Mitsubishi UFJ Trust & Banking Corp Sells 7,138 Shares of Western Digital Corporation $WDC

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of Western Digital Corporation (NASDAQ:WDC) by 4.8% during the 4th quarter, Holdings Channel reports. The fund owned 140,527 shares of the data storage provider’s stock after selling 7,138 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Western Digital were worth $24,209,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WDC. WCM Investment Management LLC purchased a new position in Western Digital during the 3rd quarter worth $791,317,000. Fred Alger Management LLC lifted its position in Western Digital by 4,923.9% during the 3rd quarter. Fred Alger Management LLC now owns 3,407,042 shares of the data storage provider’s stock worth $409,049,000 after acquiring an additional 3,339,225 shares during the period. Soroban Capital Partners LP lifted its holdings in shares of Western Digital by 1,926.3% in the 2nd quarter. Soroban Capital Partners LP now owns 3,061,134 shares of the data storage provider’s stock valued at $195,882,000 after buying an additional 2,910,062 shares during the period. Polar Capital Holdings Plc acquired a new position in shares of Western Digital in the 3rd quarter valued at about $221,800,000. Finally, AQR Capital Management LLC lifted its holdings in shares of Western Digital by 175.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,232,071 shares of the data storage provider’s stock valued at $78,347,000 after buying an additional 784,645 shares during the period. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on WDC shares. TD Cowen lifted their price target on Western Digital from $200.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, January 30th. UBS Group set a $500.00 price target on Western Digital in a research note on Monday. Wedbush restated an “outperform” rating and issued a $325.00 price target on shares of Western Digital in a research note on Monday, February 9th. Barclays lifted their price target on Western Digital from $325.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Finally, Wall Street Zen lowered Western Digital from a “buy” rating to a “hold” rating in a research note on Sunday, April 12th. Nineteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $320.38.

Western Digital Price Performance

WDC stock opened at $412.76 on Thursday. Western Digital Corporation has a 1 year low of $41.83 and a 1 year high of $441.99. The firm has a market capitalization of $139.94 billion, a PE ratio of 41.40, a price-to-earnings-growth ratio of 0.84 and a beta of 1.77. The business has a 50 day simple moving average of $311.33 and a 200-day simple moving average of $231.78. 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) last released its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.20. Western Digital had a return on equity of 41.53% and a net margin of 35.52%.The firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the prior year, the firm posted $1.77 earnings per share. The firm’s quarterly revenue was up 25.2% on a year-over-year basis. Equities research analysts anticipate that Western Digital Corporation will post 8.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Western Digital news, Director Matthew E. Massengill sold 36,926 shares of the company’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. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Cynthia L. Tregillis sold 9,324 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total value of $2,501,349.48. Following the transaction, the insider owned 121,682 shares in the company, valued at $32,643,630.14. This trade represents a 7.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 92,711 shares of company stock valued at $24,300,404. Insiders own 0.18% of the company’s stock.

Western Digital News Summary

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

• Positive Sentiment: Seagate’s fiscal Q3 beat and bullish revenue/profit outlook signaled robust enterprise spending for AI infrastructure, which lifted sentiment across storage names and triggered WDC’s rally. Seagate Stock Soars After AI Demand Powers Big Earnings Beat
• Positive Sentiment: Analysts have been raising price targets and reiterating bullish views (BofA among them), citing improving pricing, stronger margins and buybacks — supportive for further upside into WDC’s results. Western Digital Stock Receives Bullish Price Target Upgrades Before Q3 Earnings
• Positive Sentiment: Upcoming fiscal Q3 (Apr 30) is a near-term catalyst—street expectations are high and some previews argue WDC is set to beat on AI-driven demand and margin expansion. Positive beat would likely sustain the rally. Dear Western Digital Stock Fans, Mark Your Calendars for April 30
• Neutral Sentiment: Options market implies a sizable expected move into earnings (~11.6%), highlighting elevated short-term volatility even if fundamentals remain constructive. Options Traders Expect an 11.63% Move in WDC Stock
• Neutral Sentiment: Retail promotions (e.g., WD_Black discount) are visible but are unlikely to move the stock materially compared with enterprise AI demand and analyst flows. WD_Black 2TB Xbox Storage Expansion Card Drops to $0.11 per GB
• Negative Sentiment: Elevated expectations and upgraded targets mean downside risk if WDC’s results or guidance fall short — several pieces warn that the rally could be pricing in aggressive growth. Why The Western Digital (WDC) Story Is Shifting As Analysts Reset Targets And Expectations

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.