Mutual of America Capital Management LLC raised its position in Tech Data Corp. (NASDAQ:TECD) by 1.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,862 shares of the company’s stock after buying an additional 446 shares during the period. Mutual of America Capital Management LLC owned 0.08% of Tech Data Corp. worth $2,275,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in TECD. FMR LLC raised its position in shares of Tech Data Corp. by 14.4% in the second quarter. FMR LLC now owns 4,077,520 shares of the company’s stock worth $292,970,000 after buying an additional 511,893 shares during the period. Emerald Acquisition Ltd. acquired a new position in shares of Tech Data Corp. during the second quarter worth about $32,170,000. Vanguard Group Inc. raised its position in shares of Tech Data Corp. by 10.4% in the second quarter. Vanguard Group Inc. now owns 3,525,069 shares of the company’s stock worth $253,276,000 after buying an additional 332,980 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Tech Data Corp. by 15.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,325,549 shares of the company’s stock worth $95,241,000 after buying an additional 173,424 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of Tech Data Corp. by 48.5% in the second quarter. Prudential Financial Inc. now owns 521,514 shares of the company’s stock worth $37,471,000 after buying an additional 170,305 shares during the period.

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

Tech Data Corp. (NASDAQ:TECD) traded down 0.93% during midday trading on Monday, reaching $85.83. The company’s stock had a trading volume of 422,191 shares. Tech Data Corp. has a 1-year low of $57.99 and a 1-year high of $89.36. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 13.94 and a beta of 0.87. The company’s 50-day moving average price is $80.22 and its 200-day moving average price is $77.73.

Tech Data Corp. (NASDAQ:TECD) last posted its quarterly earnings results on Tuesday, November 22nd. The company reported $1.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.18. The business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.36 billion. Tech Data Corp. had a return on equity of 10.51% and a net margin of 0.81%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.28 EPS. On average, analysts predict that Tech Data Corp. will post $5.95 earnings per share for the current fiscal year.

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A number of equities analysts recently weighed in on the stock. Bank of America Corp. upgraded shares of Tech Data Corp. from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $67.00 to $80.00 in a research report on Tuesday, August 30th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Tech Data Corp. from a “sell” rating to a “hold” rating in a research report on Monday, September 26th. Needham & Company LLC reiterated a “hold” rating on shares of Tech Data Corp. in a research report on Friday, August 26th. Stifel Nicolaus upgraded shares of Tech Data Corp. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $75.00 to $96.00 in a research report on Tuesday, September 20th. Finally, Citigroup Inc. lifted their price objective on shares of Tech Data Corp. from $59.00 to $80.00 and gave the company a “sell” rating in a research report on Thursday, September 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $94.67.

In related news, insider John A. Tonnison sold 2,515 shares of the company’s stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $86.52, for a total transaction of $217,597.80. Following the sale, the insider now directly owns 27,484 shares of the company’s stock, valued at approximately $2,377,915.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

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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