abrdn plc lifted its holdings in Western Digital Co. (NASDAQ:WDC – Get Rating) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,978 shares of the data storage provider’s stock after acquiring an additional 4,731 shares during the period. abrdn plc’s holdings in Western Digital were worth $2,555,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC grew its stake in shares of Western Digital by 199.3% in the 4th quarter. Signaturefd LLC now owns 1,218 shares of the data storage provider’s stock valued at $38,000 after buying an additional 811 shares during the period. Belpointe Asset Management LLC acquired a new stake in shares of Western Digital in the 4th quarter valued at about $49,000. Dupont Capital Management Corp boosted its stake in Western Digital by 71.6% during the 4th quarter. Dupont Capital Management Corp now owns 1,620 shares of the data storage provider’s stock valued at $51,000 after purchasing an additional 676 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Western Digital during the 1st quarter valued at about $57,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Western Digital by 310.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,050 shares of the data storage provider’s stock valued at $65,000 after purchasing an additional 1,551 shares during the last quarter. 85.47% of the stock is owned by institutional investors.
Analyst Ratings Changes
WDC has been the subject of a number of analyst reports. Bank of America cut their price target on Western Digital from $50.00 to $41.00 in a research note on Tuesday, May 9th. Mizuho reduced their target price on Western Digital from $50.00 to $45.00 in a report on Tuesday, May 9th. Deutsche Bank Aktiengesellschaft reduced their target price on Western Digital from $40.00 to $36.00 in a report on Tuesday, May 9th. TheStreet lowered Western Digital from a “c-” rating to a “d+” rating in a report on Thursday, May 11th. Finally, Craig Hallum upped their target price on Western Digital from $50.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, February 1st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $46.67.
Western Digital Trading Down 1.5 %
Western Digital Company Profile
Western Digital Corp. engages in the development, manufacture, marketing, and sale of data storage devices and solutions. It operates through the Flash and Hard Disk Drive segments. The Flash segment represents flash-based data storage devices. The Hard Disk Drive segment provides hard disk storage solutions.
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