Schwab Charles Investment Management Inc Decreased Tech Data Corp (NASDAQ:TECD) Stake By $13.73 Million

August 12, 2018 - By Robert Reynolds

Tech Data Corporation (NASDAQ:TECD) LogoInvestors sentiment decreased to 0.83 in 2018 Q1. Its down 0.56, from 1.39 in 2017Q4. It dropped, as 35 investors sold TECD shares while 93 reduced holdings. 37 funds opened positions while 69 raised stakes. 35.73 million shares or 1.77% more from 35.11 million shares in 2017Q4 were reported. Texas Permanent School Fund holds 22,984 shares or 0.03% of its portfolio. Northcoast Asset Mgmt Llc holds 0.06% or 7,311 shares. The Ontario – Canada-based Canada Pension Plan Inv Board has invested 0.01% in Tech Data Corporation (NASDAQ:TECD). Leavell Inv Management Inc stated it has 0.03% in Tech Data Corporation (NASDAQ:TECD). Ameritas Inv Prtn, a Nebraska-based fund reported 13,405 shares. Kempen Capital Management Nv stated it has 0.32% of its portfolio in Tech Data Corporation (NASDAQ:TECD). Natixis reported 0% stake. Nomura holds 0% of its portfolio in Tech Data Corporation (NASDAQ:TECD) for 2,947 shares. Nuveen Asset Mngmt Lc reported 0.01% in Tech Data Corporation (NASDAQ:TECD). Commonwealth Savings Bank Of Aus reported 0.02% of its portfolio in Tech Data Corporation (NASDAQ:TECD). Northern Trust Corporation owns 658,730 shares for 0.01% of their portfolio. 106,768 were reported by California Employees Retirement. New Jersey-based Prudential Fin has invested 0.04% in Tech Data Corporation (NASDAQ:TECD). Jacobs Levy Equity Management reported 0.46% in Tech Data Corporation (NASDAQ:TECD). Schroder Investment Management Group has 164,300 shares for 0.02% of their portfolio.

Schwab Charles Investment Management Inc decreased its stake in Tech Data Corp (NASDAQ:TECD) by 29.78% based on its latest 2018Q2 regulatory filing with the SEC. Schwab Charles Investment Management Inc sold 167,467 shares as the company’s stock declined 22.80% with the market. The institutional investor held 394,876 shares of the computer software & peripheral equipment company at the end of 2018Q2, valued at $32.43 million, down from 562,343 at the end of the previous reported quarter. Schwab Charles Investment Management Inc who had been investing in Tech Data Corp for a number of months, seems to be less bullish one the $3.23B market cap company. The stock decreased 1.39% or $1.19 during the last trading session, reaching $84.31. About 94,336 shares traded. Tech Data Corporation (NASDAQ:TECD) has declined 14.61% since August 13, 2017 and is downtrending. It has underperformed by 27.18% the S&P500.

Schwab Charles Investment Management Inc, which manages about $137.28B US Long portfolio, upped its stake in Superior Energy Svcs Inc (NYSE:SPN) by 1.37 million shares to 2.43 million shares, valued at $23.67M in 2018Q2, according to the filing. It also increased its holding in Merck & Co Inc (NYSE:MRK) by 470,850 shares in the quarter, for a total of 11.08 million shares, and has risen its stake in Cvs Health Corp (NYSE:CVS).

Schwab Charles Investment Management Inc is a California-based institutional investor with more than $248.00 billion AUM in March, 2014. This fund invests only a small percentage of its assets in equities and options. Schwab Charles Investment Management Inc is the 13th largest institutional investor in our database. Taken from Schwab Charles Investment Management latest Adv, the fund reported to have 200 full and part-time employees. Among which 69 performing investment advisory and research functions. The institutional investor had more than 1400 clients.

Tech Data Corporation (NASDAQ:TECD) Ratings Coverage

Among 5 analysts covering Tech Data Corp (NASDAQ:TECD), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Tech Data Corp had 5 analyst reports since February 28, 2018 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, March 8. Pivotal Research maintained Tech Data Corporation (NASDAQ:TECD) rating on Thursday, May 31. Pivotal Research has “Buy” rating and $10500 target. Northcoast maintained the shares of TECD in report on Wednesday, February 28 with “Buy” rating. The company was maintained on Friday, March 9 by Citigroup. The stock of Tech Data Corporation (NASDAQ:TECD) earned “Buy” rating by Bank of America on Friday, March 9.

Tech Data Corporation engages in the wholesale distribution of technology products. The company has market cap of $3.23 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 27.18 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.

Another recent and important Tech Data Corporation (NASDAQ:TECD) news was published by Bizjournals.com which published an article titled: “Husband-and-wife team, former Valpak and Girl Scouts executives, buy St. Pete fitness company” on August 09, 2018.

Tech Data Corporation (NASDAQ:TECD) Institutional Positions Chart

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