Putnam Investments LLC Has $104.68 Million Stake in Talend SA (TLND)

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Putnam Investments LLC trimmed its position in Talend SA (NASDAQ:TLND) by 16.4% during the third quarter, HoldingsChannel reports. The firm owned 1,501,025 shares of the technology company’s stock after selling 294,805 shares during the period. Putnam Investments LLC owned 0.05% of Talend worth $104,682,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in TLND. Whale Rock Capital Management LLC acquired a new stake in shares of Talend in the 2nd quarter valued at $182,842,000. Capital Research Global Investors acquired a new stake in shares of Talend in the 3rd quarter valued at $45,199,000. SQN Investors LP raised its holdings in shares of Talend by 405.5% in the 3rd quarter. SQN Investors LP now owns 784,082 shares of the technology company’s stock valued at $54,682,000 after purchasing an additional 628,983 shares in the last quarter. Capital International Investors acquired a new stake in shares of Talend in the 3rd quarter valued at $43,518,000. Finally, Dorsal Capital Management LLC acquired a new stake in shares of Talend in the 3rd quarter valued at $20,922,000. Institutional investors and hedge funds own 79.60% of the company’s stock.

Shares of NASDAQ:TLND opened at $35.11 on Friday. Talend SA has a 12 month low of $32.66 and a 12 month high of $73.52. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.03.

Talend (NASDAQ:TLND) last announced its quarterly earnings results on Wednesday, November 7th. The technology company reported ($0.09) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.01. Talend had a negative net margin of 20.40% and a negative return on equity of 153.54%. The firm had revenue of $52.07 million for the quarter, compared to analyst estimates of $51.84 million. During the same period last year, the business earned ($0.11) EPS. Talend’s revenue for the quarter was up 32.2% compared to the same quarter last year. On average, research analysts forecast that Talend SA will post -1.1 earnings per share for the current year.

Several equities research analysts recently commented on TLND shares. Zacks Investment Research lowered shares of Talend from a “hold” rating to a “sell” rating in a research note on Friday, November 16th. Barclays lifted their price target on shares of Talend from $72.00 to $91.00 and gave the stock an “overweight” rating in a research note on Monday, September 17th. Rosenblatt Securities lowered shares of Talend from a “buy” rating to a “neutral” rating in a research note on Thursday, November 8th. Citigroup set a $81.00 price target on shares of Talend and gave the stock a “buy” rating in a research note on Friday, November 9th. Finally, KeyCorp reiterated a “buy” rating and set a $61.00 price target on shares of Talend in a research note on Thursday, November 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $58.43.

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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.

See Also: What is Net Asset Value (NAV)?

Want to see what other hedge funds are holding TLND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Talend SA (NASDAQ:TLND).

Institutional Ownership by Quarter for Talend (NASDAQ:TLND)

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