Nordea Investment Management AB lowered its position in Teradata Corporation (NYSE:TDC – Free Report) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 186,759 shares of the technology company’s stock after selling 1,544 shares during the period. Nordea Investment Management AB owned about 0.20% of Teradata worth $4,163,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in TDC. Lynrock Lake LP raised its holdings in shares of Teradata by 37.6% in the first quarter. Lynrock Lake LP now owns 9,416,666 shares of the technology company’s stock valued at $211,687,000 after purchasing an additional 2,572,320 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Teradata in the first quarter valued at about $25,116,000. LSV Asset Management grew its position in Teradata by 95.6% during the first quarter. LSV Asset Management now owns 1,588,999 shares of the technology company’s stock valued at $35,721,000 after buying an additional 776,799 shares during the period. Vanguard Group Inc. grew its position in Teradata by 5.6% during the first quarter. Vanguard Group Inc. now owns 13,774,843 shares of the technology company’s stock valued at $309,658,000 after buying an additional 728,333 shares during the period. Finally, Boston Trust Walden Corp grew its position in Teradata by 21.6% during the second quarter. Boston Trust Walden Corp now owns 1,966,309 shares of the technology company’s stock valued at $43,868,000 after buying an additional 349,439 shares during the period. Hedge funds and other institutional investors own 90.31% of the company’s stock.
Teradata Price Performance
Shares of NYSE:TDC opened at $21.30 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.78. The firm has a market capitalization of $2.01 billion, a PE ratio of 18.85, a P/E/G ratio of 5.28 and a beta of 0.77. Teradata Corporation has a twelve month low of $18.43 and a twelve month high of $33.69. The company has a 50-day moving average price of $21.40 and a two-hundred day moving average price of $21.60.
Analyst Ratings Changes
TDC has been the subject of several research reports. Zacks Research lowered shares of Teradata from a “hold” rating to a “strong sell” rating in a research report on Monday, September 8th. UBS Group reduced their price target on shares of Teradata from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Teradata in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Teradata from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.86.
Check Out Our Latest Report on Teradata
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.
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