Today Tech Data Corp (TECD) Stock Reaches All-Time High

July 17, 2017 - By Migdalia James

Investors sentiment increased to 1.04 in 2016 Q4. Its up 0.24, from 0.8 in 2016Q3. It improved, as 27 investors sold Tech Data Corp shares while 89 reduced holdings. 43 funds opened positions while 78 raised stakes. 34.75 million shares or 2.02% less from 35.46 million shares in 2016Q3 were reported.
Pnc Services Gru Inc invested in 26,134 shares or 0% of the stock. Oregon Employees Retirement Fund has invested 0.02% of its portfolio in Tech Data Corp (NASDAQ:TECD). Credit Agricole S A reported 4,908 shares or 0% of all its holdings. 54,511 are held by Los Angeles Capital Mngmt & Equity Rech Inc. California Public Employees Retirement System holds 0.02% or 120,700 shares in its portfolio. James Research owns 895 shares. Blackrock Fund Advisors stated it has 2.14M shares. Tudor Invest Corp Et Al reported 4,900 shares stake. Robeco Institutional Asset Management Bv holds 0.01% of its portfolio in Tech Data Corp (NASDAQ:TECD) for 9,454 shares. Tfs Cap Limited Liability Corp reported 0.37% of its portfolio in Tech Data Corp (NASDAQ:TECD). Vident Invest Advisory Ltd Liability Company stated it has 29,210 shares. Metropolitan Life Insur New York holds 0.03% in Tech Data Corp (NASDAQ:TECD) or 56,375 shares. Kbc Grp Nv accumulated 37,057 shares or 0.03% of the stock. Connecticut-based Paloma Partners Mngmt has invested 0.01% in Tech Data Corp (NASDAQ:TECD). State Treasurer State Of Michigan invested in 14,150 shares.

Since March 13, 2017, it had 0 insider buys, and 8 insider sales for $2.65 million activity. 3,500 shares were sold by TREPANI JOSEPH B, worth $333,384. 6,000 Tech Data Corp (NASDAQ:TECD) shares with value of $601,560 were sold by VETTER DAVID R. QUAGLIA JOSEPH H had sold 4,800 shares worth $494,400. The insider DANNEWITZ CHARLES V sold $190,571. 1,000 Tech Data Corp (NASDAQ:TECD) shares with value of $91,226 were sold by Taylor Jeffrey Louis. HARCZAK HARRY J JR also sold $201,784 worth of Tech Data Corp (NASDAQ:TECD) shares. Another trade for 3,323 shares valued at $312,392 was made by ADAIR CHARLES E on Monday, March 13.

The stock of Tech Data Corp (NASDAQ:TECD) reached all time high today, Jul, 17 and still has $115.73 target or 9.00 % above today’s $106.17 share price. This indicates more upside for the $4.06 billion company. This technical setup was reported by Barchart.com. If the $115.73 PT is reached, the company will be worth $365.40 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

About 215,484 shares traded. Tech Data Corp (NASDAQ:TECD) has risen 41.82% since July 17, 2016 and is uptrending. It has outperformed by 25.12% the S&P500.

Tech Data Corp (NASDAQ:TECD) Ratings Coverage

Among 5 analysts covering Tech Data Corp (NASDAQ:TECD), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Tech Data Corp had 10 analyst reports since August 18, 2015 according to SRatingsIntel. Citigroup maintained Tech Data Corp (NASDAQ:TECD) rating on Thursday, September 22. Citigroup has “Sell” rating and $80 target. The company was upgraded on Friday, June 2 by Citigroup. The firm earned “Buy” rating on Tuesday, September 20 by Bank of America. Bank of America initiated the stock with “Underperform” rating in Tuesday, August 18 report. As per Tuesday, September 20, the company rating was upgraded by Stifel Nicolaus. Citigroup maintained the stock with “Sell” rating in Friday, May 27 report. Raymond James downgraded Tech Data Corp (NASDAQ:TECD) on Monday, October 12 to “Underperform” rating. The rating was upgraded by Raymond James to “Mkt Perform” on Wednesday, November 25. As per Tuesday, August 30, the company rating was upgraded by Bank of America.

More important recent Tech Data Corp (NASDAQ:TECD) news were published by: Prnewswire.com which released: “C2FO Announces Five-Year Global Partnership Extension with Tech Data Corporation” on June 20, 2017, also Globenewswire.com published article titled: “SolarWinds Announces Expanded Distribution Partnership With Tech Data …”, Reuters.com published: “BRIEF-C2FO announces 5-yr partnership extension with Tech Data Corp” on June 20, 2017. More interesting news about Tech Data Corp (NASDAQ:TECD) was released by: Prnewswire.com and their article: “Tech Data Corporation Reports First Quarter Fiscal Year 2018 Results” with publication date: June 01, 2017.

Tech Data Corporation is a wholesale distributor of technology products. The company has market cap of $4.06 billion. The Firm serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its clients with logistics capabilities and services. It has a 19.75 P/E ratio. It operates through the segment of distributing technology products, logistics management and other value-added services.

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