Western Digital Co. (NASDAQ:WDC) Shares Sold by O Brien Greene & Co. Inc

O Brien Greene & Co. Inc trimmed its stake in shares of Western Digital Co. (NASDAQ:WDC) by 8.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 99,672 shares of the data storage provider’s stock after selling 8,950 shares during the period. Western Digital makes up about 1.9% of O Brien Greene & Co. Inc’s holdings, making the stock its 20th largest position. O Brien Greene & Co. Inc’s holdings in Western Digital were worth $5,943,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Handelsbanken Fonder AB boosted its holdings in Western Digital by 53.3% during the fourth quarter. Handelsbanken Fonder AB now owns 99,444 shares of the data storage provider’s stock worth $5,930,000 after buying an additional 34,579 shares in the last quarter. Ieq Capital LLC boosted its position in Western Digital by 83.9% during the 4th quarter. Ieq Capital LLC now owns 31,634 shares of the data storage provider’s stock worth $1,886,000 after acquiring an additional 14,432 shares during the period. Beta Wealth Group Inc. grew its position in Western Digital by 2.5% during the fourth quarter. Beta Wealth Group Inc. now owns 8,300 shares of the data storage provider’s stock valued at $495,000 after purchasing an additional 200 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Western Digital by 2,352.8% in the 4th quarter. Venturi Wealth Management LLC now owns 8,413 shares of the data storage provider’s stock valued at $502,000 after buying an additional 8,070 shares during the period. Finally, Empower Advisory Group LLC boosted its stake in shares of Western Digital by 5.0% during the 4th quarter. Empower Advisory Group LLC now owns 7,580 shares of the data storage provider’s stock valued at $452,000 after buying an additional 362 shares during the period. 92.51% of the stock is currently owned by institutional investors.

Western Digital Trading Down 0.7 %

Shares of Western Digital stock opened at $71.50 on Thursday. The stock has a market capitalization of $24.87 billion, a P/E ratio of 17.02 and a beta of 1.44. Western Digital Co. has a 12-month low of $52.77 and a 12-month high of $81.55. The company has a quick ratio of 1.26, a current ratio of 1.99 and a debt-to-equity ratio of 0.60. The company has a 50-day simple moving average of $64.60 and a 200 day simple moving average of $65.41.

Western Digital (NASDAQ:WDC) last posted 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%. Research analysts expect that Western Digital Co. will post 4.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

WDC has been the topic of a number of research reports. Citigroup dropped their price target on shares of Western Digital from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Rosenblatt Securities cut their price target on Western Digital from $115.00 to $95.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Robert W. Baird lowered their price target on Western Digital from $100.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Barclays cut their price objective on shares of Western Digital from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Susquehanna decreased their target price on shares of Western Digital from $83.00 to $72.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.42.

Insider Buying and Selling at Western Digital

In other Western Digital news, SVP Gene M. Zamiska sold 658 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $69.99, for a total value of $46,053.42. Following the completion of the sale, the senior vice president now owns 28,863 shares in the company, valued at approximately $2,020,121.37. This trade represents a 2.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

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.