Renaissance Technologies LLC Purchases New Holdings in Western Digital Corporation (WDC)

Renaissance Technologies LLC purchased a new stake in Western Digital Corporation (NASDAQ:WDC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 139,149 shares of the data storage provider’s stock, valued at approximately $12,329,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of WDC. South Dakota Investment Council raised its holdings in Western Digital Corporation by 20.2% in the first quarter. South Dakota Investment Council now owns 410,630 shares of the data storage provider’s stock valued at $33,889,000 after buying an additional 69,050 shares during the period. Teacher Retirement System of Texas raised its holdings in Western Digital Corporation by 1,663.6% in the first quarter. Teacher Retirement System of Texas now owns 52,361 shares of the data storage provider’s stock valued at $4,321,000 after buying an additional 49,392 shares during the period. Garelick Capital Partners LP purchased a new position in Western Digital Corporation in the first quarter valued at approximately $13,350,000. L & S Advisors Inc raised its holdings in Western Digital Corporation by 0.6% in the first quarter. L & S Advisors Inc now owns 114,928 shares of the data storage provider’s stock valued at $9,485,000 after buying an additional 648 shares during the period. Finally, Pictet North America Advisors SA raised its holdings in Western Digital Corporation by 12.2% in the first quarter. Pictet North America Advisors SA now owns 30,362 shares of the data storage provider’s stock valued at $2,506,000 after buying an additional 3,300 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

In other Western Digital Corporation news, insider Mark P. Long sold 19,777 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $84.50, for a total value of $1,671,156.50. Following the sale, the insider now directly owns 90,683 shares in the company, valued at $7,662,713.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jacqueline Demaria sold 14,358 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $84.53, for a total value of $1,213,681.74. Following the completion of the sale, the executive vice president now owns 75,772 shares in the company, valued at $6,405,007.16. The disclosure for this sale can be found here. Insiders sold 77,679 shares of company stock worth $6,561,639 over the last quarter. Company insiders own 0.31% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/19/renaissance-technologies-llc-purchases-new-holdings-in-western-digital-corporation-wdc.html.

Shares of Western Digital Corporation (NASDAQ:WDC) opened at 85.50 on Thursday. The firm has a 50-day moving average price of $86.77 and a 200-day moving average price of $87.58. The company has a market capitalization of $25.21 billion, a PE ratio of 63.81 and a beta of 1.24. Western Digital Corporation has a 1-year low of $52.62 and a 1-year high of $95.77.

Western Digital Corporation (NASDAQ:WDC) last announced its quarterly earnings results on Thursday, July 27th. The data storage provider reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.42. Western Digital Corporation had a return on equity of 21.23% and a net margin of 2.08%. The firm had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the prior year, the business posted $0.79 earnings per share. The business’s revenue was up 38.5% compared to the same quarter last year. Equities analysts anticipate that Western Digital Corporation will post $12.40 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, September 28th. Western Digital Corporation’s dividend payout ratio (DPR) is 156.25%.

WDC has been the topic of several research reports. Vetr lowered shares of Western Digital Corporation from a “strong-buy” rating to a “buy” rating and set a $95.94 price target on the stock. in a report on Tuesday, August 22nd. Mizuho restated a “buy” rating and issued a $105.00 price target on shares of Western Digital Corporation in a report on Sunday, October 8th. Maxim Group restated a “buy” rating and issued a $108.00 price target on shares of Western Digital Corporation in a report on Wednesday, August 30th. ValuEngine lowered shares of Western Digital Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, Cowen and Company restated an “outperform” rating and issued a $117.00 price target on shares of Western Digital Corporation in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have assigned a buy rating and three have issued a strong buy rating to the com

