Wells Fargo Positive On Western Digital (WDC) with $115.0 Target; BIO-TECHNE (TECH) Had 5 Bulls

November 15, 2017 - By Winifred Garcia

Among 35 analysts covering Western Digital (NASDAQ:WDC), 24 have Buy rating, 1 Sell and 10 Hold. Therefore 69% are positive. Western Digital has $140 highest and $39 lowest target. $104.80’s average target is 14.44% above currents $91.58 stock price. Western Digital had 140 analyst reports since July 23, 2015 according to SRatingsIntel. As per Friday, May 13, the company rating was downgraded by Bank of America. The company was maintained on Thursday, September 8 by Mizuho. The company was maintained on Friday, June 2 by Jefferies. The rating was initiated by Wells Fargo with “Outperform” on Thursday, August 27. Benchmark maintained the shares of WDC in report on Friday, October 27 with “Buy” rating. The firm has “Buy” rating given on Friday, July 28 by BTIG Research. Mizuho maintained it with “Neutral” rating and $51.0 target in Tuesday, January 19 report. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, January 31 report. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, October 10. The firm earned “Buy” rating on Monday, June 26 by BMO Capital Markets.

Among 9 analysts covering BIO-TECHNE Corp (NASDAQ:TECH), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. BIO-TECHNE Corp had 17 analyst reports since August 18, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Tuesday, September 1 by Zacks. The stock of BIO-TECHNE Corp (NASDAQ:TECH) earned “Buy” rating by Robert W. Baird on Tuesday, October 31. The stock of BIO-TECHNE Corp (NASDAQ:TECH) earned “Buy” rating by Deutsche Bank on Wednesday, August 9. On Thursday, February 9 the stock rating was initiated by Citigroup with “Buy”. Janney Capital upgraded the stock to “Buy” rating in Tuesday, May 3 report. The firm earned “Outperform” rating on Thursday, November 10 by Leerink Swann. The firm has “Hold” rating by Zacks given on Tuesday, September 22. The rating was upgraded by Zacks on Tuesday, August 18 to “Sell”. The stock of BIO-TECHNE Corp (NASDAQ:TECH) has “Hold” rating given on Thursday, July 13 by Wells Fargo. The rating was maintained by Robert W. Baird on Monday, October 23 with “Buy”. See BIO-TECHNE Corp (NASDAQ:TECH) latest ratings:

31/10/2017 Broker: Robert W. Baird Rating: Buy New Target: $140.0 Maintain
23/10/2017 Broker: Robert W. Baird Rating: Buy New Target: $126.0 Maintain
24/10/2017 Broker: Citigroup Rating: Buy New Target: $145.0
30/08/2017 Broker: Deutsche Bank Rating: Buy New Target: $132.0
09/08/2017 Broker: Deutsche Bank Rating: Buy Old Target: $130 New Target: $132 Maintain
13/07/2017 Broker: Wells Fargo Rating: Hold New Target: $110.0000 Initiate

Since May 18, 2017, it had 0 insider purchases, and 2 selling transactions for $1.01 million activity. $612,625 worth of Western Digital Corp (NASDAQ:WDC) shares were sold by BHATIA MANISH H. RAY MICHAEL CHARLES also sold $48,365 worth of Western Digital Corp (NASDAQ:WDC) shares. 11,322 shares were sold by CORDANO MICHAEL D, worth $962,385.

It closed at $91.58 lastly. It is down 125.85% since November 15, 2016 and is uptrending. It has outperformed by 109.15% the S&P500.

Investors sentiment increased to 1.12 in Q2 2017. Its up 0.11, from 1.01 in 2017Q1. It is positive, as 41 investors sold Western Digital Corp 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. Iridian Asset Limited Liability Ct reported 5.64M shares. Dorsey And Whitney Trust Limited Liability has invested 0.09% in Western Digital Corp (NASDAQ:WDC). Moreover, Manning And Napier Advsr Ltd Liability Company has 0.04% invested in Western Digital Corp (NASDAQ:WDC). Howe Rusling holds 0.01% of its portfolio in Western Digital Corp (NASDAQ:WDC) for 670 shares. Rafferty Asset Ltd Liability invested in 16,418 shares. Wellington Shields Capital Management Ltd Limited Liability Company has invested 0.19% in Western Digital Corp (NASDAQ:WDC). Retail Bank Of New York Mellon Corp invested in 2.68M shares or 0.07% of the stock. Lyon Street Capital Limited Co stated it has 39,186 shares or 1.4% of all its holdings. Everence stated it has 4,475 shares. Moreover, Pacad Investment has 0.23% invested in Western Digital Corp (NASDAQ:WDC). Boston Prtn has 0.12% invested in Western Digital Corp (NASDAQ:WDC). Jaffetilchin Inv Partners Limited Liability stated it has 0.25% of its portfolio in Western Digital Corp (NASDAQ:WDC). Hightower Ltd holds 0.05% of its portfolio in Western Digital Corp (NASDAQ:WDC) for 67,493 shares. Miller Howard Investments Incorporated New York owns 588,318 shares. State Teachers Retirement has 464,936 shares.

