Oakview Capital Management L.P. Purchases New Stake in Teradata Co. (NYSE:TDC)

Oakview Capital Management L.P. purchased a new stake in Teradata Co. (NYSE:TDC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 447,520 shares of the technology company’s stock, valued at approximately $13,873,000. Teradata comprises about 4.7% of Oakview Capital Management L.P.’s investment portfolio, making the stock its 14th biggest position. Oakview Capital Management L.P. owned about 0.39% of Teradata at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Advisory Services Network LLC increased its holdings in shares of Teradata by 25.4% in the second quarter. Advisory Services Network LLC now owns 1,347 shares of the technology company’s stock valued at $48,000 after purchasing an additional 273 shares during the last quarter. World Asset Management Inc increased its stake in Teradata by 3.4% during the second quarter. World Asset Management Inc now owns 8,986 shares of the technology company’s stock worth $322,000 after acquiring an additional 294 shares during the last quarter. Profund Advisors LLC increased its stake in Teradata by 2.9% during the second quarter. Profund Advisors LLC now owns 12,484 shares of the technology company’s stock worth $448,000 after acquiring an additional 347 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Teradata by 7.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,185 shares of the technology company’s stock worth $223,000 after acquiring an additional 481 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Teradata by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 47,953 shares of the technology company’s stock worth $1,719,000 after acquiring an additional 671 shares during the last quarter. 99.12% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on the company. Royal Bank of Canada cut their target price on Teradata to $40.00 and set a “market perform” rating for the company in a research note on Friday, August 2nd. ValuEngine cut Teradata from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Barclays set a $27.00 target price on Teradata and gave the stock a “sell” rating in a research note on Friday, November 1st. Deutsche Bank cut their target price on Teradata from $42.00 to $32.00 and set a “hold” rating for the company in a research note on Tuesday, October 22nd. Finally, Morgan Stanley raised their target price on Teradata from $57.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Teradata currently has an average rating of “Hold” and a consensus price target of $40.25.

Shares of NYSE TDC traded up $0.70 during trading on Thursday, reaching $30.95. The stock had a trading volume of 28,436 shares, compared to its average volume of 835,553. Teradata Co. has a fifty-two week low of $27.95 and a fifty-two week high of $49.42. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.26 and a current ratio of 1.31. The business’s 50-day moving average price is $30.08 and its 200-day moving average price is $34.38. The company has a market cap of $3.50 billion, a P/E ratio of 35.17, a PEG ratio of 1.67 and a beta of 1.19.

Teradata declared that its board has initiated a share buyback plan on Thursday, August 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 11.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

About Teradata

Teradata Corporation provides hybrid cloud analytics software. Its solutions and services comprise software, hardware, and related business consulting and support services to deliver analytics in company's analytical ecosystem. It operates through three segments: North America and Latin America region; Europe, Middle East and Africa region; and Asia Pacific and Japan region.

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Institutional Ownership by Quarter for Teradata (NYSE:TDC)

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