Arrowstreet Capital Limited Partnership Buys 408,595 Shares of Teradata Co. (NYSE:TDC)

Arrowstreet Capital Limited Partnership increased its position in Teradata Co. (NYSE:TDC - Free Report) by 470.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 495,539 shares of the technology company's stock after acquiring an additional 408,595 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.52% of Teradata worth $15,436,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cornercap Investment Counsel Inc. bought a new position in Teradata in the 4th quarter valued at $208,000. Norges Bank bought a new stake in Teradata during the fourth quarter valued at $36,315,000. JPMorgan Chase & Co. grew its position in Teradata by 9.6% during the fourth quarter. JPMorgan Chase & Co. now owns 611,264 shares of the technology company's stock worth $19,041,000 after buying an additional 53,743 shares in the last quarter. WINTON GROUP Ltd bought a new position in Teradata in the 4th quarter worth about $1,131,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Teradata by 644.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 21,842 shares of the technology company's stock valued at $675,000 after acquiring an additional 18,909 shares in the last quarter. Hedge funds and other institutional investors own 90.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TDC. JMP Securities restated a "market perform" rating on shares of Teradata in a research report on Thursday, February 13th. Guggenheim decreased their price target on shares of Teradata from $42.00 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Morgan Stanley raised shares of Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price objective for the company in a report on Tuesday. StockNews.com cut Teradata from a "strong-buy" rating to a "buy" rating in a research note on Tuesday. Finally, Royal Bank of Canada dropped their price target on Teradata from $32.00 to $29.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $34.00.

Teradata Trading Up 11.8 %

Shares of TDC traded up $2.28 during trading hours on Wednesday, hitting $21.60. The company had a trading volume of 1,508,379 shares, compared to its average volume of 1,037,363. The firm has a market cap of $2.07 billion, a P/E ratio of 18.46, a P/E/G ratio of 6.23 and a beta of 0.87. Teradata Co. has a 52-week low of $18.43 and a 52-week high of $38.45. The stock's 50 day moving average price is $24.12 and its 200 day moving average price is $28.77. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.65.

Teradata (NYSE:TDC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.14). Teradata had a net margin of 6.51% and a return on equity of 149.16%. On average, research analysts predict that Teradata Co. will post 1.31 EPS for the current year.

Teradata Company Profile

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.