Canada Pension Plan Investment Board raised its position in Tech Data Corporation (NASDAQ:TECD) by 7.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 84,600 shares of the company’s stock after buying an additional 5,700 shares during the period. Canada Pension Plan Investment Board owned 0.22% of Tech Data Corporation worth $8,545,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Glen Harbor Capital Management LLC boosted its stake in shares of Tech Data Corporation by 1.8% in the first quarter. Glen Harbor Capital Management LLC now owns 1,276 shares of the company’s stock worth $120,000 after buying an additional 22 shares during the last quarter. Elkfork Partners LLC boosted its stake in shares of Tech Data Corporation by 1.8% in the first quarter. Elkfork Partners LLC now owns 1,624 shares of the company’s stock worth $152,000 after buying an additional 28 shares during the last quarter. Invictus RG acquired a new stake in shares of Tech Data Corporation during the first quarter worth $156,000. Meadow Creek Investment Management LLC boosted its stake in shares of Tech Data Corporation by 1.8% in the first quarter. Meadow Creek Investment Management LLC now owns 1,972 shares of the company’s stock worth $185,000 after buying an additional 34 shares during the last quarter. Finally, Engine Capital Management LLC boosted its stake in shares of Tech Data Corporation by 1,083.4% in the first quarter. Engine Capital Management LLC now owns 2,000 shares of the company’s stock worth $188,000 after buying an additional 1,831 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Shares of Tech Data Corporation (TECD) opened at 102.32 on Friday. The company has a 50 day moving average of $104.03 and a 200 day moving average of $96.17. The stock has a market cap of $3.90 billion, a P/E ratio of 19.09 and a beta of 0.79. Tech Data Corporation has a 12 month low of $67.67 and a 12 month high of $107.50.

Tech Data Corporation (NASDAQ:TECD) last issued its quarterly earnings data on Thursday, June 1st. The company reported $1.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.53. The firm had revenue of $7.66 billion during the quarter, compared to analysts’ expectations of $7.31 billion. Tech Data Corporation had a net margin of 0.69% and a return on equity of 11.67%. The business’s revenue for the quarter was up 28.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.05 earnings per share. Equities research analysts expect that Tech Data Corporation will post $9.76 earnings per share for the current fiscal year.

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A number of brokerages recently weighed in on TECD. Zacks Investment Research upgraded shares of Tech Data Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 7th. BidaskClub cut shares of Tech Data Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Bank of America Corporation restated a “buy” rating and set a $110.00 target price on shares of Tech Data Corporation in a report on Thursday, June 1st. Finally, Citigroup Inc. upgraded shares of Tech Data Corporation from a “sell” rating to a “neutral” rating and set a $115.00 price target for the company in a research report on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $105.57.

In related news, CFO Alain Amsellem sold 1,648 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $106.31, for a total transaction of $175,198.88. Following the completion of the transaction, the chief financial officer now owns 26,479 shares in the company, valued at $2,814,982.49. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert M. Dutkowsky sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $100.08, for a total transaction of $2,001,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,888 shares of company stock valued at $3,519,704. Corporate insiders own 1.60% of the company’s stock.

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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Institutional Ownership by Quarter for Tech Data Corporation (NASDAQ:TECD)

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