Analysts await Western Digital Corp (NASDAQ:WDC) to report earnings on January, 24. They expect $3.36 EPS, up 69.70% or $1.38 from last year’s $1.98 per share. WDC’s profit will be $991.71M for 6.81 P/E if the $3.36 EPS becomes a reality. After $3.28 actual EPS reported by Western Digital Corp for the previous quarter, Wall Street now forecasts 2.44% EPS growth.

Western Digital Corporation is a developer, maker and well-known provider of data storage devices and solutions that address the needs of the information technology (IT) industry and the infrastructure that enables the proliferation of data in virtually every industry. The company has market cap of $27.03 billion. The Company’s portfolio of offerings addresses three categories: Datacenter Devices and Solutions (capacity and performance enterprise hard disk drives (HDDs), enterprise solid state drives (SSDs), datacenter software and system solutions); Client Devices (mobile, desktop, gaming and digital video hard drives, client SSDs, embedded products and wafers), and Client Solutions (removable products, hard drive content solutions and flash content solutions). It has a 19.12 P/E ratio.

It closed at $125.22 lastly. It is down 6.75% since November 15, 2016 and is uptrending. It has underperformed by 9.95% the S&P500.

Investors sentiment increased to 1.44 in 2017 Q2. Its up 0.19, from 1.25 in 2017Q1. It is positive, as 18 investors sold BIO-TECHNE Corp shares while 78 reduced holdings. 40 funds opened positions while 98 raised stakes. 36.66 million shares or 2.40% more from 35.80 million shares in 2017Q1 were reported. Snyder Capital Mgmt Lp has 0.15% invested in BIO-TECHNE Corp (NASDAQ:TECH) for 23,484 shares. 42,925 are held by Stone Run Cap Limited Co. Louisiana State Employees Retirement holds 0.06% or 9,700 shares in its portfolio. The Virginia-based Virginia Retirement System Et Al has invested 0.03% in BIO-TECHNE Corp (NASDAQ:TECH). Northwestern Mutual Wealth Mngmt Co has invested 0% in BIO-TECHNE Corp (NASDAQ:TECH). State Common Retirement Fund owns 476,739 shares. Amer Gp stated it has 76,426 shares. Glenmede Trust Na accumulated 2,421 shares or 0% of the stock. Moreover, Southeast Asset has 0.35% invested in BIO-TECHNE Corp (NASDAQ:TECH) for 9,090 shares. Aperio Grp Inc Limited Liability Com has 27,758 shares. State Treasurer State Of Michigan holds 0.01% or 15,400 shares. Stifel Financial Corp holds 0% in BIO-TECHNE Corp (NASDAQ:TECH) or 9,103 shares. 2.15M are owned by Brown Management Lc. First Bancorp Of Omaha holds 0.17% or 29,130 shares. Ameriprise Inc accumulated 0.01% or 206,099 shares.

Bio-Techne Corporation develops, manufactures and sells biotechnology reagents and instruments for the research and clinical diagnostic markets. The company has market cap of $4.69 billion. The Firm operates through three divisions: Biotechnology, Clinical Controls and Protein Platforms. It has a 62.15 P/E ratio. The Biotechnology segment develops, makes and sells biotechnology research and diagnostic products, such as cytokines, growth factors, immunoassays, antibodies and related reagents, across the world.

Since May 22, 2017, it had 0 buys, and 4 sales for $1.24 million activity. Shares for $556,862 were sold by Dinarello Charles A. Another trade for 5,000 shares valued at $555,773 was made by HOLBROOK KAREN A on Thursday, May 25. Another trade for 1,059 shares valued at $116,505 was made by LUCAS ROGER C on Monday, May 22.

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