Harber Asset Management LLC Sells 186,201 Shares of Teradata Co. (NYSE:TDC)

Harber Asset Management LLC lowered its position in Teradata Co. (NYSE:TDC) by 34.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 348,484 shares of the technology company’s stock after selling 186,201 shares during the period. Teradata comprises about 3.2% of Harber Asset Management LLC’s investment portfolio, making the stock its 16th biggest holding. Harber Asset Management LLC owned 0.36% of Teradata worth $10,573,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. M&G Plc grew its stake in shares of Teradata by 2,920.3% during the 2nd quarter. M&G Plc now owns 1,183,683 shares of the technology company’s stock worth $41,429,000 after purchasing an additional 1,144,492 shares during the period. AQR Capital Management LLC increased its position in shares of Teradata by 60.9% during the second quarter. AQR Capital Management LLC now owns 2,136,209 shares of the technology company’s stock worth $73,827,000 after acquiring an additional 808,691 shares during the last quarter. Lynrock Lake LP grew its holdings in shares of Teradata by 9.9% in the 2nd quarter. Lynrock Lake LP now owns 6,666,666 shares of the technology company’s stock worth $230,400,000 after acquiring an additional 600,000 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Teradata by 828.5% during the third quarter. Assenagon Asset Management S.A. now owns 444,450 shares of the technology company’s stock valued at $13,485,000 after purchasing an additional 396,584 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in Teradata by 21.7% in the 3rd 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 during the period. Hedge funds and other institutional investors own 90.31% of the company’s stock.

Insider Activity at Teradata

In other Teradata news, insider Hillary Ashton sold 14,962 shares of Teradata 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 sale, the insider now owns 121,382 shares of the company’s stock, valued at approximately $3,341,646.46. The trade was a 10.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.86% of the stock is owned by corporate insiders.

Teradata Stock Performance

NYSE TDC opened at $31.41 on Tuesday. Teradata Co. has a 1 year low of $24.02 and a 1 year high of $49.44. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.80 and a quick ratio of 0.79. The company has a fifty day moving average price of $30.76 and a 200-day moving average price of $30.91. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 37.39, a PEG ratio of 3.04 and a beta of 0.79.

Teradata (NYSE:TDC) last announced its earnings results on Monday, November 4th. The technology company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.13. Teradata had a net margin of 4.56% and a return on equity of 145.40%. The business had revenue of $440.00 million during the quarter, compared to analyst estimates of $417.71 million. During the same period in the previous year, the business earned $0.14 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. As a group, equities research analysts predict that Teradata Co. will post 1.41 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on TDC shares. StockNews.com upgraded shares of Teradata from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 6th. JMP Securities lowered shares of Teradata from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 6th. Evercore ISI upped their price target on shares of Teradata from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $32.00 price target on shares of Teradata in a research note on Tuesday, November 5th. Finally, TD Cowen lowered their price objective on shares of Teradata from $37.00 to $29.00 and set a “hold” rating on the stock in a research report on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $39.91.

About Teradata

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.