SCHEDULE 13G/A: BlackRock Amends Stake in Teradata Corporation, Disclosing 13.3% Passive Ownership
Beneficial Ownership Disclosure
BlackRock, Inc. has filed an Amendment No. 3 to its Schedule 13G, reporting a 13.3% beneficial ownership stake in Teradata Corporation as of March 31, 2025.
Summary
- BlackRock, Inc. filed an Amendment No. 3 to its Schedule 13G regarding its beneficial ownership in Teradata Corporation.
- As of March 31, 2025, BlackRock, Inc. beneficially owns an aggregate of 12,773,807 shares of Teradata Corporation's Common Stock.
- This ownership represents 13.3% of the total outstanding class of securities.
- BlackRock holds sole voting power over 12,551,854 shares and sole dispositive power over 12,773,807 shares.
- The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Teradata Corporation.
- One specific entity, iShares Core S&P Small-Cap ETF, an investment company managed by BlackRock, is noted to have an interest of more than 5% in Teradata's common stock.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership by a large institutional investor and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook.
Positives
- The filing indicates a significant, passive investment by a major institutional investor (BlackRock, Inc.) in Teradata Corporation, which can be viewed as a vote of confidence in the company's long-term prospects.
- BlackRock's stated intent to hold the shares in the ordinary course of business, without seeking to influence control, suggests stability in its investment approach.
Risks
- The document does not detail specific risks related to Teradata Corporation's operations or financial health. It is a disclosure of ownership, not a risk assessment of the issuer.
Future Outlook
This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding Teradata Corporation's future performance or BlackRock's future investment intentions beyond the passive nature of the holding.
Management Comments
- The filing includes a certification from BlackRock, Inc. stating that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.
Industry Context
This filing is a standard disclosure by a large institutional asset manager, BlackRock, Inc., indicating a significant passive ownership stake in Teradata Corporation. Such filings are common for investment firms that cross certain ownership thresholds, demonstrating their portfolio holdings rather than an active strategic move to influence the company's operations. It reflects BlackRock's role as a major passive investor across numerous public companies.
Comparison to Industry Standards
- This document is a regulatory filing detailing an institutional investor's ownership stake, not a performance report for Teradata Corporation. Therefore, a direct comparison to industry standards for company performance or project results is not applicable. The filing itself adheres to SEC reporting standards for Schedule 13G.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Attorney-in-fact for SEC filings (BlackRock, Inc.) | Previous Power of Attorney dated April 30, 2023 | Eric Andruczyk, Richard Cundiff, R. Andrew Dickson, III, Spencer Fleming, Laura Hildner, David Maryles, Christopher Meade, Charles Park, James Raby, Daniel Riemer, David Rothenberg and Brenda Schulz | 2025-01-21 | Execution of a new Power of Attorney, revoking the prior one, to authorize specific individuals to execute SEC filings on behalf of BlackRock, Inc. and its affiliates. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Update | BlackRock, Inc. executed a new Power of Attorney on January 21, 2025, which revokes a previous one dated April 30, 2023. This document authorizes specific individuals to execute SEC filings on behalf of BlackRock, Inc. and its subsidiaries and affiliates. | 2025-01-21 | This change relates to the internal corporate governance of BlackRock, Inc. regarding its SEC filing procedures and does not directly impact the corporate governance of Teradata Corporation. |
Stakeholder Impact
- Shareholders: Existing shareholders may view BlackRock's significant passive stake as a sign of institutional confidence, potentially contributing to market stability.
- Management: Teradata's management is aware of a large, passive institutional holder, which typically implies less direct engagement on operational matters compared to an activist investor.
Next Steps
- The document does not outline any specific future actions or milestones for Teradata Corporation or BlackRock beyond ongoing compliance with SEC reporting requirements for beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney date, revoked by the new one. |
| 2025-01-21 | Date of execution for the new Power of Attorney. |
| 2025-03-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-04-17 | Date of filing/signature of the Schedule 13G Amendment No. 3. |
Keywords
Teradata Corporation, BlackRock Inc., Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Passive Investment, TDATA
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