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

August 12, 2018 - By Jacob Reddy

Tech Data Corporation (NASDAQ:TECD) LogoInvestors sentiment decreased to 0.83 in 2018 Q1. Its down 0.56, from 1.39 in 2017Q4. It is negative, 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. Hsbc Public Limited Co holds 0% of its portfolio in Tech Data Corporation (NASDAQ:TECD) for 2,809 shares. 66,006 were accumulated by Citigroup. Shelton Management has 0.01% invested in Tech Data Corporation (NASDAQ:TECD) for 2,618 shares. Employees Retirement Association Of Colorado has invested 0% of its portfolio in Tech Data Corporation (NASDAQ:TECD). Aqr Capital Limited Liability Company reported 1.08M shares. Citadel Advsr Ltd Com stated it has 8,491 shares or 0% of all its holdings. Nuveen Asset Mgmt Ltd Liability holds 14,285 shares. New Mexico Educational Retirement Board, a New Mexico-based fund reported 9,600 shares. Lbmc Advsrs Ltd Liability, Tennessee-based fund reported 6,084 shares. Meeder Asset Mngmt invested in 3,472 shares. Nomura Holdings stated it has 2,947 shares or 0% of all its holdings. Stratos Wealth Prns invested in 10,803 shares. Louisiana State Employees Retirement holds 0.04% in Tech Data Corporation (NASDAQ:TECD) or 9,100 shares. 6,146 were reported by Susquehanna Intll Grp Llp. First Quadrant Lp Ca holds 0.02% or 10,276 shares.

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 $32.43M, 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 Avalonbay Cmntys Inc (NYSE:AVB) by 65,431 shares to 1.45M shares, valued at $248.39M in 2018Q2, according to the filing. It also increased its holding in Boeing Co (NYSE:BA) by 81,321 shares in the quarter, for a total of 2.34 million shares, and has risen its stake in Walmart Inc (NYSE:WMT).

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 firm has “Buy” rating by Bank of America given on Friday, March 9. The company was maintained on Friday, March 9 by Citigroup. Stifel Nicolaus maintained Tech Data Corporation (NASDAQ:TECD) rating on Thursday, March 8. Stifel Nicolaus has “Buy” rating and $110.0 target. The stock of Tech Data Corporation (NASDAQ:TECD) has “Buy” rating given on Thursday, May 31 by Pivotal Research. The firm has “Buy” rating by Northcoast given on Wednesday, February 28.

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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