Assenagon Asset Management S.A. Acquires 396,584 Shares of Teradata Co. (NYSE:TDC)

Assenagon Asset Management S.A. grew its position in Teradata Co. (NYSE:TDC - Free Report) by 828.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 444,450 shares of the technology company's stock after purchasing an additional 396,584 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.46% of Teradata worth $13,485,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Crewe Advisors LLC bought a new stake in Teradata in the 2nd quarter valued at about $26,000. GAMMA Investing LLC grew its position in Teradata by 88.0% in the 3rd quarter. GAMMA Investing LLC now owns 955 shares of the technology company's stock valued at $29,000 after purchasing an additional 447 shares during the period. Hexagon Capital Partners LLC increased its stake in Teradata by 111.4% during the 2nd quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company's stock valued at $33,000 after purchasing an additional 507 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Teradata by 2,934.1% in the third quarter. International Assets Investment Management LLC now owns 1,335 shares of the technology company's stock valued at $44,000 after buying an additional 1,291 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Teradata by 107.3% during the second quarter. Blue Trust Inc. now owns 2,017 shares of the technology company's stock valued at $70,000 after buying an additional 1,044 shares during the last quarter. Institutional investors own 90.31% of the company's stock.

Teradata Stock Up 0.5 %

TDC traded up $0.16 during trading on Monday, reaching $32.14. The stock had a trading volume of 380,970 shares, compared to its average volume of 935,049. Teradata Co. has a one year low of $24.02 and a one year high of $49.44. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 51.02, a P/E/G ratio of 2.97 and a beta of 0.80. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 6.87. The stock's 50 day moving average is $29.57 and its two-hundred day moving average is $31.82.

Teradata (NYSE:TDC - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The technology company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.16. The business had revenue of $436.00 million during the quarter, compared to analysts' expectations of $447.30 million. Teradata had a return on equity of 114.57% and a net margin of 3.45%. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 earnings per share. As a group, analysts expect that Teradata Co. will post 1.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TDC shares. Barclays decreased their price objective on shares of Teradata from $35.00 to $30.00 and set an "underweight" rating for the company in a research note on Tuesday, August 6th. JMP Securities cut shares of Teradata from an "outperform" rating to a "market perform" rating in a research note on Tuesday, August 6th. StockNews.com upgraded shares of Teradata from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, August 6th. Northland Securities lowered their price objective on Teradata from $49.00 to $38.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 6th. Finally, Morgan Stanley cut their target price on shares of Teradata from $44.00 to $30.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $40.64.

Insider Buying and Selling

In other news, insider Hillary Ashton sold 14,962 shares of the firm's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the sale, the insider now owns 121,382 shares of the company's stock, valued at $3,341,646.46. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Teradata news, insider Hillary Ashton sold 14,962 shares of the business's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total transaction 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Margaret A. Treese sold 5,500 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $28.50, for a total transaction of $156,750.00. Following the completion of the transaction, the insider now owns 96,783 shares in the company, valued at $2,758,315.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

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.