SBI Securities 13F: Cuts Western Digital (WDC) Stake by $2.3M

SBI Securities cut its position in Western Digital Corporation (NASDAQ:WDC) during the quarter, according to a Form 13F filing submitted to the SEC on October 22, 2026. The firm unloaded 5,020 shares to end the period with 5,091 shares. That reduction left its holding valued at about $2.3 million.

WDC Western Digital Corporation

$378.51 ▲ +101.87% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in SBI Securities's Western Digital Position

The fund lowered its exposure to the data storage device maker by a 49.6% margin during the quarter. Prior to the adjustment, the firm held 10,111 shares. The remaining stake of 5,091 shares reflects a notable pullback by the institution in this specific technology hardware name.

Other Institutional Activity in Western Digital

Other large investors also shifted their bets on the company around the same time. Portman Square Capital closed out its entire holding by selling 10,430 shares, bringing its position down to zero. Meanwhile, First Citizens Bank & Trust grew its holdings by 13,163 shares, ending with 19,014 shares worth about $8.6 million.

Western Digital Corporation Stock Up 0.3%

Western Digital shares recently traded around $365.51 as of October 22, 2026. The stock closed at $350.78 on the filing date, putting the recent price up about 4.2% since then. The shares sit well below their 52-week high of $799.87 and above their 52-week low of $121.72.

Recent Earnings

The company posted trailing twelve month revenue of $12.9 billion alongside basic earnings of $26.92 per share. Profitability metrics include a net profit margin of 72.9% and a return on equity of 130.9%. Its next earnings update is scheduled for October 22, 2026.

Dividend

Western Digital pays an annual dividend rate of $0.60 per share, yielding 0.16% with a payout ratio of 1.9%.

Insider Buying and Selling at Western Digital Corporation

Company insiders executed several transactions prior to the filing. Officer Cynthia Lock Tregillis sold 1,483 shares on August 27, 2026, and later sold 432 shares at $451.20 on September 4, 2026, for a value of $194,918. Director Stephanie A. Streeter sold 5,600 shares on September 1, 2026, totaling $2.5 million. Officer Vidyadhara K. Gubbi sold 1,795 shares at $459.87 on September 4, 2026, worth $825,472.

Analysts Set New Price Targets

Wall Street firms actively adjusted their views on the stock ahead of the filing. On August 7, 2026, Citigroup maintained a Buy rating while lowering its target from $800.00 to $740.00. UBS maintained a Neutral rating on October 12, 2026, lowering its target to $470.00 from $525.00. Wells Fargo maintained an Overweight rating on October 16, 2026, moving its target from $730.00 to $450.00. Morgan Stanley maintained an Overweight rating on October 20, 2026, trimming its target to $643.00 from $676.00. B of A Securities maintained a Buy rating on October 21, 2026, raising its target to $800.00 from $720.00. Overall, wall street maintains a consensus strong buy rating on the stock supported by a mean price target of $654.00 across 24 analyst opinions.

About Western Digital

Western Digital Corporation designs and builds data storage products based on hard disk drive technology. The company serves customers worldwide with internal drives, data center solutions, and portable storage units. Institutional adjustments in the stock arrive as the hardware maker navigates shifting storage demand across enterprise and consumer markets.

Bottom Line

Investors will look to upcoming earnings reports and future SEC filings to see whether institutional interest stabilizes. Monitoring upcoming quarterly numbers and insider trades will help clarify the broader trend for the hardware provider.