Western Digital Corp (NASDAQ:WDC) Big Money Positioning Change, Sentiment at 0.98

June 27, 2018 - By Alberto Lyles

Western Digital Corporation (NASDAQ:WDC) Corporate Logo

Western Digital Corp’s Sentiment

In 2018 Q1 Western Digital Corp (NASDAQ:WDC) big money sentiment decreased to 0.98, revealed SEC filings. That’s down -0.09, from 2017Q4’s 1.07. 294 funds increased or started new equity positions, while 299 sold and reduced their stock positions in Western Digital Corp so the sentiment has dropped. These funds own 242.29 million shares, that’s down from 243.21 million shares in 2017Q4. Funds holding Western Digital Corp in top 10 changed to 18 from 12 for an increase of 6. In total 55 funds closed positions, 244 reduced and 201 increased. Also 93 funds bought new Western Digital Corp stakes.

Significant Western Digital Corp Investors

As of 2018 Q1 Villere St Denis J & Co Llc has 5.61% invested in Western Digital Corp. Western Digital Corp’s shareholder Iridian Asset Management Llc Ct owns 5.99 million shares as of 2018 Q1. Intrepid Capital Management Inc reported 134,223 shares. Lyrical Asset Management Lp revealed 3.61 million shares position in Western Digital Corp. The Alabama-based fund 10 looks positive on Western Digital Corp, having 157,906 shares.

Western Digital Corporation, together with its subsidiaries, develops, makes, and sells data storage devices and solutions worldwide.The firm is valued at $23.48 billion. It offers performance hard disk drives that are used in enterprise servers, data analysis, and other enterprise applications; capacity HDDs and drive configurations for use in data storage systems and tiered storage models; and enterprise solid state drives (SSDs), including NAND-flash SSDs and software solutions that are designed to enhance the performance in various enterprise workload environments.The P/E ratio is 117.1. The firm also provides system solutions that offer petabyte scalable capacity; data storage platforms and systems; datacenter software and systems; and HDDs and SSDs for desktop and notebook PCs, gaming consoles, security surveillance systems, and set top boxes.

The stock decreased 0.07% or $0.06 during the last trading session, hitting $78.46.Western Digital Corporation has volume of 1.47 million shares. Since June 27, 2017 WDC has declined 3.27% and is downtrending. WDC underperformed the S&P 500 by 15.84%.

Western Digital Corporation (NASDAQ:WDC)’s quarterly earnings will be revealed on July, 26., according to Faxor. Last year’s earnings per share was $2.63, while now analysts expect change of 21.67 % up from current $3.20 earnings per share. If the current earnings per share of $3.20 is accurate, WDC’s profit could reach $957.51M. -4.76 % negative EPS growth is what Wall Street’s forecasts after $3.36 reported EPS previous quarter.

Sterling Cap Management Ltd Liability Corporation holds 0.08% of its capital in Western Digital Corporation (NASDAQ:WDC) for 94,182 shs. Hartford Inv Co accumulated 59,241 shs. Secor Capital Advsrs Ltd Partnership invested in 0.44% or 57,478 shs. Freestone Cap Holdings Ltd Limited Liability Company has 8,964 shs. Us Financial Bank De reported 698,437 shs. Highbridge Capital Mgmt Ltd Limited Liability Company, New York-based fund reported 43,075 shs. Congress Asset Management Ma reported 0.05% of its capital in Western Digital Corporation (NASDAQ:WDC). Liberty Mutual Gp Asset holds 0.03% or 11,753 shs in its capital. 107,340 are owned by Balyasny Asset Mgmt Limited. 48,196 were reported by Regentatlantic Cap Ltd. 46,830 were reported by Mutual Of America Cap Limited Com. Robeco Institutional Asset Bv owns 461,018 shs for 0.2% of their capital. British Columbia Inv Mngmt Corp has 111,286 shs. 27,072 are held by Ima Wealth. 1.42M are owned by First Tru Advsrs Lp.

Western Digital Corporation had 19 selling transactions and 0 insider buys since January 29, 2018. This’s net activity of $33.27 million. DENERO HENRY T sold 6,492 shs worth $556,051. On Monday, February 5 $369,385 worth of Western Digital Corporation (NASDAQ:WDC) was sold by RAY MICHAEL CHARLES. On Friday, February 16 10,865 shs were sold by Sivaram Srinivasan, worth $942,109. On Friday, March 9 a trade for 7,026 shs valued at $693,064 was made by LONG MARK P. LAMBERT MICHAEL D sold 11,542 shs worth $991,202. Price Paula A sold $288,193 worth of Western Digital Corporation (NASDAQ:WDC) or 3,288 shs on Tuesday, May 22.

Western Digital Corporation (NASDAQ:WDC) Ratings Coverage

Total analysts of 18 have positions in Western Digital (NASDAQ:WDC) as follows: 14 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 78%. Since January 4, 2018 according to StockzIntelligence Inc Western Digital has 27 analyst reports. On Friday, April 27 Barclays Capital maintained the shares of WDC in report with “Overweight” rating. In Tuesday, March 13 report Guggenheim maintained the stock with “Buy” rating. On Friday, February 2 the rating was maintained by Mizuho with “Buy”. On Friday, March 16 the stock has “Outperform” rating by Robert W. Baird. On Monday, March 5 the stock has “Buy” rating by Craig Hallum. On Friday, January 26 the stock has “Buy” rating by Maxim Group. On Friday, April 27 the company was maintained by Stifel Nicolaus. In Thursday, January 4 report BMO Capital Markets downgraded it to “Hold” rating and $85.0 target. On Tuesday, March 6 the company was initiated by UBS. In Friday, January 26 report BMO Capital Markets maintained the stock with “Hold” rating.

Another two news for Western Digital Corporation (NASDAQ:WDC) were recently released by: Forbes.com on June 12, 2018 with title “What Are Western Digital’s Key Sources Of Revenue?”. The other Finance.Yahoo.com‘s article was titled “Should Income Investors Buy Western Digital Corporation (NASDAQ:WDC) Before Its Ex-Dividend?” and released on June 25, 2018.

Western Digital Corporation (NASDAQ:WDC) Institutional Investors Chart

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