Allianz Asset Management GmbH Purchases 158,804 Shares of Teradata Corporation (NYSE:TDC)

Allianz Asset Management GmbH raised its stake in Teradata Corporation (NYSE:TDC - Free Report) by 21.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 892,228 shares of the technology company's stock after purchasing an additional 158,804 shares during the period. Allianz Asset Management GmbH owned approximately 0.93% of Teradata worth $20,057,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Ameriprise Financial Inc. raised its stake in shares of Teradata by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 5,450,428 shares of the technology company's stock valued at $169,756,000 after buying an additional 599,394 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Teradata by 17.2% during the 4th quarter. AQR Capital Management LLC now owns 2,839,658 shares of the technology company's stock worth $88,029,000 after purchasing an additional 416,585 shares in the last quarter. Norges Bank acquired a new stake in Teradata in the 4th quarter valued at about $36,315,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Teradata by 2.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,124,088 shares of the technology company's stock valued at $35,015,000 after acquiring an additional 30,394 shares in the last quarter. Finally, Northern Trust Corp increased its position in Teradata by 30.5% in the 4th quarter. Northern Trust Corp now owns 1,101,181 shares of the technology company's stock valued at $34,302,000 after acquiring an additional 257,649 shares in the last quarter. 90.31% of the stock is owned by institutional investors.

Teradata Stock Up 2.0%

TDC traded up $0.42 during trading on Friday, reaching $22.03. 952,706 shares of the stock were exchanged, compared to its average volume of 986,464. The stock has a market cap of $2.11 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 6.46 and a beta of 0.83. Teradata Corporation has a twelve month low of $18.43 and a twelve month high of $33.69. The stock's 50 day moving average price is $22.09 and its two-hundred day moving average price is $23.87. The company has a debt-to-equity ratio of 3.11, a quick ratio of 0.82 and a current ratio of 0.84.

Teradata (NYSE:TDC - Get Free Report) last issued its earnings results on Tuesday, May 6th. The technology company reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.09. Teradata had a net margin of 8.10% and a return on equity of 129.98%. The business had revenue of $418.00 million for the quarter, compared to the consensus estimate of $423.85 million. During the same period in the previous year, the company earned $0.57 earnings per share. The firm's revenue for the quarter was down 10.1% on a year-over-year basis. Equities analysts expect that Teradata Corporation will post 1.31 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Morgan Stanley upgraded shares of Teradata from an "equal weight" rating to an "overweight" rating and set a $26.00 price objective for the company in a research report on Tuesday, April 8th. Wall Street Zen raised shares of Teradata from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. UBS Group raised shares of Teradata from a "sell" rating to a "hold" rating and reduced their target price for the company from $26.00 to $24.00 in a research note on Friday, June 6th. Guggenheim reduced their target price on shares of Teradata from $37.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Northland Capmk lowered shares of Teradata from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $27.25.

Teradata 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.