Tech Data Corporation (TECD) Shares Bought by PEAK6 Investments L.P.

PEAK6 Investments L.P. boosted its stake in Tech Data Corporation (NASDAQ:TECD) by 316.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 8,457 shares of the company’s stock after acquiring an additional 6,427 shares during the quarter. PEAK6 Investments L.P.’s holdings in Tech Data were worth $751,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH boosted its position in shares of Tech Data by 77.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 211,277 shares of the company’s stock valued at $18,772,000 after acquiring an additional 92,471 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Tech Data by 39.6% during the 3rd quarter. Stifel Financial Corp now owns 24,750 shares of the company’s stock valued at $2,198,000 after acquiring an additional 7,018 shares during the last quarter. KBC Group NV boosted its position in shares of Tech Data by 4.6% during the 3rd quarter. KBC Group NV now owns 34,601 shares of the company’s stock valued at $3,074,000 after acquiring an additional 1,512 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Tech Data by 9.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 477,308 shares of the company’s stock valued at $42,409,000 after acquiring an additional 41,676 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Tech Data by 163.1% during the 3rd quarter. Wells Fargo & Company MN now owns 215,384 shares of the company’s stock valued at $19,137,000 after acquiring an additional 133,530 shares during the last quarter. 98.38% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Tech Data Corporation (NASDAQ TECD) opened at $95.34 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 1.35. Tech Data Corporation has a one year low of $81.42 and a one year high of $111.10. The firm has a market cap of $3,642.87, a P/E ratio of 11.85, a P/E/G ratio of 0.48 and a beta of 0.78.

Tech Data (NASDAQ:TECD) last announced its quarterly earnings results on Monday, November 27th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.10. The firm had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $9.10 billion. Tech Data had a return on equity of 11.90% and a net margin of 0.59%. The firm’s quarterly revenue was up 40.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.44 earnings per share. analysts predict that Tech Data Corporation will post 9.14 EPS for the current fiscal year.

In related news, COO Richard T. Hume sold 3,100 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $98.06, for a total value of $303,986.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Several analysts recently issued reports on TECD shares. Northcoast Research upgraded shares of Tech Data from a “neutral” rating to a “buy” rating in a report on Tuesday, September 5th. Zacks Investment Research lowered shares of Tech Data from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. Citigroup reiterated a “hold” rating and set a $100.00 price target on shares of Tech Data in a research note on Friday, September 1st. Stifel Nicolaus cut their price target on shares of Tech Data from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, September 1st. Finally, Loop Capital reiterated a “buy” rating and set a $120.00 price target (down from $130.00) on shares of Tech Data in a research note on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $112.33.

ILLEGAL ACTIVITY WARNING: “Tech Data Corporation (TECD) Shares Bought by PEAK6 Investments L.P.” was first published by Ticker Report and is the property of of Ticker Report. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://www.tickerreport.com/banking-finance/3079507/tech-data-corporation-tecd-shares-bought-by-peak6-investments-l-p.html.

Tech Data Profile

Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its customers with logistics capabilities and services. It operates through the segment of distributing technology products, logistics management and other value-added services.

Want to see what other hedge funds are holding TECD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tech Data Corporation (NASDAQ:TECD).

Institutional Ownership by Quarter for Tech Data (NASDAQ:TECD)

Receive News & Ratings for Tech Data Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tech Data Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.