Dimensional Fund Advisors LP lowered its stake in Teradata Co. (NYSE:TDC - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,477,791 shares of the technology company's stock after selling 30,493 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.54% of Teradata worth $46,033,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of TDC. Norges Bank purchased a new stake in shares of Teradata in the fourth quarter valued at $36,315,000. Victory Capital Management Inc. raised its stake in Teradata by 742.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company's stock valued at $35,110,000 after purchasing an additional 993,358 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Teradata by 470.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 495,539 shares of the technology company's stock valued at $15,436,000 after purchasing an additional 408,595 shares in the last quarter. LSV Asset Management boosted its stake in shares of Teradata by 98.0% during the 4th quarter. LSV Asset Management now owns 812,200 shares of the technology company's stock worth $25,300,000 after purchasing an additional 401,921 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Teradata by 73.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 768,892 shares of the technology company's stock valued at $23,951,000 after buying an additional 324,442 shares during the last quarter. Institutional investors and hedge funds own 90.31% of the company's stock.
Analysts Set New Price Targets
A number of brokerages recently issued reports on TDC. Guggenheim decreased their target price on shares of Teradata from $42.00 to $37.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. StockNews.com downgraded Teradata from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 8th. JMP Securities reiterated a "market perform" rating on shares of Teradata in a research report on Thursday, February 13th. Royal Bank of Canada lowered their price target on Teradata from $32.00 to $29.00 and set a "sector perform" rating for the company in a report on Wednesday, February 12th. Finally, Barclays cut their price objective on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Teradata has an average rating of "Hold" and a consensus target price of $33.70.
Read Our Latest Report on Teradata
Teradata Stock Up 2.1 %
TDC opened at $22.09 on Friday. The company has a market cap of $2.12 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 6.23 and a beta of 0.87. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.79 and a current ratio of 0.81. Teradata Co. has a 1 year low of $18.43 and a 1 year high of $38.45. The firm has a 50 day moving average price of $21.98 and a 200 day moving average price of $27.64.
Teradata (NYSE:TDC - Get Free Report) last issued its earnings results on Tuesday, February 11th. The technology company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.14). Teradata had a net margin of 6.51% and a return on equity of 149.16%. Sell-side analysts expect that Teradata Co. will post 1.31 earnings per share for the current year.
About Teradata
(
Free Report)
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.
Further Reading
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