Sprott INC Increases Position in Western Digital Corp (WDC)

April 24, 2018 - By Kenneth Lin

Western Digital Corporation (NASDAQ:WDC) LogoInvestors sentiment decreased to 1.07 in 2017 Q4. Its down 0.05, from 1.12 in 2017Q3. It turned negative, as 68 investors sold WDC shares while 219 reduced holdings. 82 funds opened positions while 224 raised stakes. 243.21 million shares or 1.21% more from 240.32 million shares in 2017Q3 were reported. Fmr Ltd Liability, Massachusetts-based fund reported 1.34M shares. Grp Inc One Trading Ltd Partnership has 28,863 shares for 0.02% of their portfolio. Natl Bank Of Nova Scotia owns 260,547 shares. Moreover, Creative Planning has 0.02% invested in Western Digital Corporation (NASDAQ:WDC) for 52,665 shares. 500 were reported by Toth Advisory Corporation. Stack Mngmt stated it has 194,551 shares or 1.56% of all its holdings. First Advsrs LP has 0.24% invested in Western Digital Corporation (NASDAQ:WDC) for 1.25 million shares. Shelton Capital Management reported 64,647 shares or 0.33% of all its holdings. Cornercap Inv Counsel stated it has 45,485 shares or 0.5% of all its holdings. Synovus reported 0.01% in Western Digital Corporation (NASDAQ:WDC). Panagora Asset Management reported 0.36% stake. Moreover, Alpine Woods Lc has 0.33% invested in Western Digital Corporation (NASDAQ:WDC) for 83,000 shares. Ent Financial Corp accumulated 205 shares. Logan Capital Mgmt reported 0.02% in Western Digital Corporation (NASDAQ:WDC). Mutual Of America Cap Mgmt Limited Liability Com has invested 0.09% in Western Digital Corporation (NASDAQ:WDC).

Since January 29, 2018, it had 0 insider purchases, and 11 insider sales for $24.09 million activity. Shares for $106,944 were sold by RAY MICHAEL CHARLES on Friday, February 23. LONG MARK P had sold 4,466 shares worth $376,037 on Monday, February 5. Sivaram Srinivasan sold $942,109 worth of stock.

Eric Sprott increased its stake in Western Digital Corp (WDC) by 36.87% based on its latest 2017Q4 regulatory filing with the SEC. Sprott Inc bought 40,000 shares as the company’s stock rose 14.25% while stock markets declined. The hedge fund run by Eric Sprott held 148,500 shares of the electronic components company at the end of 2017Q4, valued at $11.81M, up from 108,500 at the end of the previous reported quarter. Sprott Inc who had been investing in Western Digital Corp for a number of months, seems to be bullish on the $25.71B market cap company. The stock decreased 0.68% or $0.59 during the last trading session, reaching $86.41. About 2.29M shares traded. Western Digital Corporation (NASDAQ:WDC) has risen 17.32% since April 24, 2017 and is uptrending. It has outperformed by 5.77% the S&P500.

Sprott Inc, which manages about $3.27B and $342.60M US Long portfolio, decreased its stake in Westlake Chem Corp (NYSE:WLK) by 63,500 shares to 37,000 shares, valued at $3.94M in 2017Q4, according to the filing.

Western Digital Corporation (NASDAQ:WDC) Ratings Coverage

Among 19 analysts covering Western Digital (NASDAQ:WDC), 14 have Buy rating, 0 Sell and 5 Hold. Therefore 74% are positive. Western Digital had 31 analyst reports since October 27, 2017 according to SRatingsIntel. Summit Redstone Partners upgraded the shares of WDC in report on Wednesday, December 13 to “Buy” rating. Loop Capital Markets maintained the stock with “Buy” rating in Wednesday, December 13 report. The stock of Western Digital Corporation (NASDAQ:WDC) earned “Hold” rating by BMO Capital Markets on Thursday, January 4. The company was maintained on Friday, October 27 by UBS. Maxim Group maintained Western Digital Corporation (NASDAQ:WDC) rating on Thursday, November 16. Maxim Group has “Buy” rating and $124.0 target. Wells Fargo initiated Western Digital Corporation (NASDAQ:WDC) on Tuesday, November 14 with “Buy” rating. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Monday, November 27. Guggenheim maintained the stock with “Buy” rating in Tuesday, March 13 report. The rating was maintained by Maxim Group with “Buy” on Friday, January 26. The stock of Western Digital Corporation (NASDAQ:WDC) earned “Buy” rating by Craig Hallum on Monday, March 5.

Western Digital Corporation (NASDAQ:WDC) Institutional Positions Chart

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