Tech Data Corp. (NASDAQ:TECD) insider John A. Tonnison sold 2,515 shares of Tech Data Corp. stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $86.52, for a total transaction of $217,597.80. Following the completion of the sale, the insider now owns 27,484 shares of the company’s stock, valued at approximately $2,377,915.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Tech Data Corp. (NASDAQ:TECD) opened at 85.01 on Wednesday. The firm has a 50-day moving average of $80.22 and a 200 day moving average of $77.73. Tech Data Corp. has a 12-month low of $57.99 and a 12-month high of $89.36. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 14.14 and a beta of 0.87.

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

Insider Buying and Selling by Quarter for Tech Data Corp. (NASDAQ:TECD)

COPYRIGHT VIOLATION NOTICE: “John A. Tonnison Sells 2,515 Shares of Tech Data Corp. (TECD) Stock” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another website, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be read at https://www.thecerbatgem.com/2016/11/30/john-a-tonnison-sells-2515-shares-of-tech-data-corp-tecd-stock.html.

Several analysts have weighed in on TECD shares. Bank of America Corp. upgraded shares of Tech Data Corp. from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Tuesday, September 20th. upgraded shares of Tech Data Corp. from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $76.00 to $102.00 in a research note on Tuesday, September 20th. Stifel Nicolaus upgraded shares of Tech Data Corp. from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $75.00 to $96.00 in a research note on Tuesday, September 20th. Brean Capital reiterated a “buy” rating and issued a $105.00 price objective (up previously from $82.00) on shares of Tech Data Corp. in a research note on Thursday, September 22nd. Finally, Zacks Investment Research upgraded shares of Tech Data Corp. from a “sell” rating to a “hold” rating in a research note on Monday, September 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Tech Data Corp. currently has an average rating of “Hold” and an average price target of $94.67.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC boosted its position in Tech Data Corp. by 14.4% in the second quarter. FMR LLC now owns 4,077,520 shares of the company’s stock valued at $292,970,000 after buying an additional 511,893 shares during the period. Vanguard Group Inc. boosted its position in Tech Data Corp. by 10.4% in the second quarter. Vanguard Group Inc. now owns 3,525,069 shares of the company’s stock valued at $253,276,000 after buying an additional 332,980 shares during the period. BlackRock Fund Advisors boosted its position in Tech Data Corp. by 6.2% in the third quarter. BlackRock Fund Advisors now owns 1,868,825 shares of the company’s stock valued at $158,308,000 after buying an additional 109,686 shares during the period. AQR Capital Management LLC boosted its position in Tech Data Corp. by 8.8% in the second quarter. AQR Capital Management LLC now owns 1,599,891 shares of the company’s stock valued at $114,952,000 after buying an additional 129,700 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its position in 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 valued at $95,241,000 after buying an additional 173,424 shares during the period.

About Tech Data Corp.

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

Receive News & Stock Ratings for Tech Data Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tech Data Corp. and related stocks with our FREE daily email newsletter.