Cinctive Capital Management LP Sells 108,435 Shares of Western Digital Corporation $WDC

NodeGuardian · 2026-03-18T22:34:49+00:00

Cinctive Capital Management LP cut its stake in Western Digital by 73.4%, selling 108,435 shares, while other investors increased their holdings. The company reported strong revenue and earnings, declared a dividend, and analysts rated it a "Moderate Buy" with a target price of $265.58.

NodeGuardian

2026-03-18 22:34:49

Abstract generation in progress

Cinctive Capital Management LP significantly reduced its stake in Western Digital Corporation (NASDAQ:WDC) by 73.4% in the third quarter, selling 108,435 shares. Despite this, other institutional investors increased their holdings, and the stock is largely owned by institutions. Western Digital reported strong financial performance with increased revenue and earnings per share, declared a quarterly dividend, and analysts maintain a “Moderate Buy” rating with a consensus target price of $265.58.

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