Natixis Advisors LLC Buys 7,380 Shares of Western Digital Corporation $WDC

Natixis Advisors LLC raised its stake in Western Digital Corporation (NASDAQ:WDC) by 2.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 372,984 shares of the data storage provider’s stock after purchasing an additional 7,380 shares during the quarter. Natixis Advisors LLC’s holdings in Western Digital were worth $64,254,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Root Financial Partners LLC increased its holdings in shares of Western Digital by 12.2% in the 4th quarter. Root Financial Partners LLC now owns 1,184 shares of the data storage provider’s stock worth $204,000 after buying an additional 129 shares during the last quarter. a16z Perennial Management L.P. increased its holdings in shares of Western Digital by 8.5% in the 4th quarter. a16z Perennial Management L.P. now owns 2,011 shares of the data storage provider’s stock worth $346,000 after buying an additional 157 shares during the last quarter. New Mexico Educational Retirement Board grew its holdings in shares of Western Digital by 3.8% during the 4th quarter. New Mexico Educational Retirement Board now owns 16,314 shares of the data storage provider’s stock valued at $2,810,000 after purchasing an additional 600 shares during the last quarter. Ellevest Inc. bought a new position in shares of Western Digital during the 4th quarter valued at $208,000. Finally, Black Swift Group LLC bought a new position in shares of Western Digital during the 4th quarter valued at $2,153,000. Institutional investors own 92.51% of the company’s stock.

Insider Activity at Western Digital

In related news, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $411.84, for a total transaction of $8,236,800.00. Following the completion of the transaction, the chief executive officer directly owned 598,150 shares of the company’s stock, valued at $246,342,096. This trade represents a 3.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Cynthia L. Tregillis sold 214 shares of Western Digital stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $539.63, for a total transaction of $115,480.82. Following the transaction, the insider directly owned 117,157 shares of the company’s stock, valued at approximately $63,221,431.91. This trade represents a 0.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 37,408 shares of company stock valued at $14,707,666. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on WDC shares. Citigroup increased their target price on shares of Western Digital from $500.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday. Barclays increased their target price on shares of Western Digital from $450.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, May 27th. Truist Financial set a $310.00 target price on shares of Western Digital in a report on Tuesday, February 3rd. Mizuho set a $470.00 target price on shares of Western Digital in a report on Friday, May 1st. Finally, Robert W. Baird increased their target price on shares of Western Digital from $310.00 to $450.00 and gave the company an “outperform” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Western Digital has a consensus rating of “Moderate Buy” and a consensus price target of $424.33.

More Western Digital News

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

• Positive Sentiment: Multiple articles highlighted Western Digital as a beneficiary of the AI storage supercycle, with demand for cloud computing, AI, IoT, and enterprise data storage expected to support continued growth. 3 Storage Devices Stocks to Buy as the Industry Gains Momentum
• Positive Sentiment: Western Digital also drew attention for its Computex 2026 messaging that AI infrastructure is fundamentally a data system, reinforcing the company’s role in AI-driven storage demand. WD at Computex 2026: AI Doesn’t Just Run on Compute – It Runs on Data
• Positive Sentiment: Investors also reacted to Evercore ISI raising its price target on Western Digital to $575 from $410 while keeping an Outperform rating, signaling higher Wall Street confidence. Here’s What Evercore Now Says About Western Digital Corp (WDC) Stock
• Positive Sentiment: Several commentary pieces argued that the AI storage trade still has room to run, helping keep momentum in the stock and the broader memory/storage group. Western Digital: The AI Storage Trade Still Has Room To Run
• Neutral Sentiment: Western Digital presented at the Bank of America 2026 Global Technology Conference, which likely kept the company in focus but did not include a clear new catalyst in the headline. Western Digital Corporation (WDC) Presents at Bank of America 2026 Global Technology Conference Transcript
• Negative Sentiment: An insider sale by Vidyadhara K. Gubbi was disclosed, which can slightly temper enthusiasm even though the sale was small relative to the insider’s remaining stake. SEC filing for insider sale

Western Digital Trading Up 3.1%

NASDAQ:WDC opened at $563.10 on Wednesday. The company has a 50-day moving average price of $400.87 and a 200-day moving average price of $284.43. Western Digital Corporation has a 12 month low of $51.88 and a 12 month high of $571.18. The stock has a market cap of $194.09 billion, a price-to-earnings ratio of 33.62 and a beta of 2.13.

Western Digital (NASDAQ:WDC) last posted its earnings results on Thursday, April 30th. The data storage provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.39 by $0.33. Western Digital had a net margin of 55.29% and a return on equity of 42.95%. The firm had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period last year, the company posted $1.36 EPS. The company’s quarterly revenue was up 45.5% compared to the same quarter last year. Western Digital has set its Q4 2026 guidance at 3.100-3.400 EPS. Equities analysts forecast that Western Digital Corporation will post 9.57 EPS for the current fiscal year.

Western Digital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.1%. This is a positive change from Western Digital’s previous quarterly dividend of $0.13. Western Digital’s dividend payout ratio is 2.99%.

About Western Digital

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.