Ameriprise Financial Inc. Sells 380116 Shares of Western Digital Corporation (NASDAQ:WDC)

Friday, 08 Dec, 2017

Herndon Capital Management Llc who had been investing in Western Digital Corp for a number of months, seems to be less bullish one the $23.24B market cap company. The stock decreased 0.33% or $0.05 during the last trading session, reaching $15.15. Calamos Advisors LLC now owns 45,377 shares of the data storage provider's stock worth $4,020,000 after acquiring an additional 1,201 shares during the period. CyberOptics Corporation (NASDAQ:CYBE) has risen 33.75% since December 7, 2016 and is uptrending. It has underperformed by 9.89% the S&P500. Therefore 61% are positive. The SI to Western Digital Corporation's float is 2.54%. The PEG ratio shows us that, when compare to the beer company, the always-popular tech company doesn't have the growth rate to justify its higher P/E, and its stock price appears overvalued. The firm has "Outperform" rating by BMO Capital Markets given on Thursday, January 5. On Wednesday, October 19 the stock rating was maintained by B. Riley & Co with "Buy". The stock has "Buy" rating by Lake Street on Tuesday, February 28.

Western Digital declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 9th that permits the company to repurchase $2.10 billion in outstanding shares. The company was maintained on Wednesday, October 14 by Pacific Crest. Barclays Capital maintained the stock with "Overweight" rating in Thursday, September 29 report. On Friday, August 4 the stock rating was maintained by Oppenheimer with "Buy". Maxim Group maintained Western Digital Corporation (NASDAQ:WDC) on Wednesday, June 21 with "Buy" rating.

Since June 12, 2017, it had 0 buys, and 1 insider sale for $962,385 activity.

Investors sentiment increased to 1.12 in 2017 Q2. The data storage provider reported $2.07 EPS for the quarter, beating the consensus estimate of $1.85 by $0.22.

A number of other large investors also recently added to or reduced their stakes in WDC. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Western Digital by 18.3% during the 2nd quarter. (ZAYO) worth $529.87 million at the end of the most recent reporting period. The stock of Western Digital Corporation (NASDAQ:WDC) has "Buy" rating given on Wednesday, August 23 by Cowen & Co. The Tennessee-based State Of Tennessee Treasury Department has invested 0.08% in Western Digital Corporation (NASDAQ:WDC). Credit Suisse Ag invested in 0.04% or 193,074 shares. Hillsdale Inv Mgmt Inc holds 0.1% or 5,560 shares. Moreover, Punch Mgmt has 0.14% invested in CyberOptics Corporation (NASDAQ:CYBE) for 74,400 shares. Veritable LP has 0.01% invested in Western Digital Corporation (NASDAQ:WDC). Federated Pa reported 893,311 shares. Dreman Value Management L L C holds 1.61% in Western Digital Corporation (NASDAQ:WDC) or 34,185 shares. Kennedy Cap reported 70,863 shares stake. Plante Moran Ltd reported 52,316 shares. Apriem Advsrs holds 1.83% or 77,985 shares. WDC's SI was 7.31 million shares in December as released by FINRA. Parus Finance Uk Ltd bought 174,900 shares as the company's stock rose 10.03% with the market.

M&T Bank Corp cut its stake in shares of Western Digital Corp (NASDAQ:WDC) by 17.8% during the first quarter, according to its most recent Form 13F filing with the SEC.

Shares of Western Digital Corporation (NASDAQ WDC) traded up $0.49 during midday trading on Thursday, hitting $78.35. Stevens Capital Lp owns 72,955 shares.

Timpani Capital Management Llc increased Evolent Health Inc stake by 27,812 shares to 188,751 valued at $4.79 million in 2017Q2. On average, analysts expect that Western Digital Corp will post $8.89 EPS for the current year. CARB's profit will be $5.31 million for 30.39 P/E if the $0.19 EPS becomes a reality. Capital Analysts LLC purchased a new position in shares of Western Digital during the second quarter worth approximately $2,777,000. More interesting news about Western Digital Corporation (NASDAQ:WDC) were released by: Businesswire.com and their article: "Western Digital to Accelerate the Future of Next-Generation Computing ..." published on November 28, 2017 as well as Businesswire.com's news article titled: "Western Digital Announces Successful $500 Million Increase in Revolver" with publication date: November 29, 2017. BidaskClub downgraded Western Digital from a "hold" rating to a "sell" rating in a research report on Saturday, August 12th. Therefore 100% are positive. UBS boosted their target price on Western Digital from $93.00 to $97.00 and gave the stock a "neutral" rating in a research report on Friday, October 27th. The rating was downgraded by Bank of America to "Neutral" on Thursday, June 2. The stock has "Buy" rating by Craig Hallum on Tuesday, October 3. Telsey Advisory Group maintained it with "Market Perform" rating and $66 target in Tuesday, December 13 report. Benchmark maintained it with "Buy" rating and $76 target in Friday, May 5 report. The stock has "Buy" rating by Dougherty & Company on Wednesday, September 7.

Investors sentiment increased to 1.12 in Q2 2017. Its down 0.04, from 0.89 in 2017Q1.

Several other institutional investors have also sold shares of the company. 27 funds opened positions while 15 raised stakes. Efg Asset Management (Americas), Florida-based fund reported 16,717 shares. J Goldman And Communications Limited Partnership owns 2,500 shares. Sprott holds 124,175 shares. Airain stated it has 0.02% in Whirlpool Corporation (NYSE:WHR). Meeder Asset Mngmt has invested 0% in CyberOptics Corporation (NASDAQ:CYBE). Century Capital Mngmt Ltd Liability Corp accumulated 37,735 shares. 203 were reported by Ironwood Limited Liability Corp. The share price has moved forward from its 20 days moving average, trading at a distance of 2.59% and stays 7.23% away from its 50 days moving average. Great West Life Assurance Can holds 299,771 shares. Foothills Asset Management Ltd stated it has 1.44% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Employees Retirement System Of Ohio stated it has 30,758 shares or 0.03% of all its holdings.

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