Bank of New York Mellon Corp cut its position in shares of Tech Data Corp (NASDAQ:TECD) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 910,691 shares of the company’s stock after selling 16,535 shares during the quarter. Bank of New York Mellon Corp’s holdings in Tech Data were worth $74,504,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TECD. First Trust Advisors LP increased its stake in Tech Data by 14.3% in the 3rd quarter. First Trust Advisors LP now owns 29,529 shares of the company’s stock valued at $2,113,000 after buying an additional 3,696 shares during the period. American Century Companies Inc. increased its stake in Tech Data by 21.0% in the 3rd quarter. American Century Companies Inc. now owns 284,270 shares of the company’s stock valued at $20,345,000 after buying an additional 49,302 shares during the period. Virginia Retirement Systems ET AL increased its stake in Tech Data by 7.4% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 14,500 shares of the company’s stock valued at $1,038,000 after buying an additional 1,000 shares during the period. LSV Asset Management increased its stake in Tech Data by 5.7% in the 3rd quarter. LSV Asset Management now owns 1,773,117 shares of the company’s stock valued at $126,901,000 after buying an additional 95,400 shares during the period. Finally, SG Americas Securities LLC increased its stake in Tech Data by 124.9% in the 3rd quarter. SG Americas Securities LLC now owns 17,543 shares of the company’s stock valued at $1,256,000 after buying an additional 9,741 shares during the period. Institutional investors and hedge funds own 97.09% of the company’s stock.

In related news, CFO Charles V. Dannewitz sold 5,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $100.34, for a total value of $501,700.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert M. Dutkowsky sold 10,000 shares of the business’s stock in a transaction dated Friday, January 11th. The stock was sold at an average price of $91.02, for a total transaction of $910,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,725 shares of company stock worth $2,167,307. Corporate insiders own 1.10% of the company’s stock.

NASDAQ:TECD opened at $101.94 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.86 and a current ratio of 1.24. Tech Data Corp has a fifty-two week low of $66.93 and a fifty-two week high of $108.29. The firm has a market cap of $3.77 billion, a PE ratio of 8.96, a P/E/G ratio of 3.95 and a beta of 0.96.

Tech Data (NASDAQ:TECD) last posted its quarterly earnings results on Thursday, March 7th. The company reported $4.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.03 by $0.52. Tech Data had a net margin of 0.91% and a return on equity of 15.17%. The business had revenue of $10.47 billion for the quarter, compared to analysts’ expectations of $10.63 billion. During the same period in the prior year, the company posted $3.50 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities research analysts expect that Tech Data Corp will post 11.72 earnings per share for the current fiscal year.

Several equities analysts have issued reports on the stock. BidaskClub cut shares of Tech Data from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research cut shares of Tech Data from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. TheStreet raised shares of Tech Data from a “c+” rating to a “b-” rating in a research note on Thursday, December 13th. Needham & Company LLC boosted their price objective on shares of Tech Data to $110.00 and gave the company a “buy” rating in a research note on Friday, November 30th. Finally, ValuEngine raised shares of Tech Data from a “sell” rating to a “hold” rating in a research note on Friday, November 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $97.60.

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About Tech Data

Tech Data Corporation engages in the wholesale distribution of technology products. It offers endpoint portfolio solutions, including PC systems, mobile phones and accessories, printers, peripherals, supplies, endpoint technology software, and consumer electronics; and advanced portfolio solutions, such as storage, networking, servers, advanced technology software, and converged and hyper-converged infrastructure, as well as specialized solutions.

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

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