Deutsche Bank AG Has $384.44 Million Stock Position in Western Digital Corporation $WDC

Key Points

• Deutsche Bank AG cut its Western Digital stake by 26.6% in the fourth quarter, selling 809,936 shares and ending with 2,231,609 shares worth about $384.4 million.
• Analysts remain bullish on WDC, with firms like Mizuho, TD Cowen, and Rosenblatt raising price targets amid expectations that AI-driven storage demand will keep supporting growth.
• Western Digital just posted strong results and raised its dividend, beating earnings and revenue estimates last quarter, then boosting its quarterly payout from $0.13 to $0.15 per share.

Deutsche Bank AG lowered its position in shares of Western Digital Corporation (NASDAQ:WDC - Free Report) by 26.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,231,609 shares of the data storage provider's stock after selling 809,936 shares during the quarter. Deutsche Bank AG owned approximately 0.66% of Western Digital worth $384,439,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in WDC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Western Digital by 7.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,988 shares of the data storage provider's stock worth $1,698,000 after purchasing an additional 3,019 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Western Digital by 229.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,388 shares of the data storage provider's stock worth $56,000 after purchasing an additional 967 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Western Digital during the 2nd quarter worth about $307,000. Cresset Asset Management LLC acquired a new stake in shares of Western Digital during the 2nd quarter worth about $292,000. Finally, Federated Hermes Inc. grew its holdings in Western Digital by 55.3% during the 2nd quarter. Federated Hermes Inc. now owns 2,374 shares of the data storage provider's stock worth $152,000 after acquiring an additional 845 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company's stock.

More Western Digital News

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

• Positive Sentiment: Mizuho reiterated a bullish view on Western Digital, saying AI-driven storage demand continues to show no signs of slowing, which supports the long-term revenue outlook for the company. Mizuho doubles down on WDC stock as AI storage demand shows no signs of slowing down
• Positive Sentiment: Citi also remained bullish on Western Digital, suggesting analysts still see upside potential despite the stock’s recent volatility. Citi Remains Bullish on Western Digital Corporation (WDC) – Here’s Why
• Neutral Sentiment: Western Digital has been receiving elevated investor attention, with multiple articles noting that WDC is a trending stock and worth watching, but these pieces do not point to a specific new catalyst. Western Digital Corporation (WDC) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: One market commentary said WDC could deserve attention, reflecting continued interest in the stock rather than a clear operational update. Here's Why We Think Western Digital NASDAQ: WDC Might Deserve Your Attention Today
• Negative Sentiment: WDC fell more sharply than the broader market in the latest session, as memory and storage names came under pressure alongside peers such as Micron, indicating sector-wide risk-off sentiment was a key driver of the decline. Western Digital (WDC) Falls More Steeply Than Broader Market: What Investors Need to Know
• Negative Sentiment: Broader semiconductor and memory stocks sold off after geopolitical headlines raised macro uncertainty, and Western Digital was caught up in that move. Skyworks Solutions, Western Digital, and Teradyne Shares Are Falling, What You Need To Know

Insider Buying and Selling at Western Digital

In other news, insider Cynthia L. Tregillis sold 432 shares of the firm's stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $545.60, for a total value of $235,699.20. Following the transaction, the insider owned 116,643 shares of the company's stock, valued at approximately $63,640,420.80. This trade represents a 0.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vidyadhara K. Gubbi sold 4,674 shares of the firm's stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $443.19, for a total transaction of $2,071,470.06. Following the completion of the transaction, the insider directly owned 90,041 shares in the company, valued at $39,905,270.79. This trade represents a 4.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 29,322 shares of company stock worth $12,768,550 over the last quarter. Company insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Weiss Ratings raised shares of Western Digital from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, May 15th. TD Cowen increased their price objective on shares of Western Digital from $325.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, May 1st. Rosenblatt Securities increased their price objective on shares of Western Digital from $340.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, May 1st. Mizuho increased their price objective on shares of Western Digital from $550.00 to $685.00 and gave the stock an "outperform" rating in a report on Monday. Finally, Evercore reissued an "outperform" rating and set a $575.00 price objective on shares of Western Digital in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $433.29.

Western Digital Trading Down 5.3%

Shares of NASDAQ WDC opened at $490.09 on Thursday. The firm has a market capitalization of $168.92 billion, a PE ratio of 29.26 and a beta of 2.13. Western Digital Corporation has a 1 year low of $54.60 and a 1 year high of $602.54. The firm's 50-day moving average is $436.75 and its 200-day moving average is $303.37.

Western Digital (NASDAQ:WDC - Get Free Report) last issued its earnings results on Thursday, April 30th. The data storage provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.33. The company had revenue of $3.34 billion for 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 42.95%. The company's revenue for the quarter was up 45.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.36 EPS. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. As a group, equities research analysts anticipate that Western Digital Corporation will post 9.57 earnings per share for the current fiscal year.

Western Digital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th will be paid a $0.15 dividend. 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. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. Western Digital's payout ratio is 3.58%.

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.

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