Today Cowen Keeps a “Outperform” Rating on Western Digital (NASDAQ:WDC) and a $100 Target Price

July 27, 2018 - By Jack Shaw

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Investors sentiment decreased to 0.98 in 2018 Q1. Its down 0.09, from 1.07 in 2017Q4. It dropped, as 55 investors sold Western Digital Corporation shares while 244 reduced holdings. 93 funds opened positions while 201 raised stakes. 242.29 million shares or 0.38% less from 243.21 million shares in 2017Q4 were reported.

Ubs Asset Mngmt Americas has invested 0% in Western Digital Corporation (NASDAQ:WDC). The Virginia-based Palladium Prtn Limited Liability Company has invested 0.08% in Western Digital Corporation (NASDAQ:WDC). First Tru Advsrs L P holds 0.3% of its portfolio in Western Digital Corporation (NASDAQ:WDC) for 1.42 million shares. Laurion Capital Mngmt Limited Partnership accumulated 25,894 shares. Capital One National Association, New York-based fund reported 4,606 shares. Wellington Shields Cap Mgmt Limited Liability Corporation has 12,700 shares. British Columbia Investment Management Corp owns 0.08% invested in Western Digital Corporation (NASDAQ:WDC) for 111,286 shares. Alyeska Invest Grp Limited Partnership accumulated 1.01 million shares. Landscape Lc has invested 0.02% in Western Digital Corporation (NASDAQ:WDC). Oppenheimer And Com Inc holds 19,809 shares or 0.05% of its portfolio. Lloyds Banking Group Inc Public Limited Company accumulated 0.02% or 41 shares. State Street Corp stated it has 0.09% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Dnb Asset As stated it has 111,838 shares. Mercer Capital Advisers Inc holds 0.01% or 200 shares in its portfolio. Moreover, Barnett Company has 0.19% invested in Western Digital Corporation (NASDAQ:WDC).

Since January 29, 2018, it had 0 insider purchases, and 19 selling transactions for $33.27 million activity. $942,109 worth of Western Digital Corporation (NASDAQ:WDC) shares were sold by Sivaram Srinivasan. The insider LAMBERT MICHAEL D sold $991,202. The insider MILLIGAN STEPHEN D sold $1.39M. The insider DENERO HENRY T sold $556,051. 4,466 shares valued at $376,037 were sold by LONG MARK P on Monday, February 5. $288,193 worth of Western Digital Corporation (NASDAQ:WDC) shares were sold by Price Paula A.

Western Digital (NASDAQ:WDC) Rating Reaffirmed

In analysts report sent to investors and clients on Friday, 27 July, The “Outperform” rating of Western Digital (NASDAQ:WDC) shares was restate at Cowen, who now has a $100 target price on the stock. Cowen’s target price indicates a possible upside of 29.72 % from the current price of the company.

Western Digital Corporation (NASDAQ:WDC) Ratings Coverage

Among 16 analysts covering Western Digital (NASDAQ:WDC), 14 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Western Digital has $15000 highest and $90.0 lowest target. $118.54’s average target is 53.77% above currents $77.09 stock price. Western Digital had 20 analyst reports since February 2, 2018 according to SRatingsIntel. As per Friday, April 27, the company rating was maintained by Maxim Group. The stock of Western Digital Corporation (NASDAQ:WDC) earned “Buy” rating by Benchmark on Friday, April 27. As per Friday, April 27, the company rating was maintained by Stifel Nicolaus. The company was maintained on Friday, April 27 by Barclays Capital. The stock has “Buy” rating by Mizuho on Friday, April 27. The rating was initiated by J.P. Morgan on Monday, May 14 with “Buy”. The stock has “Hold” rating by UBS on Tuesday, March 6. As per Tuesday, March 27, the company rating was maintained by Barclays Capital. Mizuho maintained Western Digital Corporation (NASDAQ:WDC) on Friday, February 2 with “Buy” rating. The company was upgraded on Friday, March 16 by Robert W. Baird.

The stock increased 1.93% or $1.46 during the last trading session, reaching $77.09. About 4.87M shares traded or 25.78% up from the average. Western Digital Corporation (NASDAQ:WDC) has declined 3.27% since July 27, 2017 and is downtrending. It has underperformed by 15.84% the S&P500.

Western Digital Corporation, together with its subsidiaries, develops, makes, and sells data storage devices and solutions worldwide. The company has market cap of $23.07 billion. It offers performance hard disk drives that are used in enterprise servers, data analysis, and other enterprise applications; capacity HDDs and drive configurations for use in data storage systems and tiered storage models; and enterprise solid state drives (SSDs), including NAND-flash SSDs and software solutions that are designed to enhance the performance in various enterprise workload environments. It has a 115.06 P/E ratio. The firm also provides system solutions that offer petabyte scalable capacity; data storage platforms and systems; datacenter software and systems; and HDDs and SSDs for desktop and notebook PCs, gaming consoles, security surveillance systems, and set top boxes.

More notable recent Western Digital Corporation (NASDAQ:WDC) news were published by: Benzinga.com which released: “15 Stocks To Watch For July 26, 2018” on July 26, 2018, also Benzinga.com with their article: “12 Stocks To Watch For July 27, 2018” published on July 27, 2018, Finance.Yahoo.com published: “Seagate Stock Set to Plunge on Earnings With No Solid Sate Solution” on July 26, 2018. More interesting news about Western Digital Corporation (NASDAQ:WDC) were released by: Nasdaq.com and their article: “Western Digital (WDC) Unveils New Data Center Storage Solutions” published on July 02, 2018 as well as Nasdaq.com‘s news article titled: “Here’s Why Seagate Technology Stock Has Gained 35% So Far in 2018” with publication date: July 13, 2018.

Western Digital Corporation (NASDAQ:WDC) Institutional Positions Chart

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