Western Digital Co. (NASDAQ:WDC) Holdings Raised by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. grew its position in Western Digital Co. (NASDAQ:WDC) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 126,500 shares of the data storage provider’s stock after acquiring an additional 2,100 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Western Digital were worth $7,543,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc increased its holdings in shares of Western Digital by 278.9% in the 4th quarter. Versant Capital Management Inc now owns 413 shares of the data storage provider’s stock valued at $25,000 after acquiring an additional 304 shares during the last quarter. True Wealth Design LLC grew its stake in Western Digital by 2,184.2% during the 3rd quarter. True Wealth Design LLC now owns 434 shares of the data storage provider’s stock worth $30,000 after buying an additional 415 shares during the last quarter. Sierra Ocean LLC bought a new position in Western Digital during the 4th quarter worth $29,000. Comprehensive Financial Planning Inc. PA bought a new position in Western Digital during the 4th quarter worth $30,000. Finally, Capital Performance Advisors LLP bought a new position in Western Digital during the 3rd quarter worth $41,000. 92.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wells Fargo & Company lowered their price objective on Western Digital from $85.00 to $75.00 and set an “overweight” rating for the company in a research note on Tuesday. Citigroup upped their price objective on Western Digital from $60.45 to $64.00 and gave the stock a “buy” rating in a research note on Tuesday. Mizuho reduced their price target on Western Digital from $90.00 to $82.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Barclays reduced their price target on Western Digital from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, UBS Group boosted their price target on Western Digital from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $83.05.

Western Digital Trading Up 1.5 %

Shares of NASDAQ WDC opened at $48.93 on Friday. Western Digital Co. has a 12 month low of $39.58 and a 12 month high of $61.16. The company has a market cap of $17.02 billion, a price-to-earnings ratio of 11.65 and a beta of 1.44. The company has a quick ratio of 1.26, a current ratio of 1.99 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $63.42 and a 200-day simple moving average of $65.21.

Western Digital (NASDAQ:WDC) last announced its earnings results on Wednesday, January 29th. The data storage provider reported $1.55 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.36). Western Digital had a net margin of 9.95% and a return on equity of 15.68%. Sell-side analysts predict that Western Digital Co. will post 4.89 EPS for the current year.

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.