B. Metzler seel. Sohn & Co. AG Purchases Shares of 69,916 Western Digital Corporation $WDC

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 69,916 Western Digital shares worth approximately $44.7 million in the second quarter. Institutional investors collectively own 92.51% of WDC.
• Western Digital reported quarterly EPS of $3.56, exceeding estimates of $3.31, while revenue rose 43.8% year over year to $3.75 billion. The company issued fiscal Q1 2027 EPS guidance of $3.85–$4.15.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $534.56; the company also declared a quarterly dividend of $0.15 per share.

B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Western Digital Corporation (NASDAQ:WDC - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 69,916 shares of the data storage provider's stock, valued at approximately $44,657,000.

Several other large investors have also recently modified their holdings of WDC. Norges Bank bought a new stake in shares of Western Digital in the 4th quarter valued at about $788,729,000. Soroban Capital Partners LP lifted its position in Western Digital by 1,926.3% in the second quarter. Soroban Capital Partners LP now owns 3,061,134 shares of the data storage provider's stock valued at $195,882,000 after purchasing an additional 2,910,062 shares during the last quarter. Polar Capital Holdings Plc purchased a new stake in shares of Western Digital during the third quarter valued at approximately $221,800,000. Deutsche Bank AG purchased a new stake in shares of Western Digital during the second quarter valued at approximately $885,565,000. Finally, Value Aligned Research Advisors LLC bought a new position in shares of Western Digital in the first quarter worth approximately $350,403,000. Hedge funds and other institutional investors own 92.51% of the company's stock.

Western Digital Trading Up 1.5%

NASDAQ:WDC opened at $469.05 on Friday. Western Digital Corporation has a 12 month low of $74.42 and a 12 month high of $799.87. The company has a 50-day moving average price of $554.31 and a 200-day moving average price of $433.12. The stock has a market cap of $161.67 billion, a price-to-earnings ratio of 19.37 and a beta of 2.14.

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

Western Digital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Tuesday, September 8th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $0.60 dividend on an annualized basis and a yield of 0.1%. Western Digital's dividend payout ratio is 2.48%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on WDC shares. Robert W. Baird set a $630.00 target price on shares of Western Digital in a research note on Thursday, August 6th. Wall Street Zen cut shares of Western Digital from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 16th. Rosenblatt Securities cut their price target on shares of Western Digital from $900.00 to $800.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Weiss Ratings cut shares of Western Digital from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Finally, Barclays increased their target price on shares of Western Digital from $450.00 to $620.00 and gave the stock an "overweight" rating in a report on Wednesday, May 27th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Western Digital presently has an average rating of "Moderate Buy" and an average target price of $534.56.

Insider Transactions at Western Digital

In other Western Digital news, insider Cynthia L. Tregillis sold 808 shares of the firm's stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $529.63, for a total transaction of $427,941.04. Following the completion of the transaction, the insider owned 114,539 shares of the company's stock, valued at approximately $60,663,290.57. This trade represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 2,475 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $47,366,060.96. This represents a 2.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 24,679 shares of company stock worth $11,451,605. Corporate insiders own 0.18% of the company's stock.

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.

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