Dorsey Wright & Associates lessened its stake in Talend SA (NASDAQ:TLND) by 33.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,287 shares of the technology company’s stock after selling 62,077 shares during the quarter. Talend accounts for 1.6% of Dorsey Wright & Associates’ investment portfolio, making the stock its 11th largest position. Dorsey Wright & Associates owned approximately 0.43% of Talend worth $8,668,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in TLND. Centre Asset Management LLC purchased a new position in Talend during the 3rd quarter valued at about $335,000. Northern Trust Corp increased its holdings in Talend by 6.2% during the 2nd quarter. Northern Trust Corp now owns 41,811 shares of the technology company’s stock valued at $2,604,000 after acquiring an additional 2,446 shares in the last quarter. FMR LLC increased its holdings in Talend by 2.0% during the 2nd quarter. FMR LLC now owns 1,632,737 shares of the technology company’s stock valued at $101,687,000 after acquiring an additional 32,132 shares in the last quarter. Carnegie Capital Asset Management LLC increased its holdings in Talend by 86.2% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 22,340 shares of the technology company’s stock valued at $1,325,000 after acquiring an additional 10,340 shares in the last quarter. Finally, Putnam Investments LLC increased its holdings in Talend by 16.9% during the 2nd quarter. Putnam Investments LLC now owns 1,795,830 shares of the technology company’s stock valued at $111,845,000 after acquiring an additional 259,418 shares in the last quarter. Institutional investors and hedge funds own 78.09% of the company’s stock.
Several research firms have weighed in on TLND. BidaskClub downgraded shares of Talend from a “buy” rating to a “hold” rating in a report on Saturday, September 29th. Barclays raised their target price on shares of Talend from $72.00 to $91.00 and gave the company an “overweight” rating in a report on Monday, September 17th. Citigroup set a $86.00 target price on shares of Talend and gave the company a “buy” rating in a report on Tuesday, September 18th. Zacks Investment Research upgraded shares of Talend from a “sell” rating to a “hold” rating in a report on Thursday, August 30th. Finally, KeyCorp dropped their target price on shares of Talend from $66.00 to $61.00 and set an “overweight” rating for the company in a report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Talend has an average rating of “Buy” and a consensus price target of $66.17.
Shares of Talend stock traded up $2.18 during mid-day trading on Friday, hitting $61.30. 367,100 shares of the stock were exchanged, compared to its average volume of 273,887. Talend SA has a twelve month low of $35.46 and a twelve month high of $73.52. The stock has a market capitalization of $2.03 billion, a P/E ratio of -61.39 and a beta of 0.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.15 and a quick ratio of 1.15.
Talend (NASDAQ:TLND) last released its quarterly earnings results on Monday, August 6th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.12). Talend had a negative net margin of 19.77% and a negative return on equity of 190.77%. The company had revenue of $49.80 million for the quarter, compared to analysts’ expectations of $49.32 million. During the same period last year, the company earned ($0.20) EPS. The firm’s revenue for the quarter was up 39.1% compared to the same quarter last year. As a group, analysts forecast that Talend SA will post -1.04 EPS for the current year.
Talend Company Profile
Talend SA provides platform to address IT integration needs in various industries. It designs and develops Talend Data Fabric, a software platform that integrates data and applications in real time across big data and cloud environments, as well as traditional systems, which allows organizations to develop a unified view of their business and customers.
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