Assenagon Asset Management S.A. Lowers Holdings in Teradata Corporation $TDC

Key Points

• Assenagon Asset Management S.A. has reduced its holdings in Teradata Corporation by 60.5%, now owning 431,743 shares valued at approximately $9.6 million.
• Analysts have mixed views on Teradata, with UBS lowering its price target to $23.00, while Wall Street Zen upgraded the stock to a "buy" rating.
• Teradata reported earnings of $0.47 per share, exceeding estimates, but its revenue declined 6.4% year-over-year, highlighting ongoing challenges.

Assenagon Asset Management S.A. trimmed its position in shares of Teradata Corporation (NYSE:TDC - Free Report) by 60.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 431,743 shares of the technology company's stock after selling 661,285 shares during the quarter. Assenagon Asset Management S.A. owned about 0.45% of Teradata worth $9,632,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vise Technologies Inc. lifted its stake in shares of Teradata by 7.4% in the fourth quarter. Vise Technologies Inc. now owns 9,562 shares of the technology company's stock worth $298,000 after buying an additional 662 shares in the last quarter. US Bancorp DE lifted its position in Teradata by 23.0% in the 1st quarter. US Bancorp DE now owns 4,337 shares of the technology company's stock valued at $97,000 after acquiring an additional 811 shares in the last quarter. Deutsche Bank AG boosted its stake in Teradata by 0.7% during the 1st quarter. Deutsche Bank AG now owns 130,567 shares of the technology company's stock valued at $2,935,000 after purchasing an additional 907 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Teradata by 153.1% in the 1st quarter. UMB Bank n.a. now owns 1,906 shares of the technology company's stock worth $43,000 after purchasing an additional 1,153 shares in the last quarter. Finally, Tsfg LLC purchased a new position in shares of Teradata in the first quarter worth $26,000. 90.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TDC shares. UBS Group decreased their price objective on shares of Teradata from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Zacks Research lowered shares of Teradata from a "hold" rating to a "strong sell" rating in a research note on Monday, September 8th. Finally, Wall Street Zen raised Teradata from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Teradata has an average rating of "Hold" and an average price target of $26.86.

Teradata Price Performance

TDC opened at $22.34 on Wednesday. The stock has a market cap of $2.11 billion, a P/E ratio of 19.77, a PEG ratio of 5.70 and a beta of 0.78. Teradata Corporation has a 52-week low of $18.43 and a 52-week high of $33.69. The business has a fifty day moving average of $21.27 and a 200 day moving average of $21.76. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.78.

Teradata (NYSE:TDC - Get Free Report) last issued its earnings results on Tuesday, August 5th. The technology company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.06. Teradata had a return on equity of 96.29% and a net margin of 6.57%.The business had revenue of $408.00 million during the quarter, compared to analysts' expectations of $399.73 million. During the same period in the prior year, the business earned $0.64 EPS. The business's revenue for the quarter was down 6.4% compared to the same quarter last year. Teradata has set its Q3 2025 guidance at 0.510-0.55 EPS. FY 2025 guidance at 2.170-2.25 EPS. As a group, sell-side analysts anticipate that Teradata Corporation will post 1.31 EPS for the current year.

Teradata Company 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.

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