Systematic Financial Management LP raised its position in shares of Tech Data Corp (NASDAQ:TECD) by 9.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,174 shares of the company’s stock after buying an additional 1,450 shares during the quarter. Systematic Financial Management LP’s holdings in Tech Data were worth $1,410,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. LSV Asset Management lifted its position in Tech Data by 11.2% during the second quarter. LSV Asset Management now owns 1,677,717 shares of the company’s stock valued at $137,774,000 after buying an additional 169,337 shares during the period. Canada Pension Plan Investment Board lifted its position in Tech Data by 148.9% during the second quarter. Canada Pension Plan Investment Board now owns 87,100 shares of the company’s stock valued at $7,153,000 after buying an additional 52,100 shares during the period. Quantitative Systematic Strategies LLC purchased a new position in Tech Data during the second quarter valued at $230,000. Anchor Capital Advisors LLC lifted its position in Tech Data by 45.7% during the second quarter. Anchor Capital Advisors LLC now owns 24,935 shares of the company’s stock valued at $2,048,000 after buying an additional 7,819 shares during the period. Finally, Arizona State Retirement System lifted its position in Tech Data by 3.0% during the second quarter. Arizona State Retirement System now owns 24,197 shares of the company’s stock valued at $1,987,000 after buying an additional 709 shares during the period. 96.32% of the stock is owned by institutional investors and hedge funds.

TECD opened at $86.55 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $3.33 billion, a PE ratio of 9.56, a P/E/G ratio of 1.10 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.

Tech Data (NASDAQ:TECD) last posted its quarterly earnings results on Thursday, May 31st. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.37. The firm had revenue of $8.54 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $1.87 EPS. sell-side analysts forecast that Tech Data Corp will post 10.48 earnings per share for the current fiscal year.

Several brokerages have commented on TECD. Zacks Investment Research raised Tech Data from a “hold” rating to a “strong-buy” rating and set a $94.00 price objective for the company in a research report on Tuesday, July 31st. ValuEngine raised Tech Data from a “strong sell” rating to a “sell” rating in a research report on Monday, June 18th. BidaskClub raised Tech Data from a “hold” rating to a “buy” rating in a research report on Thursday, May 31st. TheStreet raised Tech Data from a “c” rating to a “b-” rating in a research report on Thursday, May 31st. Finally, Pivotal Research reissued a “buy” rating and set a $105.00 price objective on shares of Tech Data in a research report on Sunday, June 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. Tech Data currently has a consensus rating of “Hold” and an average target price of $108.25.

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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