Oak Associates LTD Has Boosted Its Western Digital Corp. (WDC) Position

April 20, 2018 - By Clifton Ray

Western Digital Corporation (NASDAQ:WDC) LogoInvestors sentiment decreased to 1.07 in Q4 2017. Its down 0.05, from 1.12 in 2017Q3. It turned negative, as 68 investors sold WDC shares while 219 reduced holdings. 82 funds opened positions while 224 raised stakes. 243.21 million shares or 1.21% more from 240.32 million shares in 2017Q3 were reported. Accredited Invsts accumulated 2,555 shares. Pictet North America Advsr Sa reported 35,131 shares. Shaker Invests Ltd Com Oh owns 6,300 shares or 0.33% of their US portfolio. Veritable Lp reported 0.01% in Western Digital Corporation (NASDAQ:WDC). E&G Advsrs Ltd Partnership reported 0.23% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Legal And General Group Incorporated Plc reported 1.42M shares. Regions Financial has invested 0% in Western Digital Corporation (NASDAQ:WDC). Bancorp Of Montreal Can invested 0.09% of its portfolio in Western Digital Corporation (NASDAQ:WDC). Axa stated it has 22,790 shares or 0.01% of all its holdings. First Quadrant Limited Partnership Ca, California-based fund reported 70,790 shares. United Cap Fin Advisers Ltd Limited Liability Company has invested 0.03% in Western Digital Corporation (NASDAQ:WDC). Sun Life Financial Inc holds 647 shares. Grimes & invested 0.68% in Western Digital Corporation (NASDAQ:WDC). Nexus Invest invested in 260,400 shares or 3.07% of the stock. Lord Abbett & Limited Liability Co reported 445,500 shares or 0.1% of all its holdings.

Since January 29, 2018, it had 0 buys, and 11 insider sales for $24.09 million activity. The insider MILLIGAN STEPHEN D sold $8.00 million. Shares for $376,037 were sold by LONG MARK P. RAY MICHAEL CHARLES sold $1.66 million worth of Western Digital Corporation (NASDAQ:WDC) on Monday, March 12.

Oak Associates Ltd increased its stake in Western Digital Corp. (WDC) by 108.72% based on its latest 2017Q4 regulatory filing with the SEC. Oak Associates Ltd bought 49,425 shares as the company’s stock rose 14.25% while stock markets declined. The institutional investor held 94,885 shares of the electronic components company at the end of 2017Q4, valued at $7.55 million, up from 45,460 at the end of the previous reported quarter. Oak Associates Ltd who had been investing in Western Digital Corp. for a number of months, seems to be bullish on the $26.64B market cap company. The stock decreased 2.39% or $2.19 during the last trading session, reaching $89.51. About 2.25 million shares traded. Western Digital Corporation (NASDAQ:WDC) has risen 17.32% since April 20, 2017 and is uptrending. It has outperformed by 5.77% the S&P500.

Western Digital Corporation (NASDAQ:WDC) Ratings Coverage

Among 19 analysts covering Western Digital (NASDAQ:WDC), 14 have Buy rating, 0 Sell and 5 Hold. Therefore 74% are positive. Western Digital had 31 analyst reports since October 27, 2017 according to SRatingsIntel. Summit Redstone Partners upgraded the shares of WDC in report on Wednesday, December 13 to “Buy” rating. As per Friday, October 27, the company rating was maintained by Benchmark. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, December 13. The rating was maintained by Maxim Group on Friday, January 26 with “Buy”. The firm has “Outperform” rating by Robert W. Baird given on Friday, March 16. Barclays Capital maintained Western Digital Corporation (NASDAQ:WDC) on Friday, October 27 with “Overweight” rating. The rating was maintained by Stifel Nicolaus on Friday, February 23 with “Buy”. The firm has “Neutral” rating given on Friday, January 26 by UBS. Evercore maintained Western Digital Corporation (NASDAQ:WDC) on Wednesday, December 13 with “Buy” rating. The rating was maintained by Maxim Group with “Buy” on Friday, October 27.

Western Digital Corporation (NASDAQ:WDC) Institutional Positions Chart

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