Point72 Asset Management L.P. Takes Position in Teradata Co. (NYSE:TDC)

Point72 Asset Management L.P. purchased a new position in shares of Teradata Co. (NYSE:TDC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 897 shares of the technology company’s stock, valued at approximately $27,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Algert Global LLC grew its position in shares of Teradata by 46.3% during the third quarter. Algert Global LLC now owns 113,106 shares of the technology company’s stock worth $3,432,000 after acquiring an additional 35,800 shares during the last quarter. Pacer Advisors Inc. increased its stake in Teradata by 21.7% in the third quarter. Pacer Advisors Inc. now owns 2,071,302 shares of the technology company’s stock valued at $62,843,000 after purchasing an additional 369,123 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Teradata by 85.2% in the second quarter. Assenagon Asset Management S.A. now owns 47,866 shares of the technology company’s stock valued at $1,654,000 after buying an additional 22,027 shares during the last quarter. John G Ullman & Associates Inc. raised its holdings in shares of Teradata by 46.8% in the third quarter. John G Ullman & Associates Inc. now owns 144,850 shares of the technology company’s stock valued at $4,395,000 after buying an additional 46,200 shares during the last quarter. Finally, 272 Capital LP boosted its stake in shares of Teradata by 57.6% during the second quarter. 272 Capital LP now owns 99,903 shares of the technology company’s stock worth $3,453,000 after buying an additional 36,503 shares during the period. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Northland Securities reduced their price objective on Teradata from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. UBS Group upped their price target on Teradata from $24.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 price objective on shares of Teradata in a research report on Tuesday, November 5th. Evercore ISI upped their price objective on shares of Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Finally, Barclays raised their target price on shares of Teradata from $29.00 to $30.00 and gave the stock an “underweight” rating in a research note on Friday, December 6th. Three 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 issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $40.00.

Teradata Stock Down 2.4 %

TDC stock opened at $32.30 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 4.01. The company’s 50-day moving average price is $31.24 and its 200 day moving average price is $30.89. Teradata Co. has a 52 week low of $24.02 and a 52 week high of $49.44. The company has a market cap of $3.09 billion, a P/E ratio of 38.45, a P/E/G ratio of 3.20 and a beta of 0.79.

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

Teradata Company 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.