Economy

Canada Pension Plan Investment Board Takes Position in Tech Data Corp (TECD)

Its down 11.35% from 1.57 million shares previously. It would take about 3.8 days to cover all short positions. The SI to Comcast Corporation Class A's float is 1.41%. About 390,027 shares traded. The stock rose 0.10% or $0.07 reaching $68.89 per share.

Among 4 analysts covering Tech Data Corp (NDAQ:TECD), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive.

Tech Data Corporation (TECD) closed -2.82% below its 200-day moving average and is -5.04% below another chart threshold, its 50-day moving average.

In addition to Pivotal Research Group reporting its target price, a total of 4 analysts have released a research note on Tech Data. The company was maintained on Thursday, September 22 by Citigroup. The firm has "Buy" rating by Bank of America given on Tuesday, September 20. The rating was upgraded by Raymond James on Wednesday, November 25 to "Mkt Perform". The firm earned "Underperform" rating on Monday, October 12 by Raymond James. Glen Harbor Capital Management LLC now owns 1,276 shares of the company's stock worth $120,000 after buying an additional 22 shares during the period. The stock has "Sell" rating by Citigroup on Friday, May 27.

Since May 30, 2017, it had 1 buying transaction, and 2 sales for $2.87 million activity. 7,500 Comcast Corporation (NASDAQ:CMCSA) shares with value of $303,713 were sold by BACON KENNETH J. Its down 11.82, from 12.83 in 2017Q1. 110 funds opened positions while 468 raised stakes. Loomis Sayles & Communications Lp owns 373 shares for 0% of their portfolio. Retail Bank Of New York Mellon Corp reported 780,356 shares. The count of Hold ratings in that period was 0. Sg Americas Securities Limited Com invested in 0.01% or 15,797 shares. Moreover, Kestrel Investment Management Corp has 1.26% invested in the company for 173,150 shares. Kansas-based Dean Management has invested 1.59% in Tech Data Corp (NASDAQ:TECD). Shelton Capital accumulated 2,618 shares.

Comcast Corporation is a media and technology company. The company has market cap of $543.91 million. It has a 14.83 P/E ratio. Zacks Investment Research cut Tech Data Corporation from a "buy" rating to a "hold" rating in a report on Monday, September 4th. Loop Capital began coverage on Tech Data Corporation in a report on Thursday, August 24th. They now have a Dollars 100 price target on the stock.

03/12/2015 - Tech Data Corporation had its "equal weight" rating reiterated by analysts at Barclays. The company was maintained on Friday, August 4 by Argus Research. Northcoast Research raised Tech Data Corporation from a "neutral" rating to a "buy" rating in a report on Tuesday, September 5th. It has ranged in price between $91.075-$92.4 after having started the session at $91.8 as compared to the previous trading day's close of $91.87.

A number of research firms have weighed in on TECD. On Tuesday, June 20 the stock rating was downgraded by Moffett Nathanson to "Neutral". Natixis has 0% invested in Tech Data Corp (NASDAQ:TECD). It has outperformed by 25.12% the S&P500.

Strong Sell. Investors might also notice that two months ago the Buy recommendations (1) outnumbered Sell recommendations (0). Its up 0.44, from 1.1 in 2017Q1. Glen Harbor Capital Management LLC boosted its position in shares of Tech Data Corp by 1.8% in the first quarter.

Hedge funds have recently added to or reduced their stakes in the business. Tech Data Corp had a net margin of 0.81% and a return on equity of 10.51%. Lpl Fincl Ltd Limited Liability Company accumulated 10,999 shares. 9,315 are owned by Paloma Prns Management. Teachers Retirement Sys Of The State Of Kentucky holds 7,820 shares. Mason Street Advsrs Limited Liability Com stated it has 16,947 shares. Sawgrass Asset Mgmt Limited Liability Co holds 0.02% of its portfolio in Tech Data Corp (NASDAQ:TECD) for 5,045 shares. Victory Management has 722,292 shares. Illinois-based Balasa Dinverno Foltz Ltd has invested 0.09% in Tech Data Corp (NASDAQ:TECD). Corporate insiders own 1.60% of the company's stock.

01/14/2015 - Tech Data Corporation was downgraded to "sell" by analysts at Goldman Sachs. The stock of Tech Data Corp (NASDAQ:TECD) has "Buy" rating given on Thursday, March 9 by Needham. Petrus Trust Company LTA acquired a new position in Tech Data Corporation in the 2nd quarter valued at $428,000.

Tech Data Corporation, launched on November 19, 1974, is a wholesale distributor of technology products. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 17.35 and a beta of 0.78. 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.



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