APG Asset Management N.V. Buys Shares of 53,600 Tech Data Corporation (TECD)
APG Asset Management N.V. bought a new stake in shares of Tech Data Corporation (NASDAQ:TECD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 53,600 shares of the company’s stock, valued at approximately $4,762,000. APG Asset Management N.V. owned about 0.14% of Tech Data Corporation as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Prudential Financial Inc. lifted its position in Tech Data Corporation by 30.2% during the second quarter. Prudential Financial Inc. now owns 381,747 shares of the company’s stock valued at $38,557,000 after acquiring an additional 88,598 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Tech Data Corporation by 37.5% during the second quarter. JPMorgan Chase & Co. now owns 785,299 shares of the company’s stock valued at $79,316,000 after acquiring an additional 214,058 shares during the last quarter. Capital One National Association lifted its position in Tech Data Corporation by 0.3% during the second quarter. Capital One National Association now owns 13,690 shares of the company’s stock valued at $1,383,000 after acquiring an additional 47 shares during the last quarter. Geneva Advisors LLC purchased a new stake in Tech Data Corporation during the second quarter valued at approximately $606,000. Finally, State of Tennessee Treasury Department lifted its position in Tech Data Corporation by 40.8% during the second quarter. State of Tennessee Treasury Department now owns 98,593 shares of the company’s stock valued at $9,958,000 after acquiring an additional 28,593 shares during the last quarter.
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A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Tech Data Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Northcoast Research upgraded shares of Tech Data Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 5th. Loop Capital restated a “buy” rating and set a $120.00 price target (down previously from $130.00) on shares of Tech Data Corporation in a research note on Friday, September 1st. Needham & Company LLC upped their price target on shares of Tech Data Corporation from $100.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, October 12th. Finally, Citigroup Inc. restated a “hold” rating and set a $100.00 price target on shares of Tech Data Corporation in a research note on Friday, September 1st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Tech Data Corporation currently has an average rating of “Buy” and an average price target of $109.33.
Tech Data Corporation (NASDAQ:TECD) opened at $90.72 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.94 and a current ratio of 1.34. Tech Data Corporation has a 52 week low of $74.07 and a 52 week high of $111.10. The stock has a market cap of $3,460.89, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 0.47 and a beta of 0.77.
Tech Data Corporation (NASDAQ:TECD) last released its quarterly earnings data on Thursday, August 31st. The company reported $1.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.32). The business had revenue of $8.88 billion during the quarter, compared to analyst estimates of $8.74 billion. Tech Data Corporation had a return on equity of 11.60% and a net margin of 0.63%. The firm’s revenue was up 39.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.42 EPS. equities research analysts expect that Tech Data Corporation will post 9.08 earnings per share for the current fiscal year.
Tech Data Corporation Company Profile
Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its customers with logistics capabilities and services. It operates through the segment of distributing technology products, logistics management and other value-added services.
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