Western Digital Corporation $WDC Shares Acquired by OFI Invest Asset Management

OFI Invest Asset Management increased its holdings in Western Digital Corporation (NASDAQ:WDC) by 3,003.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 137,631 shares of the data storage provider’s stock after acquiring an additional 133,196 shares during the quarter. OFI Invest Asset Management’s holdings in Western Digital were worth $23,710,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. ORG Partners LLC increased its holdings in shares of Western Digital by 124.5% in the 3rd quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock valued at $25,000 after acquiring an additional 117 shares during the period. Cullen Frost Bankers Inc. increased its stake in Western Digital by 551.4% in the 3rd 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. Grove Bank & Trust acquired a new position in Western Digital in the 3rd quarter valued at $30,000. Westfuller Advisors LLC acquired a new position in Western Digital in the 3rd quarter valued at $30,000. Finally, Cornerstone Planning Group LLC increased its stake in Western Digital by 207.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 264 shares of the data storage provider’s stock valued at $32,000 after buying an additional 178 shares during the period. 92.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Western Digital

In other Western Digital news, Director Matthew E. Massengill sold 36,926 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $260.43, for a total transaction of $9,616,638.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Vidyadhara K. Gubbi sold 8,518 shares of the business’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $255.32, for a total transaction of $2,174,815.76. Following the sale, the insider owned 99,276 shares in the company, valued at $25,347,148.32. The trade was a 7.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 92,795 shares of company stock valued at $24,265,884 over the last 90 days. Company insiders own 0.18% of the company’s stock.

Western Digital Price Performance

Shares of NASDAQ WDC opened at $338.78 on Thursday. The firm has a market capitalization of $114.86 billion, a P/E ratio of 33.98, a PEG ratio of 0.68 and a beta of 1.77. Western Digital Corporation has a one year low of $30.57 and a one year high of $348.00. The company’s fifty day moving average is $281.26 and its two-hundred day moving average is $204.67. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.46.

Western Digital (NASDAQ:WDC) last issued 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 company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.93 billion. Western Digital had a net margin of 35.52% and a return on equity of 41.53%. The business’s revenue was up 25.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.77 EPS. Analysts forecast that Western Digital Corporation will post 4.89 EPS for the current fiscal year.

Western Digital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Thursday, March 5th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Thursday, March 5th. Western Digital’s payout ratio is presently 5.02%.

Key Headlines Impacting Western Digital

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

• Positive Sentiment: WDC hit an all‑time high, signaling strong buyer conviction and momentum that’s drawing inflows into the stock. Western Digital stock reaches all-time high at $334.48
• Positive Sentiment: Morgan Stanley and other outlets are forecasting strong upside/price appreciation for WDC, which can drive positive analyst coverage and fresh buying. Morgan Stanley Forecasts Strong Price Appreciation for Western Digital (NASDAQ:WDC) Stock
• Positive Sentiment: Analysts expect robust double‑digit earnings growth heading into WDC’s fiscal Q3 release, which increases the chance of an earnings beat or upward revisions and supports the rally. Western Digital’s Q3 2026 Earnings: What to Expect
• Positive Sentiment: Recent commentary pieces highlighting WDC’s outperformance vs. the market and the company’s prior quarter beat (Jan results: EPS and revenue upside, strong margins) are reinforcing investor confidence. Western Digital (WDC) Surpasses Market Returns: Some Facts Worth Knowing
• Neutral Sentiment: A retail price cut on a WD_BLACK SN770 2TB gaming SSD is a minor consumer demand stimulant but unlikely to materially move enterprise storage revenue; this is a small, near‑term retail promo. WD_BLACK SN770 2TB Gaming SSD drops to $349.99
• Negative Sentiment: Morgan Stanley and others are rotating preference to Seagate as a top pick, arguing Seagate may offer better margins/near‑term upside — this could divert capital away from WDC. Move Over, Western Digital! Why Seagate Is the New Top Stock Pick
• Negative Sentiment: Reports flag a potential demand threat from Google’s TurboQuant compression tech, which could reduce storage needs if widely adopted — this has already pressured memory/storage names in recent weeks. Is Western Digital Corporation (WDC) at Threat from Google’s TurboQuant?
• Negative Sentiment: Premarket commentary noted AI data‑center “parts” looked soft amid interest‑rate pressure, a signal that end‑market demand for components that WDC serves could face near‑term weakness. SNDK, WDC and STX Forecasts – AI Data Center “Parts” Looking Soft Premarket

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of Western Digital to $380.00 and gave the company an “overweight” rating in a research note on Monday. Rosenblatt Securities reissued a “buy” rating and issued a $340.00 price objective on shares of Western Digital in a research note on Wednesday, February 4th. Sanford C. Bernstein raised shares of Western Digital from a “market perform” rating to an “outperform” rating and set a $340.00 price objective on the stock in a research note on Tuesday, March 31st. Weiss Ratings raised shares of Western Digital from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 2nd. Finally, Robert W. Baird set a $310.00 price objective on shares of Western Digital in a research note on Monday, February 2nd. Twenty-one research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Western Digital has an average rating of “Moderate Buy” and an average price target of $278.83.

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.