Massachusetts Financial Services Co. MA purchased a new stake in shares of Talend SA (NASDAQ:TLND) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 271,636 shares of the technology company’s stock, valued at approximately $18,944,000. Massachusetts Financial Services Co. MA owned 0.93% of Talend as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Whale Rock Capital Management LLC acquired a new stake in Talend during the second quarter valued at approximately $182,842,000. Hunt Lane Capital LP boosted its holdings in Talend by 5.9% during the second quarter. Hunt Lane Capital LP now owns 1,800,000 shares of the technology company’s stock valued at $112,104,000 after purchasing an additional 100,000 shares in the last quarter. Putnam Investments LLC boosted its holdings in Talend by 16.9% during the second quarter. Putnam Investments LLC now owns 1,795,830 shares of the technology company’s stock valued at $111,845,000 after purchasing an additional 259,418 shares in the last quarter. FMR LLC boosted its holdings in Talend by 2.0% during the second quarter. FMR LLC now owns 1,632,737 shares of the technology company’s stock valued at $101,687,000 after purchasing an additional 32,132 shares in the last quarter. Finally, Granite Investment Partners LLC boosted its holdings in Talend by 0.6% during the second quarter. Granite Investment Partners LLC now owns 291,611 shares of the technology company’s stock valued at $18,161,000 after purchasing an additional 1,636 shares in the last quarter. Hedge funds and other institutional investors own 78.70% of the company’s stock.
A number of research firms have weighed in on TLND. Zacks Investment Research raised Talend from a “sell” rating to a “hold” rating in a report on Thursday, August 30th. BidaskClub raised Talend from a “hold” rating to a “buy” rating in a report on Friday. KeyCorp decreased their price objective on Talend from $66.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, August 7th. Barclays lifted their price objective on Talend from $72.00 to $91.00 and gave the company an “overweight” rating in a report on Monday, September 17th. Finally, Citigroup set a $86.00 price objective on Talend and gave the company a “buy” rating in a report on Tuesday, September 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. Talend currently has a consensus rating of “Buy” and an average price target of $66.17.
NASDAQ TLND opened at $59.61 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market cap of $1.82 billion, a price-to-earnings ratio of -59.61 and a beta of 0.74. Talend SA has a 1-year low of $35.46 and a 1-year high of $73.52.
Talend (NASDAQ:TLND) last announced its earnings results on Monday, August 6th. The technology company reported ($0.12) EPS for the quarter, hitting the consensus estimate of ($0.12). The business had revenue of $49.80 million for the quarter, compared to the consensus estimate of $49.32 million. Talend had a negative return on equity of 190.77% and a negative net margin of 19.77%. Talend’s revenue was up 39.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.20) EPS. On average, sell-side analysts predict that Talend SA will post -1.04 EPS for the current year.
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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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