Grantham Mayo Van Otterloo & Co. LLC Purchases 10,000 Shares of Western Digital Co. (NASDAQ:WDC)

Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Western Digital Co. (NASDAQ:WDCGet Rating) by 1.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 528,600 shares of the data storage provider’s stock after acquiring an additional 10,000 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.17% of Western Digital worth $23,697,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Greenwich Wealth Management LLC boosted its holdings in shares of Western Digital by 0.7% during the second quarter. Greenwich Wealth Management LLC now owns 40,973 shares of the data storage provider’s stock worth $1,837,000 after acquiring an additional 266 shares during the period. Financial Gravity Asset Management Inc. boosted its holdings in shares of Western Digital by 148.0% during the second quarter. Financial Gravity Asset Management Inc. now owns 496 shares of the data storage provider’s stock worth $334,000 after acquiring an additional 296 shares during the period. V Wealth Advisors LLC boosted its holdings in shares of Western Digital by 5.7% during the second quarter. V Wealth Advisors LLC now owns 5,572 shares of the data storage provider’s stock worth $250,000 after acquiring an additional 300 shares during the period. Hartford Investment Management Co. boosted its holdings in shares of Western Digital by 1.0% during the second quarter. Hartford Investment Management Co. now owns 29,965 shares of the data storage provider’s stock worth $1,343,000 after acquiring an additional 303 shares during the period. Finally, Cibc World Market Inc. boosted its holdings in shares of Western Digital by 1.2% during the second quarter. Cibc World Market Inc. now owns 25,556 shares of the data storage provider’s stock worth $1,146,000 after acquiring an additional 309 shares during the period. Institutional investors own 84.57% of the company’s stock.

Western Digital Stock Performance

NASDAQ WDC opened at $37.00 on Thursday. The firm’s fifty day moving average price is $35.34 and its two-hundred day moving average price is $44.58. The stock has a market cap of $11.75 billion, a PE ratio of 12.76 and a beta of 1.53. Western Digital Co. has a fifty-two week low of $31.56 and a fifty-two week high of $69.36. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.05 and a current ratio of 1.83.

Insiders Place Their Bets

In related news, SVP Gene M. Zamiska sold 2,169 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $40.90, for a total value of $88,712.10. Following the sale, the senior vice president now owns 31,554 shares of the company’s stock, valued at $1,290,558.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WDC shares. The Goldman Sachs Group dropped their price target on shares of Western Digital from $50.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, September 23rd. Benchmark dropped their price target on shares of Western Digital from $34.00 to $28.00 and set a “sell” rating for the company in a research report on Friday, September 30th. Craig Hallum dropped their price target on shares of Western Digital from $85.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, October 4th. Robert W. Baird dropped their price target on shares of Western Digital from $55.00 to $50.00 in a research report on Monday, October 31st. Finally, Exane BNP Paribas started coverage on shares of Western Digital in a research report on Tuesday, September 13th. They issued an “underperform” rating and a $30.00 price target for the company. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $49.81.

About Western Digital

(Get Rating)

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook personal computers (PCs), smart video systems, gaming consoles, and set top boxes; flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications; and flash-based memory wafers.

See Also

Institutional Ownership by Quarter for Western Digital (NASDAQ:WDC)

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