Analysts at Cowen & Co. Reconfirmed their Past ‘Buy’ rating on Shares Western Digital (NASDAQ:WDC), Set a $117.0 TP

January 14, 2018 - By Vivian Park

 Analysts at Cowen & Co. Reconfirmed their Past ‘Buy’ rating on Shares Western Digital (NASDAQ:WDC), Set a $117.0 TP

Investors sentiment is 1.12 in 2017 Q3. Its the same as in 2017Q2. It is flat, as 65 investors sold Western Digital Corporation shares while 212 reduced holdings. only 69 funds opened positions while 240 raised stakes. 240.32 million shares or 2.88% more from 233.59 million shares in 2017Q2 were reported.

Brown Advisory holds 0.01% or 18,854 shares. Fjarde Ap reported 0.12% stake. Regentatlantic Capital Ltd Limited Liability Company stated it has 38,728 shares. The New York-based D E Shaw & Com Inc has invested 0.02% in Western Digital Corporation (NASDAQ:WDC). Paloma Prtn Mgmt Company has 8,844 shares for 0.01% of their portfolio. Sprott holds 108,500 shares or 2.41% of its portfolio. Moreover, Us Natl Bank De has 0.06% invested in Western Digital Corporation (NASDAQ:WDC). Guardian Life Insurance Of America reported 670 shares or 0.01% of all its holdings. Scout Invests reported 184,959 shares or 0.44% of all its holdings. Pggm Investments invested in 0.02% or 49,428 shares. Bp Public Lc holds 0.1% of its portfolio in Western Digital Corporation (NASDAQ:WDC) for 32,000 shares. Fdx Advisors invested in 0.02% or 6,490 shares. The Ontario – Canada-based Hillsdale Investment Mngmt has invested 0.08% in Western Digital Corporation (NASDAQ:WDC). Global X Ltd Company owns 8,380 shares for 0.02% of their portfolio. Alpine Woods Cap Invsts Lc holds 83,000 shares or 0.37% of its portfolio.

Since August 3, 2017, it had 0 buys, and 10 sales for $6.56 million activity. 1,517 shares were sold by LONG MARK P, worth $134,239. On Thursday, August 3 BHATIA MANISH H sold $234,190 worth of Western Digital Corporation (NASDAQ:WDC) or 2,762 shares. Another trade for 3,098 shares valued at $263,330 was sold by Sivaram Srinivasan. $1.21 million worth of Western Digital Corporation (NASDAQ:WDC) was sold by DeMaria Jacqueline on Thursday, August 3.

Western Digital (NASDAQ:WDC) Rating Reaffirmed

In an analyst note revealed to clients and investors this morning, Cowen & Co. maintained their Buy rating on Western Digital (NASDAQ:WDC) shares. The target price per share would suggest a possible upside of 40.76 % from firm’s stock close price.

Investors sentiment is 1.12 in 2017 Q3. Its the same as in 2017Q2. It is flat, as 65 investors sold Western Digital Corporation shares while 212 reduced holdings. only 69 funds opened positions while 240 raised stakes. 240.32 million shares or 2.88% more from 233.59 million shares in 2017Q2 were reported.

Brown Advisory holds 0.01% or 18,854 shares. Fjarde Ap reported 0.12% stake. Regentatlantic Capital Ltd Limited Liability Company stated it has 38,728 shares. The New York-based D E Shaw & Com Inc has invested 0.02% in Western Digital Corporation (NASDAQ:WDC). Paloma Prtn Mgmt Company has 8,844 shares for 0.01% of their portfolio. Sprott holds 108,500 shares or 2.41% of its portfolio. Moreover, Us Natl Bank De has 0.06% invested in Western Digital Corporation (NASDAQ:WDC). Guardian Life Insurance Of America reported 670 shares or 0.01% of all its holdings. Scout Invests reported 184,959 shares or 0.44% of all its holdings. Pggm Investments invested in 0.02% or 49,428 shares. Bp Public Lc holds 0.1% of its portfolio in Western Digital Corporation (NASDAQ:WDC) for 32,000 shares. Fdx Advisors invested in 0.02% or 6,490 shares. The Ontario – Canada-based Hillsdale Investment Mngmt has invested 0.08% in Western Digital Corporation (NASDAQ:WDC). Global X Ltd Company owns 8,380 shares for 0.02% of their portfolio. Alpine Woods Cap Invsts Lc holds 83,000 shares or 0.37% of its portfolio.

