Tech Data Corp (NASDAQ:TECD) Institutional Investor Sentiment Analysis

October 13, 2017 - By Michael Collier

 Tech Data Corp (NASDAQ:TECD) Institutional Investor Sentiment Analysis

Sentiment for Tech Data Corp (NASDAQ:TECD)

Tech Data Corp (NASDAQ:TECD) institutional sentiment increased to 1.54 in 2017 Q2. Its up 0.44, from 1.1 in 2017Q1. The ratio is better, as 142 investment managers increased and opened new positions, while 92 decreased and sold their stock positions in Tech Data Corp. The investment managers in our partner’s database now have: 37.35 million shares, up from 35.06 million shares in 2017Q1. Also, the number of investment managers holding Tech Data Corp in their top 10 positions was flat from 2 to 2 for the same number . Sold All: 34 Reduced: 58 Increased: 108 New Position: 34.

Tech Data Corporation is a wholesale distributor of technology products. The company has market cap of $3.56 billion. The Firm serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its clients with logistics capabilities and services. It has a 17.61 P/E ratio. It operates through the segment of distributing technology products, logistics management and other value-added services.

The stock decreased 1.17% or $1.11 during the last trading session, reaching $93.38. About 349,320 shares traded. Tech Data Corp (NASDAQ:TECD) has risen 41.82% since October 13, 2016 and is uptrending. It has outperformed by 25.12% the S&P500.

Wall Street await Tech Data Corp (NASDAQ:TECD) to release earnings on November, 28. Analysts forecast earnings per share of $1.94, up exactly $0.50 or 34.72 % from 2014’s $1.44 EPS. The expected TECD’s profit could reach $73.96 million giving the stock 12.03 P/E in the case that $1.94 earnings per share is reported. After posting $1.74 EPS for the previous quarter, Tech Data Corp’s analysts now forecast 11.49 % EPS growth.

Shayne & Co. Llc holds 8.52% of its portfolio in Tech Data Corp for 106,069 shares. Dean Capital Management owns 32,673 shares or 1.59% of their US portfolio. Moreover, Mesirow Financial Investment Management has 1.24% invested in the company for 183,332 shares. The Massachusetts-based Century Capital Management Llc has invested 1.09% in the stock. Leuthold Group Llc, a Minnesota-based fund reported 88,425 shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 3 sales for $1.52 million activity.

Tech Data Corp (NASDAQ:TECD) Ratings Coverage

Ratings analysis reveals 75% of Tech Data Corp’s analysts are positive. Out of 8 Wall Street analysts rating Tech Data Corp, 6 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $49 while the high is $130.0. The stock’s average target of $92.86 is -0.56% below today’s ($93.38) share price. TECD was included in 16 notes of analysts from August 18, 2015. Bank of America initiated it with “Underperform” rating and $49 target in Tuesday, August 18 report. The stock of Tech Data Corp (NASDAQ:TECD) earned “Buy” rating by Needham on Wednesday, October 11. The stock of Tech Data Corp (NASDAQ:TECD) earned “Buy” rating by Loop Capital Markets on Thursday, August 24. As per Tuesday, August 30, the company rating was upgraded by Bank of America. The rating was maintained by Citigroup with “Sell” on Friday, May 27. The stock of Tech Data Corp (NASDAQ:TECD) has “Buy” rating given on Tuesday, September 20 by Stifel Nicolaus. The firm earned “Underperform” rating on Monday, October 12 by Raymond James. As per Friday, June 2, the company rating was upgraded by Citigroup. The stock has “Sell” rating by Citigroup on Thursday, September 22. The stock has “Mkt Perform” rating by Raymond James on Wednesday, November 25.

More notable recent Tech Data Corp (NASDAQ:TECD) news were published by: Bizjournals.com which released: “Tech Data, the Rowdies help Tampa Bay make the case for Amazon’s HQ2 bid” on October 10, 2017, also Globenewswire.com with their article: “TECH DATA SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN …” published on October 07, 2017, Prnewswire.com published: “IMPORTANT SHAREHOLDER ALERT: Lundin Law PC Announces a Securities Class Action …” on September 29, 2017. More interesting news about Tech Data Corp (NASDAQ:TECD) were released by: Globenewswire.com and their article: “Federman & Sherwood Announces Filing of Securities Class Action Lawsuit …” published on September 25, 2017 as well as Globenewswire.com‘s news article titled: “IMPORTANT TECH DATA CORPORATION INVESTOR ALERT: Wolf Haldenstein Adler Freeman …” with publication date: October 04, 2017.

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