Pinebridge Investments L.P. Has $2.89 Million Stock Holdings in Teradata Co. (NYSE:TDC)

Pinebridge Investments L.P. increased its holdings in shares of Teradata Co. (NYSE:TDC - Free Report) by 159.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,750 shares of the technology company's stock after purchasing an additional 57,027 shares during the quarter. Pinebridge Investments L.P. owned approximately 0.10% of Teradata worth $2,889,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its stake in shares of Teradata by 5.2% during the 4th quarter. Pacer Advisors Inc. now owns 2,179,728 shares of the technology company's stock worth $67,899,000 after buying an additional 108,426 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Teradata by 8.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,217,654 shares of the technology company's stock worth $37,930,000 after purchasing an additional 91,211 shares in the last quarter. Norges Bank acquired a new stake in shares of Teradata in the 4th quarter valued at approximately $36,315,000. Victory Capital Management Inc. grew its stake in shares of Teradata by 742.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,127,141 shares of the technology company's stock valued at $35,110,000 after buying an additional 993,358 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Teradata by 1.2% during the fourth quarter. Bank of New York Mellon Corp now owns 930,008 shares of the technology company's stock worth $28,970,000 after buying an additional 10,747 shares during the last quarter. Institutional investors own 90.31% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TDC. JMP Securities reissued a "market perform" rating on shares of Teradata in a research report on Thursday, February 13th. Barclays lowered their price target on Teradata from $25.00 to $22.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Evercore ISI reduced their target price on Teradata from $37.00 to $32.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Royal Bank of Canada dropped their price target on Teradata from $32.00 to $29.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 12th. Finally, Morgan Stanley raised 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. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $33.70.

Teradata Stock Performance

Shares of Teradata stock traded down $0.22 during trading on Wednesday, reaching $21.50. The company's stock had a trading volume of 877,858 shares, compared to its average volume of 1,043,846. Teradata Co. has a 52 week low of $18.43 and a 52 week high of $38.45. The firm has a market cap of $2.06 billion, a PE ratio of 18.38, a P/E/G ratio of 6.23 and a beta of 0.87. The business's 50-day moving average price is $22.11 and its 200-day moving average price is $27.85. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.65.

Teradata (NYSE:TDC - Get Free Report) last announced its earnings results on Tuesday, February 11th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.14). Teradata had a return on equity of 149.16% and a net margin of 6.51%. Equities analysts forecast that Teradata Co. will post 1.31 earnings per share for the current year.

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.