Amerigo Asset Management buys $172,478,290 stake in Western Digital Corp (WDC)

Western Digital Corp (WDC) : Amerigo Asset Management scooped up 1,521,044 additional shares in Western Digital Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 4,259,775 shares of Western Digital Corp which is valued at $172,478,290.Western Digital Corp makes up approximately 14.51% of Amerigo Asset Management’s portfolio.

Western Digital Corp opened for trading at $40.5 and hit $41.315 on the upside on Monday, eventually ending the session at $41.03, with a gain of 1.33% or 0.54 points. The heightened volatility saw the trading volume jump to 44,56,126 shares. Company has a market cap of $9,551 M.

Other Hedge Funds, Including , Koshinski Asset Management boosted its stake in WDC in the latest quarter, The investment management firm added 568 additional shares and now holds a total of 7,134 shares of Western Digital Corp which is valued at $288,856. Western Digital Corp makes up approx 0.19% of Koshinski Asset Management’s portfolio.Santa Fe Partners reduced its stake in WDC by selling 16,787 shares or 40.19% in the most recent quarter. The Hedge Fund company now holds 24,981 shares of WDC which is valued at $1,011,481. Western Digital Corp makes up approx 0.16% of Santa Fe Partners’s portfolio. Breton Hill Capital Ltd. added WDC to its portfolio by purchasing 20,037 company shares during the most recent quarter which is valued at $811,298. Western Digital Corp makes up approx 0.30% of Breton Hill Capital Ltd.’s portfolio.Dnb Asset Management As boosted its stake in WDC in the latest quarter, The investment management firm added 554,337 additional shares and now holds a total of 876,780 shares of Western Digital Corp which is valued at $35,500,822. Western Digital Corp makes up approx 0.73% of Dnb Asset Management As’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in WDC in the latest quarter, The investment management firm added 7,028 additional shares and now holds a total of 53,437 shares of Western Digital Corp which is valued at $2,163,664. Western Digital Corp makes up approx 0.05% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.

On the company’s financial health, Western Digital Corp reported $1.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $1.54. The company had revenue of $3317.00 million for the quarter, compared to analysts expectations of $3347.18 million. The company’s revenue was down -14.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.26 EPS.

Many Wall Street Analysts have commented on Western Digital Corp. Western Digital Corp was Downgraded by Longbow to ” Neutral” on Apr 13, 2016. Cowen Initiated Western Digital Corp on Apr 11, 2016 to “Market Perform”, Price Target of the shares are set at $46.Company shares were Reiterated by Mizuho on Mar 15, 2016 to “Neutral”, Firm has raised the Price Target to $ 47 from a previous price target of $45 .

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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