Schroder Investment Management Group lifted its stake in shares of Tech Data Corp (NASDAQ:TECD) by 8,012.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 194,700 shares of the company’s stock after purchasing an additional 192,300 shares during the quarter. Schroder Investment Management Group owned 0.51% of Tech Data worth $19,075,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Tech Data during the 3rd quarter worth $201,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Tech Data during the 4th quarter worth $204,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Tech Data by 39.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,085 shares of the company’s stock worth $204,000 after purchasing an additional 595 shares in the last quarter. Creative Planning acquired a new stake in shares of Tech Data during the 4th quarter worth $205,000. Finally, Cipher Capital LP acquired a new stake in shares of Tech Data during the 3rd quarter worth $206,000. 99.27% of the stock is currently owned by institutional investors.
Shares of Tech Data Corp (TECD) opened at $102.48 on Friday. The firm has a market capitalization of $3,990.00, a PE ratio of 19.56, a P/E/G ratio of 0.44 and a beta of 0.69. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.35 and a quick ratio of 0.89. Tech Data Corp has a 12 month low of $81.42 and a 12 month high of $111.10.
Several analysts recently weighed in on the company. BidaskClub raised Tech Data from a “sell” rating to a “hold” rating in a research note on Saturday, February 17th. ValuEngine raised Tech Data from a “hold” rating to a “buy” rating in a research note on Wednesday, November 29th. Needham & Company LLC raised their price objective on Tech Data from $102.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, November 28th. Pivotal Research set a $114.00 price objective on Tech Data and gave the company a “buy” rating in a research note on Tuesday, November 28th. Finally, Raymond James Financial reaffirmed a “hold” rating on shares of Tech Data in a research note on Tuesday, November 28th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $112.33.
In related news, COO Richard T. Hume sold 3,100 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $98.06, for a total value of $303,986.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.
Tech Data Company Profile
Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its customers with logistics capabilities and services. It operates through the segment of distributing technology products, logistics management and other value-added services.
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