Swiss National Bank raised its stake in Tech Data Corp (NASDAQ:TECD) by 2.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 65,000 shares of the company’s stock after buying an additional 1,700 shares during the period. Swiss National Bank’s holdings in Tech Data were worth $6,368,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in TECD. Dynamic Technology Lab Private Ltd purchased a new stake in Tech Data in the 3rd quarter valued at about $201,000. C M Bidwell & Associates Ltd. purchased a new stake in Tech Data in the 4th quarter valued at about $204,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Tech Data by 39.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,085 shares of the company’s stock valued at $204,000 after buying an additional 595 shares during the period. Creative Planning purchased a new stake in Tech Data in the 4th quarter valued at about $205,000. Finally, Cipher Capital LP purchased a new stake in Tech Data in the 3rd quarter valued at about $206,000. 99.27% of the stock is owned by institutional investors.
In other news, COO Richard T. Hume sold 3,100 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $98.06, for a total value of $303,986.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by corporate insiders.
Shares of Tech Data Corp (NASDAQ TECD) opened at $102.48 on Monday. Tech Data Corp has a 52-week low of $81.42 and a 52-week high of $111.10. The firm has a market cap of $3,910.00, a P/E ratio of 19.56, a PEG ratio of 0.44 and a beta of 0.69. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.35 and a quick ratio of 0.89.
Tech Data Company 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 Corp (NASDAQ:TECD).
Receive News & Ratings for Tech Data Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tech Data and related companies with MarketBeat.com's FREE daily email newsletter.