Wealthstreet Investment Advisors LLC purchased a new position in shares of Tech Data Corp (NASDAQ:TECD) during the fourth quarter, Holdings Channel reports. The firm purchased 14,090 shares of the company’s stock, valued at approximately $1,380,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SpiderRock Advisors LLC acquired a new position in Tech Data during the third quarter worth about $106,000. Dynamic Technology Lab Private Ltd acquired a new position in Tech Data during the third quarter worth about $201,000. C M Bidwell & Associates Ltd. acquired a new position in Tech Data during the fourth quarter worth about $204,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Tech Data by 39.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,085 shares of the company’s stock worth $204,000 after acquiring an additional 595 shares during the last quarter. Finally, Creative Planning acquired a new position in Tech Data during the fourth quarter worth about $205,000. Hedge funds and other institutional investors own 98.68% of the company’s stock.

A number of equities analysts recently weighed in on TECD shares. BidaskClub upgraded shares of Tech Data from a “hold” rating to a “buy” rating in a research report on Tuesday, January 9th. ValuEngine upgraded shares of Tech Data from a “hold” rating to a “buy” rating in a research report on Wednesday, November 29th. Pivotal Research set a $114.00 target price on shares of Tech Data and gave the stock a “buy” rating in a research note on Tuesday, November 28th. Needham & Company LLC lifted their target price on shares of Tech Data from $102.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, November 28th. Finally, Citigroup reaffirmed a “hold” rating and set a $110.00 target price on shares of Tech Data in a research note on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $112.33.

In other Tech Data news, COO Richard T. Hume sold 3,100 shares of Tech Data stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $98.06, for a total transaction of $303,986.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by insiders.

Tech Data Corp (TECD) opened at $93.77 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 1.35. Tech Data Corp has a 52 week low of $81.42 and a 52 week high of $111.10. The company has a market cap of $3,525.36, a PE ratio of 11.46, a price-to-earnings-growth ratio of 0.40 and a beta of 0.69.

Tech Data (NASDAQ:TECD) last issued its earnings results on Monday, November 27th. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.10. Tech Data had a net margin of 0.59% and a return on equity of 11.90%. The company had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the previous year, the firm earned $1.44 earnings per share. Tech Data’s quarterly revenue was up 40.8% compared to the same quarter last year. equities analysts predict that Tech Data Corp will post 9.14 EPS for the current fiscal year.

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Tech Data Company Profile

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.

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

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