Teradata Co. (NYSE:TDC) Shares Purchased by Millennium Management LLC

Millennium Management LLC raised its stake in shares of Teradata Co. (NYSE:TDC) by 317.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 569,709 shares of the technology company’s stock after acquiring an additional 433,139 shares during the quarter. Millennium Management LLC owned approximately 0.51% of Teradata worth $17,660,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TDC. Advisory Services Network LLC increased its holdings in Teradata by 25.4% in the second quarter. Advisory Services Network LLC now owns 1,347 shares of the technology company’s stock valued at $48,000 after buying an additional 273 shares during the last quarter. Profund Advisors LLC increased its holdings in shares of Teradata by 2.9% in the 2nd quarter. Profund Advisors LLC now owns 12,484 shares of the technology company’s stock valued at $448,000 after acquiring an additional 347 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Teradata by 7.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,185 shares of the technology company’s stock valued at $223,000 after acquiring an additional 481 shares during the last quarter. Creative Planning raised its position in shares of Teradata by 5.0% during the 2nd quarter. Creative Planning now owns 14,450 shares of the technology company’s stock valued at $518,000 after acquiring an additional 683 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Teradata by 11.8% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 7,088 shares of the technology company’s stock valued at $254,000 after acquiring an additional 749 shares in the last quarter. 98.29% of the stock is owned by institutional investors.

Shares of NYSE TDC opened at $25.93 on Wednesday. Teradata Co. has a 1-year low of $23.71 and a 1-year high of $49.42. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.27 and a quick ratio of 1.22. The business’s fifty day moving average price is $28.03 and its two-hundred day moving average price is $32.38. The firm has a market capitalization of $2.99 billion, a PE ratio of 29.47, a P/E/G ratio of 5.42 and a beta of 1.12.

Teradata (NYSE:TDC) last announced its quarterly earnings results on Thursday, November 7th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.06. The company had revenue of $459.00 million during the quarter, compared to the consensus estimate of $485.62 million. Teradata had a net margin of 0.70% and a return on equity of 23.17%. The company’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 earnings per share. Equities research analysts expect that Teradata Co. will post 0.43 earnings per share for the current fiscal year.

In other Teradata news, CMO Martyn Etherington acquired 4,300 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was acquired at an average cost of $26.43 per share, with a total value of $113,649.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Mark Culhane bought 1,950 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average price of $26.00 per share, for a total transaction of $50,700.00. Following the completion of the transaction, the chief financial officer now owns 64,035 shares in the company, valued at $1,664,910. The disclosure for this purchase can be found here. 1.12% of the stock is owned by company insiders.

A number of equities analysts have commented on the stock. ValuEngine downgraded shares of Teradata from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Cowen cut shares of Teradata from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $53.00 to $29.00 in a report on Friday, November 8th. Morgan Stanley reduced their price target on shares of Teradata from $58.00 to $53.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. BMO Capital Markets decreased their price target on shares of Teradata from $38.00 to $30.00 and set a “reduce” rating for the company in a report on Monday, November 11th. Finally, Bank of America lowered shares of Teradata from a “buy” rating to a “neutral” rating and decreased their price target for the company from $48.00 to $33.00 in a report on Friday, November 8th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Teradata presently has an average rating of “Hold” and a consensus price target of $33.40.

Teradata Company Profile

Teradata Corporation provides hybrid cloud analytics software. Its solutions and services comprise software, hardware, and related business consulting and support services to deliver analytics in company's analytical ecosystem. It operates through three segments: North America and Latin America region; Europe, Middle East and Africa region; and Asia Pacific and Japan region.

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Institutional Ownership by Quarter for Teradata (NYSE:TDC)

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