Norges Bank Buys New Position in Teradata Co. (NYSE:TDC)

Norges Bank bought a new stake in shares of Teradata Co. (NYSE:TDC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,165,812 shares of the technology company's stock, valued at approximately $36,315,000. Norges Bank owned approximately 1.22% of Teradata at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TDC. Pacer Advisors Inc. raised its holdings in Teradata by 5.2% in the 4th quarter. Pacer Advisors Inc. now owns 2,179,728 shares of the technology company's stock valued at $67,899,000 after buying an additional 108,426 shares during the period. FMR LLC increased its stake in shares of Teradata by 2.7% during the third quarter. FMR LLC now owns 1,932,741 shares of the technology company's stock worth $58,639,000 after buying an additional 51,080 shares during the period. Geode Capital Management LLC increased 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 worth $51,145,000 after buying an additional 8,289 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Teradata by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,217,654 shares of the technology company's stock worth $37,930,000 after buying an additional 91,211 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Teradata by 742.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company's stock worth $35,110,000 after buying an additional 993,358 shares during the period. Hedge funds and other institutional investors own 90.31% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts recently issued reports on TDC shares. StockNews.com downgraded Teradata from a "strong-buy" rating to a "buy" rating in a report on Tuesday. Guggenheim decreased their price objective on Teradata from $42.00 to $37.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Barclays decreased their price objective on Teradata from $30.00 to $25.00 and set an "underweight" rating for the company in a report on Wednesday, February 12th. Morgan Stanley upgraded Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price objective for the company in a research report on Tuesday. Finally, Royal Bank of Canada cut their price objective on Teradata from $32.00 to $29.00 and set a "sector perform" rating for the company in a research report on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to MarketBeat, Teradata presently has an average rating of "Hold" and a consensus price target of $34.00.

Teradata Price Performance

Shares of TDC stock traded down $0.64 during mid-day trading on Thursday, reaching $20.94. The stock had a trading volume of 115,975 shares, compared to its average volume of 1,533,491. Teradata Co. has a 12-month low of $18.43 and a 12-month high of $38.45. The company has a market cap of $2.01 billion, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 6.23 and a beta of 0.87. The business has a 50-day simple moving average of $24.12 and a 200 day simple moving average of $28.77. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 3.65.

Teradata (NYSE:TDC - Get Free Report) last announced its quarterly earnings results 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%. On average, sell-side analysts anticipate that Teradata Co. will post 1.31 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.