December 1, 2016 - By Marie Mckinney · 0 Comments
Tech Data Corp (NASDAQ:TECD) institutional sentiment decreased to 0.8 in 2016 Q2. Its down -0.21, from 1.01 in 2016Q1. The ratio fall, as 118 institutional investors increased or opened new equity positions, while 117 decreased and sold their positions in Tech Data Corp. The institutional investors in our partner’s database now have: 36.54 million shares, down from 36.92 million shares in 2016Q1. Also, the number of institutional investors holding Tech Data Corp in their top 10 equity positions decreased from 2 to 1 for a decrease of 1. Sold All: 23 Reduced: 94 Increased: 82 New Position: 36.
Tech Data Corporation is a wholesale distributor of technology products. The company has a market cap of $2.97 billion. The Firm serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its clients with logistics capabilities and services. It has a 14.05 P/E ratio. It operates through the segment of distributing technology products, logistics management and other value-added services.
About 240,313 shares traded hands. Tech Data Corp (NASDAQ:TECD) has risen 20.31% since April 28, 2016 and is uptrending. It has outperformed by 14.39% the S&P500.
According to Zacks Investment Research, “Tech Data Corp. is a leading provider of internet technology products, logistics management and other value-added services. The company distributes microcomputer hardware and software products to value-added resellers, corporate resellers, retailers, direct marketers and Internet resellers. The company’s broad assortment of vendors and products meets the customers’ need for a cost effective link to those vendors’ products offered through a single source.”
Shayne & Co. Llc holds 6.66% of its portfolio in Tech Data Corp for 111,971 shares. Euclidean Technologies Management Llc owns 27,239 shares or 2.1% of their US portfolio. Moreover, Dean Capital Management has 2.07% invested in the company for 20,950 shares. The Pennsylvania-based S&T Bank Pa has invested 1.65% in the stock. Irving Magee Investment Management, a Pennsylvania-based fund reported 46,900 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 1 sale for $217,605 net activity.
Ratings analysis reveals 60% of Tech Data Corp’s analysts are positive. Out of 5 Wall Street analysts rating Tech Data Corp, 3 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. The lowest target is $49 while the high is $96. The stock’s average target of $75 is -11.13% below today’s ($84.39) share price. TECD was included in 9 notes of analysts from August 18, 2015. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, September 20. The rating was upgraded by Raymond James on Wednesday, November 25 to “Mkt Perform”. The company was initiated on Tuesday, August 18 by Bank of America. The firm has “Buy” rating given on Tuesday, September 20 by Bank of America. Citigroup maintained the shares of TECD in a report on Friday, May 27 with “Sell” rating. Citigroup maintained Tech Data Corp (NASDAQ:TECD) on Thursday, September 22 with “Sell” rating. Raymond James downgraded the shares of TECD in a report on Monday, October 12 to “Underperform” rating. The firm has “Neutral” rating by Bank of America given on Tuesday, August 30.
Tech Data Corporation, incorporated on November 19, 1974, is a wholesale distributor of technology products. The Firm serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its clients with logistics capabilities and services. It operates through the segment of distributing technology products, logistics management and other value-added services. The Firm operates in two geographic divisions: the Americas and Europe. In addition to product offerings, it provides resellers training and technical support suite of electronic commerce tools customized shipping documents product configuration or integration services and access to financing programs. The Company’s clients include value-added resellers (VARs), direct marketers, retailers and corporate resellers who support the diverse technology needs of end users. It sells its products to clients in approximately 100 countries throughout North America, South America, Europe, the Middle East and Africa.
Another recent and important Tech Data Corp (NASDAQ:TECD) news was published by Marketwatch.com which published an article titled: “Avnet’s stock jumps after $2.8 billion deal to sell assets to Tech Data” on September 19, 2016.
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By Marie Mckinney