Fmr LLC Has $101.69 Million Holdings in Talend SA (TLND)

Fmr LLC raised its stake in Talend SA (NASDAQ:TLND) by 2.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,632,737 shares of the technology company’s stock after purchasing an additional 32,132 shares during the quarter. Fmr LLC owned approximately 5.60% of Talend worth $101,687,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Northern Trust Corp grew its holdings in Talend by 284.6% during the 1st quarter. Northern Trust Corp now owns 39,365 shares of the technology company’s stock worth $1,894,000 after acquiring an additional 29,129 shares in the last quarter. Atria Investments LLC acquired a new position in Talend during the 2nd quarter worth approximately $325,000. Fred Alger Management Inc. acquired a new position in Talend during the 2nd quarter worth approximately $3,273,000. Sit Investment Associates Inc. acquired a new position in Talend during the 2nd quarter worth approximately $1,009,000. Finally, Diversified Trust Co acquired a new position in Talend during the 2nd quarter worth approximately $206,000. Hedge funds and other institutional investors own 78.70% of the company’s stock.

Shares of Talend stock opened at $41.52 on Friday. Talend SA has a 12-month low of $35.46 and a 12-month high of $73.52. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.75 billion, a PE ratio of -41.52 and a beta of 0.74.

Talend (NASDAQ:TLND) last issued its earnings results on Wednesday, November 7th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. Talend had a negative net margin of 19.77% and a negative return on equity of 190.77%. The business had revenue of $52.07 million during the quarter, compared to analysts’ expectations of $51.84 million. During the same quarter in the prior year, the business posted ($0.11) EPS. The company’s revenue for the quarter was up 32.2% on a year-over-year basis. As a group, research analysts expect that Talend SA will post -1.04 earnings per share for the current year.

TLND has been the subject of several analyst reports. BidaskClub cut shares of Talend from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Needham & Company LLC boosted their price target on shares of Talend from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. Citigroup set a $86.00 price target on shares of Talend and gave the stock a “buy” rating in a report on Tuesday, September 18th. Barclays boosted their price target on shares of Talend from $72.00 to $91.00 and gave the stock an “overweight” rating in a report on Monday, September 17th. Finally, Rosenblatt Securities cut shares of Talend from a “buy” rating to a “neutral” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Talend currently has an average rating of “Buy” and a consensus price target of $61.33.

COPYRIGHT VIOLATION WARNING: “Fmr LLC Has $101.69 Million Holdings in Talend SA (TLND)” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.americanbankingnews.com/2018/11/10/fmr-llc-has-101-69-million-holdings-in-talend-sa-tlnd.html.

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.

Further Reading: How is an ETF different from a mutual fund?

Institutional Ownership by Quarter for Talend (NASDAQ:TLND)

Receive News & Ratings for Talend Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Talend and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply