Macquarie Group Ltd. boosted its stake in shares of Tech Data Corp. (NASDAQ:TECD) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 667,822 shares of the company’s stock after buying an additional 18,286 shares during the period. Macquarie Group Ltd. owned about 1.90% of Tech Data Corp. worth $47,983,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TECD. Weaver C. Barksdale & Associates Inc. increased its stake in Tech Data Corp. by 7.2% in the second quarter. Weaver C. Barksdale & Associates Inc. now owns 1,473 shares of the company’s stock valued at $106,000 after buying an additional 99 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of Tech Data Corp. by 71.9% in the second quarter. LS Investment Advisors LLC now owns 2,102 shares of the company’s stock worth $151,000 after buying an additional 879 shares in the last quarter. Acrospire Investment Management LLC increased its position in shares of Tech Data Corp. by 3.9% in the second quarter. Acrospire Investment Management LLC now owns 2,694 shares of the company’s stock worth $194,000 after buying an additional 100 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Tech Data Corp. during the second quarter worth approximately $208,000. Finally, Fuller & Thaler Asset Management Inc. increased its position in shares of Tech Data Corp. by 18.5% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 3,200 shares of the company’s stock worth $230,000 after buying an additional 500 shares in the last quarter.

Institutional Ownership by Quarter for Tech Data Corp. (NASDAQ:TECD)

Shares of Tech Data Corp. (NASDAQ:TECD) traded down 0.62% during midday trading on Friday, reaching $83.32. The company had a trading volume of 518,620 shares. The stock has a market capitalization of $2.93 billion, a PE ratio of 13.53 and a beta of 0.87. The company’s 50 day moving average price is $80.14 and its 200 day moving average price is $76.64. Tech Data Corp. has a 52-week low of $57.99 and a 52-week high of $88.70.

Tech Data Corp. (NASDAQ:TECD) last announced its earnings results on Thursday, August 25th. The company reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by $0.01. Tech Data Corp. had a net margin of 0.83% and a return on equity of 10.39%. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.63 billion. During the same quarter last year, the business earned $1.43 earnings per share. The business’s revenue was down 3.4% compared to the same quarter last year. Equities research analysts expect that Tech Data Corp. will post $5.94 earnings per share for the current year.

A number of brokerages have commented on TECD. Zacks Investment Research downgraded shares of Tech Data Corp. from a “hold” rating to a “sell” rating in a report on Friday, November 4th. Citigroup Inc. boosted their target price on shares of Tech Data Corp. from $59.00 to $80.00 and gave the stock a “sell” rating in a report on Thursday, September 22nd. Bank of America Corp. upgraded shares of Tech Data Corp. from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $67.00 to $80.00 in a report on Tuesday, August 30th. They noted that the move was a valuation call. Needham & Company LLC reiterated a “hold” rating on shares of Tech Data Corp. in a report on Friday, August 26th. Finally, Stifel Nicolaus upgraded shares of Tech Data Corp. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $75.00 to $96.00 in a report on Tuesday, September 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $90.87.

Tech Data Corp. 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.

5 Day Chart for NASDAQ:TECD

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