Pro-Western Digital Corp Big Money Sentiment Runs Low in 2018 Q1, Currently at 0.98

June 27, 2018 - By Heather Owens

Western Digital Corporation (NASDAQ:WDC) Corporate Logo

“Big money” Positions

“Big money sentiment for Western Digital Corp (NASDAQ:WDC) in 2018 Q1 decreased to 0.98, SEC.gov filings reveal. That’s down -0.09, from 2017Q4’s 1.07. 294 investment professionals increased and opened new stock positions, while 299 sold and reduced their equity positions in Western Digital Corp so the sentiment worsened. Funds own 242.29 million shares, 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.

Biggest Western Digital Corp Investors

Villere St Denis J & Co Llc owns 1.02 million shares in Western Digital Corp as of 2018 Q1. As of 2018 Q1, 5.99 million shares of Western Digital Corp are owned by Iridian Asset Management Llc Ct. In addition, Intrepid Capital Management Inc reported 134,223 shares in Western Digital Corp equivalent to 4.21% of its stocks portfolio. 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, owning 157,906 shares.

Western Digital Corporation, together with its subsidiaries, develops, makes, and sells data storage devices and solutions worldwide.The firm is worth $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.

Ticker’s shares touched $78.46 during the last trading session after 0.07% change.Currently Western Digital Corporation is downtrending after 3.27% change in last June 27, 2017. WDC has also 1.47 million shares volume. WDC underperformed the S&P 500 by 15.84%.

On July, 26 Western Digital Corporation (NASDAQ:WDC)’s earnings release is expected by WallStreet, according to Faxor. Analysts have expectation on stock’s EPS of $3.20. That’s up 21.67 % from last year’s $2.63 EPS. If EPS of $3.20 is revealed the profit of WDC could be $957.51M giving it 6.13 P/E. Wall Street now forecasts -4.76 % negative EPS growth despite Western Digital Corporation previous quarter’s EPS of $3.36.

8,232 were reported by Convergence Inv Prtnrs Ltd Liability Com. Spectrum Mngmt Group Inc Inc reported 23,080 shs. First Republic Management has invested 0.13% in Western Digital Corporation (NASDAQ:WDC). Employees Retirement Systems Of Ohio stated it has 0.07% of its capital in Western Digital Corporation (NASDAQ:WDC). Hays Advisory Limited Liability Corporation reported 0% stake. Benjamin F Edwards And Commerce Incorporated holds 0% in Western Digital Corporation (NASDAQ:WDC) or 411 shs. Cetera Advisors Ltd holds 2,387 shs. Daiwa Secs Group has invested 0.01% in Western Digital Corporation (NASDAQ:WDC). Ing Groep Nv holds 0.14% in Western Digital Corporation (NASDAQ:WDC) or 85,515 shs. Moreover, Shufro Rose & Communication Limited Co has 0.07% invested in Western Digital Corporation (NASDAQ:WDC). Amundi Pioneer Asset Management reported 0.05% of its capital in Western Digital Corporation (NASDAQ:WDC). 366,449 are held by Sei Invs Co. Axa has invested 0.01% of its capital in Western Digital Corporation (NASDAQ:WDC). Barclays Public Limited Com, a United Kingdom-based fund reported 630,899 shs. Trexquant Invest Ltd Partnership owns 19,712 shs.

Western Digital Corporation registered $33.27 million net activity with 0 insider purchases and 19 sales since January 29, 2018. Another trade for 525 shs valued at $43,276 was made by RAY MICHAEL CHARLES on Monday, June 11. On Monday, February 5 MILLIGAN STEPHEN D had sold 16,511 shs worth $1.39 million. LONG MARK P sold $376,037 worth of Western Digital Corporation (NASDAQ:WDC) on Monday, February 5. DENERO HENRY T had sold 6,492 shs worth $556,051. Another trade for 3,288 shs valued at $288,193 was made by Price Paula A on Tuesday, May 22. LAMBERT MICHAEL D had sold 11,542 shs worth $991,202.

Western Digital Corporation (NASDAQ:WDC) Ratings Coverage

In total 18 analysts cover Western Digital (NASDAQ:WDC). “Buy” rating has 14, “Sell” are 0, while 4 are “Hold”. 78% are bullish. 27 are the (NASDAQ:WDC)’s analyst reports since January 4, 2018 according to StockzIntelligence Inc. On Monday, May 14 the firm has “Buy” rating given by J.P. Morgan. In Friday, April 27 report Barclays Capital maintained it with “Overweight” rating and $118 target. On Friday, April 27 Benchmark maintained Western Digital Corporation (NASDAQ:WDC) rating. Benchmark has “Buy” rating and $13000 target. On Friday, February 23 the firm has “Buy” rating given by Stifel Nicolaus. On Friday, April 27 Maxim Group maintained Western Digital Corporation (NASDAQ:WDC) with “Buy” rating. In Friday, April 27 report Mizuho maintained the stock with “Buy” rating. The stock rating was downgraded by BMO Capital Markets to “Hold” on Thursday, January 4. On Tuesday, January 23 the firm has “Buy” rating by Cowen & Co given. On Friday, March 16 Robert W. Baird upgraded Western Digital Corporation (NASDAQ:WDC) to “Outperform” rating. On Sunday, April 1 RBC Capital Markets maintained the shares of WDC in report with “Buy” rating.

Another two news for Western Digital Corporation (NASDAQ:WDC) were recently announced 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 announced on June 25, 2018.

Western Digital Corporation (NASDAQ:WDC) Institutional Investors Chart

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