Since August 3, 2017, it had 0 buys, and 10 sales for $6.56 million activity. 1,517 shares were sold by LONG MARK P, worth $134,239. On Thursday, August 3 BHATIA MANISH H sold $234,190 worth of Western Digital Corporation (NASDAQ:WDC) or 2,762 shares. Another trade for 3,098 shares valued at $263,330 was sold by Sivaram Srinivasan. $1.21 million worth of Western Digital Corporation (NASDAQ:WDC) was sold by DeMaria Jacqueline on Thursday, August 3.

Western Digital Corporation (NASDAQ:WDC) Ratings Coverage

Among 35 analysts covering Western Digital (NASDAQ:WDC), 24 have Buy rating, 1 Sell and 10 Hold. Therefore 69% are positive. Western Digital has $140 highest and $39 lowest target. $105.13’s average target is 26.48% above currents $83.12 stock price. Western Digital had 149 analyst reports since July 23, 2015 according to SRatingsIntel. On Thursday, August 25 the stock rating was maintained by Mizuho with “Buy”. Sterne Agee CRT initiated the shares of WDC in report on Tuesday, September 29 with “Buy” rating. The stock of Western Digital Corporation (NASDAQ:WDC) earned “Buy” rating by RBC Capital Markets on Tuesday, October 10. Mizuho maintained the stock with “Buy” rating in Sunday, July 30 report. Summit Redstone Partners upgraded the shares of WDC in report on Wednesday, December 13 to “Buy” rating. The stock of Western Digital Corporation (NASDAQ:WDC) earned “Buy” rating by BTIG Research on Tuesday, April 26. The rating was maintained by Cowen & Co with “Buy” on Wednesday, August 23. The stock of Western Digital Corporation (NASDAQ:WDC) earned “Buy” rating by Maxim Group on Thursday, January 26. As per Thursday, January 26, the company rating was maintained by Needham. On Thursday, October 27 the stock rating was maintained by Needham with “Strong Buy”.

The stock increased 1.06% or $0.87 during the last trading session, reaching $83.12. About 2.99 million shares traded. Western Digital Corporation (NASDAQ:WDC) has risen 125.85% since January 14, 2017 and is uptrending. It has outperformed by 109.15% the S&P500.

Analysts await Western Digital Corporation (NASDAQ:WDC) to report earnings on January, 24. They expect $3.44 EPS, up 73.74 % or $1.46 from last year’s $1.98 per share. WDC’s profit will be $1.02B for 6.04 P/E if the $3.44 EPS becomes a reality. After $3.28 actual EPS reported by Western Digital Corporation for the previous quarter, Wall Street now forecasts 4.88 % EPS growth.

Western Digital Corporation, together with its subsidiaries, develops, makes, and sells data storage devices and solutions worldwide. The company has market cap of $24.59 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 17.34 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 important recent Western Digital Corporation (NASDAQ:WDC) news were published by: Businesswire.com which released: “Western Digital Sets January 25 for Q2 Fiscal 2018 Financial Results …” on January 10, 2018, also Prnewswire.com published article titled: “Quotidian Technical Highlights on Selected Data Storage Devices Stocks …”, Gurufocus.com published: “FPA Capital Curbs Arris, Western Digital Positions, Exits Foot Locker” on January 11, 2018. More interesting news about Western Digital Corporation (NASDAQ:WDC) was released by: Zacks.com and their article: “The Zacks Analyst Blog Highlights: Broadcom, ESCO International, Stratasys and …” with publication date: December 26, 2017.

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