Prudential Financial Inc. trimmed its stake in Tech Data Corporation (NASDAQ:TECD) by 11.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 337,567 shares of the company’s stock after selling 44,180 shares during the period. Prudential Financial Inc. owned 0.88% of Tech Data Corporation worth $29,992,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. SpiderRock Advisors LLC bought a new position in shares of Tech Data Corporation during the 3rd quarter valued at about $106,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Tech Data Corporation by 15.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,490 shares of the company’s stock valued at $150,000 after buying an additional 195 shares in the last quarter. Parametrica Management Ltd purchased a new stake in shares of Tech Data Corporation during the 3rd quarter valued at about $217,000. Nomura Asset Management Co. Ltd. raised its position in shares of Tech Data Corporation by 3.4% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 2,460 shares of the company’s stock valued at $231,000 after buying an additional 80 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its position in shares of Tech Data Corporation by 78.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,497 shares of the company’s stock valued at $252,000 after buying an additional 1,097 shares in the last quarter.

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TECD has been the topic of a number of recent analyst reports. raised shares of Tech Data Corporation from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 5th. lowered shares of Tech Data Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. Citigroup Inc. reissued a “hold” rating and issued a $100.00 price objective on shares of Tech Data Corporation in a research report on Friday, September 1st. reduced their price objective on shares of Tech Data Corporation from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, September 1st. Finally, reissued a “buy” rating and issued a $120.00 price objective (down from $130.00) on shares of Tech Data Corporation in a research report on Friday, September 1st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $109.33.

Tech Data Corporation (NASDAQ:TECD) opened at $89.82 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.94 and a current ratio of 1.34. Tech Data Corporation has a one year low of $78.46 and a one year high of $111.10. The stock has a market cap of $3,450.97, a P/E ratio of 12.06, a PEG ratio of 0.47 and a beta of 0.77.

Tech Data Corporation (NASDAQ:TECD) last released its quarterly earnings data on Thursday, August 31st. The company reported $1.74 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $8.88 billion for the quarter, compared to the consensus estimate of $8.74 billion. During the same quarter in the prior year, the business posted $1.42 earnings per share. Tech Data Corporation’s revenue for the quarter was up 39.8% on a year-over-year basis. analysts predict that Tech Data Corporation will post 9.08 EPS for the current year.

Tech Data Corporation 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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