BlackRock Amends Teradata Stake, Maintains Significant Ownership
Ticker: TDC · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 816761
| Field | Detail |
|---|---|
| Company | Teradata Corp /De/ (TDC) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns a big chunk of Teradata, showing continued institutional confidence.**
AI Summary
BlackRock Inc. has updated its ownership stake in Teradata Corporation, a prepackaged software company, as of December 31, 2023. This amendment (Amendment No. 2) to their Schedule 13G filing indicates that BlackRock continues to be a significant institutional investor. For current or prospective shareholders, this filing confirms BlackRock's ongoing confidence in Teradata, suggesting stability in its institutional ownership base.
Why It Matters
This filing shows that a major institutional investor, BlackRock, still holds a substantial position in Teradata, which can signal confidence to other investors.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate negative risks.
Analyst Insight
An investor should note that BlackRock, a major institutional player, continues to hold a position in Teradata, suggesting a stable institutional ownership base. This filing itself doesn't indicate a change in strategy but rather an update to their existing stake.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Teradata Corporation (company) — the issuer whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring this filing
- Amendment No. 2 (number) — the specific amendment number to the Schedule 13G
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 2, filed under Rule 13d-1(b).
Who is the 'reporting person' in this filing?
The reporting person, or the entity filing this statement, is BlackRock, Inc.
What is the 'issuer' whose securities are being reported?
The issuer, or the company whose stock is being reported, is Teradata Corporation.
What is the CUSIP number for the securities mentioned?
The CUSIP number for the Common Stock of Teradata Corporation is 88076W103.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding TERADATA CORP /DE/ (TDC).