Sentry Investment Management LLC Has $88,000 Stock Position in Western Digital Co. (NASDAQ:WDC)

Sentry Investment Management LLC cut its position in Western Digital Co. (NASDAQ:WDC) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,678 shares of the data storage provider’s stock after selling 180 shares during the period. Sentry Investment Management LLC’s holdings in Western Digital were worth $88,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its holdings in shares of Western Digital by 79.1% during the third quarter. Parkside Financial Bank & Trust now owns 747 shares of the data storage provider’s stock worth $34,000 after purchasing an additional 330 shares during the last quarter. Natixis Advisors L.P. grew its holdings in Western Digital by 0.9% during the 3rd quarter. Natixis Advisors L.P. now owns 37,156 shares of the data storage provider’s stock worth $1,695,000 after acquiring an additional 338 shares during the last quarter. Wahed Invest LLC increased its position in Western Digital by 7.3% in the 3rd quarter. Wahed Invest LLC now owns 5,010 shares of the data storage provider’s stock valued at $229,000 after acquiring an additional 340 shares in the last quarter. M Holdings Securities Inc. raised its stake in shares of Western Digital by 6.2% in the third quarter. M Holdings Securities Inc. now owns 6,735 shares of the data storage provider’s stock worth $219,000 after acquiring an additional 395 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its position in shares of Western Digital by 20.8% during the third quarter. Avior Wealth Management LLC now owns 2,319 shares of the data storage provider’s stock worth $106,000 after purchasing an additional 400 shares in the last quarter. 92.51% of the stock is owned by institutional investors.

Western Digital Price Performance

WDC opened at $68.32 on Friday. Western Digital Co. has a twelve month low of $31.97 and a twelve month high of $76.92. The company has a current ratio of 1.67, a quick ratio of 0.98 and a debt-to-equity ratio of 0.73. The firm’s fifty day moving average is $63.52 and its two-hundred day moving average is $53.99.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings data on Monday, January 29th. The data storage provider reported ($0.69) EPS for the quarter, topping the consensus estimate of ($1.30) by $0.61. Western Digital had a negative return on equity of 19.45% and a negative net margin of 19.90%. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3 billion. During the same quarter last year, the business posted ($0.69) EPS. The firm’s revenue was down 2.4% compared to the same quarter last year. Equities research analysts forecast that Western Digital Co. will post -2.31 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Mizuho raised their price target on shares of Western Digital from $66.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. UBS Group lifted their target price on Western Digital from $65.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday. Morgan Stanley upped their price target on Western Digital from $73.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upgraded Western Digital from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $45.00 to $65.00 in a research report on Tuesday, January 16th. Finally, Evercore ISI began coverage on shares of Western Digital in a research report on Wednesday, March 27th. They set an “outperform” rating and a $80.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $73.17.

Insider Transactions at Western Digital

In related news, Director Kimberly Alexy sold 2,648 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $69.95, for a total value of $185,227.60. Following the completion of the transaction, the director now directly owns 20,509 shares in the company, valued at approximately $1,434,604.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Kimberly Alexy sold 2,648 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $69.95, for a total transaction of $185,227.60. Following the sale, the director now directly owns 20,509 shares in the company, valued at $1,434,604.55. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Gene M. Zamiska sold 443 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $75.00, for a total transaction of $33,225.00. Following the completion of the sale, the senior vice president now directly owns 30,958 shares in the company, valued at $2,321,850. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

Western Digital Company 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.