Harbor Capital Advisors Inc. cut its stake in shares of Teradata Corporation (NYSE:TDC – Free Report) by 15.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 24,642 shares of the technology company’s stock after selling 4,541 shares during the period. Harbor Capital Advisors Inc.’s holdings in Teradata were worth $550,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in TDC. Lynrock Lake LP raised its position in Teradata by 37.6% during the first quarter. Lynrock Lake LP now owns 9,416,666 shares of the technology company’s stock worth $211,687,000 after acquiring an additional 2,572,320 shares during the period. Nuveen LLC acquired a new position in Teradata during the first quarter worth $25,116,000. LSV Asset Management raised its position in Teradata by 95.6% during the first quarter. LSV Asset Management now owns 1,588,999 shares of the technology company’s stock worth $35,721,000 after acquiring an additional 776,799 shares during the period. Vanguard Group Inc. raised its position in Teradata by 5.6% during the first quarter. Vanguard Group Inc. now owns 13,774,843 shares of the technology company’s stock worth $309,658,000 after acquiring an additional 728,333 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Teradata by 42.2% during the first quarter. Assenagon Asset Management S.A. now owns 1,093,028 shares of the technology company’s stock worth $24,571,000 after acquiring an additional 324,136 shares during the period. 90.31% of the stock is currently owned by institutional investors and hedge funds.
Teradata Stock Down 0.8%
Shares of NYSE:TDC opened at $22.04 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.78. Teradata Corporation has a fifty-two week low of $18.43 and a fifty-two week high of $33.69. The firm’s 50 day moving average price is $21.24 and its 200 day moving average price is $21.78. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 5.63 and a beta of 0.78.
Analyst Ratings Changes
A number of equities analysts have weighed in on TDC shares. Wall Street Zen upgraded shares of Teradata from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. UBS Group dropped their target price on shares of Teradata from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Finally, Zacks Research lowered shares of Teradata from a “hold” rating to a “strong sell” rating in a report on Monday, September 8th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $26.86.
Read Our Latest Stock Analysis on Teradata
About Teradata
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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