Hdfc Bank LTD (HDB) Holder Van Eck Associates Has Lifted Its Holding; S&T Bank Increases Holding in Western Digital (WDC)

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S&T Bank increased its stake in Western Digital Corp (WDC) by 80.06% based on its latest 2018Q3 regulatory filing with the SEC. S&T Bank bought 125,771 shares as the company’s stock declined 26.98% with the market. The institutional investor held 282,868 shares of the electronic components company at the end of 2018Q3, valued at $16.56 million, up from 157,097 at the end of the previous reported quarter. S&T Bank who had been investing in Western Digital Corp for a number of months, seems to be bullish on the $13.94 billion market cap company. The stock increased 1.38% or $0.65 during the last trading session, reaching $47.91. About 4.84M shares traded. Western Digital Corporation (NASDAQ:WDC) has declined 46.83% since February 13, 2018 and is downtrending. It has underperformed by 46.83% the S&P500. Some Historical WDC News: 14/05/2018 – Western Digital Presenting at JPMorgan Conference Tomorrow; 15/05/2018 – WESTERN DIGITAL – NEW TERM LOANS HAVE SAME REMAINING TENOR AS PREVIOUS U.S. DOLLAR-DENOMINATED TERM B LOANS AND MATURE ON APRIL 29, 2023; 26/04/2018 – Western Digital 3Q Adj EPS $3.63; 16/05/2018 – Western Digital Closes Above 200-Day Moving Average: Technicals; 03/04/2018 – Western Digital Enables the Evolution of Modern Workflows at NAB 2018; 10/05/2018 – Western Digital Presenting at JPMorgan Conference May 15

Van Eck Associates Corp increased its stake in Hdfc Bank Ltd (HDB) by 3% based on its latest 2018Q3 regulatory filing with the SEC. Van Eck Associates Corp bought 16,700 shares as the company’s stock declined 1.59% with the market. The institutional investor held 572,804 shares of the commercial banks company at the end of 2018Q3, valued at $53.90M, up from 556,104 at the end of the previous reported quarter. Van Eck Associates Corp who had been investing in Hdfc Bank Ltd for a number of months, seems to be bullish on the $81.63 billion market cap company. The stock decreased 0.78% or $0.8 during the last trading session, reaching $101.19. About 480,441 shares traded. HDFC Bank Limited (NYSE:HDB) has risen 0.29% since February 13, 2018 and is uptrending. It has outperformed by 0.29% the S&P500. Some Historical HDB News: 26/03/2018 – Economic Times: HDFC Bank may enter overseas bond sale business; 03/04/2018 – HDFC EXPECTS TO REPORT INR3B PROFIT ON INVESTMENT SALE IN 4Q; 08/03/2018 – HDFC BANK IS SAID TO ALSO CHOOSE EDELWEISS, IIFL, JM FINANCIAL; 18/04/2018 – INDIA’S HDFC STANDARD LIFE INSURANCE COMPANY LTD HDFS.NS – MARCH QTR PAT 3.47 BLN RUPEES VS PROFIT 2.47 BLN RUPEES YR AGO; 24/04/2018 – HDFC TO CONSIDER INCREASE IN BORROWING POWERS IN APRIL 30 MEET; 03/04/2018 – HDFC SAYS 4Q INCOME FROM DIVIDEND TO BE INR3.31B VS 2.23B Y/Y; 21/04/2018 – INDIA’S HDFC BANK LTD HDBK.NS – MARCH QUARTER NET PROFIT 47.99 BILLION RUPEES VERSUS NET PROFIT OF 39.90 BILLION RUPEES YEAR AGO; 27/03/2018 – MEDIA-India’s Can Fin Homes’ board picks Baring Private Equity Asia over HDFC to sell business – Economic Times; 05/03/2018 Indian mortgage lender HDFC raises $291 mln from share sale; 09/04/2018 – HDFC: REVISION IN RETAIL PRIME LENDING RATE

Among 40 analysts covering Western Digital (NASDAQ:WDC), 21 have Buy rating, 2 Sell and 17 Hold. Therefore 53% are positive. Western Digital had 197 analyst reports since July 23, 2015 according to SRatingsIntel. The company was maintained on Wednesday, December 19 by Morgan Stanley. The rating was maintained by Goldman Sachs on Monday, June 6 with “Neutral”. The rating was maintained by Cowen & Co with “Buy” on Friday, October 27. The firm has “Hold” rating by Craig Hallum given on Friday, October 26. Susquehanna downgraded the shares of WDC in report on Tuesday, November 20 to “Neutral” rating. The firm earned “Buy” rating on Friday, July 28 by Maxim Group. The firm has “Hold” rating given on Thursday, October 5 by Deutsche Bank. As per Tuesday, April 26, the company rating was initiated by BTIG Research. Loop Capital downgraded Western Digital Corporation (NASDAQ:WDC) on Monday, October 29 to “Hold” rating. The company was upgraded on Thursday, January 5 by BMO Capital Markets.

