Bank of New York Mellon Corp decreased its position in Talend SA (NASDAQ:TLND) by 4.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund 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 7.07% of Talend worth $128,304,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of TLND. Whale Rock Capital Management LLC bought a new position in shares of Talend in the second quarter worth approximately $182,842,000. Putnam Investments LLC grew its holdings in shares of Talend by 16.9% in the second quarter. Putnam Investments LLC now owns 1,795,830 shares of the technology company’s stock worth $111,845,000 after purchasing an additional 259,418 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Talend in the second quarter worth approximately $10,995,000. Point72 Asset Management L.P. bought a new position in shares of Talend in the second quarter worth approximately $8,177,000. Finally, Hunt Lane Capital LP grew its holdings in shares of Talend by 5.9% in the second quarter. Hunt Lane Capital LP now owns 1,800,000 shares of the technology company’s stock worth $112,104,000 after purchasing an additional 100,000 shares during the last quarter. Hedge funds and other institutional investors own 78.70% of the company’s stock.
TLND has been the topic of several recent analyst reports. BidaskClub upgraded shares of Talend from a “hold” rating to a “buy” rating in a report on Friday, November 2nd. Needham & Company LLC lifted their price target on shares of Talend from $64.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. KeyCorp cut their price target on shares of Talend from $66.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, August 7th. Citigroup set a $86.00 price target on shares of Talend and gave the company a “buy” rating in a report on Tuesday, September 18th. Finally, Barclays lifted their price target on shares of Talend from $72.00 to $91.00 and gave the company an “overweight” rating in a report on Monday, September 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $66.17.
NASDAQ:TLND opened at $59.99 on Wednesday. The firm has a market capitalization of $1.82 billion, a P/E ratio of -59.99 and a beta of 0.74. Talend SA has a twelve month low of $35.46 and a twelve month high of $73.52. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.03.
Talend (NASDAQ:TLND) last released its quarterly earnings results on Monday, August 6th. The technology company reported ($0.12) earnings per share for the quarter, meeting the consensus estimate of ($0.12). The business had revenue of $49.80 million for the quarter, compared to analysts’ expectations of $49.32 million. Talend had a negative net margin of 19.77% and a negative return on equity of 190.77%. The firm’s revenue for the quarter was up 39.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.20) earnings per share. As a group, analysts predict that Talend SA will post -1.04 earnings per share for the current fiscal 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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