Swiss Life Asset Management Ltd Acquires 21,752 Shares of Western Digital Corporation $WDC

Swiss Life Asset Management Ltd grew its position in Western Digital Corporation (NASDAQ:WDC) by 20.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,696 shares of the data storage provider’s stock after acquiring an additional 21,752 shares during the period. Swiss Life Asset Management Ltd’s holdings in Western Digital were worth $15,091,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. ORG Partners LLC grew its holdings in Western Digital by 124.5% in the 3rd quarter. ORG Partners LLC now owns 211 shares of the data storage provider’s stock valued at $25,000 after buying an additional 117 shares in the last quarter. Rakuten Securities Inc. grew its stake in shares of Western Digital by 4,070.0% in the second quarter. Rakuten Securities Inc. now owns 417 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 407 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in Western Digital by 551.4% during the third quarter. Cullen Frost Bankers Inc. now owns 241 shares of the data storage provider’s stock worth $29,000 after acquiring an additional 204 shares during the period. Grove Bank & Trust bought a new stake in Western Digital in the 3rd quarter valued at about $30,000. Finally, Westfuller Advisors LLC bought a new position in shares of Western Digital during the third quarter worth approximately $30,000. 92.51% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Vidyadhara K. Gubbi sold 8,518 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $255.32, for a total value of $2,174,815.76. Following the transaction, the insider directly owned 99,276 shares in the company, valued at approximately $25,347,148.32. This represents a 7.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Cynthia L. Tregillis sold 9,324 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $268.27, for a total transaction of $2,501,349.48. Following the completion of the transaction, the insider directly owned 121,682 shares in the company, valued at $32,643,630.14. This represents a 7.12% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 92,795 shares of company stock valued at $24,265,884. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Western Digital from $240.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Wells Fargo & Company lifted their target price on Western Digital from $260.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. New Street Research set a $250.00 price objective on shares of Western Digital in a report on Tuesday, February 3rd. Cantor Fitzgerald increased their price objective on Western Digital to $325.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Finally, Susquehanna reiterated a “neutral” rating and set a $285.00 price target on shares of Western Digital in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $265.58.

Western Digital News Roundup

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

• Positive Sentiment: Technical bullishness — WDC (along with SanDisk) just formed a “golden cross” (50-day MA crossing above 200-day MA), a widely watched buy signal that tends to draw momentum traders and algorithmic flows. Read More.
• Positive Sentiment: Reputation/ESG boost — Western Digital was named one of Ethisphere’s 2026 World’s Most Ethical Companies for the eighth consecutive year, supporting longer-term institutional confidence. Read More.
• Positive Sentiment: Sector tailwind — Strong demand for memory/storage is lifting peers (e.g., SanDisk), which helps sentiment for WDC as investors rotate into the sector. Peer strength can sustain multiple expansion. Read More.
• Positive Sentiment: Analyst/idea flow — WDC is featured in screens and idea lists (Zacks and other outlets) highlighting AI and storage beneficiaries, which can attract fresh retail and quant interest. Read More.
• Neutral Sentiment: Valuation check / momentum note — Coverage notes the stock’s rapid gains and asks whether valuation has gotten stretched after the recent surge, leaving some investors cautious about chasing more upside. Read More.
• Neutral Sentiment: Market commentary — Several “should you chase the rally” and movers pieces discuss WDC alongside broader market drivers (oil/geo risks, chip/memory moves), which can amplify short-term volatility without changing fundamentals. Read More.
• Neutral Sentiment: Product promotion — A retail discount on a WD Red Plus NAS drive is noted but is unlikely to move the stock materially; it’s more a consumer/marketing datapoint than a corporate catalyst. Read More.
• Negative Sentiment: Short-term pullback / profit-taking — Coverage highlights a recent intraday decline (a pullback after the sprint higher) and notes WDC fell more than the broader market on that session, reflecting profit-taking and volatility after rapid gains. Read More.

Western Digital Price Performance

Shares of NASDAQ:WDC opened at $316.93 on Friday. The firm’s 50 day moving average price is $263.78 and its 200-day moving average price is $184.69. The stock has a market capitalization of $107.45 billion, a PE ratio of 31.79, a price-to-earnings-growth ratio of 0.70 and a beta of 1.76. Western Digital Corporation has a twelve month low of $28.83 and a twelve month high of $319.62. The company has a quick ratio of 1.19, a current ratio of 1.46 and a debt-to-equity ratio of 0.34.

Western Digital (NASDAQ:WDC) last announced its quarterly earnings data on Thursday, January 29th. The data storage provider reported $2.13 EPS for the quarter, beating the consensus estimate of $1.93 by $0.20. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.93 billion. Western Digital had a return on equity of 41.53% and a net margin of 35.52%.The business’s revenue was up 25.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.77 earnings per share. Equities research analysts expect that Western Digital Corporation will post 4.89 EPS for the current year.

Western Digital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Thursday, March 5th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Thursday, March 5th. Western Digital’s dividend payout ratio (DPR) is 5.02%.

Western Digital Company Profile

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.