FIL Ltd lowered its holdings in Talend SA (NASDAQ:TLND) by 15.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,686 shares of the technology company’s stock after selling 6,621 shares during the period. FIL Ltd owned about 0.12% of Talend worth $2,489,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA purchased a new position in Talend in the third quarter valued at about $18,944,000. Putnam Investments LLC lifted 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 worth $111,845,000 after buying an additional 259,418 shares during the last quarter. Centre Asset Management LLC bought a new position in Talend during the 3rd quarter worth approximately $335,000. Point72 Asset Management L.P. bought a new position in Talend during the 2nd quarter worth approximately $8,177,000. Finally, K.J. Harrison & Partners Inc bought a new position in Talend during the 3rd quarter worth approximately $837,000. 78.74% of the stock is owned by hedge funds and other institutional investors.
Shares of Talend stock opened at $34.74 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $1.01 billion, a PE ratio of -34.74 and a beta of 0.74. Talend SA has a twelve month low of $32.66 and a twelve month high of $73.52.
Talend (NASDAQ:TLND) last announced its quarterly earnings results on Wednesday, November 7th. The technology company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. The business had revenue of $52.07 million for the quarter, compared to analysts’ expectations of $51.84 million. Talend had a negative return on equity of 153.54% and a negative net margin of 20.40%. The business’s quarterly revenue was up 32.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) EPS. As a group, research analysts expect that Talend SA will post -1.1 EPS for the current year.
A number of research analysts have commented on the company. Zacks Investment Research downgraded Talend from a “hold” rating to a “sell” rating in a report on Friday, November 16th. BidaskClub downgraded Talend from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. ValuEngine downgraded Talend from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. Needham & Company LLC increased their target price on Talend from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. Finally, KeyCorp reduced their target price on Talend from $66.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Talend currently has an average rating of “Hold” and an average target price of $58.43.
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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