Quantbot Technologies LP acquired a new stake in Western Digital Corporation (NASDAQ:WDC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,525 shares of the data storage provider’s stock, valued at approximately $135,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Western Digital Corporation by 4.2% in the 2nd quarter. Vanguard Group Inc. now owns 29,942,849 shares of the data storage provider’s stock valued at $2,652,936,000 after acquiring an additional 1,201,394 shares in the last quarter. Iridian Asset Management LLC CT grew its holdings in shares of Western Digital Corporation by 1.8% in the 2nd quarter. Iridian Asset Management LLC CT now owns 5,641,706 shares of the data storage provider’s stock valued at $499,855,000 after acquiring an additional 100,195 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Western Digital Corporation by 10.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,443,866 shares of the data storage provider’s stock valued at $393,778,000 after acquiring an additional 405,293 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Western Digital Corporation by 0.5% in the 2nd quarter. Northern Trust Corp now owns 3,191,625 shares of the data storage provider’s stock valued at $282,778,000 after acquiring an additional 16,436 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Western Digital Corporation by 9.6% in the 1st quarter. Geode Capital Management LLC now owns 3,031,364 shares of the data storage provider’s stock valued at $249,848,000 after acquiring an additional 264,706 shares in the last quarter. Institutional investors own 82.34% of the company’s stock.

Western Digital Corporation (NASDAQ WDC) opened at 83.85 on Friday. The firm has a market capitalization of $24.73 billion, a P/E ratio of 62.57 and a beta of 1.24. Western Digital Corporation has a 12 month low of $52.10 and a 12 month high of $95.77. The firm’s 50-day moving average is $87.20 and its 200 day moving average is $87.11.

Western Digital Corporation (NASDAQ:WDC) last announced its quarterly earnings results on Thursday, July 27th. The data storage provider reported $2.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.51 by $0.42. Western Digital Corporation had a net margin of 2.08% and a return on equity of 21.23%. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period last year, the firm earned $0.79 EPS. The business’s quarterly revenue was up 38.5% compared to the same quarter last year. On average, analysts expect that Western Digital Corporation will post $12.38 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.39%. The ex-dividend date is Thursday, September 28th. Western Digital Corporation’s payout ratio is 156.25%.

In other news, CFO Mark P. Long sold 1,517 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $80.97, for a total transaction of $122,831.49. Following the sale, the chief financial officer now owns 88,207 shares in the company, valued at approximately $7,142,120.79. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Mark P. Long sold 17,028 shares of the firm’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $93.84, for a total transaction of $1,597,907.52. Following the sale, the chief financial officer now owns 53,551 shares in the company, valued at approximately $5,025,225.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 128,246 shares of company stock valued at $11,323,928. Insiders own 0.31% of the company’s stock.

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WDC has been the subject of several analyst reports. Vetr cut Western Digital Corporation from a “strong-buy” rating to a “buy” rating and set a $95.94 price objective for the company. in a report on Tuesday, August 22nd. Maxim Group restated a “buy” rating and issued a $108.00 price objective on shares of Western Digital Corporation in a report on Wednesday, August 30th. ValuEngine cut Western Digital Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Royal Bank Of Canada restated a “buy” rating on shares of Western Digital Corporation in a report on Monday, June 12th. Finally, Cowen and Company restated an “outperform” rating and issued a $117.00 price objective on shares of Western Digital Corporation in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $111.15.

Western Digital Corporation Company 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).

Institutional Ownership by Quarter for Western Digital Corporation (NASDAQ:WDC)

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