More notable recent Western Digital Corporation (NASDAQ:WDC) news were published by: Nasdaq.com which released: “Technology Sector Update for 01/14/2019: CAMT,MAXR,WDC – Nasdaq” on January 14, 2019, also Nasdaq.com with their article: “Western Digital’s Dividend Isn’t as Safe as It Looks – Nasdaq” published on January 14, 2019, Nasdaq.com published: “Western Digital (WDC) Q2 Earnings, Revenues Lag Estimates – Nasdaq” on January 25, 2019. More interesting news about Western Digital Corporation (NASDAQ:WDC) were released by: Nasdaq.com and their article: “Nasdaq 100 Movers: NVDA, WDC – Nasdaq” published on January 28, 2019 as well as Nasdaq.com‘s news article titled: “Friday Sector Leaders: Energy, Technology & Communications – Nasdaq” with publication date: January 25, 2019.

Since November 2, 2018, it had 0 insider purchases, and 1 insider sale for $80,148 activity.

Investors sentiment decreased to 1.1 in Q3 2018. Its down 0.15, from 1.25 in 2018Q2. It dropped, as 93 investors sold WDC shares while 169 reduced holdings. 69 funds opened positions while 220 raised stakes. 235.05 million shares or 0.29% more from 234.39 million shares in 2018Q2 were reported. Walleye Trading Lc invested 0.04% in Western Digital Corporation (NASDAQ:WDC). Envestnet Asset Mgmt Incorporated has 0.01% invested in Western Digital Corporation (NASDAQ:WDC) for 77,169 shares. Country Tru Bank owns 2 shares for 0% of their portfolio. 25.73M are owned by Blackrock Incorporated. Credit Suisse Ag stated it has 630,859 shares. Livingston Gru Asset Management (Operating As Southport Management) has 1,300 shares for 0.03% of their portfolio. Mutual Of Omaha Savings Bank Wealth Mgmt holds 6,000 shares or 0.1% of its portfolio. Schwab Charles Inv Management Incorporated reported 1.43M shares. Advent Capital Mgmt De invested in 0.02% or 20,000 shares. Northcoast Asset Ltd Liability reported 0.08% in Western Digital Corporation (NASDAQ:WDC). Earnest Partners Lc holds 132 shares. Alphamark Ltd invested in 150 shares. Profund Advsr Ltd Liability Corp reported 26,362 shares stake. Manitoba – Canada-based Great West Life Assurance Can has invested 0.08% in Western Digital Corporation (NASDAQ:WDC). Commonwealth Savings Bank Of holds 0.03% or 45,158 shares.

S&T Bank, which manages about $535.55 million US Long portfolio, decreased its stake in American Eagle Outfitters (NYSE:AEO) by 230,054 shares to 352,107 shares, valued at $8.74 million in 2018Q3, according to the filing. It also reduced its holding in Web Com Group Inc (NASDAQ:WWWW) by 213,377 shares in the quarter, leaving it with 200,372 shares, and cut its stake in Myriad Genetics Inc (NASDAQ:MYGN).

Van Eck Associates Corp, which manages about $30.53B and $20.50 billion US Long portfolio, decreased its stake in Qorvo Inc by 20,659 shares to 183,969 shares, valued at $14.15M in 2018Q3, according to the filing. It also reduced its holding in Agnc Investment Corp by 48,372 shares in the quarter, leaving it with 598,079 shares, and cut its stake in Bunge Ltd (NYSE:BG).

Among 3 analysts covering HDFC Bank Limited (NYSE:HDB), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. HDFC Bank Limited had 5 analyst reports since August 27, 2015 according to SRatingsIntel. Zacks downgraded HDFC Bank Limited (NYSE:HDB) on Thursday, August 27 to “Hold” rating. The firm has “Equal-Weight” rating given on Tuesday, March 21 by Morgan Stanley. As per Wednesday, September 14, the company rating was maintained by Goldman Sachs. The rating was upgraded by Zacks to “Hold” on Monday, September 21. The stock of HDFC Bank Limited (NYSE:HDB) earned “Sell” rating by Zacks on Wednesday, September 2.

Western Digital Corporation (NASDAQ:WDC) Institutional Positions Chart