142,292 Shares in Tech Data Corp (TECD) Purchased by Advisory Research Inc.

Advisory Research Inc. purchased a new position in Tech Data Corp (NASDAQ:TECD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 142,292 shares of the company’s stock, valued at approximately $13,940,000. Advisory Research Inc. owned about 0.37% of Tech Data at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. SpiderRock Advisors LLC bought a new position in shares of Tech Data during the 3rd quarter valued at $106,000. C M Bidwell & Associates Ltd. bought a new position in shares of Tech Data during the 4th quarter valued at $204,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Tech Data by 39.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,085 shares of the company’s stock valued at $204,000 after purchasing an additional 595 shares during the last quarter. Creative Planning bought a new position in shares of Tech Data during the 4th quarter valued at $205,000. Finally, CAPROCK Group Inc. bought a new position in shares of Tech Data during the 4th quarter valued at $226,000. 98.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Tech Data Corp (NASDAQ:TECD) opened at $97.65 on Thursday. Tech Data Corp has a 12-month low of $81.42 and a 12-month high of $111.10. 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 company has a market cap of $3,631.43, a PE ratio of 11.81, a PEG ratio of 0.41 and a beta of 0.69.

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

TECD has been the topic of several recent research reports. Zacks Investment Research raised shares of Tech Data from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. BidaskClub raised shares of Tech Data from a “hold” rating to a “buy” rating in a research report on Tuesday, January 9th. Pivotal Research set a $114.00 price target on shares of Tech Data and gave the company a “buy” rating in a research report on Tuesday, November 28th. Citigroup reissued a “hold” rating and set a $110.00 price target on shares of Tech Data in a research report on Tuesday, November 28th. Finally, ValuEngine raised shares of Tech Data from a “hold” rating to a “buy” rating in a research report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $112.33.

In other news, COO Richard T. Hume sold 3,100 shares of the firm’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

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About Tech Data

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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