A number of other hedge funds and other institutional investors have also bought and sold shares of WDC. South Dakota Investment Council raised its holdings in Western Digital Corporation by 20.2% in the first quarter. South Dakota Investment Council now owns 410,630 shares of the data storage provider’s stock valued at $33,889,000 after buying an additional 69,050 shares during the period. Teacher Retirement System of Texas raised its holdings in Western Digital Corporation by 1,663.6% in the first quarter. Teacher Retirement System of Texas now owns 52,361 shares of the data storage provider’s stock valued at $4,321,000 after buying an additional 49,392 shares during the period. Garelick Capital Partners LP purchased a new position in Western Digital Corporation in the first quarter valued at approximately $13,350,000. L & S Advisors Inc raised its holdings in Western Digital Corporation by 0.6% in the first quarter. L & S Advisors Inc now owns 114,928 shares of the data storage provider’s stock valued at $9,485,000 after buying an additional 648 shares during the period. Finally, Pictet North America Advisors SA raised its holdings in Western Digital Corporation by 12.2% in the first quarter. Pictet North America Advisors SA now owns 30,362 shares of the data storage provider’s stock valued at $2,506,000 after buying an additional 3,300 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

In other Western Digital Corporation news, insider Mark P. Long sold 19,777 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $84.50, for a total value of $1,671,156.50. Following the sale, the insider now directly owns 90,683 shares in the company, valued at $7,662,713.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jacqueline Demaria sold 14,358 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $84.53, for a total value of $1,213,681.74. Following the completion of the sale, the executive vice president now owns 75,772 shares in the company, valued at $6,405,007.16. The disclosure for this sale can be found here. Insiders sold 77,679 shares of company stock worth $6,561,639 over the last quarter. Company insiders own 0.31% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/19/renaissance-technologies-llc-purchases-new-holdings-in-western-digital-corporation-wdc.html.

Shares of Western Digital Corporation (NASDAQ:WDC) opened at 85.50 on Thursday. The firm has a 50-day moving average price of $86.77 and a 200-day moving average price of $87.58. The company has a market capitalization of $25.21 billion, a PE ratio of 63.81 and a beta of 1.24. Western Digital Corporation has a 1-year low of $52.62 and a 1-year high of $95.77.

Western Digital Corporation (NASDAQ:WDC) last announced its quarterly earnings results on Thursday, July 27th. The data storage provider reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.42. Western Digital Corporation had a return on equity of 21.23% and a net margin of 2.08%. The firm had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the prior year, the business posted $0.79 earnings per share. The business’s revenue was up 38.5% compared to the same quarter last year. Equities analysts anticipate that Western Digital Corporation will post $12.40 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, September 28th. Western Digital Corporation’s dividend payout ratio (DPR) is 156.25%.

WDC has been the topic of several research reports. Vetr lowered shares of Western Digital Corporation from a “strong-buy” rating to a “buy” rating and set a $95.94 price target on the stock. in a report on Tuesday, August 22nd. Mizuho restated a “buy” rating and issued a $105.00 price target on shares of Western Digital Corporation in a report on Sunday, October 8th. Maxim Group restated a “buy” rating and issued a $108.00 price target on shares of Western Digital Corporation in a report on Wednesday, August 30th. ValuEngine lowered shares of Western Digital Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, Cowen and Company restated an “outperform” rating and issued a $117.00 price target on shares of Western Digital Corporation in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $111.50.

Western Digital Corporation Profile

Western Digital Corporation (Western Digital) is a developer, manufacturer and provider of data storage devices and solutions that address the needs of the information technology (IT) industry and the infrastructure that enables the proliferation of data in virtually every industry. The Company’s portfolio of offerings addresses three categories: Datacenter Devices and Solutions (capacity and performance enterprise hard disk drives (HDDs), enterprise solid state drives (SSDs), datacenter software and system solutions); Client Devices (mobile, desktop, gaming and digital video hard drives, client SSDs, embedded products and wafers), and Client Solutions (removable products, hard drive content solutions and flash content solutions).

Institutional Ownership by Quarter for Western Digital Corporation (NASDAQ:WDC)

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