Livforsakringsbolaget Skandia Omsesidigt Takes $1.38 Million Position in Western Digital Corporation $WDC

Posted by Brian Himes on Aug 29th, 2026

Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Western Digital Corporation (NASDAQ:WDC – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,160 shares of the data storage provider’s stock, valued at approximately $1,379,000.

A number of other hedge funds also recently added to or reduced their stakes in WDC. Norges Bank purchased a new position in Western Digital during the 4th quarter valued at about $788,729,000. Soroban Capital Partners LP lifted its position in shares of Western Digital by 1,926.3% in the 2nd quarter. Soroban Capital Partners LP now owns 3,061,134 shares of the data storage provider’s stock worth $195,882,000 after purchasing an additional 2,910,062 shares during the period. Legal & General Group Plc purchased a new stake in shares of Western Digital in the 2nd quarter worth approximately $1,602,927,000. Polar Capital Holdings Plc bought a new position in shares of Western Digital during the third quarter valued at approximately $221,800,000. Finally, Anther Capital Ltd bought a new position in shares of Western Digital during the second quarter valued at approximately $901,601,000. 92.51% of the stock is owned by hedge funds and other institutional investors.

More Western Digital News

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

Positive Sentiment: Western Digital’s long-term outlook remains supported by demand for AI infrastructure, cloud computing, enterprise storage, automotive systems and other data-intensive applications. Analysts at Zacks continue to identify WDC as a potential beneficiary of strong memory and storage demand, particularly following Nvidia’s solid results. 4 High-Flying Memory and Storage Giants
Positive Sentiment: The company’s latest quarterly results provide fundamental support: revenue rose 43.8% year over year to $3.75 billion, while earnings of $3.56 per share exceeded expectations. Guidance for $3.85 to $4.15 in next-quarter EPS also remains constructive.
Positive Sentiment: Wall Street’s consensus remains bullish, with a “Moderate Buy” rating and an average price target above the current trading level. Several firms have cited continued AI and storage demand as reasons for further upside. Wall Street’s Bullish Views on WDC
Neutral Sentiment: Insider Cynthia Tregillis sold a small portion of her holdings under a pre-arranged Rule 10b5-1 trading plan. The transactions modestly reduce her position but do not necessarily signal deteriorating confidence. Cynthia Tregillis Insider Transactions
Negative Sentiment: Memory and storage stocks sold off even after Nvidia reported strong results, suggesting investors are taking profits from an extended AI trade and differentiating among suppliers. Western Digital’s underperformance versus peers has amplified concern that expectations or valuation may have become too aggressive. Why Memory Stocks Fell Despite Nvidia’s Results

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WDC shares. Mizuho set a $590.00 price objective on shares of Western Digital in a report on Thursday, August 6th. 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. Jefferies Financial Group set a $575.00 target price on Western Digital in a research report on Tuesday, May 26th. Summit Insights downgraded Western Digital from a “buy” rating to a “hold” rating in a report on Thursday, August 6th. Finally, Rosenblatt Securities reduced their price target on Western Digital from $900.00 to $800.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Western Digital has an average rating of “Moderate Buy” and an average target price of $534.56.

Get Our Latest Report on WDC

Insider Buying and Selling

In other Western Digital news, CEO Irving Tan sold 20,000 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $444.97, for a total value of $8,899,400.00. Following the completion of the sale, the chief executive officer directly owned 575,966 shares in the company, valued at approximately $256,287,591.02. This trade represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Cynthia L. Tregillis sold 1,007 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $478.36, for a total value of $481,708.52. Following the sale, the insider owned 112,155 shares in the company, valued at $53,650,465.80. The trade was a 0.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 26,117 shares of company stock worth $12,053,353 in the last ninety days. 0.18% of the stock is owned by insiders.

Western Digital Stock Down 0.6%

Shares of Western Digital stock opened at $459.45 on Friday. The company has a market cap of $158.36 billion, a P/E ratio of 18.98 and a beta of 2.14. The firm’s 50 day moving average price is $526.99 and its 200-day moving average price is $439.63. Western Digital Corporation has a 52-week low of $77.90 and a 52-week high of $799.87.

Western Digital (NASDAQ:WDC – Get Free Report) last posted its earnings results on Wednesday, August 5th. The data storage provider reported $3.56 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.25. The company had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.70 billion. Western Digital had a net margin of 72.95% and a return on equity of 48.15%. Western Digital’s revenue for the quarter was up 43.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.66 earnings per share. Western Digital has set its Q1 2027 guidance at 3.850-4.150 EPS. As a group, equities research analysts forecast that Western Digital Corporation will post 19.65 EPS for the current fiscal year.

Western Digital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Tuesday, September 8th. Western Digital’s dividend payout ratio is currently 2.48%.

Western Digital Profile

(Free Report)

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.