Virginia Retirement Systems ET AL raised its holdings in shares of Tech Data Corp (NASDAQ:TECD) by 33.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,500 shares of the company’s stock after buying an additional 3,400 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Tech Data were worth $1,109,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the stock. BlackRock Inc. grew its position in Tech Data by 4.1% during the first quarter. BlackRock Inc. now owns 3,901,468 shares of the company’s stock worth $332,132,000 after buying an additional 154,773 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Tech Data by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,050,415 shares of the company’s stock worth $259,682,000 after purchasing an additional 44,538 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Tech Data by 2.0% in the 1st quarter. LSV Asset Management now owns 1,508,380 shares of the company’s stock worth $128,408,000 after purchasing an additional 28,900 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Tech Data by 10.7% in the 2nd quarter. Victory Capital Management Inc. now owns 691,565 shares of the company’s stock worth $56,792,000 after purchasing an additional 66,715 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Tech Data by 13.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 562,343 shares of the company’s stock worth $47,873,000 after purchasing an additional 65,126 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research cut Tech Data from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 1st. TheStreet upgraded Tech Data from a “c” rating to a “b-” rating in a report on Thursday, May 31st. BidaskClub cut Tech Data from a “buy” rating to a “hold” rating in a report on Saturday, June 30th. ValuEngine cut Tech Data from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 12th. Finally, Pivotal Research reiterated a “buy” rating and issued a $105.00 price objective on shares of Tech Data in a report on Sunday, June 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $108.25.

Shares of TECD stock opened at $85.62 on Friday. The stock has a market cap of $3.23 billion, a P/E ratio of 9.40, a P/E/G ratio of 1.07 and a beta of 0.82. Tech Data Corp has a 1-year low of $75.31 and a 1-year high of $111.10. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 0.88.

Tech Data (NASDAQ:TECD) last issued its earnings results on Thursday, May 31st. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.37. The company had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $8.13 billion. Tech Data had a return on equity of 12.41% and a net margin of 0.32%. Tech Data’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.87 EPS. equities research analysts expect that Tech Data Corp will post 10.48 EPS for the current fiscal year.

Tech Data Profile

Tech Data Corporation engages in the wholesale distribution of technology products. It offers endpoint portfolio solutions, including PC systems, mobile phones and accessories, printers, peripherals, supplies, endpoint technology software, and consumer electronics; and advanced portfolio solutions, such as storage, networking, servers, advanced technology software, and converged and hyper-converged infrastructure, as well as specialized solutions.

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

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