D.A. Davidson & CO. Has $600,000 Stake in Tableau Software (DATA)

D.A. Davidson & CO. cut its position in Tableau Software (NYSE:DATA) by 9.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 7,420 shares of the software company’s stock after selling 790 shares during the quarter. D.A. Davidson & CO.’s holdings in Tableau Software were worth $600,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of DATA. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Tableau Software by 18.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,750 shares of the software company’s stock worth $303,000 after purchasing an additional 590 shares in the last quarter. Archon Capital Management LLC increased its position in Tableau Software by 2.8% during the 4th quarter. Archon Capital Management LLC now owns 37,742 shares of the software company’s stock worth $2,612,000 after purchasing an additional 1,020 shares in the last quarter. State of Wisconsin Investment Board increased its position in Tableau Software by 8.5% during the 4th quarter. State of Wisconsin Investment Board now owns 13,203 shares of the software company’s stock worth $914,000 after purchasing an additional 1,031 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Tableau Software by 50.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,160 shares of the software company’s stock worth $219,000 after purchasing an additional 1,055 shares in the last quarter. Finally, Sciencast Management LP increased its position in Tableau Software by 17.4% during the 4th quarter. Sciencast Management LP now owns 8,797 shares of the software company’s stock worth $653,000 after purchasing an additional 1,302 shares in the last quarter. Institutional investors own 83.10% of the company’s stock.

NYSE:DATA opened at $93.49 on Friday. Tableau Software has a 52 week low of $91.94 and a 52 week high of $93.23.

Tableau Software (NYSE:DATA) last posted its quarterly earnings data on Wednesday, May 2nd. The software company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.01). Tableau Software had a negative net margin of 19.21% and a negative return on equity of 23.86%. The firm had revenue of $224.00 million during the quarter, compared to the consensus estimate of $217.92 million. During the same period in the prior year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. research analysts forecast that Tableau Software will post -2.4 EPS for the current year.

In other news, insider Chris Stolte sold 95,000 shares of the company’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $93.14, for a total value of $8,848,300.00. Following the sale, the insider now directly owns 98,536 shares of the company’s stock, valued at approximately $9,177,643.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Christian Chabot sold 400,000 shares of the company’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $91.09, for a total transaction of $36,436,000.00. Following the completion of the sale, the chairman now directly owns 303,536 shares in the company, valued at $27,649,094.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 845,350 shares of company stock worth $76,968,042. Insiders own 28.98% of the company’s stock.

A number of research firms recently issued reports on DATA. Moffett Nathanson reiterated a “sell” rating on shares of Tableau Software in a research report on Thursday, May 10th. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price objective (up from $113.00) on shares of Tableau Software in a research report on Thursday, May 3rd. Zacks Investment Research cut shares of Tableau Software from a “hold” rating to a “sell” rating in a research report on Monday, May 7th. BMO Capital Markets upped their price objective on shares of Tableau Software from $92.00 to $102.00 and gave the stock an “outperform” rating in a research report on Thursday, May 3rd. Finally, Deutsche Bank upped their price objective on shares of Tableau Software from $85.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, May 3rd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $94.22.

About Tableau Software

Tableau Software, Inc provides business analytics software products. It offers Tableau Desktop, an analytics product that empowers people to access and analyze data; and Tableau Server, a business intelligence platform with data management and scalability to foster sharing of analytics, as well as to enhance the dissemination of information in an organization and promote decision-making.

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Institutional Ownership by Quarter for Tableau Software (NYSE:DATA)

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