Clark Estates Incny buys $2,561,416 stake in Western Digital Corp (WDC)

Western Digital Corp (WDC) : Clark Estates Incny scooped up 28,000 additional shares in Western Digital Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 57,200 shares of Western Digital Corp which is valued at $2,561,416.Western Digital Corp makes up approximately 0.48% of Clark Estates Incny’s portfolio.

Other Hedge Funds, Including , Shelton Capital Management reduced its stake in WDC by selling 2,629 shares or 14.55% in the most recent quarter. The Hedge Fund company now holds 15,440 shares of WDC which is valued at $691,403. Western Digital Corp makes up approx 0.06% of Shelton Capital Management’s portfolio. Trillium Asset Management sold out all of its stake in WDC during the most recent quarter. The investment firm sold 4,021 shares of WDC which is valued $191,038.Lingohr Partner Asset Management Gmbh boosted its stake in WDC in the latest quarter, The investment management firm added 7,299 additional shares and now holds a total of 28,692 shares of Western Digital Corp which is valued at $1,503,461. Western Digital Corp makes up approx 1.45% of Lingohr Partner Asset Management Gmbh’s portfolio.Carroll Financial Associates boosted its stake in WDC in the latest quarter, The investment management firm added 44 additional shares and now holds a total of 124 shares of Western Digital Corp which is valued at $6,432.

Western Digital Corp closed down -0.48 points or -1.07% at $44.3 with 41,99,287 shares getting traded on Thursday. Post opening the session at $44.62, the shares hit an intraday low of $44.3 and an intraday high of $44.92 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Western Digital Corp reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.71. The company had revenue of $3495.00 million for the quarter, compared to analysts expectations of $3446.23 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 EPS.

Many Wall Street Analysts have commented on Western Digital Corp. Shares were Downgraded by Goldman on Aug 3, 2016 to ” Sell” and Lowered the Price Target to $ 38 from a previous price target of $47 .Company shares were Upgraded by Robert W. Baird on Jul 29, 2016 to ” Outperform”, Firm has raised the Price Target to $ 65 from a previous price target of $50 .Company shares were Reiterated by Cowen on Jul 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 55 from a previous price target of $50 .

Western Digital Corporation is a data storage solutions company. The Company is a developer manufacturer and provider of data storage solutions that enable consumers businesses governments and other organizations to create manage experience and preserve digital content. The Company’s Technology product includes: Hard Disk Drives and Solid-State Drives. Hard Disk Drives provide non-volatile data storage. Solid-State Drives are semiconductor and non-volatile media. The Company offers solutions including: Enterprise Storage Solutions Client Desktop and Notebook PCs Branded Product Solutions Consumer Electronics Solutions. The Company’s products are marketed under the HGST WD and G-Technology brand names.

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