Tech Data Corporation (TECD) Shares Bought by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Tech Data Corporation (NASDAQ:TECD) by 44.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,611 shares of the company’s stock after purchasing an additional 28,650 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.24% of Tech Data Corporation worth $9,354,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TECD. Glen Harbor Capital Management LLC raised its stake in shares of Tech Data Corporation by 1.8% in the 1st quarter. Glen Harbor Capital Management LLC now owns 1,276 shares of the company’s stock valued at $120,000 after buying an additional 22 shares in the last quarter. Elkfork Partners LLC raised its stake in shares of Tech Data Corporation by 1.8% in the 1st quarter. Elkfork Partners LLC now owns 1,624 shares of the company’s stock valued at $152,000 after buying an additional 28 shares in the last quarter. Meadow Creek Investment Management LLC raised its stake in shares of Tech Data Corporation by 1.8% in the 1st quarter. Meadow Creek Investment Management LLC now owns 1,972 shares of the company’s stock valued at $185,000 after buying an additional 34 shares in the last quarter. Balasa Dinverno & Foltz LLC raised its stake in shares of Tech Data Corporation by 0.6% in the 2nd quarter. Balasa Dinverno & Foltz LLC now owns 5,365 shares of the company’s stock valued at $542,000 after buying an additional 34 shares in the last quarter. Finally, Capital One National Association raised its stake in shares of Tech Data Corporation by 0.3% in the 2nd quarter. Capital One National Association now owns 13,690 shares of the company’s stock valued at $1,383,000 after buying an additional 47 shares in the last quarter.

In other Tech Data Corporation news, Director Harry J. Harczak, Jr. sold 1,440 shares of the business’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $98.83, for a total transaction of $142,315.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $2,001,600.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,088 shares of company stock valued at $3,025,304. Insiders own 1.60% of the company’s stock.

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A number of equities analysts have recently issued reports on TECD shares. Loop Capital restated a “buy” rating and issued a $120.00 price objective (down previously from $130.00) on shares of Tech Data Corporation in a research note on Friday, September 1st. Stifel Nicolaus dropped their target price on shares of Tech Data Corporation from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, September 1st. Bank of America Corporation reiterated a “buy” rating and set a $110.00 target price on shares of Tech Data Corporation in a research report on Thursday, June 1st. Zacks Investment Research upgraded shares of Tech Data Corporation from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research report on Thursday, May 25th. Finally, BidaskClub cut shares of Tech Data Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 15th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $107.25.

Shares of Tech Data Corporation (NASDAQ TECD) opened at 82.61 on Friday. Tech Data Corporation has a one year low of $67.67 and a one year high of $111.10. The firm’s 50-day moving average is $101.55 and its 200-day moving average is $97.40. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 15.42 and a beta of 0.79.

Tech Data Corporation (NASDAQ:TECD) last issued its earnings results on Thursday, August 31st. The company reported $1.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by $0.32. The business had revenue of $8.88 billion for the quarter, compared to analyst estimates of $8.74 billion. Tech Data Corporation had a return on equity of 11.60% and a net margin of 0.63%. The firm’s revenue was up 39.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.42 EPS. Analysts expect that Tech Data Corporation will post $8.86 EPS for the current fiscal year.

Tech Data Corporation 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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