Ims Capital Management buys $961,516 stake in Western Digital Corp (WDC)

Western Digital Corp (WDC) : Ims Capital Management scooped up 4,295 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 2, 2016. The investment management firm now holds a total of 21,472 shares of Western Digital Corp which is valued at $961,516.Western Digital Corp makes up approximately 1.09% of Ims Capital Management’s portfolio.

Other Hedge Funds, Including , World Asset Management Inc boosted its stake in WDC in the latest quarter, The investment management firm added 802 additional shares and now holds a total of 28,995 shares of Western Digital Corp which is valued at $1,298,396. Western Digital Corp makes up approx 0.05% of World Asset Management Inc’s portfolio. Alken Asset Management Ltd. sold out all of its stake in WDC during the most recent quarter. The investment firm sold 1,726,608 shares of WDC which is valued $82,031,146.Profit Investment Management reduced its stake in WDC by selling 79,140 shares or 88.53% in the most recent quarter. The Hedge Fund company now holds 10,255 shares of WDC which is valued at $537,362. Western Digital Corp makes up approx 0.41% of Profit Investment Management’s portfolio.Shinko Asset Management Ltd. reduced its stake in WDC by selling 107 shares or 12.97% in the most recent quarter. The Hedge Fund company now holds 718 shares of WDC which is valued at $37,623. Davis R M Inc sold out all of its stake in WDC during the most recent quarter. The investment firm sold 3,126 shares of WDC which is valued $162,927.

Western Digital Corp closed down -0.07 points or -0.15% at $45.35 with 42,22,787 shares getting traded on Monday. Post opening the session at $45.98, the shares hit an intraday low of $45.305 and an intraday high of $46.33 and the price fluctuated in this range throughout the day.Shares ended Monday 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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