Tech Data Corp (TECD) : Invictus Rg Pte. Ltd. scooped up 12,005 additional shares in Tech Data Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 12,600 shares of Tech Data Corp which is valued at $1,032,570.Tech Data Corp makes up approximately 0.88% of Invictus Rg Pte. Ltd.’s portfolio.
Other Hedge Funds, Including , Wellington Management Group Llp boosted its stake in TECD in the latest quarter, The investment management firm added 29,490 additional shares and now holds a total of 52,226 shares of Tech Data Corp which is valued at $4,279,921.O’shaughnessy Asset Management reduced its stake in TECD by selling 2,408 shares or 3.56% in the most recent quarter. The Hedge Fund company now holds 65,293 shares of TECD which is valued at $5,350,761. Tech Data Corp makes up approx 0.12% of O’shaughnessy Asset Management’s portfolio.Credit Suisse Ag boosted its stake in TECD in the latest quarter, The investment management firm added 35,325 additional shares and now holds a total of 71,920 shares of Tech Data Corp which is valued at $5,893,844. Tech Data Corp makes up approx 0.01% of Credit Suisse Ag’s portfolio.Fuller Thaler Asset Management boosted its stake in TECD in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 3,200 shares of Tech Data Corp which is valued at $249,632.
Tech Data Corp closed down -0.9 points or -1.21% at $73.34 with 7,23,612 shares getting traded on Thursday. Post opening the session at $74.11, the shares hit an intraday low of $71.946 and an intraday high of $74.81 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Tech Data Corp reported $1.42 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 25, 2016. Analyst had a consensus of $1.43. The company had revenue of $6353.70 million for the quarter, compared to analysts expectations of $6627.70 million. The company’s revenue was down -3.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.43 EPS.
Many Wall Street Analysts have commented on Tech Data Corp. Tech Data Corp was Upgraded by BofA/Merrill to ” Neutral” on Aug 30, 2016. Tech Data Corp was Initiated by Northcoast to “Neutral” on Aug 10, 2016.
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 customers with logistics capabilities and services. Its customers include approximately 115000 value-added resellers (VARs) direct marketers retailers and corporate resellers who support the diverse technology needs of end users. It sells its products to customers in more than 100 countries throughout North America South America Europe the Middle East and Africa. The Company is managed in two geographic segments: the Americas and Europe. In addition to a range of product offerings the Company provides resellers training and technical support suite of electronic commerce tools (including Internet order entry and electronic data interchange (EDI) services) customized shipping documents product configuration or integration services and access to financing programs.