Schroder Investment Management Group purchased a new stake in Tech Data Corp (NASDAQ:TECD) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,400 shares of the company’s stock, valued at approximately $215,000.

A number of other large investors also recently made changes to their positions in the business. Trexquant Investment LP acquired a new position in Tech Data in the third quarter valued at approximately $516,000. American International Group Inc. lifted its holdings in Tech Data by 2.8% in the third quarter. American International Group Inc. now owns 94,514 shares of the company’s stock valued at $8,398,000 after acquiring an additional 2,553 shares during the period. Icon Advisers Inc. Co. acquired a new position in Tech Data in the third quarter valued at approximately $1,182,000. Yorktown Management & Research Co Inc acquired a new position in shares of Tech Data during the 3rd quarter worth approximately $631,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Tech Data during the 3rd quarter worth approximately $201,000. 98.10% of the stock is owned by institutional investors.

Shares of Tech Data Corp (TECD) opened at $98.12 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 1.35. Tech Data Corp has a 12-month low of $81.42 and a 12-month high of $111.10. The company has a market capitalization of $3,656.61, a P/E ratio of 11.89, a P/E/G ratio of 0.48 and a beta of 0.78.

Tech Data (NASDAQ:TECD) last issued its quarterly earnings results on Monday, November 27th. The company reported $2.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.10. Tech Data had a return on equity of 11.90% and a net margin of 0.59%. The firm had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the previous year, the business earned $1.44 earnings per share. The firm’s revenue for the quarter was up 40.8% on a year-over-year basis. analysts predict that Tech Data Corp will post 9.14 EPS for the current fiscal year.

Several brokerages have recently weighed in on TECD. Stifel Nicolaus reduced their target price on Tech Data from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, September 1st. Citigroup reaffirmed a “hold” rating and set a $100.00 target price on shares of Tech Data in a research note on Friday, September 1st. Northcoast Research reaffirmed a “neutral” rating on shares of Tech Data in a research note on Monday, August 28th. Loop Capital began coverage on Tech Data in a research note on Thursday, August 24th. They set a “buy” rating and a $130.00 target price for the company. Finally, ValuEngine raised Tech Data from a “hold” rating to a “buy” rating in a research note on Wednesday, November 29th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $112.33.

In related news, COO Richard T. Hume sold 3,100 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $98.06, for a total transaction of $303,986.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by insiders.

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Tech Data 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 (NASDAQ:TECD)

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