1,220 Shares in Western Digital Co. (NASDAQ:WDC) Bought by Sentry Investment Management LLC

Sentry Investment Management LLC purchased a new stake in shares of Western Digital Co. (NASDAQ:WDC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,220 shares of the data storage provider’s stock, valued at approximately $73,000.

A number of other large investors have also added to or reduced their stakes in WDC. Versant Capital Management Inc lifted its holdings in shares of Western Digital by 278.9% in the 4th quarter. Versant Capital Management Inc now owns 413 shares of the data storage provider’s stock worth $25,000 after acquiring an additional 304 shares during the last quarter. True Wealth Design LLC lifted its stake in Western Digital by 2,184.2% in the third quarter. True Wealth Design LLC now owns 434 shares of the data storage provider’s stock worth $30,000 after purchasing an additional 415 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Western Digital during the fourth quarter valued at about $29,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of Western Digital during the fourth quarter valued at about $30,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Western Digital in the third quarter worth about $41,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WDC. Citigroup raised their price target on Western Digital from $60.45 to $64.00 and gave the stock a “buy” rating in a research report on Tuesday. The Goldman Sachs Group raised their target price on shares of Western Digital from $70.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Wedbush reiterated an “outperform” rating and set a $95.00 price target on shares of Western Digital in a report on Monday, February 10th. Robert W. Baird cut their price target on shares of Western Digital from $100.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Finally, StockNews.com began coverage on shares of Western Digital in a research note on Wednesday. They set a “buy” rating for the company. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, Western Digital presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.05.

Western Digital Stock Performance

Shares of WDC opened at $48.20 on Friday. The firm has a market capitalization of $16.77 billion, a P/E ratio of 11.48 and a beta of 1.44. 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 one year low of $39.58 and a one year high of $61.16. The business has a fifty day moving average of $63.64 and a 200 day moving average of $65.29.

Western Digital (NASDAQ:WDC) last released its quarterly earnings results on Wednesday, January 29th. The data storage provider reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.36). Western Digital had a net margin of 9.95% and a return on equity of 15.68%. As a group, sell-side analysts anticipate that Western Digital Co. will post 4.89 EPS for the current year.

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.