Acadian Asset Management LLC increased its stake in Teradata Corporation (NYSE:TDC – Free Report) by 78.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,651 shares of the technology company’s stock after purchasing an additional 46,779 shares during the period. Acadian Asset Management LLC owned 0.11% of Teradata worth $2,395,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of TDC. Lynrock Lake LP boosted its stake in Teradata by 37.6% in the 1st quarter. Lynrock Lake LP now owns 9,416,666 shares of the technology company’s stock worth $211,687,000 after purchasing an additional 2,572,320 shares in the last quarter. Nuveen LLC purchased a new position in Teradata during the 1st quarter worth approximately $25,116,000. LSV Asset Management raised its position in Teradata by 95.6% during the 1st quarter. LSV Asset Management now owns 1,588,999 shares of the technology company’s stock worth $35,721,000 after buying an additional 776,799 shares during the last quarter. Vanguard Group Inc. raised its position in Teradata by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 13,774,843 shares of the technology company’s stock worth $309,658,000 after buying an additional 728,333 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Teradata by 42.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,093,028 shares of the technology company’s stock worth $24,571,000 after buying an additional 324,136 shares during the last quarter. 90.31% of the stock is currently owned by institutional investors and hedge funds.
Teradata Stock Performance
Shares of Teradata stock opened at $21.46 on Tuesday. Teradata Corporation has a 52 week low of $18.43 and a 52 week high of $33.69. The business’s fifty day simple moving average is $21.27 and its 200-day simple moving average is $21.80. The firm has a market cap of $2.03 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 5.36 and a beta of 0.78. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.78.
Analyst Ratings Changes
TDC has been the subject of a number of recent research reports. Wall Street Zen raised shares of Teradata from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group reduced their price target on shares of Teradata from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Finally, Zacks Research lowered shares of Teradata from a “hold” rating to a “strong sell” rating in a research report on Monday, September 8th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Teradata presently has an average rating of “Hold” and a consensus price target of $26.86.
Check Out Our Latest Analysis on TDC
Teradata Profile
Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.
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