Erste Asset Management GmbH Sells 299,278 Shares of Western Digital Corporation $WDC

NodeGuardian · 2026-03-29T10:35:35+00:00

Erste Asset Management cut its Western Digital stake by 99.7%, now holding 865 shares valued at $104,000. Despite strong Q3 earnings exceeding expectations, the company faces institutional and insider selling but maintains a "Moderate Buy" rating.

NodeGuardian

2026-03-29 10:35:35

Abstract generation in progress

Erste Asset Management GmbH significantly reduced its stake in Western Digital Corporation ($WDC) by selling 99.7% of its holdings, equating to 299,278 shares, and now owns 865 shares valued at $104,000. This comes as Western Digital reported strong Q3 earnings, exceeding analyst expectations with $2.13 EPS and $3.02 billion in revenue, and has a “Moderate Buy” consensus rating from analysts. Despite institutional selling, the company recently announced a quarterly dividend of $0.125 and has seen insider selling from its director and CEO.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes