Virginia Retirement Systems ET AL increased its position in Tech Data Corporation (NASDAQ:TECD) by 102.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,800 shares of the company’s stock after buying an additional 7,500 shares during the period. Virginia Retirement Systems ET AL’s holdings in Tech Data Corporation were worth $1,495,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TECD. Creative Planning boosted its position in shares of Tech Data Corporation by 6.3% in the first quarter. Creative Planning now owns 2,017 shares of the company’s stock worth $189,000 after buying an additional 120 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Tech Data Corporation by 1.6% in the first quarter. Bank of Montreal Can now owns 3,038 shares of the company’s stock worth $286,000 after buying an additional 48 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of Tech Data Corporation by 7.0% in the first quarter. Capstone Asset Management Co. now owns 5,653 shares of the company’s stock worth $531,000 after buying an additional 370 shares in the last quarter. Glen Harbor Capital Management LLC boosted its position in shares of Tech Data Corporation by 1.8% in the first quarter. Glen Harbor Capital Management LLC now owns 1,276 shares of the company’s stock worth $120,000 after buying an additional 22 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Tech Data Corporation by 1.6% in the first quarter. Oregon Public Employees Retirement Fund now owns 12,399 shares of the company’s stock worth $1,164,000 after buying an additional 200 shares in the last quarter.

Shares of Tech Data Corporation (NASDAQ:TECD) opened at 110.29 on Friday. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 20.58 and a beta of 0.79. Tech Data Corporation has a 12 month low of $67.67 and a 12 month high of $110.81. The firm’s 50-day moving average price is $104.68 and its 200-day moving average price is $97.49.

Tech Data Corporation (NASDAQ:TECD) last released its quarterly earnings data on Thursday, August 31st. The company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by $0.32. The company had revenue of $8.88 billion during the quarter, compared to the consensus estimate of $8.74 billion. Tech Data Corporation had a net margin of 0.69% and a return on equity of 11.67%. The company’s revenue for the quarter was up 39.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.42 EPS. On average, equities analysts anticipate that Tech Data Corporation will post $9.80 earnings per share for the current year.

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A number of equities analysts recently weighed in on TECD shares. Zacks Investment Research raised Tech Data Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Bank of America Corporation reissued a “buy” rating and issued a $110.00 price target on shares of Tech Data Corporation in a research note on Thursday, June 1st. Citigroup Inc. raised Tech Data Corporation from a “sell” rating to a “neutral” rating and set a $115.00 price target on the stock in a research note on Friday, June 2nd. BidaskClub cut Tech Data Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 15th. Finally, Loop Capital started coverage on Tech Data Corporation in a research note on Thursday, August 24th. They issued a “buy” rating and a $130.00 price target on the stock. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $108.63.

In related news, CEO Robert M. Dutkowsky sold 20,000 shares of the company’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $100.08, for a total value of $2,001,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Alain Amsellem sold 1,648 shares of the company’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $106.31, for a total value of $175,198.88. Following the completion of the sale, the chief financial officer now owns 26,479 shares of the company’s stock, valued at approximately $2,814,982.49. The disclosure for this sale can be found here. Insiders sold 34,888 shares of company stock valued at $3,519,704 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

About Tech Data Corporation

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

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