Teradata Co. (NYSE:TDC) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS reduced its position in Teradata Co. (NYSE:TDC - Free Report) by 89.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,000 shares of the technology company's stock after selling 245,942 shares during the period. Kornitzer Capital Management Inc. KS's holdings in Teradata were worth $880,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TDC. Vanguard Group Inc. increased its position in Teradata by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 11,841,180 shares of the technology company's stock valued at $457,898,000 after buying an additional 377,761 shares in the last quarter. Lynrock Lake LP increased its holdings in shares of 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 purchasing an additional 600,000 shares during the period. AQR Capital Management LLC raised its stake in shares of Teradata by 60.9% in the second 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 during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Teradata by 27.5% during the second quarter. Pacer Advisors Inc. now owns 1,702,179 shares of the technology company's stock worth $58,827,000 after purchasing an additional 367,641 shares during the period. Finally, Boston Trust Walden Corp boosted its position in Teradata by 14.5% in the second quarter. Boston Trust Walden Corp now owns 1,673,431 shares of the technology company's stock valued at $57,834,000 after buying an additional 212,359 shares during the last quarter. 90.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Teradata

In other news, insider Hillary Ashton sold 14,962 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total value of $411,903.86. Following the completion of the sale, the insider now directly owns 121,382 shares in the company, valued at $3,341,646.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Hillary Ashton sold 14,962 shares of Teradata stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total transaction of $411,903.86. Following the transaction, the insider now owns 121,382 shares in the company, valued at $3,341,646.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Margaret A. Treese sold 5,500 shares of the company's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.50, for a total transaction of $156,750.00. Following the completion of the sale, the insider now directly owns 96,783 shares of the company's stock, valued at $2,758,315.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.92% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TDC has been the subject of several analyst reports. StockNews.com raised Teradata from a "buy" rating to a "strong-buy" rating in a report on Tuesday, August 6th. UBS Group increased their price target on shares of Teradata from $24.00 to $26.00 and gave the stock a "sell" rating in a report on Tuesday. Evercore ISI lifted their price objective on shares of Teradata from $34.00 to $37.00 and gave the company an "outperform" rating in a report on Tuesday, October 15th. Morgan Stanley lowered their target price on shares of Teradata from $44.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 6th. Finally, TD Cowen cut their price target on Teradata from $37.00 to $29.00 and set a "hold" rating for the company in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $39.91.

Teradata Price Performance

Shares of TDC traded up $0.58 during trading hours on Friday, hitting $29.89. 1,570,739 shares of the stock were exchanged, compared to its average volume of 950,930. The stock's 50-day moving average price is $30.16 and its two-hundred day moving average price is $31.52. Teradata Co. has a 12-month low of $24.02 and a 12-month high of $49.44. The company has a debt-to-equity ratio of 4.01, a quick ratio of 0.72 and a current ratio of 0.80. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 35.58, a price-to-earnings-growth ratio of 1.76 and a beta of 0.80.

Teradata (NYSE:TDC - Get Free Report) last released its earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.13. The business had revenue of $440.00 million during the quarter, compared to analyst estimates of $417.71 million. Teradata had a net margin of 4.56% and a return on equity of 145.40%. The company's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Research analysts expect that Teradata Co. will post 2.32 earnings per share 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.