Tech Data Corp (NASDAQ:TECD) Institutional Investors Sentiment Index Increased in 2017 Q2

October 13, 2017 - By Winifred Garcia

 Tech Data Corp (NASDAQ:TECD) Institutional Investors Sentiment Index  Increased in  2017 Q2

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 improved, as 142 institutional investors opened new or increased holdings, while 92 sold and decreased their stock positions in Tech Data Corp. The institutional investors in our partner’s database now have: 37.35 million shares, up from 35.06 million shares in 2017Q1. Also, the number of institutional investors holding Tech Data Corp in their top 10 holdings 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 EPS 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 selling transactions 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. The stock of Tech Data Corp (NASDAQ:TECD) has “Underperform” rating given on Tuesday, August 18 by Bank of America. The stock of Tech Data Corp (NASDAQ:TECD) has “Sell” rating given on Friday, May 27 by Citigroup. The firm has “Neutral” rating given on Tuesday, August 30 by Bank of America. The stock has “Buy” rating by Loop Capital Markets on Friday, September 1. The stock of Tech Data Corp (NASDAQ:TECD) earned “Underperform” rating by Raymond James on Monday, October 12. Citigroup maintained Tech Data Corp (NASDAQ:TECD) on Thursday, September 22 with “Sell” rating. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, September 20. The stock of Tech Data Corp (NASDAQ:TECD) earned “Mkt Perform” rating by Raymond James on Wednesday, November 25. The rating was maintained by Needham on Wednesday, October 11 with “Buy”. The company was upgraded on Friday, June 2 by Citigroup.

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 Businesswire.com with their article: “The Klein Law Firm Announces a Class Action Filed on Behalf of Tech Data …” published on October 10, 2017, Businesswire.com published: “Tech Data’s Colin Blair Named to CRN “100 People You Don’t Know But Should” List” on October 09, 2017. More interesting news about Tech Data Corp (NASDAQ:TECD) were released by: Globenewswire.com and their article: “IMPORTANT TECH DATA CORPORATION INVESTOR ALERT: Wolf Haldenstein Adler Freeman …” published on October 04, 2017 as well as Globenewswire.com‘s news article titled: “Federman & Sherwood Announces Filing of Securities Class Action Lawsuit …” with publication date: September 25, 2017.

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