Clal Insurance Enterprises Holdings Ltd Makes New $334.21 Million Investment in Western Digital Corporation $WDC

Posted by Brenda Bartman on Aug 24th, 2026

Clal Insurance Enterprises Holdings Ltd purchased a new stake in Western Digital Corporation (NASDAQ:WDC – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 523,250 shares of the data storage provider’s stock, valued at approximately $334,210,000. Western Digital comprises approximately 1.5% of Clal Insurance Enterprises Holdings Ltd’s portfolio, making the stock its 12th largest holding.

Other hedge funds also recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Western Digital in the 2nd quarter worth about $28,000. Dunhill Financial LLC acquired a new stake in shares of Western Digital during the second quarter valued at about $29,000. Gables Capital Management Inc. bought a new stake in shares of Western Digital during the second quarter worth about $32,000. Ares Financial Consulting LLC grew its holdings in shares of Western Digital by 45.5% during the second quarter. Ares Financial Consulting LLC now owns 80 shares of the data storage provider’s stock worth $51,000 after purchasing an additional 25 shares during the last quarter. Finally, Dogwood Wealth Management LLC increased its stake in shares of Western Digital by 28.6% in the second quarter. Dogwood Wealth Management LLC now owns 90 shares of the data storage provider’s stock valued at $57,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Buying and Selling

In related news, insider Vidyadhara K. Gubbi sold 2,475 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $556.24, for a total value of $1,376,694.00. Following the completion of the sale, the insider directly owned 85,154 shares of the company’s stock, valued at approximately $47,366,060.96. This represents a 2.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Irving Tan sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $444.97, for a total value of $8,899,400.00. Following the transaction, the chief executive officer 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 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 24,679 shares of company stock worth $11,451,605 over the last three months. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on WDC shares. UBS Group dropped their price objective on shares of Western Digital from $560.00 to $525.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Evercore reissued an “outperform” rating and set a $575.00 target price on shares of Western Digital in a research note on Tuesday, May 26th. Fox Advisors cut shares of Western Digital from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. Citigroup decreased their price target on Western Digital from $800.00 to $740.00 and set a “buy” rating for the company in a report on Friday, August 7th. Finally, Zacks Research raised Western Digital from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 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. Based on data from MarketBeat.com, Western Digital has a consensus rating of “Moderate Buy” and an average price target of $534.56.

Get Our Latest Stock Report on Western Digital

Western Digital Stock Performance

WDC opened at $459.44 on Monday. Western Digital Corporation has a 1-year low of $74.57 and a 1-year high of $799.87. The company has a market cap of $158.36 billion, a price-to-earnings ratio of 18.98 and a beta of 2.14. The company’s fifty day moving average price is $552.24 and its two-hundred day moving average price is $434.46.

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

Western Digital Dividend Announcement

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