Assenagon Asset Management S.A. Acquires 396,584 Shares of Teradata Co. (NYSE:TDC)

Assenagon Asset Management S.A. grew its holdings in Teradata Co. (NYSE:TDC) by 828.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 444,450 shares of the technology company’s stock after buying an additional 396,584 shares during the period. Assenagon Asset Management S.A. owned approximately 0.46% of Teradata worth $13,485,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TDC. International Assets Investment Management LLC raised its holdings in Teradata by 2,934.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,335 shares of the technology company’s stock valued at $44,000 after buying an additional 1,291 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Teradata by 7.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 596,845 shares of the technology company’s stock valued at $18,108,000 after acquiring an additional 42,094 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Teradata by 4.2% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,165 shares of the technology company’s stock worth $339,000 after acquiring an additional 449 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of Teradata during the 3rd quarter worth about $185,000. Finally, Wedge Capital Management L L P NC grew its stake in shares of Teradata by 9.2% during the third quarter. Wedge Capital Management L L P NC now owns 62,120 shares of the technology company’s stock valued at $1,885,000 after buying an additional 5,226 shares during the last quarter. 90.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on TDC. Royal Bank of Canada cut their price objective on Teradata from $40.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 6th. Evercore ISI increased their price objective on Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. UBS Group initiated coverage on Teradata in a research report on Friday, July 19th. They set a “sell” rating and a $32.00 target price for the company. Morgan Stanley cut their price target on Teradata from $44.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th. Finally, StockNews.com raised shares of Teradata from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Teradata presently has an average rating of “Hold” and an average price target of $40.64.

Insider Activity at Teradata

In related news, insider Margaret A. Treese sold 5,500 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $28.50, for a total value of $156,750.00. Following the transaction, the insider now owns 96,783 shares in the company, valued at approximately $2,758,315.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Hillary Ashton sold 14,962 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $27.53, for a total transaction of $411,903.86. Following the sale, the insider now owns 121,382 shares of the company’s stock, valued at $3,341,646.46. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Margaret A. Treese sold 5,500 shares of the business’s stock in a transaction 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 transaction, the insider now owns 96,783 shares of the company’s stock, valued at approximately $2,758,315.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.92% of the stock is owned by insiders.

Teradata Price Performance

Shares of TDC opened at $31.98 on Monday. The company has a 50 day moving average of $29.49 and a two-hundred day moving average of $31.86. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 76.14, a price-to-earnings-growth ratio of 2.97 and a beta of 0.80. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 6.87. Teradata Co. has a twelve month low of $24.02 and a twelve month high of $49.44.

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

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.