Artemis Investment Management Llp Increased Stake in Western Digital Corp (WDC) as Valuation Declined

July 13, 2018 - By Theresa Judd

Western Digital Corporation (NASDAQ:WDC) LogoInvestors sentiment decreased to 0.98 in Q1 2018. Its down 0.09, from 1.07 in 2017Q4. It fall, as 55 investors sold WDC 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. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Corporation holds 0.15% of its portfolio in Western Digital Corporation (NASDAQ:WDC) for 176,700 shares. Clearbridge owns 8.04M shares or 0.7% of their US portfolio. Kepos Capital LP invested in 0.08% or 13,883 shares. Moreover, Sun Life Fincl has 0% invested in Western Digital Corporation (NASDAQ:WDC) for 126 shares. Janney Montgomery Scott Limited Liability Corp holds 0.06% or 62,525 shares. Strategic Advsrs Limited Co owns 9,056 shares or 0.29% of their US portfolio. Alpine Woods Capital Invsts Ltd Liability Corp reported 83,000 shares. Avalon Asset Mngmt Limited Liability Com holds 60,420 shares. Rhumbline Advisers has invested 0.1% in Western Digital Corporation (NASDAQ:WDC). Northern Tru holds 0.08% or 3.37M shares in its portfolio. Balyasny Asset Mngmt Lc owns 107,340 shares for 0.04% of their portfolio. Wolverine Asset Management Ltd Llc owns 7,057 shares. The Massachusetts-based Massachusetts Financial Svcs Ma has invested 0.02% in Western Digital Corporation (NASDAQ:WDC). Argi Investment Ltd Limited Liability Company has invested 0.02% in Western Digital Corporation (NASDAQ:WDC). Orca Management Ltd Llc invested in 24,468 shares.

Since January 29, 2018, it had 0 insider purchases, and 19 sales for $33.27 million activity. Sivaram Srinivasan sold 63,879 shares worth $5.52 million. Another trade for 6,492 shares valued at $556,051 was made by DENERO HENRY T on Tuesday, June 5. Another trade for 3,288 shares valued at $288,193 was made by Price Paula A on Tuesday, May 22. The insider MILLIGAN STEPHEN D sold $2.19 million. 7,026 shares valued at $693,064 were sold by LONG MARK P on Friday, March 9. $991,202 worth of Western Digital Corporation (NASDAQ:WDC) was sold by LAMBERT MICHAEL D on Wednesday, May 16.

Artemis Investment Management Llp increased its stake in Western Digital Corp (WDC) by 76.98% based on its latest 2018Q1 regulatory filing with the SEC. Artemis Investment Management Llp bought 796,333 shares as the company’s stock declined 3.22% with the market. The institutional investor held 1.83 million shares of the electronic components company at the end of 2018Q1, valued at $168.91 million, up from 1.03M at the end of the previous reported quarter. Artemis Investment Management Llp who had been investing in Western Digital Corp for a number of months, seems to be bullish on the $23.74B market cap company. The stock increased 0.61% or $0.48 during the last trading session, reaching $79.33. About 1.11 million shares traded. Western Digital Corporation (NASDAQ:WDC) has declined 3.27% since July 13, 2017 and is downtrending. It has underperformed by 15.84% the S&P500.

Artemis Investment Management Llp, which manages about $6.46B US Long portfolio, decreased its stake in Intel Corp (NASDAQ:INTC) by 92,919 shares to 1.43 million shares, valued at $74.04M in 2018Q1, according to the filing. It also reduced its holding in Wabco Hldgs Inc (NYSE:WBC) by 76,796 shares in the quarter, leaving it with 111,981 shares, and cut its stake in Pvh Corp (NYSE:PVH).

More recent Western Digital Corporation (NASDAQ:WDC) news were published by: Nasdaq.com which released: “Western Digital (WDC) Unveils New Data Center Storage Solutions” on July 02, 2018. Also Finance.Yahoo.com published the news titled: “Should Income Investors Buy Western Digital Corporation (NASDAQ:WDC) Before Its Ex-Dividend?” on June 25, 2018. Investorplace.com‘s news article titled: “Futures at 5-Month High: Tap 5 Large-Cap Growth Stocks” with publication date: July 13, 2018 was also an interesting one.

Western Digital Corporation (NASDAQ:WDC) Ratings Coverage

Among 19 analysts covering Western Digital (NASDAQ:WDC), 15 have Buy rating, 0 Sell and 4 Hold. Therefore 79% are positive. Western Digital had 27 analyst reports since January 23, 2018 according to SRatingsIntel. The firm has “Outperform” rating by Robert W. Baird given on Friday, March 16. Barclays Capital maintained Western Digital Corporation (NASDAQ:WDC) on Friday, April 27 with “Overweight” rating. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, April 27 report. The stock of Western Digital Corporation (NASDAQ:WDC) earned “Hold” rating by Summit Redstone Partners on Friday, January 26. The firm earned “Buy” rating on Monday, May 14 by J.P. Morgan. The firm earned “Buy” rating on Friday, April 27 by Maxim Group. The stock of Western Digital Corporation (NASDAQ:WDC) earned “Buy” rating by Mizuho on Friday, February 2. The firm earned “Buy” rating on Friday, January 26 by Mizuho. Mizuho maintained it with “Buy” rating and $11000 target in Tuesday, May 15 report. The firm has “Hold” rating by BMO Capital Markets given on Friday, January 26.

Western Digital Corporation (NASDAQ:WDC) Institutional Positions Chart

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