Artemis Investment Management Llp adds Western Digital Corp (WDC) to its portfolio

Western Digital Corp (WDC) : Artemis Investment Management Llp added new position in Western Digital Corp during the most recent quarter end. The investment management firm now holds 722,930 shares of Western Digital Corp which is valued at $38,633,379 , the company said in a statement filed on Jul 26, 2016 with the SEC.Western Digital Corp makes up approximately 1.01% of Artemis Investment Management Llp’s portfolio.

Other Hedge Funds, Including , Diversified Trust Co reduced its stake in WDC by selling 2,975 shares or 10.03% in the most recent quarter. The Hedge Fund company now holds 26,690 shares of WDC which is valued at $1,426,314. Western Digital Corp makes up approx 0.19% of Diversified Trust Co’s portfolio.Grimes Company reduced its stake in WDC by selling 85 shares or 0.63% in the most recent quarter. The Hedge Fund company now holds 13,309 shares of WDC which is valued at $711,233. Western Digital Corp makes up approx 0.09% of Grimes Company’s portfolio.Blb&b Advisors reduced its stake in WDC by selling 532 shares or 1.03% in the most recent quarter. The Hedge Fund company now holds 51,315 shares of WDC which is valued at $2,661,709. Western Digital Corp makes up approx 0.49% of Blb&b Advisors’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in WDC in the latest quarter, The investment management firm added 4,494 additional shares and now holds a total of 72,850 shares of Western Digital Corp which is valued at $3,595,148. Western Digital Corp makes up approx 0.07% of Exxonmobil Investment Management Inc Tx’s portfolio.

Western Digital Corp closed down -6.19 points or -11.53% at $47.51 with 1,76,58,950 shares getting traded on Friday. Post opening the session at $50.77, the shares hit an intraday low of $47.05 and an intraday high of $51 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Western Digital Corp reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.71. The company had revenue of $3495.00 million for the quarter, compared to analysts expectations of $3446.23 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 EPS.

Many Wall Street Analysts have commented on Western Digital Corp. Company shares were Upgraded by Robert W. Baird on Jul 29, 2016 to ” Outperform”, Firm has raised the Price Target to $ 65 from a previous price target of $50 .Company shares were Reiterated by Cowen on Jul 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 55 from a previous price target of $50 .Mizuho Upgraded Western Digital Corp on Jun 7, 2016 to ” Buy”, Price Target of the shares are set at $53.

Western Digital Corporation is a data storage solutions company. The Company is a developer manufacturer and provider of data storage solutions that enable consumers businesses governments and other organizations to create manage experience and preserve digital content. The Company’s Technology product includes: Hard Disk Drives and Solid-State Drives. Hard Disk Drives provide non-volatile data storage. Solid-State Drives are semiconductor and non-volatile media. The Company offers solutions including: Enterprise Storage Solutions Client Desktop and Notebook PCs Branded Product Solutions Consumer Electronics Solutions. The Company’s products are marketed under the HGST WD and G-Technology brand names.

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