As Tech Data Corp (TECD) Stock Price Rose, Hancock Holding Company Has Boosted Its Stake by $11.02 Million

February 15, 2018 - By Vivian Currie

Investors sentiment decreased to 1.17 in 2017 Q3. Its down 0.37, from 1.54 in 2017Q2. It turned negative, as 27 investors sold TECD 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. Century has invested 0.02% of its portfolio in Tech Data Corporation (NASDAQ:TECD). Anchor Capital Advsrs Limited Liability Company owns 16,793 shares or 0.05% of their US portfolio. Chicago Equity Prtn Ltd reported 41,135 shares stake. State Board Of Administration Of Florida Retirement System accumulated 16,759 shares. Nuveen Asset Mgmt Ltd Liability Co holds 14,228 shares or 0.01% of its portfolio. 24,729 are owned by Citigroup. Aperio Grp Inc Ltd holds 0.02% or 43,660 shares in its portfolio. Bluecrest Capital Ltd invested 0.01% of its portfolio in Tech Data Corporation (NASDAQ:TECD). Weaver C Barksdale And invested in 1,700 shares or 0.17% of the stock. Manufacturers Life Insurance The invested in 75,968 shares or 0.01% of the stock. Greenlight Capital Inc holds 90,000 shares. Livforsakringsbolaget Skandia Omsesidigt reported 33,500 shares. Tiaa Cref Mgmt Limited invested in 217,642 shares. Strs Ohio has 16,700 shares. Services Automobile Association holds 57,773 shares or 0.02% of its portfolio.

Hancock Holding Company increased its stake in Tech Data Corp (TECD) by 76.59% based on its latest 2017Q3 regulatory filing with the SEC. Hancock Holding Company bought 125,175 shares as the company’s stock rose 6.40% with the market. The institutional investor held 288,601 shares of the computer software & peripheral equipment company at the end of 2017Q3, valued at $25.64M, up from 163,426 at the end of the previous reported quarter. Hancock Holding Company who had been investing in Tech Data Corp for a number of months, seems to be bullish on the $3.77 billion market cap company. The stock increased 1.20% or $1.17 during the last trading session, reaching $98.82. About 181,776 shares traded. Tech Data Corporation (NASDAQ:TECD) has risen 41.82% since February 15, 2017 and is uptrending. It has outperformed by 25.12% the S&P500.

Hancock Holding Company, which manages about $2.36 billion US Long portfolio, decreased its stake in Aaron’s Inc (NYSE:AAN) by 70,748 shares to 243,852 shares, valued at $10.64M in 2017Q3, according to the filing. It also reduced its holding in Boeing Co (NYSE:BA) by 12,898 shares in the quarter, leaving it with 66,141 shares, and cut its stake in Scripps Networks Interactive (NYSE:SNI).

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. Prnewswire.com‘s article titled: “Tech Data Corporation Reports Third Quarter Fiscal Year 2018 Results” and published on November 27, 2017 is yet another important article.

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 had 19 analyst reports since August 18, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Tuesday, August 30 by Bank of America. Stifel Nicolaus maintained Tech Data Corporation (NASDAQ:TECD) on Tuesday, November 28 with “Buy” rating. The firm has “Buy” rating given on Tuesday, September 20 by Stifel Nicolaus. The stock of Tech Data Corporation (NASDAQ:TECD) earned “Buy” rating by Needham on Wednesday, October 11. Citigroup maintained the stock with “Sell” rating in Friday, May 27 report. The stock of Tech Data Corporation (NASDAQ:TECD) has “Buy” rating given on Monday, September 18 by Needham. The firm earned “Mkt Perform” rating on Wednesday, November 25 by Raymond James. Citigroup maintained the stock with “Sell” rating in Thursday, September 22 report. Bank of America initiated the stock with “Underperform” rating in Tuesday, August 18 report. As per Friday, September 1, the company rating was maintained by Loop Capital Markets.

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