Cibc World Market Inc. grew its position in shares of Western Digital Co. (NASDAQ:WDC – Get Rating) by 1.2% during the second quarter, HoldingsChannel reports. The firm owned 25,556 shares of the data storage provider’s stock after buying an additional 309 shares during the period. Cibc World Market Inc.’s holdings in Western Digital were worth $1,146,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Greenwich Wealth Management LLC increased its stake in Western Digital by 0.7% during the second quarter. Greenwich Wealth Management LLC now owns 40,973 shares of the data storage provider’s stock valued at $1,837,000 after purchasing an additional 266 shares during the last quarter. Financial Gravity Asset Management Inc. lifted its holdings in Western Digital by 148.0% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 496 shares of the data storage provider’s stock valued at $334,000 after acquiring an additional 296 shares during the last quarter. V Wealth Advisors LLC lifted its holdings in Western Digital by 5.7% in the 2nd quarter. V Wealth Advisors LLC now owns 5,572 shares of the data storage provider’s stock valued at $250,000 after acquiring an additional 300 shares during the last quarter. Hartford Investment Management Co. raised its holdings in Western Digital by 1.0% during the 2nd quarter. Hartford Investment Management Co. now owns 29,965 shares of the data storage provider’s stock worth $1,343,000 after buying an additional 303 shares during the period. Finally, Pinnacle Associates Ltd. raised its holdings in Western Digital by 2.8% during the 1st quarter. Pinnacle Associates Ltd. now owns 11,550 shares of the data storage provider’s stock worth $573,000 after buying an additional 315 shares during the period. Hedge funds and other institutional investors own 84.57% of the company’s stock.
Western Digital Stock Performance
Shares of WDC opened at $36.86 on Monday. The company has a current ratio of 1.83, a quick ratio of 1.05 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $11.71 billion, a price-to-earnings ratio of 12.71 and a beta of 1.53. The stock has a 50 day moving average of $35.57 and a 200 day moving average of $44.97. Western Digital Co. has a 12 month low of $31.56 and a 12 month high of $69.36.
Analyst Upgrades and Downgrades
Insider Activity at Western Digital
In related news, SVP Gene M. Zamiska sold 2,169 shares of the stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $40.90, for a total transaction of $88,712.10. Following the completion of the sale, the senior vice president now directly owns 31,554 shares of the company’s stock, valued at $1,290,558.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is currently owned by company insiders.
Western Digital Profile
Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook personal computers (PCs), smart video systems, gaming consoles, and set top boxes; flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications; and flash-based memory wafers.
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