Bridgewater Associates LP Boosts Position in Teradata Co. (NYSE:TDC)

Bridgewater Associates LP grew its holdings in shares of Teradata Co. (NYSE:TDC) by 6.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 170,891 shares of the technology company’s stock after buying an additional 10,293 shares during the period. Bridgewater Associates LP owned 0.18% of Teradata worth $5,185,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Comerica Bank boosted its position in shares of Teradata by 26.1% during the first quarter. Comerica Bank now owns 52,044 shares of the technology company’s stock valued at $2,013,000 after purchasing an additional 10,756 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Teradata by 49.9% during the second quarter. Harbor Capital Advisors Inc. now owns 20,515 shares of the technology company’s stock valued at $709,000 after purchasing an additional 6,826 shares in the last quarter. CWM LLC boosted its position in shares of Teradata by 114.2% during the second quarter. CWM LLC now owns 5,579 shares of the technology company’s stock valued at $193,000 after purchasing an additional 2,975 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Teradata by 114.7% during the second quarter. SG Americas Securities LLC now owns 56,346 shares of the technology company’s stock valued at $1,947,000 after purchasing an additional 30,096 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its position in shares of Teradata by 111.4% during the second quarter. Hexagon Capital Partners LLC now owns 962 shares of the technology company’s stock valued at $33,000 after purchasing an additional 507 shares in the last quarter. 90.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TDC shares. UBS Group lifted their price target on Teradata from $24.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Northland Securities dropped their price target on Teradata from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. TD Cowen dropped their target price on Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. Barclays dropped their target price on Teradata from $30.00 to $29.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. Finally, JMP Securities downgraded Teradata from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $39.91.

Teradata Trading Down 0.1 %

Shares of NYSE:TDC opened at $30.90 on Friday. The company has a market cap of $2.96 billion, a P/E ratio of 36.79, a PEG ratio of 3.04 and a beta of 0.80. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79. Teradata Co. has a 1 year low of $24.02 and a 1 year high of $49.44. The stock’s fifty day moving average price is $30.72 and its 200-day moving average price is $30.98.

Teradata (NYSE:TDC) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.13. The firm had revenue of $440.00 million for the quarter, compared to the consensus estimate of $417.71 million. Teradata had a return on equity of 145.40% and a net margin of 4.56%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. Sell-side analysts expect that Teradata Co. will post 1.41 earnings per share for the current year.

Insider Activity at Teradata

In related news, insider Hillary Ashton sold 14,962 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total transaction of $411,903.86. Following the completion of the sale, the insider now owns 121,382 shares in the company, valued at approximately $3,341,646.46. This represents a 10.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.92% of the stock is owned by company insiders.

About Teradata

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.