Tech Data Corp (NASDAQ:TECD) Stock Holdings Lessened by Pflug Koory LLC

Pflug Koory LLC lowered its stake in Tech Data Corp (NASDAQ:TECD) by 12.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,981 shares of the company’s stock after selling 280 shares during the period. Pflug Koory LLC’s holdings in Tech Data were worth $207,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of TECD. Dimensional Fund Advisors LP increased its position in shares of Tech Data by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,200,146 shares of the company’s stock valued at $261,803,000 after buying an additional 34,598 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Tech Data by 10.6% in the fourth quarter. Geode Capital Management LLC now owns 534,094 shares of the company’s stock valued at $43,693,000 after buying an additional 51,329 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Tech Data by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the company’s stock valued at $1,024,000 after buying an additional 100 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of Tech Data by 0.4% in the first quarter. Retirement Systems of Alabama now owns 48,579 shares of the company’s stock valued at $4,975,000 after buying an additional 214 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in shares of Tech Data by 30.3% in the first quarter. Meeder Asset Management Inc. now owns 8,044 shares of the company’s stock valued at $823,000 after buying an additional 1,869 shares in the last quarter. 99.70% of the stock is currently owned by institutional investors.

Shares of TECD traded up $3.60 during trading hours on Friday, hitting $89.81. 11,503 shares of the stock were exchanged, compared to its average volume of 282,665. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 1.26. Tech Data Corp has a 12-month low of $66.93 and a 12-month high of $111.08. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 7.76, a price-to-earnings-growth ratio of 2.51 and a beta of 1.14. The stock’s 50-day moving average price is $98.26 and its two-hundred day moving average price is $100.55.



Tech Data (NASDAQ:TECD) last issued its quarterly earnings results on Thursday, May 30th. The company reported $2.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.06. Tech Data had a return on equity of 15.28% and a net margin of 0.98%. The firm had revenue of $8.41 billion during the quarter, compared to analysts’ expectations of $8.45 billion. During the same period in the previous year, the business earned $1.84 earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, research analysts expect that Tech Data Corp will post 11.98 earnings per share for the current year.

In related news, Director Harry J. Harczak, Jr. sold 2,200 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $95.29, for a total transaction of $209,638.00. Following the completion of the sale, the director now directly owns 12,837 shares in the company, valued at $1,223,237.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas I. Morgan sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $100.51, for a total value of $201,020.00. Following the sale, the director now owns 17,491 shares of the company’s stock, valued at $1,758,020.41. The disclosure for this sale can be found here. Insiders have sold 8,200 shares of company stock valued at $819,858 over the last quarter. 1.10% of the stock is owned by company insiders.

TECD has been the subject of a number of recent analyst reports. BidaskClub cut Tech Data from a “hold” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research upgraded Tech Data from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Friday, May 24th. Citigroup cut their price objective on Tech Data from $105.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Finally, ValuEngine cut Tech Data from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $99.60.

About Tech Data

Tech Data Corporation operates as an IT distribution and solutions company. The company offers endpoint portfolio solutions, including personal computer systems, mobile phones and accessories, printers, peripherals, supplies, endpoint technology software, and consumer electronics. It also provides advanced portfolio solutions, such as data center technologies comprising storage, networking, servers, advanced technology software, and converged and hyper-converged infrastructure, as well as specialized solutions.

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Institutional Ownership by Quarter for Tech Data (NASDAQ:TECD)

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