Mitsubishi UFJ Trust & Banking Corp raised its position in Teradata Co. (NYSE:TDC - Free Report) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 210,200 shares of the technology company's stock after buying an additional 18,229 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.22% of Teradata worth $6,548,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of the business. Victory Capital Management Inc. lifted its position in Teradata by 742.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company's stock worth $35,110,000 after acquiring an additional 993,358 shares during the period. Assenagon Asset Management S.A. grew its position in Teradata by 73.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 768,892 shares of the technology company's stock valued at $23,951,000 after buying an additional 324,442 shares during the last quarter. Prudential Financial Inc. increased its stake in Teradata by 76.5% in the 4th quarter. Prudential Financial Inc. now owns 622,175 shares of the technology company's stock valued at $19,381,000 after buying an additional 269,629 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Teradata by 87.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 348,127 shares of the technology company's stock worth $10,844,000 after buying an additional 161,957 shares during the last quarter. Finally, Hillsdale Investment Management Inc. lifted its stake in shares of Teradata by 920.2% in the 4th quarter. Hillsdale Investment Management Inc. now owns 166,300 shares of the technology company's stock worth $5,180,000 after acquiring an additional 150,000 shares during the period. 90.31% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts recently issued reports on TDC shares. JMP Securities reissued a "market perform" rating on shares of Teradata in a report on Thursday, February 13th. Morgan Stanley set a $29.00 price target on Teradata in a report on Monday, March 24th. Barclays cut their price objective on Teradata from $30.00 to $25.00 and set an "underweight" rating for the company in a research report on Wednesday, February 12th. Guggenheim decreased their target price on shares of Teradata from $42.00 to $37.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Finally, StockNews.com downgraded shares of Teradata from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 29th. Three analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $34.30.
Check Out Our Latest Research Report on Teradata
Teradata Price Performance
TDC traded down $1.57 during midday trading on Friday, reaching $19.73. 1,487,060 shares of the company's stock were exchanged, compared to its average volume of 1,028,201. The business's 50-day moving average price is $25.33 and its 200 day moving average price is $29.07. The stock has a market capitalization of $1.87 billion, a PE ratio of 16.86, a P/E/G ratio of 6.23 and a beta of 0.75. Teradata Co. has a 1-year low of $19.44 and a 1-year high of $38.82. The company has a debt-to-equity ratio of 3.65, a current ratio of 0.81 and a quick ratio of 0.79.
Teradata (NYSE:TDC - Get Free Report) last posted its earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share (EPS) 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%. As a group, equities analysts anticipate that Teradata Co. will post 1.31 EPS for the current fiscal year.
Teradata Company Profile
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Free Report)
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.
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