Triglav Investments D.O.O. Acquires New Shares in Western Digital Corporation $WDC

Triglav Investments D.O.O. bought a new stake in Western Digital Corporation (NASDAQ:WDC) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,700 shares of the data storage provider’s stock, valued at approximately $5,058,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WDC. Norges Bank bought a new stake in shares of Western Digital during the 4th quarter valued at approximately $788,729,000. Fred Alger Management LLC boosted its position in Western Digital by 4,923.9% in the third quarter. Fred Alger Management LLC now owns 3,407,042 shares of the data storage provider’s stock valued at $409,049,000 after buying an additional 3,339,225 shares in the last quarter. Soroban Capital Partners LP grew its stake in shares of Western Digital by 1,926.3% during the second quarter. Soroban Capital Partners LP now owns 3,061,134 shares of the data storage provider’s stock worth $195,882,000 after buying an additional 2,910,062 shares during the last quarter. Polar Capital Holdings Plc acquired a new position in shares of Western Digital during the third quarter worth $221,800,000. Finally, National Pension Service increased its holdings in shares of Western Digital by 267.6% during the fourth quarter. National Pension Service now owns 1,691,659 shares of the data storage provider’s stock worth $291,422,000 after buying an additional 1,231,477 shares in the last quarter. Institutional investors own 92.51% of the company’s stock.

Key Western Digital News

Here are the key news stories impacting Western Digital this week:

• Positive Sentiment: Analysts turned more bullish on Western Digital, with reports highlighting strong AI storage demand and multiple price-target hikes, including Susquehanna’s increase to $500 and broader Wall Street optimism. Seagate Stock Rises After Analyst Upgrades To Buy. Western Digital Nabs Price-Target Hike.
• Positive Sentiment: Recent articles say WDC is benefiting from a rebound in memory and storage stocks as investors regain confidence in AI infrastructure spending and storage demand. Western Digital and Seagate Surge 7%, Micron and SanDisk Climb 6% as Memory Selloff Reverses
• Positive Sentiment: Zacks and other commentary continue to frame Western Digital as an AI infrastructure winner, citing strong revenue growth, margin expansion, and an improved outlook for future earnings. Micron & One AI Infrastructure Stock to Buy Now for Big Upside
• Neutral Sentiment: One item flagged an apparent short-interest update showing zero shares reported, but the data appears unusual and is unlikely to be a meaningful trading signal on its own.
• Negative Sentiment: Some valuation-focused commentary suggests the stock may be getting expensive on earnings metrics even after its strong run, which could limit upside if growth expectations cool. Western Digital (WDC) Stock Looks Cheap On Cash Flow But Rich On Earnings

Insider Activity

In other news, insider Vidyadhara K. Gubbi sold 4,674 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $443.19, for a total value of $2,071,470.06. Following the transaction, the insider owned 90,041 shares in the company, valued at approximately $39,905,270.79. The trade was a 4.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Irving Tan sold 20,000 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $411.84, for a total transaction of $8,236,800.00. Following the completion of the sale, the chief executive officer directly owned 598,150 shares in the company, valued at approximately $246,342,096. This represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 29,322 shares of company stock worth $12,768,550 in the last 90 days. 0.18% of the stock is owned by company insiders.

Western Digital Stock Performance

Shares of WDC opened at $582.59 on Monday. The stock’s 50-day moving average price is $555.90 and its two-hundred day moving average price is $374.22. Western Digital Corporation has a 12 month low of $64.23 and a 12 month high of $799.87. The company has a market capitalization of $200.81 billion, a PE ratio of 34.78 and a beta of 2.11.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.33. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.The company had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the prior year, the firm posted $1.36 earnings per share. The business’s quarterly revenue was up 45.5% on a year-over-year basis. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Equities research analysts predict that Western Digital Corporation will post 9.6 EPS for the current fiscal year.

Western Digital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. This is a boost from Western Digital’s previous quarterly dividend of $0.12. Western Digital’s payout ratio is currently 3.58%.

Analyst Ratings Changes

WDC has been the topic of several recent research reports. Fox Advisors downgraded Western Digital from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. Mizuho upped their target price on Western Digital from $550.00 to $685.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. UBS Group lifted their price target on Western Digital from $350.00 to $375.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Zacks Research upgraded Western Digital from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Bank of America raised their price objective on shares of Western Digital from $610.00 to $732.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $508.32.

Western Digital Company Profile

Western Digital Corporation is a global data storage company that designs, manufactures and sells a broad range of storage devices and systems for personal, enterprise and cloud applications. Headquartered in San Jose, California, the company develops hard disk drives (HDDs), solid-state drives (SSDs), NAND flash components and finished storage products used in PCs, external storage, servers, network-attached storage (NAS) and embedded systems.

Its product portfolio spans consumer and commercial markets, including internal and external HDDs and SSDs, removable flash memory products and storage platforms for data center and enterprise environments.