Pennsylvania Trust Co acquired a new position in shares of Tableau Software Inc (NYSE:DATA) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 1,875 shares of the software company’s stock, valued at approximately $210,000.
A number of other hedge funds also recently added to or reduced their stakes in DATA. CIBC Private Wealth Group LLC acquired a new stake in Tableau Software during the second quarter worth approximately $126,000. Diversified Trust Co acquired a new stake in Tableau Software during the first quarter worth approximately $204,000. LPL Financial LLC acquired a new stake in Tableau Software during the first quarter worth approximately $206,000. Global X Management Co LLC acquired a new stake in Tableau Software during the second quarter worth approximately $218,000. Finally, Jasper Ridge Partners L.P. acquired a new stake in Tableau Software during the second quarter worth approximately $219,000. 82.67% of the stock is currently owned by institutional investors.
Shares of DATA opened at $100.92 on Friday. The firm has a market capitalization of $9.27 billion, a price-to-earnings ratio of -43.13 and a beta of 1.26. Tableau Software Inc has a 1 year low of $68.37 and a 1 year high of $118.08.
Tableau Software (NYSE:DATA) last announced its quarterly earnings data on Thursday, August 2nd. The software company reported ($0.71) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.66) by ($0.05). The firm had revenue of $243.60 million during the quarter, compared to analyst estimates of $237.23 million. Tableau Software had a negative net margin of 20.38% and a negative return on equity of 24.51%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 earnings per share. Equities research analysts anticipate that Tableau Software Inc will post -2.71 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on the stock. Citigroup set a $140.00 target price on shares of Tableau Software and gave the company a “buy” rating in a report on Tuesday, September 18th. Morgan Stanley lifted their target price on shares of Tableau Software from $90.00 to $119.00 and gave the company a “hold” rating in a report on Monday, July 23rd. Goldman Sachs Group reaffirmed a “buy” rating and issued a $130.00 target price (up from $110.00) on shares of Tableau Software in a report on Monday, July 23rd. BMO Capital Markets lifted their target price on shares of Tableau Software from $102.00 to $125.00 and gave the company a “market perform” rating in a report on Friday, August 3rd. Finally, UBS Group reaffirmed a “buy” rating and issued a $130.00 target price (up from $114.00) on shares of Tableau Software in a report on Friday, August 3rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $112.14.
In other Tableau Software news, CEO Adam Selipsky sold 6,827 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $102.76, for a total value of $701,542.52. Following the transaction, the chief executive officer now directly owns 270,208 shares of the company’s stock, valued at approximately $27,766,574.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris Stolte sold 172,791 shares of the business’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $103.56, for a total transaction of $17,894,235.96. Following the completion of the transaction, the insider now directly owns 176,327 shares in the company, valued at $18,260,424.12. The disclosure for this sale can be found here. Insiders sold a total of 969,063 shares of company stock worth $100,306,003 over the last three months. 19.22% of the stock is currently owned by corporate insiders.
Tableau Software Profile
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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