Vident Investment Advisory LLC boosted its holdings in Teradata Corporation (NYSE:TDC) by 7.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 91,433 shares of the technology company’s stock after acquiring an additional 6,072 shares during the quarter. Vident Investment Advisory LLC owned 0.08% of Teradata worth $3,090,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Cornerstone Capital Management Holdings LLC. lifted its position in Teradata by 2,458.9% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 305,531 shares of the technology company’s stock valued at $10,322,000 after acquiring an additional 293,591 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in Teradata by 259.2% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,764,202 shares of the technology company’s stock valued at $93,402,000 after acquiring an additional 1,994,620 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in Teradata by 22.7% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 9,594 shares of the technology company’s stock valued at $324,000 after acquiring an additional 1,775 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Teradata by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,276,916 shares of the technology company’s stock valued at $43,147,000 after acquiring an additional 5,166 shares in the last quarter. Finally, Jupiter Asset Management Ltd. lifted its position in Teradata by 7.6% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 2,392,621 shares of the technology company’s stock valued at $80,847,000 after acquiring an additional 169,000 shares in the last quarter. 97.94% of the stock is currently owned by institutional investors and hedge funds.
Teradata Corporation (TDC) traded up $0.62 during trading hours on Friday, reaching $38.15. 1,350,000 shares of the company’s stock traded hands, compared to its average volume of 1,470,000. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.56 and a current ratio of 1.61. The stock has a market cap of $4,810.00, a price-to-earnings ratio of 34.06, a price-to-earnings-growth ratio of 14.04 and a beta of 1.26. Teradata Corporation has a 52-week low of $26.55 and a 52-week high of $38.69.
In other news, CFO Mark Culhane acquired 4,500 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was purchased at an average price of $37.66 per share, for a total transaction of $169,470.00. Following the purchase, the chief financial officer now owns 29,924 shares in the company, valued at approximately $1,126,937.84. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.73% of the company’s stock.
Several equities analysts recently weighed in on TDC shares. BMO Capital Markets raised their price target on shares of Teradata from $32.00 to $40.00 and gave the company a “market perform” rating in a research report on Friday, November 3rd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $30.00 price target on shares of Teradata in a research report on Wednesday, October 18th. Mizuho reaffirmed an “underperform” rating and issued a $32.00 price target (up previously from $26.00) on shares of Teradata in a research report on Wednesday, November 1st. Morgan Stanley raised their price target on shares of Teradata from $29.00 to $31.00 and gave the company an “underweight” rating in a research report on Friday, November 3rd. Finally, Summit Redstone raised shares of Teradata from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $31.75.
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Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.
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