BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its stake in Teradata Co. (NYSE:TDC) by 11.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 19,359 shares of the technology company’s stock after selling 2,523 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Teradata were worth $845,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Teradata by 4.2% in the 4th quarter. BlackRock Inc. now owns 11,627,639 shares of the technology company’s stock valued at $446,037,000 after buying an additional 473,405 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in Teradata by 13.2% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 3,353,582 shares of the technology company’s stock valued at $126,464,000 after acquiring an additional 392,272 shares during the period. Teachers Advisors LLC raised its stake in Teradata by 1.4% in the 3rd quarter. Teachers Advisors LLC now owns 2,526,373 shares of the technology company’s stock valued at $95,270,000 after acquiring an additional 34,398 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Teradata by 3,695.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,813,738 shares of the technology company’s stock valued at $47,000 after acquiring an additional 1,765,956 shares during the period. Finally, Norges Bank bought a new stake in Teradata in the 4th quarter valued at $59,216,000. 96.21% of the stock is owned by institutional investors.
TDC opened at $45.75 on Monday. The company has a current ratio of 1.42, a quick ratio of 1.39 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $5.38 billion, a P/E ratio of 51.99, a price-to-earnings-growth ratio of 2.28 and a beta of 0.97. Teradata Co. has a 1-year low of $34.06 and a 1-year high of $49.42.
A number of equities research analysts recently weighed in on TDC shares. Zacks Investment Research upgraded Teradata from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Saturday, January 5th. Morgan Stanley upgraded Teradata from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $42.00 to $55.00 in a research note on Tuesday, January 15th. BMO Capital Markets restated a “market perform” rating and issued a $45.00 price target (up previously from $40.00) on shares of Teradata in a research note on Friday, February 8th. Cowen increased their price target on Teradata from $51.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, February 11th. Finally, TheStreet upgraded Teradata from a “c+” rating to a “b-” rating in a research note on Friday, February 8th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $46.78.
In other Teradata news, Director Lisa R. Bacus sold 12,000 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $48.04, for a total transaction of $576,480.00. Following the transaction, the director now owns 22,486 shares in the company, valued at approximately $1,080,227.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James M. Ringler sold 10,710 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $46.34, for a total value of $496,301.40. Following the transaction, the director now owns 57,180 shares in the company, valued at approximately $2,649,721.20. The disclosure for this sale can be found here. 1.12% of the stock is owned by company insiders.
Teradata Corporation provides hybrid cloud analytics software. Its solutions and services comprise software, hardware, and related business consulting and support services to deliver analytics in company's analytical ecosystem. It operates through three segments: North America and Latin America region; Europe, Middle East and Africa region; and Asia Pacific and Japan region.
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