PensionDanmark Pensionsforsikringsaktieselskab Decreases Stock Holdings in Western Digital Corporation $WDC

Posted by James Quigley on Aug 7th, 2026

PensionDanmark Pensionsforsikringsaktieselskab lessened its holdings in Western Digital Corporation (NASDAQ:WDC – Free Report) by 3.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,556 shares of the data storage provider’s stock after selling 2,468 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Western Digital were worth $45,066,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Apella Capital LLC purchased a new stake in Western Digital during the 2nd quarter worth about $276,000. 55 North Private Wealth LLC purchased a new position in shares of Western Digital in the 2nd quarter valued at about $312,000. Thrive Wealth Management LLC acquired a new stake in shares of Western Digital during the 2nd quarter worth about $247,000. Fermata Advisors LLC acquired a new stake in shares of Western Digital during the 2nd quarter worth about $244,000. Finally, Foster Group Inc. lifted its stake in Western Digital by 10.1% during the second quarter. Foster Group Inc. now owns 1,075 shares of the data storage provider’s stock worth $687,000 after purchasing an additional 99 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Western Digital Stock Down 13.0%

WDC opened at $451.52 on Friday. Western Digital Corporation has a 52 week low of $73.14 and a 52 week high of $799.87. The business has a 50 day moving average price of $567.55 and a two-hundred day moving average price of $417.23. The company has a market cap of $155.63 billion, a PE ratio of 18.65 and a beta of 2.14.

Western Digital (NASDAQ:WDC – Get Free Report) last announced its earnings results on Tuesday, August 4th. The data storage provider reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.25. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.70 billion. Western Digital had a return on equity of 50.22% and a net margin of 72.95%.The company’s revenue was up 43.8% on a year-over-year basis. During the same period last year, the business posted $1.66 EPS. As a group, sell-side analysts expect that Western Digital Corporation will post 17.77 EPS for the current fiscal year.

Western Digital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Tuesday, September 8th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Tuesday, September 8th. Western Digital’s dividend payout ratio (DPR) is 3.58%.

Analysts Set New Price Targets

WDC has been the topic of several recent analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $400.00 price target on shares of Western Digital in a research note on Friday, May 1st. Evercore restated an “outperform” rating and set a $575.00 price objective on shares of Western Digital in a research report on Tuesday, May 26th. Susquehanna upped their target price on shares of Western Digital from $360.00 to $500.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. increased their target price on shares of Western Digital from $530.00 to $650.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. Finally, Barclays boosted their price target on shares of Western Digital from $450.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $536.96.

Read Our Latest Report on Western Digital

Insider Activity at Western Digital

In other Western Digital news, Director Bruce E. Kiddoo sold 750 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $528.52, for a total value of $396,390.00. Following the transaction, the director directly owned 3,903 shares of the company’s stock, valued at approximately $2,062,813.56. The trade was a 16.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vidyadhara K. Gubbi sold 2,475 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $556.24, for a total transaction of $1,376,694.00. Following the transaction, the insider owned 85,154 shares of the company’s stock, valued at approximately $47,366,060.96. The trade was a 2.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 5,093 shares of company stock worth $2,751,337 in the last three months. Insiders own 0.18% of the company’s stock.

Western Digital News Summary

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

Positive Sentiment: Western Digital reported adjusted earnings of $3.56 per share, above the $3.31 consensus estimate, while revenue increased 43.8% year over year to $3.75 billion, also exceeding forecasts. Western Digital Q4 Earnings Beat as Revenue Jumps 44% on Cloud Demand
Positive Sentiment: Management cited strong cloud and AI-related storage demand, pricing gains and adoption of higher-capacity products. The company said some AI customers are negotiating storage capacity commitments through 2031, providing long-term demand visibility. Western Digital Says AI Customers Are Already Negotiating Storage Deals Through 2031
Positive Sentiment: Fiscal first-quarter 2027 revenue guidance of $4.0 billion to $4.2 billion and adjusted EPS guidance of $3.85 to $4.15 were above consensus estimates. Several analysts maintained bullish views, including Baird, which raised its price target to $630. Western Digital Earns Buy Rating as Analyst Lifts Price Target to $630

About Western Digital

(Free Report)

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.