Tech Data Corp: Dimensional Fund Advisors Lp Bought Stake

February 10, 2018 - By Richard Conner

 Tech Data Corp: Dimensional Fund Advisors Lp Bought Stake

Investors sentiment decreased to 1.17 in Q3 2017. Its down 0.37, from 1.54 in 2017Q2. It dived, as 27 investors sold Tech Data Corporation shares while 82 reduced holdings. 47 funds opened positions while 80 raised stakes. 36.31 million shares or 2.77% less from 37.35 million shares in 2017Q2 were reported.

Anchor Capital Llc accumulated 0.05% or 16,793 shares. Cornerstone Cap Mngmt Holdg Ltd Liability Corporation holds 0.04% or 50,255 shares. Dupont Mgmt Corp reported 0.05% in Tech Data Corporation (NASDAQ:TECD). Matarin Capital Mgmt Ltd Limited Liability Company accumulated 0.66% or 87,348 shares. Pillar Pacific Management Ltd Liability Co stated it has 2,410 shares. United Kingdom-based Barclays Public Limited has invested 0% in Tech Data Corporation (NASDAQ:TECD). Bailard Incorporated owns 8,766 shares. Yorktown And Research Co stated it has 7,100 shares or 0.17% of all its holdings. Cantab Cap Llp holds 29,190 shares. Ameritas Invest Partners accumulated 13,405 shares. Northpointe Cap Limited Company has invested 0.28% in Tech Data Corporation (NASDAQ:TECD). Quantbot Technology Limited Partnership invested in 7,330 shares. Natixis holds 0.01% or 6,739 shares. Bluecrest Management Ltd holds 0.01% of its portfolio in Tech Data Corporation (NASDAQ:TECD) for 2,782 shares. Hbk Invs L P holds 0% in Tech Data Corporation (NASDAQ:TECD) or 2,898 shares.

The New Dimensional Fund Advisors Lp Holding in Tech Data Corp

Dimensional Fund Advisors Lp reported SC 13G/A form with the SEC for Tech Data Corp. Access it here: 000125889718001294. As reported by Dimensional Fund Advisors Lp, the filler owns 7.88% or 3,005,877 shares of the Information Technology–company.

Tech Data Corp stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Dimensional Fund Advisors Lp’s positive view for Tech Data Corp. For a institutional investor managing $347.00 billion in assets and having 488+ experts this is interesting position.

Tech Data Corp Institutional Sentiment

Filings show 233 investors own Tech Data Corp. The ownership in Q3 2015 is very high, at Infinity of the outstanding shares. This is increased by 2607257. 34848466 were owned by these investors. 42 funds opened new Tech Data Corp stakes, 78 increased positions. There were 29 that closed positions and 94 reduced them.

6 investors had the stock in their top 10. Some are: Hancock Holding Co, Shayne & Co. Llc, Springowl Associates Llc..

Rotella Capital Management Inc is an investor bullish on Tech Data Corp, owning 22871 shares as of Q3 2015 for 0.51% of its portfolio. Shayne & Co owns 112538 shares or 6.60% of its portfolio. KS Dean Capital Management have 2.53% of its portfolio for 26477 shares. Further, Ellington Management Group Llc reported stake worth 0.56% of its portfolio. The U0 Invictus Rg Pte Ltd owns 12600 shares. Tech Data Corp is 0.81% of its portfolio.

Business Profile

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 its customers with logistics capabilities and services. It operates through the segment of distributing technology products, logistics management and other value-added services. It operates in two geographic segments: the Americas and Europe. It provides resellers training and technical support suite of electronic commerce tools customized shipping documents product configuration or integration services and access to financing programs. Its customers include value-added resellers, direct marketers, retailers and corporate resellers who support the diverse technology needs of end users. It sells its products to customers in approximately 100 countries throughout North America, South America, Europe, the Middle East and Africa.

SEC Form 13G.

Dimensional Fund Advisors Lp website.

Analysts await Tech Data Corporation (NASDAQ:TECD) to report earnings on March, 14. They expect $3.53 earnings per share, up 44.08 % or $1.08 from last year’s $2.45 per share. TECD’s profit will be $134.67M for 6.54 P/E if the $3.53 EPS becomes a reality. After $2.00 actual earnings per share reported by Tech Data Corporation for the previous quarter, Wall Street now forecasts 76.50 % EPS growth.

The stock increased 0.26% or $0.24 during the last trading session, reaching $92.4. About 308,591 shares traded. Tech Data Corporation (NASDAQ:TECD) has risen 41.82% since February 10, 2017 and is uptrending. It has outperformed by 25.12% the S&P500.

Tech Data Corporation engages in the wholesale distribution of technology products. The company has market cap of $3.53 billion. It distributes and markets broadline products, such as notebooks, tablets, desktops, printers, printer supplies, and components; and data center products, including industry standard servers, proprietary servers, networking, and storage products. It has a 17.82 P/E ratio. The firm also offers software products, such as virtualization, cloud, security, desktop applications, operating systems, and utilities software; mobility products consisting of mobile phones and accessories; and consumer electronics comprising TV's, digital displays, consumer audio-visual devices, and network-attached consumer devices.

Tech Data Corporation (NASDAQ:TECD) Ratings Coverage

Among 8 analysts covering Tech Data Corp (NASDAQ:TECD), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Tech Data Corp has $130.0 highest and $49 lowest target. $92.86’s average target is 0.50% above currents $92.4 stock price. Tech Data Corp had 19 analyst reports since August 18, 2015 according to SRatingsIntel. As per Tuesday, September 20, the company rating was upgraded by Stifel Nicolaus. On Monday, October 12 the stock rating was downgraded by Raymond James to “Underperform”. The stock has “Neutral” rating by Bank of America on Tuesday, August 30. The stock of Tech Data Corporation (NASDAQ:TECD) has “Buy” rating given on Thursday, August 24 by Loop Capital Markets. The rating was maintained by Citigroup with “Sell” on Friday, May 27. The firm has “Underperform” rating given on Tuesday, August 18 by Bank of America. The company was maintained on Thursday, September 22 by Citigroup. Citigroup upgraded Tech Data Corporation (NASDAQ:TECD) on Friday, June 2 to “Neutral” rating. Needham maintained the shares of TECD in report on Monday, September 18 with “Buy” rating. The stock of Tech Data Corporation (NASDAQ:TECD) has “Hold” rating given on Tuesday, November 28 by Raymond James.

More news for Tech Data Corporation (NASDAQ:TECD) were recently published by: Gurufocus.com, which released: “Redmond Asset Management, LLC Buys Tech Data Corp, Liberty SiriusXM Group …” on February 02, 2018. Fool.com‘s article titled: “Tech Data Corporation (TECD) Q3 2018 Earnings Conference Call Transcript” and published on November 28, 2017 is yet another important article.

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