Mn Services Vermogensbeheer B.V. Has $7.54 Million Stock Position in Western Digital Co. (NASDAQ:WDC)

Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Western Digital Co. (NASDAQ:WDC) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,500 shares of the data storage provider’s stock after buying an additional 2,100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Western Digital were worth $7,543,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of WDC. Sachem Head Capital Management LP raised its position in Western Digital by 75.2% during the third quarter. Sachem Head Capital Management LP now owns 2,030,000 shares of the data storage provider’s stock valued at $138,629,000 after buying an additional 871,500 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Western Digital by 24.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,711,428 shares of the data storage provider’s stock valued at $253,453,000 after buying an additional 732,344 shares during the period. Holocene Advisors LP raised its position in Western Digital by 25.7% during the third quarter. Holocene Advisors LP now owns 3,192,762 shares of the data storage provider’s stock valued at $218,034,000 after buying an additional 651,847 shares during the period. State Street Corp raised its position in Western Digital by 3.2% during the third quarter. State Street Corp now owns 13,572,686 shares of the data storage provider’s stock valued at $926,879,000 after buying an additional 423,651 shares during the period. Finally, Maple Rock Capital Partners Inc. raised its position in Western Digital by 13.2% during the third quarter. Maple Rock Capital Partners Inc. now owns 3,287,400 shares of the data storage provider’s stock valued at $224,497,000 after buying an additional 383,390 shares during the period. 92.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on WDC shares. Susquehanna dropped their price target on Western Digital from $83.00 to $72.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Morgan Stanley dropped their target price on Western Digital from $100.00 to $93.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Wedbush reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Western Digital in a research report on Monday, February 10th. Wells Fargo & Company dropped their target price on Western Digital from $85.00 to $75.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $95.00 target price on shares of Western Digital in a research report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.05.

Western Digital Price Performance

Shares of NASDAQ:WDC opened at $48.93 on Friday. The business has a 50 day moving average price of $63.42 and a 200 day moving average price of $65.21. Western Digital Co. has a twelve month low of $39.58 and a twelve month high of $61.16. The company has a market cap of $17.02 billion, a price-to-earnings ratio of 11.65 and a beta of 1.44. The company has a quick ratio of 1.26, a current ratio of 1.99 and a debt-to-equity ratio of 0.60.

Western Digital (NASDAQ:WDC) last announced its earnings results 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 net margin of 9.95% and a return on equity of 15.68%. Research analysts predict that Western Digital Co. will post 4.89 earnings per share for the current year.

Western Digital Profile

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.