Mitsubishi UFJ Asset Management Co. Ltd. Grows Stake in Teradata Co. (NYSE:TDC)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Teradata Co. (NYSE:TDC - Free Report) by 644.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,842 shares of the technology company's stock after acquiring an additional 18,909 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in Teradata were worth $675,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TDC. Victory Capital Management Inc. raised its holdings in Teradata by 742.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company's stock worth $35,110,000 after purchasing an additional 993,358 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Teradata by 73.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 768,892 shares of the technology company's stock worth $23,951,000 after acquiring an additional 324,442 shares in the last quarter. Prudential Financial Inc. lifted its position in Teradata by 76.5% during the 4th quarter. Prudential Financial Inc. now owns 622,175 shares of the technology company's stock valued at $19,381,000 after acquiring an additional 269,629 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Teradata by 87.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 348,127 shares of the technology company's stock worth $10,844,000 after acquiring an additional 161,957 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its holdings in Teradata by 920.2% in the fourth quarter. Hillsdale Investment Management Inc. now owns 166,300 shares of the technology company's stock worth $5,180,000 after purchasing an additional 150,000 shares during the period. 90.31% of the stock is owned by hedge funds and other institutional investors.

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Teradata Stock Performance

Teradata stock traded down $1.57 during trading on Friday, reaching $19.73. The company had a trading volume of 1,487,060 shares, compared to its average volume of 1,028,201. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 6.23 and a beta of 0.87. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.65. The firm's 50-day simple moving average is $25.33 and its 200 day simple moving average is $29.07. Teradata Co. has a 52 week low of $19.43 and a 52 week high of $38.82.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TDC shares. Royal Bank of Canada lowered their target price on shares of Teradata from $32.00 to $29.00 and set a "sector perform" rating for the company in a report on Wednesday, February 12th. Barclays dropped their target price on Teradata from $30.00 to $25.00 and set an "underweight" rating on the stock in a report on Wednesday, February 12th. Evercore ISI reduced their price target on Teradata from $37.00 to $32.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Guggenheim dropped their price target on shares of Teradata from $42.00 to $37.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Finally, JMP Securities restated a "market perform" rating on shares of Teradata in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Teradata presently has a consensus rating of "Hold" and an average price target of $34.30.

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.