Pinkerton Retirement Specialists LLC Makes New $211,000 Investment in Western Digital Co. (NASDAQ:WDC)

Pinkerton Retirement Specialists LLC bought a new stake in Western Digital Co. (NASDAQ:WDC) during the first quarter, Holdings Channel reports. The institutional investor bought 3,088 shares of the data storage provider’s stock, valued at approximately $211,000.

A number of other large investors also recently made changes to their positions in the business. Rise Advisors LLC bought a new position in Western Digital in the 1st quarter worth approximately $25,000. Naples Money Management LLC acquired a new position in Western Digital in the fourth quarter worth $26,000. Fidelis Capital Partners LLC acquired a new position in Western Digital in the first quarter worth $30,000. SOA Wealth Advisors LLC. bought a new stake in shares of Western Digital during the first quarter worth $31,000. Finally, Lindbrook Capital LLC increased its stake in shares of Western Digital by 121.7% in the fourth quarter. Lindbrook Capital LLC now owns 614 shares of the data storage provider’s stock valued at $32,000 after buying an additional 337 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on WDC. Loop Capital upped their price target on shares of Western Digital from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Wells Fargo & Company upped their target price on shares of Western Digital from $72.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Cantor Fitzgerald reissued an “overweight” rating and issued a $100.00 price target on shares of Western Digital in a report on Tuesday, June 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $115.00 price objective on shares of Western Digital in a report on Tuesday, June 11th. Finally, Argus increased their price objective on Western Digital from $68.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Western Digital has a consensus rating of “Moderate Buy” and a consensus price target of $82.52.

Western Digital Trading Down 0.6 %

Shares of NASDAQ:WDC traded down $0.42 during mid-day trading on Friday, reaching $69.82. The stock had a trading volume of 4,315,893 shares, compared to its average volume of 4,595,426. The firm has a market cap of $22.80 billion, a PE ratio of -14.05 and a beta of 1.37. The firm has a 50 day simple moving average of $76.06 and a two-hundred day simple moving average of $67.01. The company has a current ratio of 1.86, a quick ratio of 1.07 and a debt-to-equity ratio of 0.72. Western Digital Co. has a twelve month low of $35.62 and a twelve month high of $81.55.

Western Digital (NASDAQ:WDC) last posted its earnings results on Thursday, April 25th. The data storage provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.42. Western Digital had a negative net margin of 12.87% and a negative return on equity of 13.75%. The company had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same period last year, the business posted ($1.57) earnings per share. The business’s revenue for the quarter was up 23.3% compared to the same quarter last year. On average, research analysts predict that Western Digital Co. will post -1.45 EPS for the current fiscal year.

Insider Buying and Selling

In other Western Digital news, SVP Gene M. Zamiska sold 416 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $71.88, for a total value of $29,902.08. Following the completion of the sale, the senior vice president now directly owns 30,321 shares in the company, valued at $2,179,473.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Robert Soderbery sold 26,853 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $73.48, for a total value of $1,973,158.44. Following the completion of the transaction, the executive vice president now owns 144,623 shares in the company, valued at $10,626,898.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Gene M. Zamiska sold 416 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $71.88, for a total transaction of $29,902.08. Following the sale, the senior vice president now directly owns 30,321 shares of the company’s stock, valued at approximately $2,179,473.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,488 shares of company stock valued at $2,020,143. 0.28% of the stock is owned by company insiders.

Western Digital Profile

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 desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and 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.