Tuesday, 23 January, 2018

Short Interest in Western Digital Corporation (WDC) Grows By 17.5%

Nellie Chapman | 14 January, 2018, 17:33

Mutual of America Capital Management LLC now owns 44,359 shares of the data storage provider's stock worth $3,930,000 after purchasing an additional 377 shares in the last quarter.

Bahl & Gaynor Inc, which manages about $7.63 billion and $9.13 billion US Long portfolio, decreased its stake in Automatic Data Processing Inc. The stock increased 0.43% or $0.21 during the last trading session, reaching $48.86. About 3.82 million shares traded. The Boeing Company (NYSE:BA) has risen 41.13% since January 12, 2017 and is uptrending. The rating was maintained by Credit Suisse with "Outperform" on Thursday, August 24. Synovus Financial Corp acquired 7,582 shares as Western Digital Corp (WDC)'s stock rose 15.69%. Cubist Systematic Strategies Limited Liability Company owns 42,316 shares. Western Digital earned a daily sentiment score of 0.10 on Accern's scale. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. Currently Analysts have a mean recommendation of 2.30 on the shares. It has outperformed by 109.15% the S&P500. Citigroup maintained the shares of TXN in report on Monday, September 25 with "Buy" rating. Also, Director Kathleen A. Cote sold 2,000 shares of the stock in a transaction on Wednesday, November 1st. The insider BHATIA MANISH H sold 2,762 shares worth $234,190. Therefore 69% are positive. The firm has "Neutral" rating given on Monday, October 31 by Piper Jaffray.

Western Digital (NASDAQ:WDC) last issued its quarterly earnings results on Thursday, October 26th. On Thursday, October 26 the stock rating was maintained by KeyBanc Capital Markets with "Hold". The stock of Western Digital Corporation (NASDAQ:WDC) has "Buy" rating given on Tuesday, June 13 by Guggenheim. Barclays Capital maintained the shares of WDC in report on Friday, October 27 with "Overweight" rating. The company was upgraded on Thursday, July 30 by CLSA. Benchmark maintained it with "Buy" rating and $90 target in Thursday, July 30 report. On Tuesday, June 27 the stock rating was maintained by Stifel Nicolaus with "Buy". BMO Capital Markets initiated the shares of WDC in report on Friday, December 11 with "Market Perform" rating. The institutional investor held 141,840 shares of the electronic components company at the end of 2017Q3, valued at $12.26M, down from 225,940 at the end of the previous reported quarter. It also increased its holding in Berkshire Hathaway Inc Del (BRKB) by 82,572 shares in the quarter, for a total of 242,691 shares, and has risen its stake in Booz Allen Hamilton Hldg Cor (NYSE:BAH). Ishares (EEM) was reduced too. Its the same as in 2017Q2. It is without change, as 65 investors sold WDC shares while 212 reduced holdings. only 69 funds opened positions while 240 raised stakes. The Amica Pension Fund Board Of Trustees holds 10,012 shares with $865,000 value, down from 14,309 last quarter. However, if the AMC shares go below $13.22 then it would indicate a much weaker market for the company. Using a broader approach, shares have been trading -4.11% off of the 200-day moving average.

COPYRIGHT VIOLATION NOTICE: "Western Digital (NASDAQ:WDC) Getting Somewhat Positive Press Coverage, Accern Reports" was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. 21,609 are held by Bb&T Securities Ltd Liability. Loomis Sayles And Co Ltd Partnership has invested 0% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Westpac Corp invested in 0.11% or 58,050 shares.

Return-on-asset (ROA) for WDC is 4.90%, indicating its profitability situation relative to its assets. Architects reported 1,337 shares or 0.21% of all its holdings. The Synovus Financial Corp holds 8,082 shares with $699,000 value, up from 500 last quarter. Atria Invests Llc owns 0.04% invested in Western Digital Corporation (NASDAQ:WDC) for 8,610 shares. Lombard Odier Asset Management (Europe) Ltd has invested 0.02% in Western Digital Corporation (NASDAQ:WDC). Mason Street Advisors Ltd holds 40,934 shares or 0.09% of its portfolio. Zwj Counsel accumulated 12,156 shares or 0.08% of the stock.

Maplelane Capital Llc decreased Priceline Grp Inc (PCLN) stake by 73.07% reported in 2017Q3 SEC filing. There has been an observed change of -6.21% in the ownership of the shares in the past six months. Brady Amy G. sold $331,560 worth of KeyCorp (NYSE:KEY) on Monday, August 7. The insider Verbeck Robert E sold 2,522 shares worth $616,499. Shares for $302,975 were sold by CORDANO MICHAEL D.

Investors sentiment decreased to 1.1 in Q3 2017. WDC's debt-to-equity ratio is 1.09 versus a D/E of 0.00 for PSTG.

Several other institutional investors have also sold shares of the company. Skandinaviska Enskilda Banken AB publ raised its position in Western Digital Corp.by 10.2% in the third quarter. Petrus Trust Company Lta reported 845 shares. Jpmorgan Chase owns 39.50M shares. On a percent-of-sales basis, WDC's free cash flow was 4.18% while PSTG converted 0% of its revenues into cash flow. Finally, Virginia Retirement Systems ET AL lifted its stake in shares of Western Digital by 29.8% during the second quarter. Waldron Lp invested 0.12% of its portfolio in The Boeing Company (NYSE:BA). Following the completion of the sale, the insider now owns 70,560 shares of the company's stock, valued at approximately $5,997,600. Dimensional Fund Advsr Limited Partnership invested 0.06% in KeyCorp (NYSE:KEY). Company insiders own 0.31% of the company's stock. Moreover, Novare Capital Management has 1.05% invested in KeyCorp (NYSE:KEY). Horan Cap Limited Liability accumulated 140 shares or 0.01% of the stock. In that case, its shares would mark a 5.23% decline from the most recent price. Nbt Comml Bank N A NY reported 0.04% in KeyCorp (NYSE:KEY). Gam Ag holds 0.37% in Western Digital Corporation (NASDAQ:WDC) or 101,430 shares. Therefore 50% are positive. Boeing had 88 analyst reports since August 26, 2015 according to SRatingsIntel.