TD SYNNEX Co. (NYSE:SNX) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB reduced its stake in shares of TD SYNNEX Co. (NYSE:SNX) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,099,009 shares of the business services provider’s stock after selling 37,555 shares during the quarter. Nordea Investment Management AB owned about 1.29% of TD SYNNEX worth $128,914,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Hancock Whitney Corp raised its position in shares of TD SYNNEX by 57.9% during the 2nd quarter. Hancock Whitney Corp now owns 16,929 shares of the business services provider’s stock worth $1,954,000 after buying an additional 6,207 shares in the last quarter. ClariVest Asset Management LLC lifted its position in TD SYNNEX by 45,552.8% in the second quarter. ClariVest Asset Management LLC now owns 16,435 shares of the business services provider’s stock worth $1,897,000 after purchasing an additional 16,399 shares during the period. Pathstone Holdings LLC boosted its stake in TD SYNNEX by 45.2% during the 3rd quarter. Pathstone Holdings LLC now owns 18,300 shares of the business services provider’s stock valued at $2,197,000 after purchasing an additional 5,698 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of TD SYNNEX during the 2nd quarter valued at $1,634,000. Finally, Meeder Asset Management Inc. raised its stake in shares of TD SYNNEX by 4,293.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 13,840 shares of the business services provider’s stock worth $1,597,000 after buying an additional 13,525 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

TD SYNNEX Price Performance

Shares of NYSE:SNX opened at $118.24 on Tuesday. The company has a market cap of $10.06 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 1.14 and a beta of 1.46. The company’s fifty day moving average is $119.56 and its two-hundred day moving average is $117.84. The company has a quick ratio of 0.77, a current ratio of 1.25 and a debt-to-equity ratio of 0.46. TD SYNNEX Co. has a 12-month low of $98.70 and a 12-month high of $133.85.

Insider Activity at TD SYNNEX

In other news, Director Richard T. Hume sold 20,000 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $117.62, for a total value of $2,352,400.00. Following the transaction, the director now owns 111,080 shares in the company, valued at $13,065,229.60. This represents a 15.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Marshall Witt sold 5,653 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $121.15, for a total transaction of $684,860.95. Following the sale, the chief financial officer now owns 38,279 shares of the company’s stock, valued at approximately $4,637,500.85. This represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,466 shares of company stock valued at $9,115,980. Company insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Loop Capital reaffirmed a “buy” rating and set a $150.00 target price on shares of TD SYNNEX in a report on Monday, October 7th. Barrington Research reaffirmed an “outperform” rating and issued a $138.00 price objective on shares of TD SYNNEX in a research note on Monday, September 23rd. Royal Bank of Canada restated an “outperform” rating and set a $140.00 target price on shares of TD SYNNEX in a report on Friday, September 27th. Barclays upped their price target on TD SYNNEX from $131.00 to $132.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Finally, StockNews.com lowered TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $134.75.

TD SYNNEX Company Profile

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.