Western Digital: Major Institutional Shareholders Starting Q3 Investment

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of Western Digital Corp. (NYSE:WDC).

SEC data indicate that these institutions significantly increased their stock shares of Western Digital Corp. in Q3 2011:

  • MORGAN STANLEY: On 06/30/2011, held 0 shares. On 09/30/2011, held 2,415,875 shares, worth $62,136,305.
  • SOUND SHORE MANAGEMENT INC /CT/: On 06/30/2011, held 0 shares. On 09/30/2011, held 1,382,915 shares, worth $35,568,574.
  • HUSSMAN ECONOMETRICS ADVISORS, INC.: On 06/30/2011, held 0 shares. On 09/30/2011, held 675,000 shares, worth $17,361,000.
  • HANCOCK HOLDING CO: On 06/30/2011, held 0 shares. On 09/30/2011, held 232,304 shares, worth $5,974,859.

About the company: Western Digital Corporation designs and manufactures hard drives for desktop computers and home entertainment applications.

Competitors to Watch: Seagate Technology PLC (NASDAQ:STX), EMC Corporation (NYSE:EMC), STEC, Inc. (NASDAQ:STEC), SanDisk Corporation (NASDAQ:SNDK), Dot Hill Systems Corp. (NASDAQ:HILL), Overland Storage, Inc. (NASDAQ:OVRL), Hutchinson Technology Inc. (NASDAQ:HTCH), Quantum Corporation (NYSE:QTM), ADPT Corporation (ADPT), and OCZ Technology Group Inc. (NASDAQ:OCZ).

(Note: Data regarding Western Digital Corp.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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