TD SYNNEX Co. (NYSE:SNX) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB decreased its holdings in shares of TD SYNNEX Co. (NYSE:SNX - Free Report) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,099,009 shares of the business services provider's stock after selling 37,555 shares during the period. Nordea Investment Management AB owned about 1.29% of TD SYNNEX worth $128,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in TD SYNNEX in the 3rd quarter valued at $30,000. UMB Bank n.a. lifted its stake in shares of TD SYNNEX by 99.3% in the third quarter. UMB Bank n.a. now owns 289 shares of the business services provider's stock worth $35,000 after buying an additional 144 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in TD SYNNEX during the third quarter worth about $37,000. Ashton Thomas Private Wealth LLC purchased a new stake in TD SYNNEX during the 2nd quarter valued at about $52,000. Finally, Point72 DIFC Ltd purchased a new position in TD SYNNEX in the 3rd quarter worth approximately $55,000. Institutional investors and hedge funds own 84.00% of the company's stock.

TD SYNNEX Stock Up 3.9 %

Shares of TD SYNNEX stock traded up $4.62 during trading hours on Tuesday, reaching $122.92. 756,714 shares of the company were exchanged, compared to its average volume of 531,779. TD SYNNEX Co. has a 1 year low of $98.70 and a 1 year high of $133.85. The firm has a market cap of $10.46 billion, a PE ratio of 15.90, a PEG ratio of 1.14 and a beta of 1.46. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.77 and a current ratio of 1.25. The stock's fifty day moving average is $119.58 and its 200 day moving average is $117.79.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Loop Capital reaffirmed a "buy" rating and issued a $150.00 target price on shares of TD SYNNEX in a research note on Monday, October 7th. StockNews.com cut shares of TD SYNNEX from a "buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Barclays lifted their price target on shares of TD SYNNEX from $131.00 to $132.00 and gave the company an "equal weight" rating in a research report on Friday, September 27th. Barrington Research reissued an "outperform" rating and set a $138.00 target price on shares of TD SYNNEX in a research note on Monday, September 23rd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $140.00 price target on shares of TD SYNNEX in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $134.75.

Insider Transactions at TD SYNNEX

In related news, Director Richard T. Hume sold 20,000 shares of the business's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $117.62, for a total transaction of $2,352,400.00. Following the completion of the sale, the director now owns 111,080 shares in the company, valued at $13,065,229.60. The trade was a 15.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Marshall Witt sold 5,653 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $121.15, for a total transaction of $684,860.95. Following the completion of the transaction, the chief financial officer now owns 38,279 shares in the company, valued at $4,637,500.85. This represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,466 shares of company stock valued at $9,115,980. 1.90% of the stock is currently owned by corporate insiders.

About TD SYNNEX

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.