Tech Data Corp (NASDAQ:TECD) Institutional Investor Sentiment Analysis

July 17, 2017 - By Dolores Ford

 Tech Data Corp (NASDAQ:TECD) Institutional Investor Sentiment Analysis

Sentiment for Tech Data Corp (NASDAQ:TECD)

Tech Data Corp (NASDAQ:TECD) institutional sentiment increased to 1.04 in 2016 Q4. Its up 0.24, from 0.8 in 2016Q3. The ratio increased, as 121 active investment managers started new or increased positions, while 116 sold and reduced stock positions in Tech Data Corp. The active investment managers in our partner’s database now possess: 34.75 million shares, down from 35.46 million shares in 2016Q3. Also, the number of active investment managers holding Tech Data Corp in their top 10 positions decreased from 2 to 1 for a decrease of 1. Sold All: 27 Reduced: 89 Increased: 78 New Position: 43.

Tech Data Corporation is a wholesale distributor of technology products. The company has market cap of $4.04 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 19.66 P/E ratio. It operates through the segment of distributing technology products, logistics management and other value-added services.

About 47,569 shares traded. Tech Data Corp (NASDAQ:TECD) has risen 41.82% since July 17, 2016 and is uptrending. It has outperformed by 25.12% the S&P500.

Shayne & Co. Llc holds 6.94% of its portfolio in Tech Data Corp for 107,522 shares. Euclidean Technologies Management Llc owns 24,939 shares or 1.94% of their US portfolio. Moreover, Irving Magee Investment Management has 1.54% invested in the company for 46,900 shares. The Alabama-based Mesirow Financial Investment Management has invested 1.24% in the stock. Dean Capital Management, a Kansas-based fund reported 14,933 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 8 insider sales for $2.65 million activity.

Tech Data Corp (NASDAQ:TECD) Ratings Coverage

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”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $49 while the high is $96. The stock’s average target of $75 is -29.05% below today’s ($105.71) share price. TECD was included in 10 notes of analysts from August 18, 2015. The company was downgraded on Monday, October 12 by Raymond James. The rating was maintained by Citigroup on Thursday, September 22 with “Sell”. The stock of Tech Data Corp (NASDAQ:TECD) earned “Neutral” rating by Citigroup on Friday, June 2. Stifel Nicolaus upgraded the stock to “Buy” rating in Tuesday, September 20 report. The firm has “Neutral” rating given on Tuesday, August 30 by Bank of America. The firm has “Buy” rating given on Tuesday, September 20 by Bank of America. Citigroup maintained Tech Data Corp (NASDAQ:TECD) on Friday, May 27 with “Sell” rating. Bank of America initiated Tech Data Corp (NASDAQ:TECD) on Tuesday, August 18 with “Underperform” rating. Raymond James upgraded Tech Data Corp (NASDAQ:TECD) on Wednesday, November 25 to “Mkt Perform” rating.

More important recent Tech Data Corp (NASDAQ:TECD) news were published by: Prnewswire.com which released: “Tech Data Corporation Reports First Quarter Fiscal Year 2018 Results” on June 01, 2017, also Prnewswire.com published article titled: “C2FO Announces Five-Year Global Partnership Extension with Tech Data Corporation”, Globenewswire.com published: “SolarWinds Announces Expanded Distribution Partnership With Tech Data …” on July 12, 2017. More interesting news about Tech Data Corp (NASDAQ:TECD) was released by: Reuters.com and their article: “BRIEF-C2FO announces 5-yr partnership extension with Tech Data Corp” with publication date: June 20, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: