BNP Paribas Arbitrage SA raised its stake in shares of Tech Data Corporation (NASDAQ:TECD) by 118.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,145 shares of the company’s stock after buying an additional 9,842 shares during the period. BNP Paribas Arbitrage SA’s holdings in Tech Data Corporation were worth $1,833,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Comerica Bank raised its position in shares of Tech Data Corporation by 0.9% in the second quarter. Comerica Bank now owns 27,691 shares of the company’s stock valued at $2,919,000 after buying an additional 260 shares during the period. Legal & General Group Plc raised its position in shares of Tech Data Corporation by 2.1% in the second quarter. Legal & General Group Plc now owns 111,806 shares of the company’s stock valued at $11,294,000 after buying an additional 2,295 shares during the period. Bank of New York Mellon Corp raised its position in shares of Tech Data Corporation by 13.7% in the second quarter. Bank of New York Mellon Corp now owns 780,356 shares of the company’s stock valued at $78,816,000 after buying an additional 94,072 shares during the period. Alps Advisors Inc. acquired a new position in shares of Tech Data Corporation during the second quarter valued at approximately $418,000. Finally, SG Americas Securities LLC raised its position in shares of Tech Data Corporation by 58.6% in the second quarter. SG Americas Securities LLC now owns 15,797 shares of the company’s stock valued at $1,595,000 after buying an additional 5,836 shares during the period.

Tech Data Corporation (NASDAQ:TECD) opened at 87.46 on Friday. The company’s 50-day moving average price is $104.16 and its 200 day moving average price is $97.50. Tech Data Corporation has a 1-year low of $67.67 and a 1-year high of $107.50. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 16.32 and a beta of 0.79.

Tech Data Corporation (NASDAQ:TECD) last announced its quarterly earnings data on Thursday, August 31st. The company reported $1.74 EPS for the quarter, missing the Zacks’ consensus estimate of $2.06 by $0.32. The business had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $8.74 billion. Tech Data Corporation had a net margin of 0.63% and a return on equity of 12.22%. Tech Data Corporation’s revenue for the quarter was up 39.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.42 EPS. On average, equities analysts expect that Tech Data Corporation will post $9.80 earnings per share for the current fiscal year.

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Several equities analysts have recently commented on the company. Loop Capital reaffirmed a “buy” rating and issued a $120.00 price target (down previously from $130.00) on shares of Tech Data Corporation in a research note on Friday. Stifel Nicolaus decreased their price target on Tech Data Corporation from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday. Citigroup Inc. reaffirmed a “hold” rating and issued a $100.00 price target on shares of Tech Data Corporation in a research note on Friday. Northcoast Research reaffirmed a “neutral” rating on shares of Tech Data Corporation in a research note on Monday, August 28th. Finally, BidaskClub lowered Tech Data Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $107.25.

In other Tech Data Corporation news, CEO Robert M. Dutkowsky sold 20,000 shares of the business’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $100.08, for a total transaction of $2,001,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Alain Amsellem sold 1,000 shares of the business’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $104.63, for a total value of $104,630.00. Following the sale, the chief financial officer now directly owns 26,379 shares of the company’s stock, valued at approximately $2,760,034.77. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,888 shares of company stock valued at $3,519,704. Company 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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