The Manufacturers Life Insurance Company purchased a new stake in Teradata Corporation (NYSE:TDC – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 46,329 shares of the technology company’s stock, valued at approximately $1,605,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of TDC. BlackRock Inc. acquired a new position in Teradata in the second quarter valued at $567,999,000. AQR Capital Management LLC boosted its stake in shares of Teradata by 175.3% during the second quarter. AQR Capital Management LLC now owns 3,913,277 shares of the technology company’s stock worth $86,914,000 after buying an additional 2,491,938 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Teradata during the fourth quarter worth about $67,125,000. Defiance ETFs LLC purchased a new position in shares of Teradata during the fourth quarter worth about $38,968,000. Finally, Quantinno Capital Management LP increased its position in Teradata by 1,158.9% in the 1st quarter. Quantinno Capital Management LP now owns 1,294,502 shares of the technology company’s stock valued at $33,178,000 after acquiring an additional 1,191,677 shares during the period. 90.31% of the stock is owned by hedge funds and other institutional investors.
Teradata Price Performance
Shares of NYSE:TDC opened at $28.79 on Friday. Teradata Corporation has a 52 week low of $20.25 and a 52 week high of $41.78. The company has a 50-day moving average price of $30.25 and a 200 day moving average price of $29.86. The company has a market cap of $2.68 billion, a P/E ratio of 6.06, a PEG ratio of 2.10 and a beta of 0.58. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.08.
Insiders Place Their Bets
In related news, Director Timothy Chou sold 5,657 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $33.72, for a total transaction of $190,754.04. Following the transaction, the director owned 39,210 shares of the company’s stock, valued at $1,322,161.20. This represents a 12.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.96% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Zacks Research cut Teradata from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Teradata in a report on Wednesday, June 24th. Citigroup cut their price target on Teradata from $39.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Barclays decreased their price target on Teradata from $28.00 to $27.00 and set an “underweight” rating for the company in a report on Wednesday, August 5th. Finally, UBS Group lifted their price objective on shares of Teradata from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Teradata presently has a consensus rating of “Hold” and a consensus target price of $34.78.
View Our Latest Stock Analysis on Teradata
Teradata Company 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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