Janney Montgomery Scott LLC acquired a new position in Tech Data Corporation (NASDAQ:TECD) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,566 shares of the company’s stock, valued at approximately $764,000.

A number of other large investors have also made changes to their positions in the company. Glen Harbor Capital Management LLC raised 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 raised 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 approximately $156,000. Meadow Creek Investment Management LLC raised 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 raised 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 (NASDAQ TECD) opened at 103.20 on Wednesday. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 19.26 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. The firm’s 50-day moving average price is $103.85 and its 200-day moving average price is $95.93.

Tech Data Corporation (NASDAQ:TECD) last announced its quarterly earnings results on Thursday, June 1st. The company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.53. Tech Data Corporation had a return on equity of 11.67% and a net margin of 0.69%. The company had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the prior year, the company earned $1.05 earnings per share. The company’s revenue for the quarter was up 28.5% compared to the same quarter last year. On average, equities analysts anticipate that Tech Data Corporation will post $9.76 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Janney Montgomery Scott LLC Acquires Shares of 7,566 Tech Data Corporation (TECD)” was reported by Watch List News and is the sole property of of Watch List News. If you are reading this report on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at https://www.watchlistnews.com/janney-montgomery-scott-llc-acquires-shares-of-7566-tech-data-corporation-tecd/1493081.html.

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

In other Tech Data Corporation news, CFO Alain Amsellem sold 1,000 shares of the stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $104.63, for a total value of $104,630.00. Following the completion of the sale, the chief financial officer now directly owns 26,379 shares in the company, valued at $2,760,034.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David R. Vetter sold 6,000 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $100.26, for a total value of $601,560.00. The disclosure for this sale can be found here. Insiders sold 34,888 shares of company stock valued at $3,519,704 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

About Tech Data Corporation

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.

Want to see what other hedge funds are holding TECD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tech Data Corporation (NASDAQ:TECD).

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

Receive News & Ratings for Tech Data Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tech Data Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.