Western Digital Corporation $WDC Shares Purchased by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management raised its stake in Western Digital by 65.3% to 71,089 shares (worth $8.54M) in Q3, and other institutions (institutional ownership 92.51%) including Wolf Hill also materially increased positions, signaling strong institutional buying.
• Analyst sentiment is broadly constructive — consensus is a "Moderate Buy" with an average price target of $265.58, while several brokerages raised targets (as high as $335) and Weiss Ratings upgraded to a buy.
• Shares climbed to $269.64 after Western Digital reported an EPS beat ($2.13 vs. $1.93) and revenue of $3.02B (+25.2% YoY); the company also announced a $0.125 quarterly dividend, though insiders have sold roughly 92,795 shares (~$24.3M) in the past three months.

Landscape Capital Management L.L.C. boosted its stake in Western Digital Corporation (NASDAQ:WDC - Free Report) by 65.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,089 shares of the data storage provider's stock after buying an additional 28,078 shares during the period. Western Digital makes up approximately 0.5% of Landscape Capital Management L.L.C.'s portfolio, making the stock its 29th biggest position. Landscape Capital Management L.L.C.'s holdings in Western Digital were worth $8,535,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Wolf Hill Capital Management LP raised its stake in shares of Western Digital by 63.4% in the 3rd quarter. Wolf Hill Capital Management LP now owns 612,656 shares of the data storage provider's stock valued at $73,555,000 after acquiring an additional 237,656 shares during the period. Certuity LLC purchased a new position in shares of Western Digital during the 3rd quarter worth approximately $334,000. Tocqueville Asset Management L.P. purchased a new position in shares of Western Digital during the 3rd quarter worth approximately $322,000. Quadrature Capital Ltd acquired a new stake in Western Digital in the 3rd quarter valued at approximately $14,563,000. Finally, BOKF NA increased its holdings in Western Digital by 6,700.0% in the 3rd quarter. BOKF NA now owns 272 shares of the data storage provider's stock valued at $33,000 after purchasing an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 92.51% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Truist Financial set a $310.00 price target on Western Digital in a research note on Tuesday, February 3rd. Weiss Ratings upgraded Western Digital from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, February 2nd. Wells Fargo & Company increased their target price on Western Digital from $260.00 to $335.00 and gave the stock an "overweight" rating in a research note on Friday, January 30th. Robert W. Baird set a $310.00 target price on Western Digital in a report on Monday, February 2nd. Finally, Susquehanna reaffirmed a "neutral" rating and issued a $285.00 target price on shares of Western Digital in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $265.58.

Western Digital News Summary

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

• Positive Sentiment: Analysts highlight WDC’s outperformance versus the broader Technology sector over the past year and strong forward optimism, supporting investor confidence in further upside. How Is Western Digital's Stock Performance Compared to Other Technology Stocks?
• Positive Sentiment: Jim Cramer named WDC as a buy on pullbacks tied to oil-driven market dips, which can attract retail/institutional dip-buying interest when broader risk events ease. Cramer: Buy Western Digital, Micron, Seagate on oil-driven dips
• Positive Sentiment: VDURA announced plans to combine scalable WD Ultrastar hybrid platforms with cloud‑scale AI file architectures — a product/partner development that underpins revenue and AI-storage demand narratives. VDURA to Combine Scalable WD Ultrastar Hybrid Storage Platforms with Cloud-Scale AI File Architecture
• Positive Sentiment: Brokerage coverage remains constructive (average recommendation ~Buy); continued analyst backing helps sustain demand for WDC shares. Western Digital (WDC) Is Considered a Good Investment by Brokers: Is That True?
• Neutral Sentiment: Industry write-ups and stock‑selection pieces flag WDC among storage winners as cloud, AI and data growth drive demand — supportive context but not new company‑specific catalysts. 3 Storage Devices Stocks to Buy as the Industry Gains Momentum
• Neutral Sentiment: Recent coverage notes the stock’s massive one‑year rally (~540%), prompting questions about remaining upside — this frames sentiment but leaves valuation debate open. Western Digital Surges 540% in a Year: Is the Stock Worth Buying?
• Negative Sentiment: A Zacks report highlighted a recent sharper-than-market pullback (WDC down intraday/at prior close), signaling short‑term volatility and profit‑taking risk after the big run. Western Digital (WDC) Falls More Steeply Than Broader Market: What Investors Need to Know
• Negative Sentiment: An insider (Vidyadhara Gubbi) sold ~8.5k shares — not unusually large for a company of WDC’s size but can be cited by short‑term traders as a reason to trim holdings. Vidyadhara Gubbi Sells 8,518 Shares of Western Digital NASDAQ: WDC Stock
• Negative Sentiment: Broader market pressure from a jump in oil and risk‑off moves can drag tech and storage stocks, creating day‑to‑day volatility independent of company fundamentals. Dow Jones Futures Fall As Oil Prices Run Past $90; Oracle, Nvidia Lift These AI Names

Western Digital Stock Up 3.2%

Shares of NASDAQ WDC traded up $8.46 during mid-day trading on Friday, hitting $269.64. The company had a trading volume of 1,961,786 shares, compared to its average volume of 9,918,915. The company has a market capitalization of $91.42 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 0.62 and a beta of 1.76. The business's 50-day simple moving average is $253.54 and its 200 day simple moving average is $177.10. Western Digital Corporation has a 1-year low of $28.83 and a 1-year high of $309.90. 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 released its earnings results on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, topping the consensus estimate of $1.93 by $0.20. The firm had revenue of $3.02 billion during the quarter, compared to analysts' expectations of $2.93 billion. Western Digital had a return on equity of 41.53% and a net margin of 35.52%.Western Digital's revenue for the quarter was up 25.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.77 EPS. On average, analysts predict that Western Digital Corporation will post 4.89 earnings per share for the current year.

Western Digital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Thursday, March 5th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, March 5th. Western Digital's dividend payout ratio is presently 5.02%.

Insider Activity

In other Western Digital news, Director Matthew E. Massengill sold 36,926 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $260.43, for a total value of $9,616,638.18. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Irving Tan sold 20,000 shares of the firm's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $255.44, for a total transaction of $5,108,800.00. Following the completion of the sale, the chief executive officer owned 623,586 shares in the company, valued at $159,288,807.84. The trade was a 3.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 92,795 shares of company stock valued at $24,265,884 over the last three months. 0.18% of the stock is currently owned by corporate 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.

Want to see what other hedge funds are holding WDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Digital Corporation (NASDAQ:WDC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.