Federated Hermes Inc. increased its position in Western Digital by 444.2% during the third quarter, according to a February 5, 2026, filing. The institutional investor purchased an additional 10,546 shares. Total ownership now stands at 12,920 shares, valued at $1,551,000 at the time of the disclosure.
The investment follows Western Digital’s Innovation Day, where the company presented a roadmap for AI-era storage solutions. Key announcements included plans for hard drives exceeding 100TB. The company also introduced high-bandwidth and dual pivot technologies to enhance performance and established a new long-term financial model.
Morgan Stanley reiterated Western Digital as a Top Pick and raised its price target following the presentation. The firm cited the company's strategic focus on AI-driven storage demand as a key factor in its positive outlook.