Caisse Des Depots ET Consignations Acquires 2,963 Shares of Western Digital Corporation $WDC

Key Points

• Caisse Des Depots ET Consignations increased its WDC stake by 147.8%, buying 2,963 shares to hold 4,968 shares valued at about $856,000 at the end of the quarter.
• Insiders have been net sellers recently, offloading a total of 92,711 shares worth $24.3 million in the last 90 days, including large sales by Vidyadhara K. Gubbi and Director Matthew E. Massengill.
• Western Digital beat Q3 EPS and revenue estimates, raised FY‑Q4 guidance, drew multiple analyst target increases (Citi to $500) and announced a dividend hike to $0.15 quarterly.

Caisse Des Depots ET Consignations boosted its holdings in shares of Western Digital Corporation (NASDAQ:WDC - Free Report) by 147.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,968 shares of the data storage provider's stock after buying an additional 2,963 shares during the quarter. Caisse Des Depots ET Consignations' holdings in Western Digital were worth $856,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Avion Wealth grew its position in Western Digital by 163.8% during the fourth quarter. Avion Wealth now owns 182 shares of the data storage provider's stock valued at $31,000 after buying an additional 113 shares during the period. ORG Partners LLC grew its position in Western Digital by 124.5% during the third quarter. ORG Partners LLC now owns 211 shares of the data storage provider's stock valued at $25,000 after buying an additional 117 shares during the period. Concord Wealth Partners bought a new stake in Western Digital during the fourth quarter valued at approximately $41,000. Cullen Frost Bankers Inc. grew its position in Western Digital by 551.4% during the third quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider's stock valued at $29,000 after buying an additional 204 shares during the period. Finally, Westfuller Advisors LLC bought a new stake in Western Digital during the third quarter valued at approximately $30,000. 92.51% of the stock is currently owned by institutional investors.

Insider Activity at Western Digital

In other news, insider Vidyadhara K. Gubbi sold 10,148 shares of the business's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $270.31, for a total value of $2,743,105.88. Following the transaction, the insider owned 107,794 shares of the company's stock, valued at approximately $29,137,796.14. The trade was a 8.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew E. Massengill sold 36,926 shares of the business's 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 92,711 shares of company stock worth $24,300,404 over the last ninety days. 0.18% of the stock is owned by corporate insiders.

More Western Digital News

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

• Positive Sentiment: WDC beat expectations: Q3 EPS $2.72 and revenue $3.34B, both above consensus, and management raised FY‑Q4 guidance (EPS and revenue) — this underpins the bullish case for continued AI/cloud storage demand. Earnings & press materials
• Positive Sentiment: Multiple analyst upgrades/target raises followed the quarter — Citi hiked its target to $500 (Buy) citing stronger visibility into AI-driven HDD demand, lifting investor optimism. Citi raises target to $500
• Positive Sentiment: Other firms (Rosenblatt, TD Cowen and others) boosted targets or reiterated Buy as AI/data‑center demand drives margin expansion and share‑buyback capacity; the company also announced a quarterly dividend increase, signalling confidence in cash flow.
• Neutral Sentiment: Industry signal — peers (SanDisk/Seagate) also reported strong results and demand commentary, confirming sector‑wide AI storage tailwinds but raising questions about how much of that is already priced in. Reuters: sector demand
• Negative Sentiment: Market reaction was mixed — the stock slipped after the beat as some traders engaged in “buy the rumor, sell the news” profit‑taking following an enormous YTD run; elevated expectations mean strong results may not produce further immediate upside. Yahoo: stock falls despite beat
• Negative Sentiment: Not all analyst moves are bullish: UBS raised its target to $375 but kept a Neutral rating — that level implies downside from current prices and provides a near‑term anchor for traders focused on risk management. Benzinga: UBS target

Western Digital Stock Performance

WDC opened at $432.03 on Friday. The firm has a market cap of $146.48 billion, a P/E ratio of 43.33, a PEG ratio of 0.90 and a beta of 2.10. Western Digital Corporation has a 1-year low of $43.60 and a 1-year high of $446.62. The company has a 50 day simple moving average of $314.33 and a two-hundred day simple moving average of $233.19. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share for the quarter, topping analysts' consensus estimates of $2.39 by $0.33. The business had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.25 billion. Western Digital had a net margin of 55.29% and a return on equity of 49.24%. The company's revenue was up 45.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 earnings per share. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Equities analysts forecast that Western Digital Corporation will post 8.61 earnings per share for the current fiscal year.

Western Digital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. This is a boost from Western Digital's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 5th. Western Digital's payout ratio is presently 5.02%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. TD Cowen boosted their target price on shares of Western Digital from $325.00 to $500.00 and gave the company a "buy" rating in a research report on Friday. Truist Financial set a $310.00 target price on shares of Western Digital in a research report on Tuesday, February 3rd. Wall Street Zen upgraded shares of Western Digital from a "hold" rating to a "buy" rating in a research report on Saturday. Bank of America upped their price target on shares of Western Digital to $495.00 and gave the stock a "buy" rating in a research report on Monday, April 27th. Finally, Mizuho set a $470.00 price target on shares of Western Digital in a research report on Friday. Eighteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $389.74.

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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