDC) last posted its quarterly earnings results on Thursday, July 27th. The data storage provider reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.42. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.82 billion. Western Digital Corporation had a return on equity of 21.23% and a net margin of 2.08%. Western Digital Corporation’s revenue for the quarter was up 38.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 EPS. Analysts anticipate that Western Digital Corporation will post $12.38 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, September 28th. Western Digital Corporation’s dividend payout ratio is currently 156.25%.
Western Digital Corporation Profile
Western Digital Corporation (Western Digital) is a developer, manufacturer and provider of data storage devices and solutions that address the needs of the information technology (IT) industry and the infrastructure that enables the proliferation of data in virtually every industry. The Company’s portfolio of offerings addresses three categories: Datacenter Devices and Solutions (capacity and performance enterprise hard disk drives (HDDs), enterprise solid state drives (SSDs), datacenter software and system solutions); Client Devices (mobile, desktop, gaming and digital video hard drives, client SSDs, embedded products and wafers), and Client Solutions (removable products, hard drive content solutions and flash content solutions).
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