Handelsbanken Fonder AB Boosts Stake in Teradata Co. (NYSE:TDC)

Handelsbanken Fonder AB boosted its stake in Teradata Co. (NYSE:TDC) by 37.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,504 shares of the technology company’s stock after buying an additional 5,900 shares during the quarter. Handelsbanken Fonder AB’s holdings in Teradata were worth $936,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of TDC. CWM LLC raised its holdings in Teradata by 108.1% in the 3rd quarter. CWM LLC now owns 1,833 shares of the technology company’s stock valued at $83,000 after acquiring an additional 952 shares during the last quarter. SG Americas Securities LLC boosted its position in Teradata by 1.7% in the 3rd quarter. SG Americas Securities LLC now owns 26,355 shares of the technology company’s stock valued at $1,187,000 after buying an additional 445 shares during the last quarter. Xponance Inc. boosted its position in Teradata by 2.7% in the 3rd quarter. Xponance Inc. now owns 23,460 shares of the technology company’s stock valued at $1,056,000 after buying an additional 620 shares during the last quarter. Chicago Capital LLC boosted its position in Teradata by 1.7% in the 3rd quarter. Chicago Capital LLC now owns 1,146,430 shares of the technology company’s stock valued at $51,612,000 after buying an additional 18,902 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Teradata by 12.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,222 shares of the technology company’s stock valued at $955,000 after buying an additional 2,352 shares during the last quarter. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Teradata

In related news, insider Hillary Ashton sold 9,743 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $37.45, for a total transaction of $364,875.35. Following the transaction, the insider now owns 156,704 shares in the company, valued at $5,868,564.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Hillary Ashton sold 9,743 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $37.45, for a total transaction of $364,875.35. Following the transaction, the insider now owns 156,704 shares in the company, valued at $5,868,564.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stephen Mcmillan sold 40,597 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total transaction of $1,551,617.34. Following the transaction, the chief executive officer now owns 528,302 shares in the company, valued at approximately $20,191,702.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,615 shares of company stock worth $2,903,644. 0.86% of the stock is owned by company insiders.

Teradata Price Performance

Shares of NYSE:TDC opened at $37.67 on Monday. The firm’s 50 day moving average is $37.79 and its two-hundred day moving average is $42.59. Teradata Co. has a 52 week low of $35.36 and a 52 week high of $57.73. The firm has a market capitalization of $3.68 billion, a P/E ratio of 61.75, a PEG ratio of 1.66 and a beta of 0.95. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 4.02.

Teradata (NYSE:TDC) last announced its quarterly earnings results on Monday, February 12th. The technology company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.51 by $0.05. Teradata had a net margin of 3.38% and a return on equity of 58.25%. The company had revenue of $457.00 million for the quarter, compared to analyst estimates of $455.84 million. During the same quarter last year, the business earned $0.05 earnings per share. Teradata’s revenue was up 1.1% compared to the same quarter last year. Analysts anticipate that Teradata Co. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. StockNews.com cut shares of Teradata from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 12th. Morgan Stanley cut shares of Teradata from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $74.00 to $48.00 in a research report on Tuesday, February 13th. JMP Securities reissued a “market outperform” rating and issued a $72.00 target price on shares of Teradata in a report on Tuesday, February 13th. Royal Bank of Canada cut their target price on shares of Teradata from $59.00 to $48.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 13th. Finally, Bank of America cut shares of Teradata from a “buy” rating to a “neutral” rating and cut their target price for the stock from $58.00 to $48.00 in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Teradata presently has an average rating of “Moderate Buy” and an average price target of $56.90.

Teradata Company Profile

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.