Central Asset Investments & Management Holdings Hk LTD Has Cut Its Western Digital Corp (WDC) Holding by $7.23 Million as Shares Rose

January 21, 2018 - By Marry Poplack

Investors sentiment is 1.12 in 2017 Q3. Its the same as in 2017Q2. It is the same, as 65 investors sold WDC shares while 212 reduced holdings. only 69 funds opened positions while 240 raised stakes. 240.32 million shares or 2.88% more from 233.59 million shares in 2017Q2 were reported. Moreover, Congress Asset Co Ma has 0.1% invested in Western Digital Corporation (NASDAQ:WDC) for 71,867 shares. Wealthtrust holds 0.04% or 800 shares. 459,119 were reported by Gotham Asset Management Limited Com. Gemmer Asset Limited Liability Corporation holds 599 shares or 0.02% of its portfolio. New York State Teachers Retirement Systems has 472,461 shares. Moreover, Texas Permanent School Fund has 0.09% invested in Western Digital Corporation (NASDAQ:WDC). Nexus Inv Mgmt Inc holds 259,600 shares or 3.51% of its portfolio. Cornerstone Invest Ptnrs Ltd Limited Liability Company invested 2.95% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Reinhart Prtn has invested 0.04% in Western Digital Corporation (NASDAQ:WDC). Synovus Fin Corp reported 8,082 shares stake. Moody National Bank & Trust Tru Division owns 7,440 shares. Stifel Fincl invested in 0.11% or 374,246 shares. 25,218 are owned by First Midwest Financial Bank Tru Division. Point72 Asia (Hong Kong) Limited holds 0.13% in Western Digital Corporation (NASDAQ:WDC) or 2,151 shares. Moreover, Huntington Retail Bank has 0% invested in Western Digital Corporation (NASDAQ:WDC).

Since August 3, 2017, it had 0 buys, and 10 insider sales for $6.56 million activity. $1.21 million worth of Western Digital Corporation (NASDAQ:WDC) was sold by DeMaria Jacqueline. The insider LONG MARK P sold 19,777 shares worth $1.67M. 3,098 shares were sold by Sivaram Srinivasan, worth $263,330 on Wednesday, August 16. $1.66M worth of Western Digital Corporation (NASDAQ:WDC) was sold by BHATIA MANISH H.

Central Asset Investments & Management Holdings Hk Ltd decreased its stake in Western Digital Corp (WDC) by 37.22% based on its latest 2017Q3 regulatory filing with the SEC. Central Asset Investments & Management Holdings Hk Ltd sold 84,100 shares as the company’s stock rose 15.69% with the market. 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. Central Asset Investments & Management Holdings Hk Ltd who had been investing in Western Digital Corp for a number of months, seems to be less bullish one the $25.32 billion market cap company. The stock decreased 0.93% or $0.8 during the last trading session, reaching $85.6. About 3.94M shares traded. Western Digital Corporation (NASDAQ:WDC) has risen 125.85% since January 21, 2017 and is uptrending. It has outperformed by 109.15% the S&P500.

Analysts await Western Digital Corporation (NASDAQ:WDC) to report earnings on January, 24. They expect $3.44 earnings per share, up 73.74 % or $1.46 from last year’s $1.98 per share. WDC’s profit will be $1.02B for 6.22 P/E if the $3.44 EPS becomes a reality. After $3.28 actual earnings per share reported by Western Digital Corporation for the previous quarter, Wall Street now forecasts 4.88 % EPS growth.

More notable recent Western Digital Corporation (NASDAQ:WDC) news were published by: Zacks.com which released: “The Zacks Analyst Blog Highlights: Broadcom, ESCO International, Stratasys and …” on December 26, 2017, also Nasdaq.com with their article: “Here’s Why You Should Add Western Digital to Your Portfolio.” published on January 02, 2018, Prnewswire.com published: “Quotidian Technical Highlights on Selected Data Storage Devices Stocks …” on January 11, 2018. More interesting news about Western Digital Corporation (NASDAQ:WDC) were released by: Benzinga.com and their article: “Barron’s Picks And Pans: Apple, PG&E, Western Digital And More” published on December 24, 2017 as well as Streetinsider.com‘s news article titled: “Macquarie Starts Western Digital Corp. (WDC) at Neutral” with publication date: January 19, 2018.

Western Digital Corporation (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 had 149 analyst reports since July 23, 2015 according to SRatingsIntel. Maxim Group maintained the shares of WDC in report on Monday, October 19 with “Buy” rating. Barclays Capital initiated the stock with “Equalweight” rating in Wednesday, October 14 report. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, July 30 report. The company was initiated on Friday, December 11 by Mizuho. The rating was maintained by RBC Capital Markets on Friday, August 4 with “Buy”. The firm has “Buy” rating by Maxim Group given on Thursday, January 26. Maxim Group maintained the stock with “Buy” rating in Thursday, July 30 report. The firm earned “Outperform” rating on Tuesday, May 24 by Cowen & Co. RBC Capital Markets maintained the shares of WDC in report on Monday, January 18 with “Outperform” rating. The firm earned “Outperform” rating on Thursday, August 27 by Wells Fargo.

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