KLP Kapitalforvaltning AS Invests $645,000 in Teradata Co. (NYSE:TDC)

KLP Kapitalforvaltning AS acquired a new stake in Teradata Co. (NYSE:TDC) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 20,700 shares of the technology company’s stock, valued at approximately $645,000.

Other institutional investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new position in shares of Teradata in the 3rd quarter valued at $27,000. Independence Bank of Kentucky acquired a new position in Teradata during the fourth quarter worth about $37,000. Groupama Asset Managment bought a new position in shares of Teradata in the third quarter worth about $50,000. GAMMA Investing LLC boosted its stake in shares of Teradata by 91.5% in the 4th quarter. GAMMA Investing LLC now owns 1,829 shares of the technology company’s stock valued at $57,000 after purchasing an additional 874 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Teradata by 20.9% during the 4th quarter. Venturi Wealth Management LLC now owns 2,109 shares of the technology company’s stock valued at $66,000 after purchasing an additional 365 shares during the last quarter. 90.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TDC. Guggenheim cut their target price on shares of Teradata from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. JMP Securities restated a “market perform” rating on shares of Teradata in a research report on Thursday, February 13th. Evercore ISI dropped their target price on Teradata from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. StockNews.com lowered Teradata from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Royal Bank of Canada dropped their price objective on shares of Teradata from $32.00 to $29.00 and set a “sector perform” rating for the company in a report on Wednesday, February 12th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Teradata presently has a consensus rating of “Hold” and an average price target of $34.40.

Teradata Price Performance

Shares of NYSE TDC opened at $22.77 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.81 and a debt-to-equity ratio of 3.65. The company has a market capitalization of $2.15 billion, a PE ratio of 19.46, a P/E/G ratio of 6.23 and a beta of 0.75. The firm has a fifty day simple moving average of $25.98 and a 200 day simple moving average of $29.24. Teradata Co. has a twelve month low of $21.80 and a twelve month high of $38.99.

Teradata (NYSE:TDC) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.14). Teradata had a net margin of 6.51% and a return on equity of 149.16%. On average, sell-side analysts forecast that Teradata Co. will post 1.31 EPS for the current year.

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.