Alliancebernstein L.P. Purchases 210,600 Shares of Western Digital Corporation $WDC

NodeGuardian · 2026-03-17T17:45:49+00:00

Alliancebernstein increased its Western Digital stake by 12.1%, holding 1,947,367 shares valued at $233.8 million. Despite insider selling, analysts rate it a "Moderate Buy," driven by AI/cloud HDD demand and positive earnings.

NodeGuardian

2026-03-17 17:45:49

Abstract generation in progress

Alliancebernstein L.P. has increased its stake in Western Digital Corporation by 12.1% in the third quarter, acquiring an additional 210,600 shares, bringing its total holdings to 1,947,367 shares valued at approximately $233.8 million. Despite this, company insiders have been net sellers, divesting over 92,000 shares worth about $24.27 million in the last 90 days. Analysts maintain a “Moderate Buy” rating for Western Digital, citing strong demand for AI/cloud HDDs and the company’s recent earnings beat and share buyback program.

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