Bank of New York Mellon Corp lowered its position in shares of Talend SA (NASDAQ:TLND) by 4.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,060,122 shares of the technology company’s stock after selling 96,090 shares during the period. Bank of New York Mellon Corp owned about 0.07% of Talend worth $128,304,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Centaurus Financial Inc. purchased a new position in shares of Talend in the 2nd quarter worth about $101,000. BlackRock Inc. raised its position in shares of Talend by 1,906.0% in the 2nd quarter. BlackRock Inc. now owns 2,347 shares of the technology company’s stock worth $146,000 after purchasing an additional 2,230 shares during the last quarter. Engineers Gate Manager LP purchased a new position in shares of Talend in the 2nd quarter worth about $206,000. Diversified Trust Co purchased a new position in shares of Talend in the 2nd quarter worth about $206,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of Talend in the 2nd quarter worth about $282,000. 78.70% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on TLND shares. Citigroup set a $86.00 price target on Talend and gave the stock a “buy” rating in a research report on Tuesday, September 18th. BidaskClub raised Talend from a “hold” rating to a “buy” rating in a research report on Friday, November 2nd. Needham & Company LLC lifted their price target on Talend from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Zacks Investment Research raised Talend from a “sell” rating to a “hold” rating in a research report on Thursday, August 30th. Finally, KeyCorp lowered their price target on Talend from $66.00 to $61.00 and set an “overweight” rating for the company in a research report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. Talend has a consensus rating of “Buy” and an average target price of $66.17.
NASDAQ TLND opened at $59.99 on Wednesday. Talend SA has a one year low of $35.46 and a one year high of $73.52. The stock has a market capitalization of $1.82 billion, a P/E ratio of -59.99 and a beta of 0.74. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.03.
Talend (NASDAQ:TLND) last released its quarterly earnings data on Monday, August 6th. The technology company reported ($0.12) EPS for the quarter, hitting the consensus estimate of ($0.12). Talend had a negative return on equity of 190.77% and a negative net margin of 19.77%. The company had revenue of $49.80 million during the quarter, compared to the consensus estimate of $49.32 million. During the same period last year, the company earned ($0.20) EPS. Talend’s revenue for the quarter was up 39.1% on a year-over-year basis. On average, sell-side analysts expect 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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