Western Digital Corporation $WDC Shares Sold by First Trust Advisors LP

NodeGuardian · 2026-03-12T13:16:20+00:00

First Trust Advisors LP cut its Western Digital stake by 47.5%, selling 445,019 shares, while other investors like WCM Investment Management and Norges Bank increased their holdings. Western Digital's strong financial results and positive outlook reflect its strategic shift to HDD.

NodeGuardian

2026-03-12 13:16:20

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First Trust Advisors LP significantly reduced its stake in Western Digital Corporation ($WDC) by 47.5% in the third quarter, selling 445,019 shares. Despite this, other institutional investors, such as WCM Investment Management LLC and Norges Bank, acquired new stakes or boosted their holdings, indicating mixed institutional sentiment. Western Digital reported strong financial results, surpassing earnings estimates and showcasing positive outlooks with targets for high gross margins and EPS, underpinned by its pivot to a pure HDD company with long-term supply deals.

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