Deutsche Bank AG Sells 809,936 Shares of Western Digital Corporation $WDC

Deutsche Bank AG decreased its position in shares of Western Digital Corporation (NASDAQ:WDC) by 26.6% during the 4th quarter, Holdings Channel reports. The fund owned 2,231,609 shares of the data storage provider’s stock after selling 809,936 shares during the quarter. Deutsche Bank AG’s holdings in Western Digital were worth $384,439,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of WDC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Western Digital by 7.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider’s stock worth $1,698,000 after acquiring an additional 3,019 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Western Digital by 229.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider’s stock worth $56,000 after acquiring an additional 967 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Western Digital during the 2nd quarter worth approximately $307,000. Cresset Asset Management LLC bought a new position in Western Digital during the 2nd quarter worth approximately $292,000. Finally, Federated Hermes Inc. boosted its stake in Western Digital by 55.3% during the 2nd quarter. Federated Hermes Inc. now owns 2,374 shares of the data storage provider’s stock worth $152,000 after acquiring an additional 845 shares during the last quarter. Institutional investors own 92.51% of the company’s stock.

Western Digital Stock Performance

Shares of WDC stock opened at $490.09 on Thursday. The company has a market capitalization of $168.92 billion, a P/E ratio of 29.26 and a beta of 2.13. The company’s 50 day moving average price is $436.75 and its two-hundred day moving average price is $303.37. Western Digital Corporation has a 52 week low of $54.60 and a 52 week high of $602.54.

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

Western Digital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.1%. This is a boost from Western Digital’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 5th. Western Digital’s dividend payout ratio is 3.58%.

Insider Buying and Selling at Western Digital

In other news, insider Vidyadhara K. Gubbi sold 2,475 shares of Western Digital stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $556.24, for a total value of $1,376,694.00. Following the sale, the insider directly owned 85,154 shares in the company, valued at $47,366,060.96. This trade represents a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $411.84, for a total transaction of $8,236,800.00. Following the completion of the sale, the chief executive officer owned 598,150 shares in the company, valued at $246,342,096. This trade represents a 3.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 29,322 shares of company stock valued at $12,768,550 over the last ninety days. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Rosenblatt Securities raised their target price on shares of Western Digital from $340.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Cantor Fitzgerald raised their target price on shares of Western Digital to $660.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. The Goldman Sachs Group restated a “neutral” rating and set a $400.00 target price on shares of Western Digital in a report on Friday, May 1st. Sanford C. Bernstein upgraded shares of Western Digital from a “market perform” rating to an “outperform” rating and set a $340.00 target price on the stock in a report on Tuesday, March 31st. Finally, Bank of America raised their target price on shares of Western Digital to $495.00 and gave the stock a “buy” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $433.29.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: Mizuho reiterated a bullish view on Western Digital, saying AI-driven storage demand continues to show no signs of slowing, which supports the long-term revenue outlook for the company. Mizuho doubles down on WDC stock as AI storage demand shows no signs of slowing down
• Positive Sentiment: Citi also remained bullish on Western Digital, suggesting analysts still see upside potential despite the stock’s recent volatility. Citi Remains Bullish on Western Digital Corporation (WDC) – Here’s Why
• Neutral Sentiment: Western Digital has been receiving elevated investor attention, with multiple articles noting that WDC is a trending stock and worth watching, but these pieces do not point to a specific new catalyst. Western Digital Corporation (WDC) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: One market commentary said WDC could deserve attention, reflecting continued interest in the stock rather than a clear operational update. Here's Why We Think Western Digital (NASDAQ:WDC) Might Deserve Your Attention Today
• Negative Sentiment: WDC fell more sharply than the broader market in the latest session, as memory and storage names came under pressure alongside peers such as Micron, indicating sector-wide risk-off sentiment was a key driver of the decline. Western Digital (WDC) Falls More Steeply Than Broader Market: What Investors Need to Know
• Negative Sentiment: Broader semiconductor and memory stocks sold off after geopolitical headlines raised macro uncertainty, and Western Digital was caught up in that move. Skyworks Solutions, Western Digital, and Teradyne Shares Are Falling, What You Need To Know

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.