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

October 13, 2017 - By Vivian Park

 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 1.54 in 2017 Q2. Its up 0.44, from 1.1 in 2017Q1. The ratio is better, as 142 institutional investors increased and opened new stock positions, while 92 decreased and sold stakes in Tech Data Corp. The institutional investors in our partner’s database reported: 37.35 million shares, up from 35.06 million shares in 2017Q1. Also, the number of institutional investors holding Tech Data Corp in their top 10 stock positions was flat from 2 to 2 for the same number . Sold All: 34 Reduced: 58 Increased: 108 New Position: 34.

Tech Data Corporation is a wholesale distributor of technology products. The company has market cap of $3.56 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 17.61 P/E ratio. It operates through the segment of distributing technology products, logistics management and other value-added services.

The stock decreased 1.17% or $1.11 during the last trading session, reaching $93.38. About 349,320 shares traded. Tech Data Corp (NASDAQ:TECD) has risen 41.82% since October 13, 2016 and is uptrending. It has outperformed by 25.12% the S&P500.

Analysts expect Tech Data Corp (NASDAQ:TECD) to report $1.94 EPS on November, 28.They anticipate $0.50 EPS change or 34.72 % from last quarter’s $1.44 EPS. TECD’s profit would be $73.96M giving it 12.03 P/E if the $1.94 EPS is correct. After having $1.74 EPS previously, Tech Data Corp’s analysts see 11.49 % EPS growth.

Shayne & Co. Llc holds 8.52% of its portfolio in Tech Data Corp for 106,069 shares. Dean Capital Management owns 32,673 shares or 1.59% of their US portfolio. Moreover, Mesirow Financial Investment Management has 1.24% invested in the company for 183,332 shares. The Massachusetts-based Century Capital Management Llc has invested 1.09% in the stock. Leuthold Group Llc, a Minnesota-based fund reported 88,425 shares.#img1#

Since January 1, 0001, it had 0 buys, and 3 selling transactions for $1.52 million activity.

Tech Data Corp (NASDAQ:TECD) Ratings Coverage

Ratings analysis reveals 75% of Tech Data Corp’s analysts are positive. Out of 8 Wall Street analysts rating Tech Data Corp, 6 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $49 while the high is $130.0. The stock’s average target of $92.86 is -0.56% below today’s ($93.38) share price. TECD was included in 16 notes of analysts from August 18, 2015. On Tuesday, August 18 the stock rating was initiated by Bank of America with “Underperform”. Needham maintained the stock with “Buy” rating in Wednesday, October 11 report. The rating was upgraded by Bank of America on Tuesday, September 20 to “Buy”. The firm earned “Sell” rating on Friday, May 27 by Citigroup. On Tuesday, August 30 the stock rating was upgraded by Bank of America to “Neutral”. The stock of Tech Data Corp (NASDAQ:TECD) has “Underperform” rating given on Monday, October 12 by Raymond James. Loop Capital Markets maintained Tech Data Corp (NASDAQ:TECD) rating on Friday, September 1. Loop Capital Markets has “Buy” rating and $120.0 target. The stock of Tech Data Corp (NASDAQ:TECD) earned “Buy” rating by Stifel Nicolaus on Tuesday, September 20. The rating was upgraded by Citigroup to “Neutral” on Friday, June 2. The firm has “Buy” rating given on Monday, September 18 by Needham.

More notable recent Tech Data Corp (NASDAQ:TECD) news were published by: Globenewswire.com which released: “TECH DATA SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN …” on October 07, 2017, also Globenewswire.com with their article: “Federman & Sherwood Announces Filing of Securities Class Action Lawsuit …” published on September 25, 2017, Globenewswire.com published: “IMPORTANT TECH DATA CORPORATION INVESTOR ALERT: Wolf Haldenstein Adler Freeman …” on October 04, 2017. More interesting news about Tech Data Corp (NASDAQ:TECD) were released by: Bizjournals.com and their article: “Tech Data, the Rowdies help Tampa Bay make the case for Amazon’s HQ2 bid” published on October 10, 2017 as well as Benzinga.com‘s news article titled: “Investors Aren’t Fully Appreciating Dynamics Of Tech Data’s Relationship With …” with publication date: October 11, 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.