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

Putnam Investments LLC decreased its position in Talend SA (NASDAQ:TLND) by 16.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 5.15% of Talend worth $104,682,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TLND. Engineers Gate Manager LP purchased a new stake in shares of Talend in the 2nd quarter valued at approximately $206,000. Eagle Asset Management Inc. purchased a new stake in shares of Talend in the 2nd quarter valued at approximately $4,469,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Talend in the 2nd quarter valued at approximately $282,000. BlackRock Inc. boosted its position in shares of Talend by 1,906.0% during 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 period. Finally, Gagnon Advisors LLC boosted its position in shares of Talend by 1.5% during the 2nd quarter. Gagnon Advisors LLC now owns 105,541 shares of the technology company’s stock worth $6,573,000 after purchasing an additional 1,521 shares during the period. 79.60% of the stock is owned by institutional investors and hedge funds.

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

Talend (NASDAQ:TLND) last posted its quarterly earnings data on Wednesday, November 7th. The technology company reported ($0.09) earnings per share for the quarter, topping the Zacks’ 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 during the quarter, compared to analysts’ expectations of $51.84 million. During the same quarter last year, the company posted ($0.11) EPS. The firm’s quarterly revenue was up 32.2% on a year-over-year basis. On average, sell-side analysts expect that Talend SA will post -1.1 EPS for the current fiscal year.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Talend from a “hold” rating to a “sell” rating in a research report on Friday, November 16th. ValuEngine cut shares of Talend from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. BidaskClub raised shares of Talend from a “hold” rating to a “buy” rating in a research report on Saturday, September 8th. Citigroup set a $86.00 price objective on shares of Talend and gave the stock a “buy” rating in a research report on Tuesday, September 18th. Finally, BTIG Research lowered their price objective on shares of Talend to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 20th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Talend currently has a consensus rating of “Hold” and a consensus price target of $58.43.

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Talend 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.

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Institutional Ownership by Quarter for Talend (NASDAQ:TLND)

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