TD SYNNEX Corporation $SNX Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in shares of TD SYNNEX Corporation (NYSE:SNX) by 16.4% during the third quarter, Holdings Channel.com reports. The fund owned 331,743 shares of the business services provider’s stock after acquiring an additional 46,713 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in TD SYNNEX were worth $54,535,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of SNX. Ieq Capital LLC increased its stake in TD SYNNEX by 47.1% in the 1st quarter. Ieq Capital LLC now owns 4,004 shares of the business services provider’s stock worth $416,000 after purchasing an additional 1,282 shares in the last quarter. Quarry LP acquired a new position in shares of TD SYNNEX in the first quarter worth about $51,000. Alyeska Investment Group L.P. acquired a new position in shares of TD SYNNEX in the first quarter worth about $24,022,000. Advisors Asset Management Inc. increased its position in shares of TD SYNNEX by 342.5% in the first quarter. Advisors Asset Management Inc. now owns 10,276 shares of the business services provider’s stock worth $1,068,000 after acquiring an additional 7,954 shares in the last quarter. Finally, Cinctive Capital Management LP acquired a new stake in shares of TD SYNNEX during the first quarter valued at approximately $2,390,000. 84.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, Director Merline Saintil sold 336 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $155.79, for a total transaction of $52,345.44. Following the transaction, the director directly owned 7,330 shares of the company’s stock, valued at $1,141,940.70. This represents a 4.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Miriam Anne Murphy sold 1,673 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $156.49, for a total value of $261,807.77. Following the completion of the sale, the insider directly owned 16,529 shares of the company’s stock, valued at $2,586,623.21. This represents a 9.19% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 18,939 shares of company stock worth $2,921,338. Company insiders own 1.00% of the company’s stock.

TD SYNNEX Trading Down 1.5%

NYSE:SNX opened at $150.19 on Friday. The company has a market capitalization of $12.23 billion, a P/E ratio of 16.29, a P/E/G ratio of 1.03 and a beta of 1.37. The stock’s 50 day moving average price is $152.26 and its 200 day moving average price is $148.80. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20. TD SYNNEX Corporation has a 52 week low of $92.23 and a 52 week high of $167.76.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price target on TD SYNNEX from $145.00 to $164.00 and gave the company a “buy” rating in a report on Thursday, September 25th. Zacks Research cut TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, October 8th. Wall Street Zen cut shares of TD SYNNEX from a “buy” rating to a “hold” rating in a report on Monday, November 3rd. Finally, Barrington Research boosted their price objective on shares of TD SYNNEX from $156.00 to $182.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, TD SYNNEX presently has an average rating of “Moderate Buy” and a consensus price target of $169.18.

TD SYNNEX Company Profile

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.