Howard Hughes Medical Institute buys $2,384,132 stake in Western Digital Corp (WDC)

Western Digital Corp (WDC) : Howard Hughes Medical Institute scooped up 44,137 additional shares in Western Digital Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 53,241 shares of Western Digital Corp which is valued at $2,384,132.Western Digital Corp makes up approximately 0.76% of Howard Hughes Medical Institute’s portfolio.

Other Hedge Funds, Including , Great West Life Assurance Co Can reduced its stake in WDC by selling 8,528 shares or 2.64% in the most recent quarter. The Hedge Fund company now holds 314,822 shares of WDC which is valued at $14,097,729. Western Digital Corp makes up approx 0.04% of Great West Life Assurance Co Can’s portfolio.Riggs Asset Managment reduced its stake in WDC by selling 1 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 47 shares of WDC which is valued at $2,233.Capital Fund Management S.a. reduced its stake in WDC by selling 814,398 shares or 92.35% in the most recent quarter. The Hedge Fund company now holds 67,425 shares of WDC which is valued at $3,603,192. Western Digital Corp makes up approx 0.06% of Capital Fund Management S.a.’s portfolio.Pggm Investments boosted its stake in WDC in the latest quarter, The investment management firm added 8,947 additional shares and now holds a total of 154,138 shares of Western Digital Corp which is valued at $8,237,135. Western Digital Corp makes up approx 0.04% of Pggm Investments’s portfolio. North Star Investment Management Corp. added WDC to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $52,010. Western Digital Corp makes up approx 0.01% of North Star Investment Management Corp.’s portfolio.

Western Digital Corp closed down -0.07 points or -0.15% at $45.35 with 42,22,787 shares getting traded on Monday. Post opening the session at $45.98, the shares hit an intraday low of $45.305 and an intraday high of $46.33 and the price fluctuated in this range throughout the day.Shares ended Monday 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. Shares were Downgraded by Goldman on Aug 3, 2016 to ” Sell” and Lowered the Price Target to $ 38 from a previous price target of $47 .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 .

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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