Synovus Financial Corp acquired a new position in shares of Talend S.A. (NASDAQ:TLND) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,676 shares of the technology company’s stock, valued at approximately $682,000.
Several other hedge funds and other institutional investors have also modified their holdings of TLND. Technology Crossover Management X Ltd. purchased a new position in shares of Talend during the fourth quarter worth about $59,810,000. Hawk Ridge Capital Management LP grew its holdings in shares of Talend by 37.4% during the fourth quarter. Hawk Ridge Capital Management LP now owns 1,451,290 shares of the technology company’s stock worth $55,642,000 after purchasing an additional 395,186 shares in the last quarter. Hood River Capital Management LLC grew its holdings in shares of Talend by 35.6% during the fourth quarter. Hood River Capital Management LLC now owns 1,488,055 shares of the technology company’s stock worth $57,052,000 after purchasing an additional 390,957 shares in the last quarter. Alpine Associates Management Inc. bought a new stake in Talend in the 1st quarter worth approximately $19,995,000. Finally, Hillman Co. lifted its position in Talend by 40.8% in the 4th quarter. Hillman Co. now owns 555,234 shares of the technology company’s stock worth $21,288,000 after buying an additional 160,993 shares during the last quarter. 88.06% of the stock is owned by institutional investors.
Shares of TLND stock opened at $65.30 on Friday. The stock has a market capitalization of $2.13 billion, a PE ratio of -24.64 and a beta of 0.87. The business has a fifty day moving average price of $64.55. Talend S.A. has a twelve month low of $32.43 and a twelve month high of $65.90. The company has a debt-to-equity ratio of 22.36, a quick ratio of 1.31 and a current ratio of 1.31.
In related news, CFO Adam Meister sold 9,680 shares of the stock in a transaction on Wednesday, March 17th. The stock was sold at an average price of $63.66, for a total transaction of $616,228.80. Following the sale, the chief financial officer now directly owns 188,523 shares of the company’s stock, valued at $12,001,374.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.89% of the company’s stock.
A number of research firms recently weighed in on TLND. Barclays boosted their target price on Talend from $52.00 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, February 11th. Citigroup boosted their target price on Talend from $60.00 to $72.00 in a research report on Thursday, February 11th. Needham & Company LLC restated a “hold” rating on shares of Talend in a research report on Wednesday, March 17th. Craig Hallum boosted their target price on Talend from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, February 11th. Finally, William Blair reiterated a “market perform” rating on shares of Talend in a research report on Tuesday, March 16th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $58.88.
Talend SA provides data integration and integrity solutions for various industries in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. 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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