WINTON GROUP Ltd raised its position in Tech Data Corporation (NASDAQ:TECD) by 87.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,316 shares of the company’s stock after buying an additional 21,136 shares during the period. WINTON GROUP Ltd owned 0.12% of Tech Data Corporation worth $4,577,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Tech Data Corporation by 24.1% in the second quarter. BlackRock Inc. now owns 4,780,405 shares of the company’s stock valued at $482,820,000 after buying an additional 927,770 shares in the last quarter. Vanguard Group Inc. boosted its position in Tech Data Corporation by 2.6% in the second quarter. Vanguard Group Inc. now owns 3,834,033 shares of the company’s stock valued at $387,237,000 after buying an additional 95,414 shares in the last quarter. State Street Corp boosted its position in Tech Data Corporation by 3.7% in the second quarter. State Street Corp now owns 1,269,882 shares of the company’s stock valued at $128,258,000 after buying an additional 44,944 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Tech Data Corporation by 37.5% in the second quarter. JPMorgan Chase & Co. now owns 785,299 shares of the company’s stock valued at $79,316,000 after buying an additional 214,058 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Tech Data Corporation by 13.7% in the second quarter. Bank of New York Mellon Corp now owns 780,356 shares of the company’s stock valued at $78,816,000 after buying an additional 94,072 shares in the last quarter.

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Shares of Tech Data Corporation (TECD) traded down 0.29% during trading on Tuesday, hitting $92.58. 51,105 shares of the stock were exchanged. Tech Data Corporation has a 52 week low of $74.07 and a 52 week high of $111.10. The firm has a market capitalization of $3.53 billion, a P/E ratio of 17.57 and a beta of 0.78. The firm has a 50 day moving average price of $90.59 and a 200 day moving average price of $97.00.

Tech Data Corporation (NASDAQ:TECD) last released its earnings results on Thursday, August 31st. The company reported $1.74 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.32). Tech Data Corporation had a net margin of 0.63% and a return on equity of 11.60%. The firm had revenue of $8.88 billion during the quarter, compared to the consensus estimate of $8.74 billion. During the same period in the prior year, the business earned $1.42 earnings per share. Tech Data Corporation’s quarterly revenue was up 39.8% compared to the same quarter last year. Analysts forecast that Tech Data Corporation will post $8.94 EPS for the current fiscal year.

A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Tech Data Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. BidaskClub lowered shares of Tech Data Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Needham & Company LLC boosted their price target on shares of Tech Data Corporation from $100.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, October 12th. ValuEngine upgraded shares of Tech Data Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Loop Capital assumed coverage on shares of Tech Data Corporation in a research report on Thursday, August 24th. They issued a “buy” rating and a $130.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Tech Data Corporation currently has a consensus rating of “Buy” and an average price target of $109.33.

Tech Data Corporation 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.

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

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