Western Digital ( Western Digital, stock code: WDC ) and Seagate Technology ( Seagate Technology, stock code: STX ) saw declines in their stock prices during trading on Friday.
Prior to this decline, there were reports that Toshiba planned to double the hard drive production capacity for its data centers targeting AI by the fiscal year 2027. The reports indicated that the investment in this plan could alleviate supply shortages, which previously helped Western Data and Seagate achieve record profits.
In this article, TipRanks used its shareholding tool (Ownership Tool) to further identify who is holding shares in WDC and STX.
Who holds STX stocks?
According to the shareholding tools of TipRanks, listed companies and individual investors collectively hold 42.73% of the shares in STX. Following that are ETF, holding 28.71%; mutual funds, holding 28.30%; insiders, holding 0.21%; and other institutional investors, holding 0.04%.
In terms of mutual funds, Vanguard Index Funds holds approximately 9.47% of the shares in Seagate.
Who holds WDC stocks?
Looking at Western Data again, listed companies and individual investors together hold 33.88% of the shares of WDC. Following that are ETF, holding 33.61%; mutual funds, holding 32.13%; insiders, holding 0.38%; and other institutional investors holding less than 0.01%.
Wall Street's views on STX and WDC stocks
According to the TipRanks stock comparison tool (Stock Comparison Tool), both Western Data and Seagate currently have a "Strong Buy" rating.
The average target price for Western Digital's stock is $657.88, which indicates a potential upside of over 60%. The average target price for Seagate ( STX ) is $1,080.13, suggesting a potential increase of over 30%.
