Tredje AP fonden Sells 25,262 Shares of Western Digital Co. (NASDAQ:WDC)

Tredje AP fonden trimmed its position in shares of Western Digital Co. (NASDAQ:WDC) by 50.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,262 shares of the data storage provider’s stock after selling 25,262 shares during the quarter. Tredje AP fonden’s holdings in Western Digital were worth $1,506,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Western Digital by 32.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,131 shares of the data storage provider’s stock valued at $2,691,000 after acquiring an additional 11,013 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Western Digital by 6.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 841,700 shares of the data storage provider’s stock valued at $50,191,000 after acquiring an additional 50,188 shares in the last quarter. Principal Financial Group Inc. boosted its position in Western Digital by 4.0% during the 4th quarter. Principal Financial Group Inc. now owns 390,826 shares of the data storage provider’s stock valued at $23,305,000 after acquiring an additional 15,189 shares in the last quarter. Ieq Capital LLC boosted its position in Western Digital by 83.9% during the 4th quarter. Ieq Capital LLC now owns 31,634 shares of the data storage provider’s stock valued at $1,886,000 after acquiring an additional 14,432 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its position in Western Digital by 53.3% during the 4th quarter. Handelsbanken Fonder AB now owns 99,444 shares of the data storage provider’s stock valued at $5,930,000 after acquiring an additional 34,579 shares in the last quarter. 92.51% of the stock is owned by institutional investors.

Insider Transactions at Western Digital

In other Western Digital news, SVP Gene M. Zamiska sold 1,659 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $41.36, for a total value of $68,616.24. Following the completion of the sale, the senior vice president now owns 43,776 shares in the company, valued at approximately $1,810,575.36. This represents a 3.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.30% of the stock is currently owned by company insiders.

Western Digital Price Performance

Shares of WDC opened at $44.53 on Friday. The firm has a market cap of $15.49 billion, a PE ratio of 10.60 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 firm has a fifty day simple moving average of $59.79 and a two-hundred day simple moving average of $63.78. Western Digital Co. has a 1-year low of $39.42 and a 1-year high of $81.55.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data 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 return on equity of 15.68% and a net margin of 9.95%. On average, equities analysts anticipate that Western Digital Co. will post 4.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Citigroup lifted their price objective on Western Digital from $60.45 to $64.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group boosted their price target on Western Digital from $70.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Robert W. Baird dropped their price target on Western Digital from $100.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Morgan Stanley dropped their price target on Western Digital from $100.00 to $93.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Finally, Bank of America dropped their price target on Western Digital from $89.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.47.

About Western Digital

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.