Robeco Institutional Asset Management B.V. Reduces Holdings in Western Digital Co. (NASDAQ:WDC)

Robeco Institutional Asset Management B.V. trimmed its holdings in Western Digital Co. (NASDAQ:WDC) by 33.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,568 shares of the data storage provider’s stock after selling 8,834 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Western Digital were worth $1,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. State Street Corp increased its stake in shares of Western Digital by 3.2% in the 3rd quarter. State Street Corp now owns 13,572,686 shares of the data storage provider’s stock worth $926,879,000 after acquiring an additional 423,651 shares in the last quarter. Geode Capital Management LLC increased its stake in Western Digital by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 7,921,608 shares of the data storage provider’s stock valued at $539,355,000 after purchasing an additional 76,781 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Western Digital by 24.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,711,428 shares of the data storage provider’s stock valued at $253,453,000 after purchasing an additional 732,344 shares in the last quarter. Maple Rock Capital Partners Inc. increased its stake in Western Digital by 13.2% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 3,287,400 shares of the data storage provider’s stock valued at $224,497,000 after purchasing an additional 383,390 shares in the last quarter. Finally, Holocene Advisors LP increased its stake in Western Digital by 25.7% during the 3rd quarter. Holocene Advisors LP now owns 3,192,762 shares of the data storage provider’s stock valued at $218,034,000 after purchasing an additional 651,847 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors.

Insider Transactions at Western Digital

In other news, SVP Gene M. Zamiska sold 658 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $69.99, for a total value of $46,053.42. Following the transaction, the senior vice president now owns 28,863 shares of the company’s stock, valued at approximately $2,020,121.37. The trade was a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 1,347 shares of company stock valued at $93,027. 0.30% of the stock is currently owned by corporate insiders.

Western Digital Price Performance

Shares of NASDAQ:WDC opened at $63.81 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.99 and a quick ratio of 1.26. Western Digital Co. has a 1-year low of $52.77 and a 1-year high of $81.55. The company has a market capitalization of $22.06 billion, a P/E ratio of 15.19 and a beta of 1.44. The firm’s 50 day simple moving average is $65.39 and its two-hundred day simple moving average is $65.31.

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 return on equity of 15.68% and a net margin of 9.95%. Research analysts expect that Western Digital Co. will post 5.16 EPS for the current fiscal year.

Analyst Ratings Changes

WDC has been the subject of a number of analyst reports. BNP Paribas reduced their price objective on shares of Western Digital from $95.00 to $90.00 in a research note on Thursday, October 24th. Benchmark lowered shares of Western Digital from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research note on Thursday, December 19th. Citigroup reduced their price target on shares of Western Digital from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Susquehanna reduced their price target on shares of Western Digital from $83.00 to $72.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Finally, Rosenblatt Securities reduced their price target on shares of Western Digital from $115.00 to $95.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Western Digital presently has a consensus rating of “Moderate Buy” and an average price target of $84.21.

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.