Tactive Advisors LLC bought a new stake in Teradata Corporation (NYSE:TDC – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 24,993 shares of the technology company’s stock, valued at approximately $721,000.
A number of other large investors also recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Teradata in the second quarter valued at $567,999,000. Dimensional Fund Advisors LP raised its stake in Teradata by 11.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,906,221 shares of the technology company’s stock valued at $48,853,000 after buying an additional 200,477 shares during the period. Bank of America Corp DE acquired a new stake in shares of Teradata in the second quarter valued at approximately $44,869,000. Alyeska Investment Group L.P. bought a new position in Teradata during the second quarter worth $44,472,000. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Teradata by 20.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,399,452 shares of the technology company’s stock valued at $35,868,000 after purchasing an additional 241,550 shares during the period. 90.31% of the stock is currently owned by institutional investors and hedge funds.
Teradata Price Performance
Teradata stock traded up $0.92 during midday trading on Thursday, reaching $30.08. The company’s stock had a trading volume of 676,586 shares, compared to its average volume of 2,318,178. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.08. The stock has a market cap of $2.80 billion, a PE ratio of 6.32, a price-to-earnings-growth ratio of 2.20 and a beta of 0.62. Teradata Corporation has a 52 week low of $20.33 and a 52 week high of $41.78. The business has a 50-day moving average price of $28.66 and a 200-day moving average price of $29.79.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on TDC. Morgan Stanley restated an “equal weight” rating and set a $29.00 price objective (down from $35.00) on shares of Teradata in a research report on Monday, August 10th. Wall Street Zen cut Teradata from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 8th. Barclays decreased their price target on shares of Teradata from $28.00 to $27.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 5th. Citigroup lowered their target price on shares of Teradata from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, Citizens Jmp restated a “market outperform” rating and set a $49.00 price objective on shares of Teradata in a research note on Wednesday, June 10th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $34.33.
Get Our Latest Research Report on Teradata
Insider Activity
In related news, COO Michael Hutchinson sold 48,077 shares of Teradata stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $30.00, for a total value of $1,442,310.00. Following the transaction, the chief operating officer directly owned 171,927 shares of the company’s stock, valued at $5,157,810. The trade was a 21.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Mcmillan sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $30.02, for a total transaction of $300,200.00. Following the sale, the chief executive officer directly owned 752,446 shares of the company’s stock, valued at $22,588,428.92. This represents a 1.31% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.96% of the company’s stock.
Teradata Profile
Teradata Corporation (NYSE: TDC) is a data and analytics company that provides cloud-based data platforms, software, and services to help organizations manage, analyze, and derive insights from large and complex data sets. Its offerings support enterprise data warehousing, business intelligence, artificial intelligence, and machine learning applications.
The company’s primary platform is Teradata VantageCloud, which is designed to provide analytics across public, private, and hybrid cloud environments.
Featured Articles
- Five stocks we like better than Teradata
- PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value
- Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push
- This Space ETF Offers SpaceX Exposure—But Investors Are Paying for the Volatilit
- Does Lemonade’s Growth Signal Profits Ahead?
Want to see what other hedge funds are holding TDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradata Corporation (NYSE:TDC – Free Report).
Receive News & Ratings for Teradata Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradata and related companies with MarketBeat.com's FREE daily email newsletter.
