Western Digital Co. (NASDAQ:WDC) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lowered its holdings in Western Digital Co. (NASDAQ:WDC) by 30.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 306,276 shares of the data storage provider’s stock after selling 133,463 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 0.09% of Western Digital worth $18,254,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WDC. Versant Capital Management Inc grew its holdings in Western Digital by 278.9% during the 4th quarter. Versant Capital Management Inc now owns 413 shares of the data storage provider’s stock valued at $25,000 after purchasing an additional 304 shares in the last quarter. True Wealth Design LLC grew its holdings 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 valued at $30,000 after purchasing an additional 415 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Western Digital during the 4th quarter valued at $29,000. Comprehensive Financial Planning Inc. PA acquired a new stake in Western Digital during the 4th quarter valued at $30,000. Finally, OFI Invest Asset Management acquired a new stake in Western Digital during the 4th quarter valued at $36,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on WDC shares. Susquehanna lowered their price target on shares of Western Digital from $83.00 to $72.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. The Goldman Sachs Group increased their price objective on shares of Western Digital from $70.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Cantor Fitzgerald reduced their price objective on shares of Western Digital from $95.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Rosenblatt Securities reduced their price target on shares of Western Digital from $115.00 to $95.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Benchmark downgraded shares of Western Digital from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Thursday, December 19th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.47.

Western Digital Stock Down 2.2 %

Western Digital stock opened at $42.03 on Friday. The stock has a market cap of $14.62 billion, a price-to-earnings ratio of 10.01 and a beta of 1.42. The company has a current ratio of 1.99, a quick ratio of 1.26 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average price is $60.58 and its two-hundred day moving average price is $64.06. Western Digital Co. has a 52 week low of $39.42 and a 52 week high of $61.16.

Western Digital (NASDAQ:WDC) last released 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%. On average, analysts expect that Western Digital Co. will post 4.89 EPS for the current fiscal year.

Insider Buying and Selling at Western Digital

In other news, SVP Gene M. Zamiska sold 1,659 shares of Western Digital stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $41.36, for a total value of $68,616.24. Following the transaction, the senior vice president now owns 43,776 shares of the company’s stock, valued at $1,810,575.36. The trade was a 3.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.30% of the stock is owned by corporate insiders.

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.