Krilogy Financial LLC Has $1.81 Million Stake in Western Digital Corporation $WDC

Krilogy Financial LLC lifted its stake in shares of Western Digital Corporation (NASDAQ:WDC) by 93.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,519 shares of the data storage provider’s stock after buying an additional 5,074 shares during the period. Krilogy Financial LLC’s holdings in Western Digital were worth $1,812,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Western Digital by 0.6% during the third quarter. Vanguard Group Inc. now owns 43,282,393 shares of the data storage provider’s stock worth $5,196,484,000 after purchasing an additional 243,177 shares in the last quarter. WCM Investment Management LLC acquired a new position in shares of Western Digital during the third quarter worth approximately $791,317,000. Northern Trust Corp lifted its position in shares of Western Digital by 11.2% during the third quarter. Northern Trust Corp now owns 3,805,463 shares of the data storage provider’s stock worth $456,884,000 after purchasing an additional 384,103 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Western Digital by 11.8% during the third quarter. Dimensional Fund Advisors LP now owns 3,804,907 shares of the data storage provider’s stock worth $456,737,000 after purchasing an additional 402,981 shares in the last quarter. Finally, Fred Alger Management LLC lifted its position in shares of Western Digital by 4,923.9% during the third quarter. Fred Alger Management LLC now owns 3,407,042 shares of the data storage provider’s stock worth $409,049,000 after purchasing an additional 3,339,225 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: Evercore raised its price target to $410 and reiterated an “outperform” rating, signaling bullish analyst conviction and providing near-term upside for the stock. Evercore price target raise
• Positive Sentiment: A separate price-target increase to $415 was published, adding more analyst support that can help sustain the rally. Price Target Raised to $415
• Positive Sentiment: Top analysts have been boosting targets ahead of earnings, reflecting confidence in WDC’s exposure to HDD/SSD demand from cloud hyperscalers and AI workloads. TipRanks analyst boost
• Positive Sentiment: News coverage highlights that increased investment from hyperscalers and growing data volumes are driving demand for Western Digital’s storage products, supporting revenue and margin outlooks. Hyperscaler investment article
• Positive Sentiment: Sector commentary expects data-center/AI-related parts (including WDC products) to continue rallying as AI deployments expand, which could sustain investor appetite for the stock. FXEmpire AI parts forecast
• Neutral Sentiment: Analysts and consumer-focused pieces are debating whether WDC at current levels should be a watch-list buy — interest is high, but some investors are waiting for clearer post-earnings guidance. Watch list article
• Negative Sentiment: Several articles flag a trade-off: Western Digital’s cash flow has improved due to AI-driven demand, but elevated debt raises questions about financial flexibility and growth funding — a risk that could cap the multiple if leverage isn’t reduced. Yahoo cash flow vs leverage Zacks cash flow vs leverage

Western Digital Trading Up 0.4%

Shares of NASDAQ WDC opened at $374.11 on Tuesday. The company’s 50 day simple moving average is $294.93 and its 200 day simple moving average is $218.97. Western Digital Corporation has a fifty-two week low of $35.51 and a fifty-two week high of $380.65. The firm has a market capitalization of $126.84 billion, a P/E ratio of 37.52, a P/E/G ratio of 0.86 and a beta of 1.77. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.19.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 earnings per share for the quarter, beating 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 period in the prior year, the business posted $1.77 earnings per share. Western Digital’s revenue was up 25.2% compared to the same quarter last year. On average, analysts predict that Western Digital Corporation will post 8.47 EPS for the current year.

Western Digital Announces Dividend

The company 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. The ex-dividend date was Thursday, March 5th. This represents a $0.50 annualized dividend and a yield of 0.1%. Western Digital’s dividend payout ratio (DPR) is 5.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Truist Financial set a $310.00 target price on shares of Western Digital in a research report on Tuesday, February 3rd. 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 research report on Tuesday, March 31st. Zacks Research lowered shares of Western Digital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Citigroup upped their target price on shares of Western Digital to $405.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Finally, The Goldman Sachs Group set a $250.00 target price on shares of Western Digital in a research report on Tuesday, February 3rd. Twenty-one analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $305.63.

Insider Activity

In other Western Digital news, insider Cynthia L. Tregillis sold 9,324 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $268.27, for a total value of $2,501,349.48. Following the sale, the insider directly owned 121,682 shares in the company, valued at approximately $32,643,630.14. This trade represents a 7.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Matthew E. Massengill sold 36,926 shares of the 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 92,795 shares of company stock valued at $24,265,884. 0.18% of the stock is currently owned by company insiders.

About Western Digital

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.