5.92 % to Target, UBS Reaffirms ‘Neutral’ Rating on Western Digital (NASDAQ:WDC) Shares Today

October 13, 2017 - By Clifton Ray

 5.92 % to Target, UBS Reaffirms ‘Neutral’ Rating on Western Digital (NASDAQ:WDC) Shares Today

Investors sentiment increased to 1.12 in 2017 Q2. Its up 0.11, from 1.01 in 2017Q1. It improved, as 41 investors sold Western Digital Corp shares while 243 reduced holdings. 101 funds opened positions while 216 raised stakes. 233.59 million shares or 1.07% more from 231.11 million shares in 2017Q1 were reported.

Barometer Cap Mngmt accumulated 0.44% or 49,400 shares. South Dakota Inv Council stated it has 0.61% in Western Digital Corp (NASDAQ:WDC). Qci Asset reported 0% in Western Digital Corp (NASDAQ:WDC). New Jersey-based New Jersey Better Educational Savings has invested 0.62% in Western Digital Corp (NASDAQ:WDC). Cap One Natl Association invested in 6,971 shares or 0.05% of the stock. Provise Management Group Ltd Co owns 24,381 shares or 0.33% of their US portfolio. Hanseatic Mgmt Svcs reported 24,060 shares. Parametric Port Associate Limited invested in 0.1% or 871,307 shares. Alpha Cubed Investments Limited Liability Corp invested 3.8% of its portfolio in Western Digital Corp (NASDAQ:WDC). Next Fin Group Inc has invested 0% in Western Digital Corp (NASDAQ:WDC). 116,381 are owned by Prudential Plc. Jacobs Levy Equity Management Inc invested in 145,505 shares or 0.28% of the stock. Reinhart Prtnrs holds 0.05% in Western Digital Corp (NASDAQ:WDC) or 5,335 shares. Tiaa Cref Inv Mngmt Ltd owns 1.57M shares for 0.1% of their portfolio. Dynamic Solutions Ltd Liability Corp invested in 0.1% or 2,835 shares.

Since April 28, 2017, it had 0 insider purchases, and 13 insider sales for $16.65 million activity. $3.58 million worth of Western Digital Corp (NASDAQ:WDC) was sold by Sivaram Srinivasan. DeMaria Jacqueline had sold 21,410 shares worth $1.86M. On Thursday, May 18 the insider BHATIA MANISH H sold $612,625. $1.03M worth of Western Digital Corp (NASDAQ:WDC) was sold by LONG MARK P on Wednesday, May 3. CORDANO MICHAEL D sold $447,996 worth of stock.

Western Digital (NASDAQ:WDC) Rating Reaffirmed

The financial company has just set a TP of $93 on Western Digital (NASDAQ:WDC) shares. This is 5.92 % from the current price. In analysts report issued to investors and clients on Thursday, 12 October, UBS reiterated their Neutral rating on shares of WDC.

Investors sentiment increased to 1.12 in 2017 Q2. Its up 0.11, from 1.01 in 2017Q1. It improved, as 41 investors sold Western Digital Corp shares while 243 reduced holdings. 101 funds opened positions while 216 raised stakes. 233.59 million shares or 1.07% more from 231.11 million shares in 2017Q1 were reported.

Barometer Cap Mngmt accumulated 0.44% or 49,400 shares. South Dakota Inv Council stated it has 0.61% in Western Digital Corp (NASDAQ:WDC). Qci Asset reported 0% in Western Digital Corp (NASDAQ:WDC). New Jersey-based New Jersey Better Educational Savings has invested 0.62% in Western Digital Corp (NASDAQ:WDC). Cap One Natl Association invested in 6,971 shares or 0.05% of the stock. Provise Management Group Ltd Co owns 24,381 shares or 0.33% of their US portfolio. Hanseatic Mgmt Svcs reported 24,060 shares. Parametric Port Associate Limited invested in 0.1% or 871,307 shares. Alpha Cubed Investments Limited Liability Corp invested 3.8% of its portfolio in Western Digital Corp (NASDAQ:WDC). Next Fin Group Inc has invested 0% in Western Digital Corp (NASDAQ:WDC). 116,381 are owned by Prudential Plc. Jacobs Levy Equity Management Inc invested in 145,505 shares or 0.28% of the stock. Reinhart Prtnrs holds 0.05% in Western Digital Corp (NASDAQ:WDC) or 5,335 shares. Tiaa Cref Inv Mngmt Ltd owns 1.57M shares for 0.1% of their portfolio. Dynamic Solutions Ltd Liability Corp invested in 0.1% or 2,835 shares.

