Atria Investments Decreased Western Digital (WDC) Stake; Bronson Point Management Cut Apollo Global Mgmt (APO) Stake By $4.11 Million

October 13, 2017 - By Vivian Park

Atria Investments Llc decreased Western Digital Corp (WDC) stake by 42.58% reported in 2017Q2 SEC filing. Atria Investments Llc sold 3,576 shares as Western Digital Corp (WDC)’s stock rose 15.69%. The Atria Investments Llc holds 4,823 shares with $427,000 value, down from 8,399 last quarter. Western Digital Corp now has $25.92B valuation. The stock increased 2.38% or $2.04 during the last trading session, reaching $87.8. About 5.28M shares traded or 23.65% up from the average. Western Digital Corp (NASDAQ:WDC) has risen 125.85% since October 13, 2016 and is uptrending. It has outperformed by 109.15% the S&P500.

Bronson Point Management Llc decreased Apollo Global Mgmt Llc (APO) stake by 90.29% reported in 2017Q2 SEC filing. Bronson Point Management Llc sold 158,000 shares as Apollo Global Mgmt Llc (APO)’s stock rose 18.10%. The Bronson Point Management Llc holds 17,000 shares with $450,000 value, down from 175,000 last quarter. Apollo Global Mgmt Llc now has $6.04B valuation. The stock increased 0.94% or $0.29 on October 13, reaching $31.13. About 535,263 shares traded. Apollo Global Management LLC (NYSE:APO) has risen 63.33% since October 13, 2016 and is uptrending. It has outperformed by 46.63% the S&P500.

Among 35 analysts covering Western Digital (NASDAQ:WDC), 24 have Buy rating, 1 Sell and 10 Hold. Therefore 69% are positive. Western Digital had 132 analyst reports since July 23, 2015 according to SRatingsIntel. Guggenheim initiated the shares of WDC in report on Wednesday, January 4 with “Buy” rating. Morgan Stanley downgraded the shares of WDC in report on Thursday, July 23 to “Equal-Weight” rating. Cowen & Co maintained it with “Outperform” rating and $58 target in Wednesday, September 7 report. The rating was maintained by Mizuho on Wednesday, June 21 with “Buy”. The firm earned “Strong Buy” rating on Thursday, January 26 by Needham. Mizuho maintained the shares of WDC in report on Thursday, January 26 with “Buy” rating. The firm earned “Buy” rating on Wednesday, June 21 by Maxim Group. Jefferies maintained Western Digital Corp (NASDAQ:WDC) rating on Tuesday, July 4. Jefferies has “Hold” rating and $9000 target. The firm earned “Buy” rating on Monday, January 11 by Deutsche Bank. The firm has “Buy” rating given on Wednesday, June 21 by Stifel Nicolaus.

Investors sentiment increased to 1.12 in Q2 2017. Its up 0.11, from 1.01 in 2017Q1. It improved, as 41 investors sold WDC shares while 243 reduced holdings. 101 funds opened positions while 216 raised stakes. 233.59 million shares or 1.07% more from 231.11 million shares in 2017Q1 were reported. The Germany-based Deutsche Bankshares Ag has invested 0.06% in Western Digital Corp (NASDAQ:WDC). The Ontario – Canada-based Td Asset Mngmt has invested 0.02% in Western Digital Corp (NASDAQ:WDC). The New York-based Bluefin Trading Ltd Co has invested 0.03% in Western Digital Corp (NASDAQ:WDC). Berkshire Asset Mngmt Ltd Liability Company Pa holds 0.03% of its portfolio in Western Digital Corp (NASDAQ:WDC) for 2,511 shares. Tru Department Mb Commercial Bank N A has 69 shares. Cypress Funds Lc holds 305,250 shares or 5.32% of its portfolio. Boston Limited Liability holds 0.84% or 411,128 shares in its portfolio. Exane Derivatives holds 0% or 24,046 shares. Credit Suisse Ag, a Switzerland-based fund reported 619,514 shares. Stephens Inc Ar has invested 0.1% in Western Digital Corp (NASDAQ:WDC). Winslow Evans & Crocker holds 0% of its portfolio in Western Digital Corp (NASDAQ:WDC) for 19,458 shares. Moors & Cabot Incorporated holds 3,704 shares. Great West Life Assurance Can accumulated 299,771 shares or 0.07% of the stock. Usca Ria Limited Liability owns 3,141 shares. Profit Invest Mgmt Ltd Liability Com, a Maryland-based fund reported 3,761 shares.

Analysts await Western Digital Corp (NASDAQ:WDC) to report earnings on October, 25. They expect $3.00 EPS, up 154.24% or $1.82 from last year’s $1.18 per share. WDC’s profit will be $885.65 million for 7.32 P/E if the $3.00 EPS becomes a reality. After $2.63 actual EPS reported by Western Digital Corp for the previous quarter, Wall Street now forecasts 14.07% EPS growth.

Atria Investments Llc increased Powershares Qqq Trust (QQQ) stake by 5,464 shares to 197,856 valued at $27.23 million in 2017Q2. It also upped Vanguard Scottsdale Fds (VCSH) stake by 11,964 shares and now owns 16,951 shares. Ishares Tr (EMB) was raised too.

Since April 28, 2017, it had 0 insider buys, and 13 selling transactions for $16.65 million activity. $107,427 worth of stock was sold by RAY MICHAEL CHARLES on Friday, May 5. 11,322 Western Digital Corp (NASDAQ:WDC) shares with value of $962,385 were sold by CORDANO MICHAEL D. Sivaram Srinivasan also sold $3.58M worth of Western Digital Corp (NASDAQ:WDC) on Thursday, May 4. Another trade for 13,295 shares valued at $1.16 million was sold by BHATIA MANISH H. LONG MARK P sold $271,664 worth of stock or 3,034 shares. Another trade for 21,410 shares valued at $1.86M was sold by DeMaria Jacqueline.

Among 16 analysts covering Apollo Global Management (NYSE:APO), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. Apollo Global Management had 48 analyst reports since July 30, 2015 according to SRatingsIntel. Argus Research maintained the shares of APO in report on Friday, August 12 with “Buy” rating. Jefferies maintained the stock with “Buy” rating in Wednesday, June 28 report. Deutsche Bank maintained the stock with “Hold” rating in Thursday, August 3 report. Deutsche Bank maintained the stock with “Hold” rating in Friday, January 8 report. The company was upgraded on Tuesday, February 7 by Bank of America. The company was maintained on Monday, September 4 by Keefe Bruyette & Woods. On Thursday, August 3 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The firm earned “Outperform” rating on Thursday, August 4 by Wood. Goldman Sachs initiated it with “Neutral” rating and $21 target in Tuesday, August 11 report. The stock of Apollo Global Management LLC (NYSE:APO) has “Hold” rating given on Thursday, December 10 by Jefferies.

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