The Manufacturers Life Insurance Company purchased a new stake in Teradata Corporation (NYSE:TDC – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 46,329 shares of the technology company’s stock, valued at approximately $1,605,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Teradata by 76.0% during the first quarter. Royal Bank of Canada now owns 330,801 shares of the technology company’s stock worth $7,436,000 after buying an additional 142,813 shares during the period. Millennium Management LLC raised its holdings in Teradata by 89.4% in the first quarter. Millennium Management LLC now owns 202,864 shares of the technology company’s stock valued at $4,560,000 after acquiring an additional 95,777 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Teradata by 22.6% in the first quarter. NewEdge Advisors LLC now owns 11,090 shares of the technology company’s stock worth $249,000 after acquiring an additional 2,048 shares during the last quarter. Creative Planning lifted its stake in Teradata by 52.8% in the second quarter. Creative Planning now owns 18,274 shares of the technology company’s stock worth $408,000 after acquiring an additional 6,314 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in Teradata by 7.2% during the 2nd quarter. Cetera Investment Advisers now owns 10,991 shares of the technology company’s stock worth $245,000 after acquiring an additional 736 shares in the last quarter. Hedge funds and other institutional investors own 90.31% of the company’s stock.
Teradata Stock Up 1.9%
Shares of NYSE:TDC opened at $28.79 on Friday. The firm has a 50 day simple moving average of $30.25 and a 200-day simple moving average of $29.86. Teradata Corporation has a twelve month low of $20.25 and a twelve month high of $41.78. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $2.68 billion, a PE ratio of 6.06, a P/E/G ratio of 2.10 and a beta of 0.58.
Insider Activity at Teradata
In other news, Director Timothy Chou sold 5,657 shares of Teradata stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $33.72, for a total transaction of $190,754.04. Following the sale, the director owned 39,210 shares in the company, valued at approximately $1,322,161.20. The trade was a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.96% of the company’s stock.
Wall Street Analysts Forecast Growth
TDC has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Teradata from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research downgraded shares of Teradata from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. UBS Group increased their target price on Teradata from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Morgan Stanley restated an “equal weight” rating and issued a $29.00 price target (down from $35.00) on shares of Teradata in a research note on Monday, August 10th. Finally, Barclays decreased their price target on Teradata from $28.00 to $27.00 and set an “underweight” rating for the company in a report on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $34.78.
Read Our Latest Stock Report on TDC
About Teradata
Teradata Corporation is a global provider of enterprise analytics and data management solutions designed to help organizations unlock value from their data assets. The company offers both cloud-based and on-premises platforms that support data warehousing, big data analytics, and machine learning. Through its flagship analytics ecosystem, Teradata enables businesses to integrate, analyze, and manage large volumes of structured and unstructured data at scale.
Central to Teradata’s product suite is the Teradata Vantage analytics platform, which unifies diverse data types across multiple environments—including public and private clouds—into a single, coherent architecture.
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