Since April 28, 2017, it had 0 insider purchases, and 13 insider sales for $16.65 million activity. $3.58 million worth of Western Digital Corp (NASDAQ:WDC) was sold by Sivaram Srinivasan. DeMaria Jacqueline had sold 21,410 shares worth $1.86M. On Thursday, May 18 the insider BHATIA MANISH H sold $612,625. $1.03M worth of Western Digital Corp (NASDAQ:WDC) was sold by LONG MARK P on Wednesday, May 3. CORDANO MICHAEL D sold $447,996 worth of stock.

Western Digital Corp (NASDAQ:WDC) Ratings Coverage

Among 35 analysts covering Western Digital (NASDAQ:WDC), 24 have Buy rating, 1 Sell and 10 Hold. Therefore 69% are positive. Western Digital has $140 highest and $39 lowest target. $104.23’s average target is 18.71% above currents $87.8 stock price. Western Digital had 132 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Wednesday, August 17. Jefferies maintained the shares of WDC in report on Thursday, August 17 with “Hold” rating. The stock of Western Digital Corp (NASDAQ:WDC) earned “Hold” rating by Jefferies on Thursday, September 28. The stock of Western Digital Corp (NASDAQ:WDC) earned “Buy” rating by Maxim Group on Thursday, October 27. On Wednesday, June 15 the stock rating was reinitiated by JP Morgan with “Neutral”. As per Tuesday, June 27, the company rating was maintained by Stifel Nicolaus. Needham maintained Western Digital Corp (NASDAQ:WDC) rating on Tuesday, October 20. Needham has “Strong Buy” rating and $106 target. The firm earned “Outperform” rating on Wednesday, March 1 by Cowen & Co. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, October 21. Stifel Nicolaus maintained the shares of WDC in report on Wednesday, July 5 with “Buy” rating.

The stock increased 2.38% or $2.04 during the last trading session, reaching $87.8. About 5.28 million shares traded or 23.65% up from the average. Western Digital Corp (NASDAQ:WDC) has risen 125.85% since October 13, 2016 and is uptrending. It has outperformed by 109.15% the S&P500.

Analysts expect Western Digital Corp (NASDAQ:WDC) to report $3.00 EPS on October, 25.They anticipate $1.82 EPS change or 154.24 % from last quarter’s $1.18 EPS. WDC’s profit would be $885.65M giving it 7.32 P/E if the $3.00 EPS is correct. After having $2.63 EPS previously, Western Digital Corp’s analysts see 14.07 % EPS growth.

Western Digital Corporation is a developer, maker and well-known provider of data storage devices and solutions that address the needs of the information technology (IT) industry and the infrastructure that enables the proliferation of data in virtually every industry. The company has market cap of $25.92 billion. The Company’s portfolio of offerings addresses three categories: Datacenter Devices and Solutions (capacity and performance enterprise hard disk drives (HDDs), enterprise solid state drives (SSDs), datacenter software and system solutions); Client Devices (mobile, desktop, gaming and digital video hard drives, client SSDs, embedded products and wafers), and Client Solutions (removable products, hard drive content solutions and flash content solutions). It has a 68.54 P/E ratio.

More notable recent Western Digital Corp (NASDAQ:WDC) news were published by: Businesswire.com which released: “Western Digital Unveils Next-Generation Technology to Preserve and Access the …” on October 11, 2017, also Streetinsider.com with their article: “UPDATE: Deutsche Bank Downgrades Western Digital Corp. (WDC) to Hold” published on October 05, 2017, Streetinsider.com published: “Baird Downgrades Western Digital Corp. (WDC) to Neutral” on October 02, 2017. More interesting news about Western Digital Corp (NASDAQ:WDC) were released by: Benzinga.com and their article: “What Uncertainty Around Toshiba’s Future Means For Western Digital” published on October 05, 2017 as well as Bizjournals.com‘s news article titled: “Toshiba courts Western Digital for joint investment in new chip line” with publication date: October 13, 2017.

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