Are Analysts Bullish Tech Data Corporation (NASDAQ:TECD) After Last Week?

September 8, 2018 - By Jason Dias

Tech Data Corporation (NASDAQ:TECD) LogoInvestors sentiment decreased to 0.83 in Q1 2018. Its down 0.56, from 1.39 in 2017Q4. It is negative, as 35 investors sold Tech Data Corporation shares while 93 reduced holdings. 37 funds opened positions while 69 raised stakes. 35.73 million shares or 1.77% more from 35.11 million shares in 2017Q4 were reported.
Amundi Pioneer Asset Mgmt Inc accumulated 2,706 shares or 0% of the stock. Jacobs Levy Equity holds 0.46% of its portfolio in Tech Data Corporation (NASDAQ:TECD) for 322,054 shares. Jefferies Gru Limited reported 0% in Tech Data Corporation (NASDAQ:TECD). Ameritas Invest Prns Inc has 13,405 shares for 0.05% of their portfolio. Vanguard Gru holds 3.39 million shares. 17,500 were accumulated by Springowl Limited Liability Corp. Roof Eidam Maycock Adv has 8,870 shares. Moreover, Smith Asset Lp has 0.05% invested in Tech Data Corporation (NASDAQ:TECD) for 17,660 shares. Macquarie Gp Limited has 735,134 shares. Moreover, Smithfield Trust Com has 0% invested in Tech Data Corporation (NASDAQ:TECD) for 20 shares. Ww Asset Mgmt owns 2,490 shares or 0.01% of their US portfolio. Mesirow Finance Mngmt reported 0.98% stake. Natixis invested 0% of its portfolio in Tech Data Corporation (NASDAQ:TECD). Parallax Volatility Advisers L P holds 0% or 13 shares in its portfolio. Ing Groep Nv reported 5,281 shares or 0.01% of all its holdings.

Tech Data Corporation (NASDAQ:TECD) Ratings Coverage

Among 3 analysts covering Tech Data (NASDAQ:TECD), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Tech Data has $105 highest and $80 lowest target. $90’s average target is 22.27% above currents $73.61 stock price. Tech Data had 5 analyst reports since March 9, 2018 according to SRatingsIntel. The company was maintained on Friday, March 9 by Bank of America. The rating was maintained by Pivotal Research on Thursday, May 31 with “Buy”. On Friday, August 31 the stock rating was downgraded by Bank of America to “Underperform”. Citigroup maintained the shares of TECD in report on Friday, March 9 with “Neutral” rating. The rating was maintained by Citigroup with “Neutral” on Friday, August 31. Below is a list of Tech Data Corporation (NASDAQ:TECD) latest ratings and price target changes.

31/08/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $95 New Target: $85 Maintain
31/08/2018 Broker: Bank of America Old Rating: Buy New Rating: Underperform New Target: $80 Downgrade
31/05/2018 Broker: Pivotal Research Rating: Buy New Target: $105.0000 Maintain
09/03/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $115 New Target: $105 Maintain
09/03/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $110 New Target: $95 Maintain

The stock increased 2.51% or $1.8 during the last trading session, reaching $73.61. About 546,960 shares traded or 70.66% up from the average. Tech Data Corporation (NASDAQ:TECD) has declined 14.61% since September 8, 2017 and is downtrending. It has underperformed by 27.18% the S&P500.

Tech Data Corporation engages in the wholesale distribution of technology products. The company has market cap of $2.82 billion. It distributes and markets broadline products, such as notebooks, tablets, desktops, printers, printer supplies, and components; and data center products, including industry standard servers, proprietary servers, networking, and storage products. It has a 19.17 P/E ratio. The firm also offers software products, such as virtualization, cloud, security, desktop applications, operating systems, and utilities software; mobility products consisting of mobile phones and accessories; and consumer electronics comprising TV's, digital displays, consumer audio-visual devices, and network-attached consumer devices.

More news for Tech Data Corporation (NASDAQ:TECD) were recently published by: Bizjournals.com, which released: “Q2’s profit surge was the strongest in years. Here’s who led the charge in Tampa Bay” on September 04, 2018. Nasdaq.com‘s article titled: “Mid-Afternoon Market Update: Dow Down 140 Points; Signet Jewelers Shares Jump On Earnings Beat” and published on August 30, 2018 is yet another important article.

Tech Data Corporation (NASDAQ:TECD) Institutional Positions Chart

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