HBK Investments L P Has $3.75 Million Stake in Tech Data Corp (NASDAQ:TECD)

HBK Investments L P grew its position in shares of Tech Data Corp (NASDAQ:TECD) by 1,221.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,300 shares of the company’s stock after acquiring an additional 35,402 shares during the period. HBK Investments L P owned about 0.10% of Tech Data worth $3,752,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. increased its position in shares of Tech Data by 139.1% during the third quarter. American Century Companies Inc. now owns 210,241 shares of the company’s stock valued at $18,680,000 after buying an additional 122,298 shares during the period. BlackRock Inc. increased its position in shares of Tech Data by 1.6% during the fourth quarter. BlackRock Inc. now owns 3,746,695 shares of the company’s stock valued at $367,063,000 after buying an additional 59,230 shares during the period. Teacher Retirement System of Texas increased its position in shares of Tech Data by 319.1% during the fourth quarter. Teacher Retirement System of Texas now owns 13,268 shares of the company’s stock valued at $1,300,000 after buying an additional 10,102 shares during the period. Copper Rock Capital Partners LLC increased its position in shares of Tech Data by 3.6% during the fourth quarter. Copper Rock Capital Partners LLC now owns 235,314 shares of the company’s stock valued at $23,113,000 after buying an additional 8,146 shares during the period. Finally, Horizon Investment Services LLC increased its position in shares of Tech Data by 44.7% during the fourth quarter. Horizon Investment Services LLC now owns 23,824 shares of the company’s stock valued at $2,334,000 after buying an additional 7,356 shares during the period. Institutional investors own 96.18% of the company’s stock.

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Several equities analysts recently issued reports on the stock. BidaskClub upgraded shares of Tech Data from a “hold” rating to a “buy” rating in a research report on Saturday, March 3rd. ValuEngine cut shares of Tech Data from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Citigroup cut their price objective on shares of Tech Data from $110.00 to $95.00 and set a “neutral” rating on the stock in a report on Friday, March 9th. Northcoast Research set a $127.00 price objective on shares of Tech Data and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, Bank of America cut their price objective on shares of Tech Data from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, March 9th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $110.29.

TECD traded down $1.49 during midday trading on Friday, reaching $77.58. The company’s stock had a trading volume of 618,562 shares, compared to its average volume of 624,128. The stock has a market cap of $2,960.76, a PE ratio of 8.52, a price-to-earnings-growth ratio of 0.97 and a beta of 0.86. Tech Data Corp has a 1 year low of $76.89 and a 1 year high of $111.10. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.88 and a current ratio of 1.26.

Tech Data (NASDAQ:TECD) last issued its earnings results on Thursday, March 8th. The company reported $3.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.03). The firm had revenue of $11.09 billion during the quarter, compared to the consensus estimate of $10.57 billion. Tech Data had a return on equity of 12.83% and a net margin of 0.32%. The company’s quarterly revenue was up 49.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.45 EPS. equities research analysts predict that Tech Data Corp will post 10.65 EPS for the current year.

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Tech Data Profile

Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its customers with logistics capabilities and services. It operates through the segment of distributing technology products, logistics management and other value-added services.

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

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