Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 3,781 Shares of Western Digital Corporation $WDC

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in Western Digital Corporation (NASDAQ:WDC) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,528 shares of the data storage provider’s stock after selling 3,781 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Western Digital were worth $13,700,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Avion Wealth boosted its position in shares of Western Digital by 163.8% in the 4th quarter. Avion Wealth now owns 182 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 113 shares in the last quarter. Concord Wealth Partners bought a new stake in shares of Western Digital in the 4th quarter worth approximately $41,000. Cornerstone Planning Group LLC lifted its position in Western Digital by 207.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 264 shares of the data storage provider’s stock valued at $32,000 after acquiring an additional 178 shares in the last quarter. BOKF NA lifted its position in Western Digital by 6,700.0% in the 3rd quarter. BOKF NA now owns 272 shares of the data storage provider’s stock valued at $33,000 after acquiring an additional 268 shares in the last quarter. Finally, JPL Wealth Management LLC bought a new position in Western Digital in the 3rd quarter valued at approximately $33,000. 92.51% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Cynthia L. Tregillis sold 214 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $539.63, for a total value of $115,480.82. Following the completion of the sale, the insider directly owned 117,157 shares in the company, valued at $63,221,431.91. This represents a 0.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bruce E. Kiddoo sold 750 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $528.52, for a total value of $396,390.00. Following the completion of the sale, the director owned 3,903 shares of the company’s stock, valued at $2,062,813.56. This trade represents a 16.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 54,405 shares of company stock valued at $18,575,428. Company insiders own 0.18% of the company’s stock.

Western Digital Price Performance

NASDAQ:WDC opened at $546.20 on Tuesday. The firm has a market capitalization of $188.26 billion, a price-to-earnings ratio of 32.61 and a beta of 2.13. Western Digital Corporation has a one year low of $51.17 and a one year high of $564.14. The business has a fifty day moving average price of $400.87 and a 200-day moving average price of $284.43.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.39 by $0.33. The firm had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. Western Digital had a return on equity of 42.95% and a net margin of 55.29%.Western Digital’s revenue was up 45.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 EPS. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. On average, equities research analysts expect that Western Digital Corporation will post 9.57 earnings per share for the current fiscal year.

Western Digital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th will be paid a $0.15 dividend. This is a positive change from Western Digital’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Western Digital’s dividend payout ratio (DPR) is currently 2.99%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Jefferies Financial Group set a $575.00 price objective on Western Digital in a research report on Tuesday, May 26th. Wells Fargo & Company upped their price objective on Western Digital from $500.00 to $575.00 and gave the company an “overweight” rating in a research report on Monday. Cantor Fitzgerald upped their price objective on Western Digital to $660.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Susquehanna reaffirmed a “neutral” rating and issued a $285.00 price objective on shares of Western Digital in a research report on Friday, February 6th. Finally, TD Cowen upped their price objective on Western Digital from $325.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $416.63.

Key Western Digital News

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

• Positive Sentiment: Western Digital is benefiting from a strong AI memory supercycle, with memory and storage shares extending a parabolic rally as investors bet on sustained demand for data-center storage. Micron Rises 7%, Western Digital Climbs and SanDisk Climb 4% as Memory Stocks Extend Parabolic Run
• Positive Sentiment: Barclays raised its price target on Western Digital to $620 from $450 and kept an Overweight rating, citing strong memory and storage fundamentals. Barclays Raises its Price Target on Western Digital (WDC)
• Positive Sentiment: Evercore ISI also lifted its target on Western Digital to $575 from $410 while reiterating an Outperform rating, adding to bullish Wall Street sentiment. Here’s What Evercore Now Says About Western Digital Corp (WDC) Stock
• Positive Sentiment: Western Digital highlighted its role in AI infrastructure at Computex, framing storage as a core part of the AI data economy rather than just a secondary hardware category. WD at Computex 2026: AI Doesn’t Just Run on Compute – It Runs on Data
• Neutral Sentiment: Several articles noted heavy bullish momentum and strong valuation expansion in memory stocks, but also warned that the move has become highly extended and vulnerable to a sharp reversal if demand expectations cool. SanDisk Stock Near $1,700: Two Risks That Could Break the Momentum
• Neutral Sentiment: One filing-related article said Situational Awareness LP sold its stake in Western Digital, but the piece did not suggest a broader change in the company’s fundamentals. Western Digital Corporation (WDC): Leopold Aschenbrenner Is Selling This Stock

Western Digital 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.