Teradata Co. (NYSE:TDC) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lessened its holdings in shares of Teradata Co. (NYSE:TDC) by 12.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 209,392 shares of the technology company’s stock after selling 30,000 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Teradata were worth $9,111,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Private Advisor Group LLC acquired a new stake in Teradata in the 1st quarter worth about $231,000. Natixis Advisors L.P. grew its holdings in Teradata by 46.7% in the first quarter. Natixis Advisors L.P. now owns 21,282 shares of the technology company’s stock valued at $1,049,000 after purchasing an additional 6,779 shares during the period. Bank of Montreal Can increased its position in Teradata by 21.1% during the first quarter. Bank of Montreal Can now owns 10,977 shares of the technology company’s stock worth $546,000 after purchasing an additional 1,916 shares during the last quarter. Rhumbline Advisers raised its stake in Teradata by 0.3% during the first quarter. Rhumbline Advisers now owns 302,170 shares of the technology company’s stock worth $14,894,000 after purchasing an additional 947 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Teradata by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,764 shares of the technology company’s stock valued at $1,960,000 after purchasing an additional 3,791 shares during the last quarter. Institutional investors and hedge funds own 90.31% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on TDC shares. Citigroup upped their price objective on Teradata from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, February 12th. JMP Securities restated a “market outperform” rating and issued a $72.00 price objective on shares of Teradata in a report on Tuesday, February 13th. Royal Bank of Canada reduced their price objective on Teradata from $59.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 13th. StockNews.com lowered shares of Teradata from a “strong-buy” rating to a “buy” rating in a report on Friday, April 12th. Finally, Morgan Stanley downgraded shares of Teradata from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $74.00 to $48.00 in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Teradata currently has an average rating of “Moderate Buy” and a consensus price target of $56.90.

Teradata Stock Down 1.1 %

TDC traded down $0.42 during trading hours on Friday, reaching $36.33. 928,285 shares of the stock traded hands, compared to its average volume of 818,063. Teradata Co. has a fifty-two week low of $35.36 and a fifty-two week high of $57.73. The company has a debt-to-equity ratio of 4.02, a current ratio of 0.87 and a quick ratio of 0.86. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 59.56, a PEG ratio of 1.62 and a beta of 0.95. The firm’s fifty day simple moving average is $38.10 and its two-hundred day simple moving average is $42.91.

Teradata (NYSE:TDC) last announced its earnings results on Monday, February 12th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05. Teradata had a return on equity of 58.25% and a net margin of 3.38%. The business had revenue of $457.00 million for the quarter, compared to analyst estimates of $455.84 million. During the same period in the previous year, the company earned $0.05 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, analysts forecast that Teradata Co. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Teradata

In other news, insider Hillary Ashton sold 9,743 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $37.45, for a total transaction of $364,875.35. Following the completion of the sale, the insider now owns 156,704 shares of the company’s stock, valued at $5,868,564.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Hillary Ashton sold 9,743 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $37.45, for a total transaction of $364,875.35. Following the transaction, the insider now owns 156,704 shares of the company’s stock, valued at $5,868,564.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen Mcmillan sold 40,597 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $38.22, for a total value of $1,551,617.34. Following the completion of the sale, the chief executive officer now directly owns 528,302 shares of the company’s stock, valued at $20,191,702.44. The disclosure for this sale can be found here. Insiders have sold a total of 76,615 shares of company stock valued at $2,903,644 in the last three months. Corporate insiders own 0.92% of the company’s stock.

Teradata 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.