Western Digital Corporation (NASDAQ:WDC) Short Interest Update

American International Group Inc. now owns 10,109,982 shares of the data storage provider's stock worth $591,131,000 after buying an additional 489,981 shares in the last quarter.

Following previous thoughts, shifting focus on performance of the Western Digital Corporation (NASDAQ:WDC) that has shown a discernible change in trend levels over the path of recent market activity. Insiders have sold a total of 147,023 shares of company stock valued at $12,282,488 in the last ninety days. Princeton Portfolio Strategies Grp Incorporated Limited Liability Corporation owns 5,957 shares or 0.13% of their United States portfolio. The institutional investor owned 3,167,416 shares of the data storage provider's stock after selling 4,299 shares during the period. It is positive, as 49 investors sold Western Digital Corp shares while 223 reduced holdings.

Morgan Stanley (NYSE:MS) ended its day at $47.67 with the rising stream of 0.74% and its total traded volume was 7.92 million shares less than the average volume. Arizona State Retirement System raised its stake in shares of Western Digital Corporation by 1.0% in the first quarter. Cleararc Capital Inc. now owns 7,045 shares of the data storage provider's stock worth $581,000 after acquiring an additional 92 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Western Digital Corp by 19.2% in the fourth quarter. First Mercantile reported 0.07% of its portfolio in Western Digital Corp (NASDAQ:WDC).

The most current P/E ratio is 64.46 and market capitalization is 25.47B. For this WDC's 20 days and 50 days MA (moving average) comparison clear the blur picture. Company shares have been seen trading -8.93% off of the 52 week high and 39.66% away from the 52 week low. Western Digital Corp (NASDAQ:WDC) has risen 125.85% since September 20, 2016 and is uptrending. Many traders will use a combination of moving averages with different time frames to help review stock trend direction. This represents an increase of 292% compared to the average volume of 1,613 call options. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.82 billion. Western Digital Corp had a negative net margin of 2.56% and a positive return on equity of 13.38%. Western Digital Corporation's quarterly revenue was up 38.5% on a year-over-year basis.

Currently, EPS of Western Digital Corporation (WDC) is 2.93 while the analysts predicted the EPS of the stock to be 2.81 suggesting the company fell short of the analysts' expectations. The ex-dividend date will be Wednesday June 28th, 2017. This dividend represents a yield of $2.26. Western Digital Corp's dividend payout ratio is presently -133.33%.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of US & global copyright and trademark law.

Several other equities research analysts also recently issued reports on the company. Finally, Norges Bank purchased a new position in shares of Western Digital Corp during the fourth quarter worth $168,304,000. Western Digital had 126 analyst reports since July 23, 2015 according to SRatingsIntel. Jefferies has "Buy" rating and $57 target. The mean target price as estimated by the analysts for the company has been recorded at $116.12. Royal Bank Of Canada reiterated a "buy" recommendation on stocks of Western Digital Corporation in a note on Mon, Jun 12th. Western Digital Corp (WDC)'s Williams %R presently stands at -61.15. Eight investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. The company now has an average rating of Buy and a consensus price target of $96.93. CORDANO MICHAEL D had sold 27,137 shares worth $2.31M on Friday, April 7. Ancora Limited Liability Company accumulated 13,588 shares or 0.03% of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark P. Long sold 1,446 shares of the firm's stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $88.71, for a total transaction of $834,228.84. Glg Ltd Limited Liability Company stated it has 65,499 shares or 0.31% of all its holdings. The disclosure for this sale can be found here. Meiji Yasuda Asset Management Company Ltd sold 11,955 shares as Fifth Third Bancorp (FITB)'s stock declined 12.20%.

Western Digital Corporation (Western Digital) is a developer, manufacturer and 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.

Like this


21 September 2017
Zurich Insurance taps Savio to replace Foley as N.America head
He will be succeeded as CEO by Kathleen Savio (U.S. citizen, 1965), now President of North America's Alternative Markets unit. Zurich said Foley will use his background in the rapidly evolving insurtech market, Zurich said.

21 September 2017
Unusual Activity Sighted in Limelight Networks, Inc. (NASDAQ:LLNW) Shares
BidaskClub upgraded shares of Limelight Networks from a "hold" rating to a "buy" rating in a research report on Monday, July 24th. More interesting news about Limelight Networks, Inc . (NASDAQ: LLNW ) has "Hold" rating given on Friday, August 7 by Zacks.

21 September 2017
(TDS), Live Nation Entertainment, Inc. (LYV)
In other news, Director Ariel Emanuel sold 10,000 shares of the firm's stock in a transaction dated Thursday, September 14th. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink .

21 September 2017
Smith Asset Management Group LP Has Increased By $683184 Its Bank Of New York Mellon (BK) Stake; Brocade
If you are accessing this report on another website, it was stolen and reposted in violation of U.S. & global copyright laws. Wells Fargo & Company assumed coverage on Bank Of New York Mellon Corporation (The ) in a report on Wednesday, August 9th.

21 September 2017
Pulling Back the Layers on Dominion Diamond Corp (DDC)
Howard Capital Management holds 34,082 shares or 0.18% of its portfolio. 7,802 shares were sold by Walker Karen , worth $244,125. It improved, as 81 investors sold CSCO shares while 635 reduced holdings. 54 funds opened positions while 111 raised stakes.

21 September 2017
Creative Planning Has $238000 Position in Government Properties Income Trust (GOV)
Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. The firm had revenue of $147.80 million during the quarter, compared to analysts' expectations of $138.07 million.

21 September 2017
Ford Motor Co's (NYSE:F) Sentiment is 0.83
The active investment managers in our partner's database now have: 2.11 billion shares, down from 2.17 billion shares in 2017Q1. Finally, Royal Bank Of Canada reaffirmed a "buy" rating on shares of Ford Motor in a research report on Tuesday, August 15th.

21 September 2017
NCLAT allows waiver plea of Mistry's two firms
The petition filed by investment companies Cyrus Investments Pvt Ltd and Sterling Investment Corporation Pvt Ltd of Mr. Following the order, the Mistry firms can now move the NCLAT, Mumbai to make a case of oppression and mismanagement.

21 September 2017
Apple acknowledges LTE connection issue with new Apple Watch
Several reviewers have noted that the device will switch to unknown Wi-Fi networks instead of remaining on LTE. Previous versions of the Apple Watch needed to connect wirelessly to an iPhone for full functionality.

21 September 2017
EQT Corporation (NYSE:EQT) Earns Media Sentiment Rating of 0.11
TheStreet raised shares of EQT Corporation from a "d+" rating to a "c-" rating in a research report on Monday, August 14th. BidaskClub upgraded shares of EQT GP Holdings, from a "sell" rating to a "hold" rating in a report on Friday, June 30th.