Western Digital Corp (WDC) : Dynamic Advisors Solutions scooped up 34,894 additional shares in Western Digital Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 71,925 shares of Western Digital Corp which is valued at $4,262,276.Western Digital Corp makes up approximately 1.63% of Dynamic Advisors Solutions’s portfolio.
Other Hedge Funds, Including , Perkins Coie Trust Co sold out all of its stake in WDC during the most recent quarter. The investment firm sold 40 shares of WDC which is valued $2,370.First Mercantile Trust Co boosted its stake in WDC in the latest quarter, The investment management firm added 325 additional shares and now holds a total of 8,300 shares of Western Digital Corp which is valued at $486,961. Western Digital Corp makes up approx 0.07% of First Mercantile Trust Co’s portfolio.Simplex Trading reduced its stake in WDC by selling 70,977 shares or 80.98% in the most recent quarter. The Hedge Fund company now holds 16,674 shares of WDC which is valued at $978,264. Western Digital Corp makes up approx 0.13% of Simplex Trading’s portfolio.Telemus Capital reduced its stake in WDC by selling 13,841 shares or 51.52% in the most recent quarter. The Hedge Fund company now holds 13,025 shares of WDC which is valued at $771,601. Western Digital Corp makes up approx 0.09% of Telemus Capital’s portfolio. Eqis Capital Management added WDC to its portfolio by purchasing 5,740 company shares during the most recent quarter which is valued at $340,038. Western Digital Corp makes up approx 0.02% of Eqis Capital Management’s portfolio.
Western Digital Corp closed down -2.64 points or -4.45% at $56.62 with 63,87,849 shares getting traded on Tuesday. Post opening the session at $59.26, the shares hit an intraday low of $56.05 and an intraday high of $59.35 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. Company shares were Reiterated by RBC Capital Mkts on Oct 3, 2016 to “Outperform”, Firm has raised the Price Target to $ 65 from a previous price target of $60 .Western Digital Corp was Upgraded by Longbow to ” Buy” on Sep 13, 2016. Company shares were Reiterated by Mizuho on Sep 8, 2016 to “Buy”, Firm has raised the Price Target to $ 60 from a previous price target of $54 .
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 Companys 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 Companys products are marketed under the HGST WD and G-Technology brand names.