Envestnet Asset Management Inc. Boosts Stake in Teradata Corporation (NYSE:TDC)

Envestnet Asset Management Inc. increased its position in Teradata Corporation (NYSE:TDC - Free Report) by 63.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 149,462 shares of the technology company's stock after purchasing an additional 58,040 shares during the period. Envestnet Asset Management Inc. owned 0.16% of Teradata worth $3,360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Teradata during the 4th quarter valued at approximately $36,315,000. SG Americas Securities LLC raised its stake in shares of Teradata by 1,220.2% during the first quarter. SG Americas Securities LLC now owns 45,019 shares of the technology company's stock worth $1,012,000 after purchasing an additional 41,609 shares during the last quarter. Penserra Capital Management LLC raised its stake in shares of Teradata by 41.0% during the first quarter. Penserra Capital Management LLC now owns 502,048 shares of the technology company's stock worth $11,286,000 after purchasing an additional 146,030 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of Teradata during the fourth quarter worth approximately $631,000. Finally, Wedge Capital Management L L P NC raised its stake in shares of Teradata by 29.3% during the first quarter. Wedge Capital Management L L P NC now owns 74,831 shares of the technology company's stock worth $1,682,000 after purchasing an additional 16,959 shares during the last quarter. 90.31% of the stock is owned by hedge funds and other institutional investors.

Teradata Trading Up 2.0%

Teradata stock opened at $22.03 on Friday. The firm's 50-day moving average is $22.09 and its 200-day moving average is $23.82. 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 Corporation has a 1 year low of $18.43 and a 1 year high of $33.69. The company has a market cap of $2.11 billion, a P/E ratio of 15.52, a PEG ratio of 6.60 and a beta of 0.83.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TDC shares. Northland Securities downgraded Teradata from an "outperform" rating to a "market perform" rating and set a $21.00 target price for the company. in a research note on Wednesday, May 7th. Northland Capmk cut Teradata from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Guggenheim cut their price objective on Teradata from $37.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. UBS Group upgraded shares of Teradata from a "sell" rating to a "hold" rating and cut their price target for the company from $26.00 to $24.00 in a report on Friday, June 6th. Finally, Barclays cut their price target on shares of Teradata from $25.00 to $22.00 and set an "underweight" rating for the company in a report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus 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.

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