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
'Raging Bull' former middleweight champ Jake LaMotta dies, 95
Boxing legend Jake LaMotta passed away in a Florida nursing home after suffering from pneumonia complications. After retiring from boxing, he worked as a bar and nightclub owner and also later in the film industry.

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
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
Stock On the Run: First Potomac Realty Trust (FPO)
First Potomac Realty Trust (FPO ) belonging to the Real Estate sector has surged 0% and closed its last trading session at $11.12. Neuberger Berman Group LLC acquired a new stake in Healthcare Realty Trust in the first quarter worth about $202,000.

21 September 2017
Darden Restaurants Sees Unusually High Options Volume (DRI)
ValuEngine raised shares of Darden Restaurants from a "hold" rating to a "buy" rating in a report on Friday, September 1st. It also upped Johnson & Johnson Com Us$1.00 (NYSE:JNJ) stake by 9,165 shares and now owns 37,826 shares. (NYSE:PKE).

21 September 2017
Global stocks flat as investors await Fed meeting outcome
Despite many encouraging signs in the economy, Yellen is opting to go slowly to reduce the central bank's $4.5 trillion holdings. Most participants lowered their outlook for growth from the storms this year but raised it for next year by a greater amount.

21 September 2017
Workers at Canadian mining company protest in Athens
Differences between Greece and the Canadian miner have dragged on for years, mainly over compliance with environmental regulations.

21 September 2017
Investors Buy AvalonBay Communities, Inc. (AVB) on Weakness
The Company's divisions include Established Communities, Other Stabilized Communities and Development/Redevelopment Communities. The stock of AvalonBay Communities Inc (NYSE:AVB) has " rating given on Friday, July 15 by KeyBanc Capital Markets.

21 September 2017
Dupont EI De Nemours & Co (NYSE:DD) Shifting Institutional Investors Sentiment
The Employees Retirement System Of Texas holds 48,000 shares with $1.14 million value, down from 63,000 last quarter. The Peapack Gladstone Financial Corp holds 204,545 shares with $15.01 million value, down from 216,097 last quarter.