Nordea Investment Management AB Has $17.06 Million Stock Holdings in Western Digital Corporation $WDC

Nordea Investment Management AB lifted its position in shares of Western Digital Corporation (NASDAQ:WDC) by 42.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 98,062 shares of the data storage provider’s stock after buying an additional 29,060 shares during the quarter. Nordea Investment Management AB’s holdings in Western Digital were worth $17,063,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WDC. ORG Partners LLC grew its stake in shares of Western Digital by 124.5% in the third quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock valued at $25,000 after acquiring an additional 117 shares in the last quarter. Rakuten Securities Inc. raised its stake in Western Digital by 4,070.0% in the 2nd quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 407 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in Western Digital by 551.4% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock valued at $29,000 after purchasing an additional 204 shares during the period. Grove Bank & Trust bought a new stake in Western Digital in the 3rd quarter valued at about $30,000. Finally, Westfuller Advisors LLC acquired a new position in shares of Western Digital during the 3rd quarter worth approximately $30,000. 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: Fundamentals: WDC’s January quarter beat estimates (EPS and revenue) and showed strong revenue growth and margins, giving investors a fundamental reason to bid the stock higher.
• Positive Sentiment: AI/storage tailwind: Analysts and market writeups highlight memory & storage stocks benefiting from the AI build?out, a structural demand driver that supports further upside for WDC. Why Memory Stocks Are Winning the AI Boom While Big Tech Struggles
• Positive Sentiment: Analyst / media bullishness: Recent pieces laying out reasons WDC could keep climbing add to positive sentiment and attract momentum buyers. 2 Reasons Why Western Digital Stock Could Keep Climbing In 2026
• Positive Sentiment: Market reaction coverage: Market headlines pointing out WDC’s intraday gain help reinforce buying interest. Western Digital (WDC) Increases Despite Market Slip: Here’s What You Need to Know
• Neutral Sentiment: Short?interest reporting appears unreliable: several feeds flagged a “large increase” in short interest but the numeric entries show zeros/NaN — this looks like a data glitch and shouldn’t be read as a true short?squeeze signal.
• Neutral Sentiment: Volume and retail signals: Today’s advance occurred on below?average volume, and isolated retail discounts (e.g., a WD Elements promo) are unlikely to materially change demand trends. Western Digital WD Elements Desktop External Hard Drive drops to $548.25
• Negative Sentiment: Valuation & positioning risk: WDC is trading near its highs and at an elevated P/E versus historical levels — that raises pullback risk if AI demand growth or margin assumptions disappoint.

Insiders Place Their Bets

In other news, Director Matthew E. Massengill sold 36,926 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $260.43, for a total transaction of $9,616,638.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cynthia L. Tregillis sold 9,324 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total value of $2,501,349.48. Following the sale, the insider owned 121,682 shares of the company’s stock, valued at approximately $32,643,630.14. This represents a 7.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 92,795 shares of company stock worth $24,265,884. 0.18% of the stock is currently owned by company insiders.

Western Digital Stock Performance

Shares of Western Digital stock opened at $301.05 on Wednesday. The company has a 50 day moving average of $269.02 and a 200-day moving average of $190.51. Western Digital Corporation has a 1-year low of $28.83 and a 1-year high of $319.62. The company has a current ratio of 1.46, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34. The company has a market cap of $102.07 billion, a PE ratio of 30.20, a price-to-earnings-growth ratio of 0.68 and a beta of 1.76.

Western Digital (NASDAQ:WDC) last posted its quarterly earnings results on Thursday, January 29th. The data storage provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.20. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter last year, the business posted $1.77 EPS. The firm’s revenue for the quarter was up 25.2% on a year-over-year basis. As a group, equities research analysts forecast that Western Digital Corporation will post 4.89 earnings per share for the current fiscal year.

Western Digital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Thursday, March 5th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, March 5th. Western Digital’s dividend payout ratio (DPR) is currently 5.02%.

Analyst Ratings Changes

Several brokerages have recently commented on WDC. Wells Fargo & Company raised their target price on shares of Western Digital from $260.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Wall Street Zen cut Western Digital from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Wedbush reissued an “outperform” rating and set a $325.00 price target on shares of Western Digital in a research report on Monday, February 9th. The Goldman Sachs Group set a $250.00 price objective on Western Digital in a research note on Tuesday, February 3rd. Finally, Bank of America lifted their price objective on Western Digital from $197.00 to $257.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $265.58.

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.