Principal Financial Group Inc. Sells 17,318 Shares of Teradata Co. (NYSE:TDC)

Principal Financial Group Inc. reduced its position in Teradata Co. (NYSE:TDC – Get Rating) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 401,150 shares of the technology company’s stock after selling 17,318 shares during the quarter. Principal Financial Group Inc. owned approximately 0.39% of Teradata worth $13,503,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC boosted its stake in shares of Teradata by 4.1% in the 4th quarter. HighTower Advisors LLC now owns 11,340 shares of the technology company’s stock valued at $378,000 after purchasing an additional 449 shares during the last quarter. Arizona State Retirement System boosted its stake in Teradata by 2.0% during the fourth quarter. Arizona State Retirement System now owns 29,007 shares of the technology company’s stock worth $976,000 after acquiring an additional 555 shares in the last quarter. Lindbrook Capital LLC boosted its stake in Teradata by 23.0% during the fourth quarter. Lindbrook Capital LLC now owns 3,306 shares of the technology company’s stock worth $111,000 after acquiring an additional 619 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Teradata by 48.6% during the first quarter. Lazard Asset Management LLC now owns 1,933 shares of the technology company’s stock worth $95,000 after acquiring an additional 632 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Teradata by 24.0% during the second quarter. Macquarie Group Ltd. now owns 3,601 shares of the technology company’s stock worth $133,000 after acquiring an additional 697 shares in the last quarter. 90.92% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Kathleen R. Cullen-Cote sold 24,400 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $40.78, for a total value of $995,032.00. Following the completion of the sale, the insider now owns 121,489 shares in the company, valued at $4,954,321.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Claire Bramley sold 4,528 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $44.21, for a total transaction of $200,182.88. Following the completion of the sale, the chief financial officer now owns 120,920 shares in the company, valued at $5,345,873.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kathleen R. Cullen-Cote sold 24,400 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $40.78, for a total transaction of $995,032.00. Following the sale, the insider now owns 121,489 shares of the company’s stock, valued at approximately $4,954,321.42. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by corporate insiders.

Teradata Stock Performance

Shares of TDC stock opened at $44.66 on Thursday. The firm has a 50-day moving average of $41.10 and a 200-day moving average of $37.25. The company has a market cap of $4.52 billion, a P/E ratio of 124.06, a P/E/G ratio of 2.41 and a beta of 0.92. The company has a debt-to-equity ratio of 2.43, a current ratio of 1.01 and a quick ratio of 1.00. Teradata Co. has a one year low of $28.65 and a one year high of $46.53.

Analyst Upgrades and Downgrades

TDC has been the topic of several research analyst reports. TheStreet raised shares of Teradata from a “c” rating to a “b-” rating in a research note on Thursday, May 4th. StockNews.com initiated coverage on shares of Teradata in a research note on Thursday, May 18th. They set a “strong-buy” rating on the stock. 92 Resources reaffirmed a “maintains” rating on shares of Teradata in a research note on Friday, April 28th. Morgan Stanley raised their price objective on shares of Teradata from $43.00 to $51.00 and gave the company an “overweight” rating in a research note on Tuesday, February 14th. Finally, Barclays raised their price objective on shares of Teradata from $37.00 to $41.00 in a research note on Friday, May 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.44.

About Teradata

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Teradata Corp. is a cloud data analytics company which is built for a multi-cloud reality and solving data challenges at scale. It operates through the following geographical segments: Americas, EMEA, and APJ. The company was founded on July 13, 1979, and is headquartered in San Diego, CA.