Strs Ohio grew its stake in shares of Tech Data Corporation (NASDAQ:TECD) by 5.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,700 shares of the company’s stock after purchasing an additional 900 shares during the period. Strs Ohio’s holdings in Tech Data Corporation were worth $1,483,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Prudential Financial Inc. grew its position in shares of Tech Data Corporation by 30.2% during the 2nd quarter. Prudential Financial Inc. now owns 381,747 shares of the company’s stock valued at $38,557,000 after acquiring an additional 88,598 shares during the period. JPMorgan Chase & Co. boosted its holdings in Tech Data Corporation by 37.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 785,299 shares of the company’s stock worth $79,316,000 after buying an additional 214,058 shares during the period. Capital One National Association boosted its holdings in Tech Data Corporation by 0.3% in the 2nd quarter. Capital One National Association now owns 13,690 shares of the company’s stock worth $1,383,000 after buying an additional 47 shares during the period. Geneva Advisors LLC bought a new position in Tech Data Corporation in the 2nd quarter worth approximately $606,000. Finally, State of Tennessee Treasury Department boosted its holdings in Tech Data Corporation by 40.8% in the 2nd quarter. State of Tennessee Treasury Department now owns 98,593 shares of the company’s stock worth $9,958,000 after buying an additional 28,593 shares during the period.

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

Several research firms recently commented on TECD. Citigroup Inc. reaffirmed a “hold” rating and issued a $100.00 price objective on shares of Tech Data Corporation in a report on Friday, September 1st. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target (down from $107.00) on shares of Tech Data Corporation in a report on Monday, September 18th. Loop Capital reissued a “buy” rating and issued a $120.00 price target (down from $130.00) on shares of Tech Data Corporation in a report on Friday, September 1st. Zacks Investment Research downgraded shares of Tech Data Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 4th. Finally, BidaskClub downgraded shares of Tech Data Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $109.33.

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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.

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

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