AHL Partners LLP trimmed its position in Tech Data Corporation (NASDAQ:TECD) by 53.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,842 shares of the company’s stock after selling 45,436 shares during the period. AHL Partners LLP owned 0.10% of Tech Data Corporation worth $3,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Tech Data Corporation by 24.1% in the 2nd quarter. BlackRock Inc. now owns 4,780,405 shares of the company’s stock valued at $482,820,000 after acquiring an additional 927,770 shares during the period. Vanguard Group Inc. increased its position in shares of Tech Data Corporation by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 3,834,033 shares of the company’s stock valued at $387,237,000 after acquiring an additional 95,414 shares during the period. JPMorgan Chase & Co. increased its position in shares of Tech Data Corporation by 37.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 785,299 shares of the company’s stock valued at $79,316,000 after acquiring an additional 214,058 shares during the period. Bank of New York Mellon Corp increased its position in shares of Tech Data Corporation by 13.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 780,356 shares of the company’s stock valued at $78,816,000 after acquiring an additional 94,072 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of Tech Data Corporation by 1.1% in the 2nd quarter. Acadian Asset Management LLC now owns 735,531 shares of the company’s stock valued at $74,287,000 after acquiring an additional 8,275 shares during the period.

In other Tech Data Corporation news, CFO Alain Amsellem sold 1,648 shares of Tech Data Corporation stock in a transaction on Friday, July 14th. The shares were sold at an average price of $106.31, for a total value of $175,198.88. Following the transaction, the chief financial officer now directly owns 26,479 shares in the company, valued at $2,814,982.49. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

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Several equities analysts recently issued reports on the company. ValuEngine raised Tech Data Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research raised Tech Data Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. BidaskClub downgraded Tech Data Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Pivotal Research assumed coverage on Tech Data Corporation in a research report on Friday. They issued a “buy” rating and a $114.00 target price on the stock. Finally, Loop Capital assumed coverage on Tech Data Corporation in a research report on Thursday, August 24th. They issued a “buy” rating and a $130.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $109.00.

Shares of Tech Data Corporation (NASDAQ:TECD) opened at 92.47 on Monday. The firm’s 50-day moving average price is $92.49 and its 200 day moving average price is $96.86. The firm has a market capitalization of $3.53 billion, a P/E ratio of 17.55 and a beta of 0.78. Tech Data Corporation has a 12 month low of $74.07 and a 12 month high of $111.10.

Tech Data Corporation (NASDAQ:TECD) last posted its quarterly earnings data on Thursday, August 31st. The company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.32). The business had revenue of $8.88 billion during the quarter, compared to analyst estimates of $8.74 billion. Tech Data Corporation had a net margin of 0.63% and a return on equity of 11.60%. The company’s revenue for the quarter was up 39.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 earnings per share. Analysts anticipate that Tech Data Corporation will post $8.86 earnings per share for the current fiscal year.

About Tech Data Corporation

Tech Data Corporation is a wholesale distributor of technology products. 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. It operates through the segment of distributing technology products, logistics management and other value-added services.

Institutional Ownership by Quarter for Tech Data Corporation (NASDAQ:TECD)

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