Assenagon Asset Management S.A. Raises Stake in Teradata Co. (NYSE:TDC)

Assenagon Asset Management S.A. lifted its holdings in shares of Teradata Co. (NYSE:TDC - Free Report) by 73.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 768,892 shares of the technology company's stock after buying an additional 324,442 shares during the period. Assenagon Asset Management S.A. owned about 0.80% of Teradata worth $23,951,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Lynrock Lake LP lifted its holdings in shares of Teradata by 9.9% during the second quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company's stock worth $230,400,000 after buying an additional 600,000 shares in the last quarter. AQR Capital Management LLC grew its position in Teradata by 60.9% in the second quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company's stock valued at $73,827,000 after acquiring an additional 808,691 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Teradata by 21.7% in the 3rd quarter. Pacer Advisors Inc. now owns 2,071,302 shares of the technology company's stock valued at $62,843,000 after purchasing an additional 369,123 shares during the last quarter. FMR LLC raised its position in Teradata by 2.7% in the third quarter. FMR LLC now owns 1,932,741 shares of the technology company's stock valued at $58,639,000 after purchasing an additional 51,080 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Teradata by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,685,317 shares of the technology company's stock valued at $51,145,000 after purchasing an additional 8,289 shares in the last quarter. Institutional investors and hedge funds own 90.31% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on TDC. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $32.00 target price on shares of Teradata in a report on Tuesday, November 5th. Northland Securities reduced their price objective on shares of Teradata from $38.00 to $37.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. Evercore ISI boosted their price target on Teradata from $34.00 to $37.00 and gave the company an "outperform" rating in a research note on Tuesday, October 15th. UBS Group raised their price objective on shares of Teradata from $24.00 to $26.00 and gave the stock a "sell" rating in a research report on Tuesday, November 5th. Finally, Barclays increased their target price on shares of Teradata from $29.00 to $30.00 and gave the stock an "underweight" rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $40.00.

Teradata Price Performance

Shares of Teradata stock traded down $0.44 during trading on Friday, hitting $30.56. The stock had a trading volume of 1,141,263 shares, compared to its average volume of 616,995. The business's 50-day moving average is $31.21 and its 200 day moving average is $30.59. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 36.38, a P/E/G ratio of 3.14 and a beta of 0.79. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 4.01. Teradata Co. has a 12 month low of $24.02 and a 12 month high of $49.44.

Teradata (NYSE:TDC - Get Free Report) last issued its earnings results on Monday, November 4th. The technology company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.13. The company had revenue of $440.00 million for the quarter, compared to analysts' expectations of $417.71 million. Teradata had a net margin of 4.56% and a return on equity of 145.40%. The firm's revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. As a group, sell-side analysts anticipate that Teradata Co. will post 1.41 earnings per share for the current year.

Teradata 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.