9,896 Shares in Teradata Co. (NYSE:TDC) Acquired by Dark Forest Capital Management LP

Dark Forest Capital Management LP purchased a new stake in shares of Teradata Co. (NYSE:TDC) during the second quarter, Holdings Channel.com reports. The firm purchased 9,896 shares of the technology company’s stock, valued at approximately $342,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Crewe Advisors LLC acquired a new position in shares of Teradata in the 2nd quarter valued at $26,000. Sound Income Strategies LLC purchased a new stake in Teradata during the 1st quarter valued at about $31,000. Hexagon Capital Partners LLC raised its stake in shares of Teradata by 111.4% in the second quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock worth $33,000 after purchasing an additional 507 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Teradata by 107.3% during the second quarter. Blue Trust Inc. now owns 2,017 shares of the technology company’s stock worth $70,000 after purchasing an additional 1,044 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Teradata during the second quarter worth about $72,000. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Wall Street Analysts Forecast Growth

TDC has been the subject of a number of recent research reports. TD Cowen reduced their price target on shares of Teradata from $37.00 to $29.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. Guggenheim reissued a “buy” rating and set a $60.00 target price on shares of Teradata in a report on Tuesday, June 25th. Northland Securities lowered their price target on shares of Teradata from $49.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. Barclays reduced their price objective on Teradata from $35.00 to $30.00 and set an “underweight” rating for the company in a research note on Tuesday, August 6th. Finally, JMP Securities downgraded Teradata from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $40.36.

Teradata Price Performance

Teradata stock opened at $30.35 on Friday. The stock has a market capitalization of $2.92 billion, a P/E ratio of 72.26, a P/E/G ratio of 2.71 and a beta of 0.80. The company’s fifty day moving average price is $28.64 and its 200 day moving average price is $32.89. The company has a debt-to-equity ratio of 6.87, a quick ratio of 0.72 and a current ratio of 0.75. Teradata Co. has a 1 year low of $24.02 and a 1 year high of $49.44.

Teradata (NYSE:TDC) last released its earnings results on Monday, August 5th. The technology company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.16. The business had revenue of $436.00 million during the quarter, compared to analysts’ expectations of $447.30 million. Teradata had a net margin of 3.45% and a return on equity of 114.57%. The company’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 earnings per share. As a group, equities research analysts anticipate that Teradata Co. will post 1.3 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Margaret A. Treese sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $28.50, for a total transaction of $156,750.00. Following the transaction, the insider now directly owns 96,783 shares in the company, valued at approximately $2,758,315.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Teradata news, insider Hillary Ashton sold 14,962 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the completion of the transaction, the insider now owns 121,382 shares of the company’s stock, valued at $3,341,646.46. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Margaret A. Treese sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $28.50, for a total transaction of $156,750.00. Following the completion of the sale, the insider now directly owns 96,783 shares in the company, valued at $2,758,315.50. The disclosure for this sale can be found here. Company insiders own 0.92% of the company’s stock.

Teradata Profile

Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, an open and connected platform designed to leverage data across an enterprise. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value.