Edmond DE Rothschild Holding S.A. Has $4.36 Million Stake in Western Digital Co. (NASDAQ:WDC)

Edmond DE Rothschild Holding S.A. increased its position in shares of Western Digital Co. (NASDAQ:WDC) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,048 shares of the data storage provider’s stock after purchasing an additional 6,470 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Western Digital were worth $4,356,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in WDC. Versant Capital Management Inc increased its holdings in shares of Western Digital by 278.9% during the fourth quarter. Versant Capital Management Inc now owns 413 shares of the data storage provider’s stock worth $25,000 after purchasing an additional 304 shares during the period. True Wealth Design LLC increased 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 acquiring an additional 415 shares during the period. Sierra Ocean LLC bought a new position in Western Digital during the 4th quarter worth $29,000. Comprehensive Financial Planning Inc. PA acquired a new position in Western Digital in the 4th quarter valued at $30,000. Finally, OFI Invest Asset Management bought a new stake in shares of Western Digital during the 4th quarter valued at $36,000. 92.51% of the stock is currently owned by institutional investors.

Western Digital Trading Down 0.5 %

WDC opened at $40.43 on Tuesday. 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 fifty-two week low of $39.10 and a fifty-two week high of $81.55. The company’s 50 day moving average price is $55.20 and its two-hundred day moving average price is $62.25. The firm has a market capitalization of $14.06 billion, a price-to-earnings ratio of 9.63 and a beta of 1.42.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings data on Wednesday, January 29th. The data storage provider reported $1.55 earnings per share 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%. As a group, research analysts predict that Western Digital Co. will post 4.89 earnings per share for the current year.

Insider Buying and Selling at Western Digital

In related news, SVP Gene M. Zamiska sold 1,659 shares of Western Digital stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 43,776 shares of the company’s stock, valued at $1,810,575.36. The trade was a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WDC. Barclays decreased their price target on Western Digital from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. StockNews.com cut shares of Western Digital from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Wedbush reaffirmed an “outperform” rating and set a $95.00 price target on shares of Western Digital in a report on Monday, February 10th. The Goldman Sachs Group lifted 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. Finally, Benchmark cut Western Digital from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research note on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.21.

Western Digital 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.