O Brien Greene & Co. Inc Acquires 70,353 Shares of Western Digital Co. (NASDAQ:WDC)

O Brien Greene & Co. Inc lifted its holdings in Western Digital Co. (NASDAQ:WDC) by 151.5% during the second quarter, Holdings Channel reports. The fund owned 116,786 shares of the data storage provider’s stock after buying an additional 70,353 shares during the quarter. Western Digital makes up 2.8% of O Brien Greene & Co. Inc’s holdings, making the stock its 10th largest holding. O Brien Greene & Co. Inc’s holdings in Western Digital were worth $8,849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Rise Advisors LLC acquired a new stake in Western Digital during the first quarter valued at $25,000. Fairfield Financial Advisors LTD acquired a new stake in Western Digital during the second quarter valued at $29,000. Fidelis Capital Partners LLC acquired a new stake in Western Digital during the first quarter valued at $30,000. SOA Wealth Advisors LLC. acquired a new stake in Western Digital during the first quarter valued at $31,000. Finally, OFI Invest Asset Management acquired a new stake in Western Digital during the second quarter valued at $34,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Citigroup decreased their price objective on shares of Western Digital from $95.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, September 10th. TD Cowen decreased their price objective on shares of Western Digital from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, September 13th. Mizuho increased their price objective on shares of Western Digital from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday, May 31st. StockNews.com raised shares of Western Digital from a “sell” rating to a “hold” rating in a report on Saturday, July 6th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $115.00 price target on shares of Western Digital in a research note on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Western Digital presently has a consensus rating of “Moderate Buy” and an average price target of $83.05.

Western Digital Price Performance

Shares of WDC opened at $65.89 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.53. The firm has a 50-day simple moving average of $65.72 and a two-hundred day simple moving average of $69.48. Western Digital Co. has a 1-year low of $35.62 and a 1-year high of $81.55.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Wednesday, July 31st. The data storage provider reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.17. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Western Digital had a negative net margin of 3.75% and a negative return on equity of 2.63%. On average, analysts anticipate that Western Digital Co. will post 7.75 EPS for the current year.

Insider Activity at Western Digital

In related news, EVP Robert Soderbery sold 12,154 shares of Western Digital stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $57.09, for a total value of $693,871.86. Following the completion of the transaction, the executive vice president now owns 128,413 shares in the company, valued at $7,331,098.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Gene M. Zamiska sold 2,900 shares of Western Digital stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $61.48, for a total value of $178,292.00. Following the completion of the transaction, the senior vice president now owns 37,448 shares in the company, valued at $2,302,303.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert Soderbery sold 12,154 shares of Western Digital stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $57.09, for a total transaction of $693,871.86. Following the completion of the transaction, the executive vice president now owns 128,413 shares of the company’s stock, valued at approximately $7,331,098.17. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,955 shares of company stock worth $1,053,560. Corporate insiders own 0.28% of the company’s stock.

Western Digital Company 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.