Cubist Systematic Strategies LLC Has $2.06 Million Holdings in Tech Data Corp (TECD)

Cubist Systematic Strategies LLC raised its position in shares of Tech Data Corp (NASDAQ:TECD) by 316.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,150 shares of the company’s stock after buying an additional 17,587 shares during the period. Cubist Systematic Strategies LLC owned about 0.06% of Tech Data worth $2,057,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Engine Capital Management LLC purchased a new stake in shares of Tech Data in the 3rd quarter worth about $1,359,000. Janus Henderson Group PLC lifted its position in shares of Tech Data by 55.3% in the 3rd quarter. Janus Henderson Group PLC now owns 553,016 shares of the company’s stock worth $49,135,000 after purchasing an additional 196,834 shares during the period. Alyeska Investment Group L.P. purchased a new stake in shares of Tech Data in the 3rd quarter worth about $76,672,000. PEAK6 Investments L.P. lifted its position in shares of Tech Data by 316.6% in the 3rd quarter. PEAK6 Investments L.P. now owns 8,457 shares of the company’s stock worth $751,000 after purchasing an additional 6,427 shares during the period. Finally, Allianz Asset Management GmbH lifted its position in shares of Tech Data by 77.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 211,277 shares of the company’s stock worth $18,772,000 after purchasing an additional 92,471 shares during the period. 98.35% of the stock is owned by institutional investors and hedge funds.

Tech Data Corp (TECD) opened at $95.28 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.35 and a quick ratio of 0.89. The stock has a market cap of $3,700.48, a PE ratio of 12.03, a P/E/G ratio of 0.49 and a beta of 0.78. Tech Data Corp has a 12 month low of $81.42 and a 12 month high of $111.10.

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

TECD has been the subject of several research analyst reports. Needham & Company LLC raised their target price on shares of Tech Data from $100.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th. Northcoast Research reaffirmed a “neutral” rating on shares of Tech Data in a research report on Monday, August 28th. Zacks Investment Research raised shares of Tech Data from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Citigroup reaffirmed a “hold” rating and issued a $110.00 target price on shares of Tech Data in a research report on Tuesday, November 28th. Finally, Pivotal Research initiated coverage on shares of Tech Data in a research report on Friday, October 6th. They issued a “buy” rating and a $114.00 target price for the company. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Tech Data presently has an average rating of “Buy” and an average price target of $112.33.

In related news, COO Richard T. Hume sold 3,100 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $98.06, for a total value of $303,986.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by company insiders.

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Tech Data 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.

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

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