Commonwealth Bank of Australia continued to hold its position in shares of Tech Data Corp. (NASDAQ:TECD) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,546 shares of the company’s stock at the end of the third quarter. Commonwealth Bank of Australia’s holdings in Tech Data Corp. were worth $1,402,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the company. Weaver C. Barksdale & Associates Inc. raised its stake in Tech Data Corp. by 18.5% in the third quarter. Weaver C. Barksdale & Associates Inc. now owns 1,745 shares of the company’s stock worth $148,000 after buying an additional 272 shares in the last quarter. LS Investment Advisors LLC raised its stake in Tech Data Corp. by 71.9% in the second quarter. LS Investment Advisors LLC now owns 2,102 shares of the company’s stock worth $151,000 after buying an additional 879 shares in the last quarter. Creative Planning raised its stake in Tech Data Corp. by 4.7% in the third quarter. Creative Planning now owns 1,897 shares of the company’s stock worth $161,000 after buying an additional 86 shares in the last quarter. Jane Street Group LLC purchased a new stake in Tech Data Corp. during the second quarter worth $208,000. Finally, Capital Fund Management S.A. purchased a new stake in Tech Data Corp. during the third quarter worth $208,000.
Tech Data Corp. (NASDAQ:TECD) traded down 0.68% during trading on Thursday, hitting $84.17. 265,126 shares of the stock traded hands. The firm has a market cap of $2.96 billion, a PE ratio of 14.00 and a beta of 0.90. The firm has a 50-day moving average price of $86.68 and a 200 day moving average price of $80.74. Tech Data Corp. has a 12 month low of $58.23 and a 12 month high of $91.47.
Tech Data Corp. (NASDAQ:TECD) last issued its quarterly earnings results on Tuesday, November 22nd. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.26 by $0.18. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.36 billion. Tech Data Corp. had a net margin of 0.81% and a return on equity of 10.51%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 EPS. On average, equities analysts forecast that Tech Data Corp. will post $6.07 EPS for the current fiscal year.
A number of research firms have recently weighed in on TECD. Zacks Investment Research upgraded shares of Tech Data Corp. from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a report on Tuesday. Citigroup Inc. increased their target price on shares of Tech Data Corp. from $59.00 to $80.00 and gave the stock a “sell” rating in a report on Thursday, September 22nd. Finally, Brean Capital reiterated a “buy” rating on shares of Tech Data Corp. in a report on Tuesday, January 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $96.50.
In related news, insider John A. Tonnison sold 2,515 shares of the company’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $86.52, for a total transaction of $217,597.80. Following the transaction, the insider now directly owns 27,484 shares in the company, valued at approximately $2,377,915.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Alain Amsellem sold 3,467 shares of the company’s stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $85.50, for a total transaction of $296,428.50. The disclosure for this sale can be found here. Insiders have sold a total of 10,982 shares of company stock worth $948,851 over the last quarter. 1.80% of the stock is currently owned by insiders.
About Tech Data Corp.
Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its customers with logistics capabilities and services. It operates through the segment of distributing technology products, logistics management and other value-added services.
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