Martingale Asset Management L P trimmed its stake in Tech Data Corp (NASDAQ:TECD) by 24.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 67,725 shares of the company’s stock after selling 22,497 shares during the period. Martingale Asset Management L P’s holdings in Tech Data were worth $6,636,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. C M Bidwell & Associates Ltd. bought a new position in shares of Tech Data in the 4th quarter valued at approximately $204,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of 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 acquiring an additional 595 shares in the last quarter. Creative Planning acquired a new stake in Tech Data in the 4th quarter valued at approximately $205,000. CAPROCK Group Inc. acquired a new stake in Tech Data in the 4th quarter valued at approximately $226,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Tech Data in the 3rd quarter valued at approximately $201,000. 99.27% of the stock is currently owned by institutional investors and hedge funds.
In other news, COO Richard T. Hume sold 3,100 shares of Tech Data stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $98.06, for a total transaction of $303,986.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.
Shares of Tech Data Corp (NASDAQ TECD) opened at $102.48 on Monday. The stock has a market capitalization of $3,909.94, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 0.44 and a beta of 0.69. The company has a quick ratio of 0.89, a current ratio of 1.35 and a debt-to-equity ratio of 0.66. Tech Data Corp has a fifty-two week low of $81.42 and a fifty-two week high of $111.10.
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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.
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