ING Groep NV Acquires 48,700 Shares of Teradata Co. (NYSE:TDC)

ING Groep NV grew its position in Teradata Co. (NYSE:TDC - Free Report) by 238.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 69,100 shares of the technology company's stock after buying an additional 48,700 shares during the period. ING Groep NV owned approximately 0.07% of Teradata worth $2,096,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. M&G Plc increased its holdings in shares of Teradata by 2,920.3% in the second quarter. M&G Plc now owns 1,183,683 shares of the technology company's stock worth $41,429,000 after acquiring an additional 1,144,492 shares in the last quarter. AQR Capital Management LLC increased its stake in Teradata by 60.9% during the 2nd quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company's stock worth $73,827,000 after purchasing an additional 808,691 shares in the last quarter. Ariel Investments LLC acquired a new stake in Teradata during the 1st quarter worth approximately $30,998,000. Lynrock Lake LP lifted its stake in Teradata by 9.9% in the second quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company's stock valued at $230,400,000 after buying an additional 600,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Teradata by 828.5% in the third quarter. Assenagon Asset Management S.A. now owns 444,450 shares of the technology company's stock valued at $13,485,000 after buying an additional 396,584 shares during the period. Institutional investors own 90.31% of the company's stock.

Insiders Place Their Bets

In other news, insider Hillary Ashton sold 14,962 shares of the company's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the completion of the transaction, the insider now directly owns 121,382 shares in the company, valued at approximately $3,341,646.46. This represents a 10.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Margaret A. Treese sold 5,500 shares of the firm's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $28.50, for a total value of $156,750.00. Following the sale, the insider now directly owns 96,783 shares in the company, valued at approximately $2,758,315.50. This trade represents a 5.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.92% of the company's stock.

Teradata Price Performance

TDC stock traded down $0.62 during midday trading on Friday, reaching $28.97. The company had a trading volume of 746,851 shares, compared to its average volume of 940,386. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79. Teradata Co. has a 1-year low of $24.02 and a 1-year high of $49.44. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 34.49, a price-to-earnings-growth ratio of 2.85 and a beta of 0.80. The stock has a 50 day moving average price of $30.33 and a 200-day moving average price of $31.24.

Teradata (NYSE:TDC - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.13. Teradata had a net margin of 4.56% and a return on equity of 145.40%. The business had revenue of $440.00 million for the quarter, compared to analysts' expectations of $417.71 million. During the same period last year, the firm posted $0.14 earnings per share. The firm's quarterly revenue was up .5% compared to the same quarter last year. Equities research analysts expect that Teradata Co. will post 1.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

TDC has been the topic of several recent research reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $32.00 price target on shares of Teradata in a research note on Tuesday, November 5th. Northland Securities decreased their price target on shares of Teradata from $38.00 to $37.00 and set an "outperform" rating for the company in a research note on Tuesday, November 5th. Evercore ISI raised their target price on shares of Teradata from $34.00 to $37.00 and gave the company an "outperform" rating in a research report on Tuesday, October 15th. Morgan Stanley cut their price target on shares of Teradata from $44.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 6th. Finally, JMP Securities cut shares of Teradata from an "outperform" rating to a "market perform" rating in a research note on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Teradata presently has an average rating of "Hold" and an average price target of $39.91.

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.