Tech Data (TECD) PT Set at $114.00 by Pivotal Research
Several other brokerages have also issued reports on TECD. Needham & Company LLC boosted their price target on shares of Tech Data from $100.00 to $102.00 and gave the company a buy rating in a report on Thursday, October 12th. Northcoast Research reissued a neutral rating on shares of Tech Data in a report on Monday, August 28th. Zacks Investment Research raised shares of Tech Data from a sell rating to a hold rating in a report on Thursday, October 26th. Citigroup reissued a hold rating and issued a $110.00 price target on shares of Tech Data in a report on Tuesday. Finally, Stifel Nicolaus decreased their price target on shares of Tech Data from $115.00 to $110.00 and set a buy rating for the company in a report on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $112.33.
Tech Data (NASDAQ:TECD) opened at $97.58 on Tuesday. Tech Data has a fifty-two week low of $81.42 and a fifty-two week high of $111.10. The stock has a market cap of $3,689.42, a price-to-earnings ratio of 12.00, a PEG ratio of 0.48 and a beta of 0.78. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.35 and a quick ratio of 0.94.
In related news, COO Richard T. Hume sold 3,100 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $98.06, for a total value of $303,986.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.60% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of TECD. SpiderRock Advisors LLC bought a new stake in Tech Data in the 3rd quarter valued at $106,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Tech Data by 15.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,490 shares of the company’s stock valued at $150,000 after acquiring an additional 195 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Tech Data in the 3rd quarter valued at $201,000. Cipher Capital LP bought a new stake in Tech Data during the 3rd quarter worth about $206,000. Finally, GSA Capital Partners LLP bought a new stake in Tech Data during the 3rd quarter worth about $212,000. 98.39% of the stock is currently owned by institutional investors and hedge funds.
About Tech Data
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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