2 weeks Ago By ABMN Staff
Lynrock Lake LP lifted its stake in shares of Teradata Co. ( NYSE:TDC – Free Report ) by 9.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 6,666,666 shares of the technology company’s stock after acquiring an additional 600,000 shares during the quarter. Teradata makes up 15.1% of Lynrock Lake LP’s holdings, making the stock its biggest holding.
Lynrock Lake LP owned about 0.07% of Teradata worth $230,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other hedge funds and other institutional investors also recently made changes to their positions in TDC.
Russell Investments Group Ltd. lifted its stake in Teradata by 61.5% in the first quarter.
Russell Investments Group Ltd. now owns 125,369 shares of the technology company’s stock valued at $4,848,000 after buying an additional 47,741 shares during the period. Redwood Investment Management LLC boosted its position in shares of Teradata by 295.
6% during the 4th quarter. Redwood Investment Management LLC now owns 138,867 shares of the technology company’s stock worth $6,042,000 after purchasing an additional 103,761 shares in the last quarter. Norden Group LLC grew its stake in shares of Teradata by 2,129.
9% in the 1st quarter. Norden Group LLC now owns 112,008 shares of the technology company’s stock valued at $4,331,000 after buying an additional 106,985 shares during the period. SG Americas Securities LLC increased its position in Teradata by 114.
7% in the 2nd quarter. SG Americas Securities LLC now owns 56,346 shares of the technology company’s stock valued at $1,947,000 after buying an additional 30,096 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in Teradata in the 1st quarter valued at about $568,000.
90.31% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades A number of brokerages have commented on TDC.
Morgan Stanley reduced their price objective on Teradata from $44.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th.
TD Cowen reduced their price target on shares of Teradata from $37.00 to $29.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th.
Evercore ISI lowered their price objective on shares of Teradata from $46.00 to $34.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th.
Barclays dropped their price objective on shares of Teradata from $35.00 to $30.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 6th.
Finally, Royal Bank of Canada decreased their target price on shares of Teradata from $40.00 to $32.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 6th.
Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.36.
Teradata Price Performance Shares of NYSE TDC opened at $30.16 on Friday. The company has a current ratio of 0.
75, a quick ratio of 0.72 and a debt-to-equity ratio of 6.87.
The stock has a fifty day simple moving average of $28.65 and a two-hundred day simple moving average of $32.98.
Teradata Co. has a 1-year low of $24.02 and a 1-year high of $49.
44. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 71.
81, a price-to-earnings-growth ratio of 2.71 and a beta of 0.80.
Teradata ( NYSE:TDC – Get Free Report ) last announced its quarterly earnings data on Monday, August 5th. The technology company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.
48 by $0.16. The business had revenue of $436.
00 million for the quarter, compared to analysts’ expectations of $447.30 million. Teradata had a return on equity of 114.
57% and a net margin of 3.45%. The firm’s quarterly revenue was down 5.
6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 EPS.
Analysts anticipate that Teradata Co. will post 1.3 earnings per share for the current year.
Insider Buying and Selling In other news, insider Hillary Ashton sold 14,962 shares of Teradata stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total value of $411,903.
86. Following the completion of the transaction, the insider now directly owns 121,382 shares in the company, valued at $3,341,646.46.
The sale was disclosed in a document filed with the SEC, which is available through the SEC website . In other news, insider Margaret A. Treese sold 5,500 shares of the business’s stock in a transaction on Thursday, August 29th.
The shares were sold at an average price of $28.50, for a total transaction of $156,750.00.
Following the completion of the transaction, the insider now directly owns 96,783 shares in the company, valued at approximately $2,758,315.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website .
Also, insider Hillary Ashton sold 14,962 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total value of $411,903.
86. Following the completion of the sale, the insider now owns 121,382 shares in the company, valued at approximately $3,341,646.46.
The disclosure for this sale can be found here . 0.92% of the stock is owned by insiders.
Teradata Company Profile ( Free Report ) Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.
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