Pacer Advisors Inc. lowered its stake in Teradata Corporation (NYSE:TDC – Free Report) by 35.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 370,491 shares of the technology company’s stock after selling 203,431 shares during the quarter. Pacer Advisors Inc.’s holdings in Teradata were worth $11,278,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Teradata by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 12,953,545 shares of the technology company’s stock valued at $394,306,000 after acquiring an additional 612,624 shares during the period. New Age Alpha Advisors LLC raised its holdings in Teradata by 1,388.0% during the fourth quarter. New Age Alpha Advisors LLC now owns 128,343 shares of the technology company’s stock worth $3,907,000 after purchasing an additional 119,718 shares in the last quarter. Comerica Bank lifted its position in Teradata by 60.1% in the fourth quarter. Comerica Bank now owns 96,539 shares of the technology company’s stock worth $2,939,000 after purchasing an additional 36,230 shares during the period. JPMorgan Chase & Co. lifted its position in Teradata by 8.5% in the third quarter. JPMorgan Chase & Co. now owns 703,679 shares of the technology company’s stock worth $15,136,000 after purchasing an additional 55,307 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Teradata by 43.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 564,068 shares of the technology company’s stock valued at $17,170,000 after purchasing an additional 171,153 shares in the last quarter. Institutional investors own 90.31% of the company’s stock.
Teradata Stock Down 0.3%
TDC stock opened at $30.77 on Friday. The firm has a market cap of $2.90 billion, a PE ratio of 7.06, a P/E/G ratio of 2.32 and a beta of 0.60. Teradata Corporation has a 12 month low of $19.83 and a 12 month high of $41.78. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.30 and a quick ratio of 1.29. The firm has a 50 day simple moving average of $30.77 and a 200 day simple moving average of $29.85.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Zacks Research cut Teradata from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. UBS Group cut their price objective on Teradata from $36.00 to $34.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Citigroup reaffirmed a “market outperform” rating on shares of Teradata in a research note on Friday, May 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Teradata in a report on Friday, March 27th. Finally, Wall Street Zen raised Teradata from a “buy” rating to a “strong-buy” rating in a report on Saturday. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Teradata presently has a consensus rating of “Hold” and a consensus price target of $35.67.
Read Our Latest Report on Teradata
Insider Transactions at Teradata
In other news, CRO Richard J. Petley sold 17,227 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $35.00, for a total transaction of $602,945.00. Following the completion of the sale, the executive directly owned 188,571 shares of the company’s stock, valued at $6,599,985. This trade represents a 8.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Mcmillan sold 20,000 shares of Teradata stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $31.71, for a total value of $634,200.00. Following the completion of the transaction, the chief executive officer owned 762,446 shares in the company, valued at $24,177,162.66. The trade was a 2.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 77,201 shares of company stock valued at $2,486,235 in the last three months. 0.96% of the stock is currently owned by corporate insiders.
Teradata Profile
Teradata Corporation is a global provider of enterprise analytics and data management solutions designed to help organizations unlock value from their data assets. The company offers both cloud-based and on-premises platforms that support data warehousing, big data analytics, and machine learning. Through its flagship analytics ecosystem, Teradata enables businesses to integrate, analyze, and manage large volumes of structured and unstructured data at scale.
Central to Teradata’s product suite is the Teradata Vantage analytics platform, which unifies diverse data types across multiple environments—including public and private clouds—into a single, coherent architecture.
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