Bridgewater Associates LP Raises Stock Holdings in Teradata Co. (NYSE:TDC)

Bridgewater Associates LP grew its stake in Teradata Co. (NYSE:TDC) by 6.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,891 shares of the technology company’s stock after buying an additional 10,293 shares during the quarter. Bridgewater Associates LP’s holdings in Teradata were worth $5,185,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Lynrock Lake LP increased its position in Teradata by 9.9% in the second quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company’s stock worth $230,400,000 after buying an additional 600,000 shares in the last quarter. AQR Capital Management LLC increased its position in Teradata by 60.9% in the second quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company’s stock worth $73,827,000 after buying an additional 808,691 shares in the last quarter. Pacer Advisors Inc. increased its position in Teradata by 21.7% in the third quarter. Pacer Advisors Inc. now owns 2,071,302 shares of the technology company’s stock worth $62,843,000 after buying an additional 369,123 shares in the last quarter. FMR LLC increased its position in Teradata by 2.7% in the third quarter. FMR LLC now owns 1,932,741 shares of the technology company’s stock worth $58,639,000 after buying an additional 51,080 shares in the last quarter. Finally, Boston Trust Walden Corp increased its position in Teradata by 14.5% in the second quarter. Boston Trust Walden Corp now owns 1,673,431 shares of the technology company’s stock worth $57,834,000 after buying an additional 212,359 shares in the last quarter. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TDC. Morgan Stanley cut their target price on Teradata from $44.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. Barclays cut their target price on Teradata from $30.00 to $29.00 and set an “underweight” rating for the company in a research report on Tuesday, November 5th. TD Cowen cut their target price on Teradata from $37.00 to $29.00 and set a “hold” rating for the company in a research report on Tuesday, August 6th. StockNews.com upgraded Teradata from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Finally, Evercore ISI increased their target price on Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned 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 a consensus target price of $39.91.

Insider Activity

In other news, insider Hillary Ashton sold 14,962 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $27.53, for a total value of $411,903.86. Following the completion of the sale, the insider now directly owns 121,382 shares of the company’s stock, valued at $3,341,646.46. This trade represents a 10.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.92% of the company’s stock.

Teradata Price Performance

Shares of Teradata stock opened at $30.90 on Friday. The stock has a 50 day moving average of $30.72 and a 200 day moving average of $30.98. Teradata Co. has a 12 month low of $24.02 and a 12 month high of $49.44. The firm has a market cap of $2.96 billion, a PE ratio of 36.79, a PEG ratio of 3.04 and a beta of 0.80. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 4.01.

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