O Shares Investment Advisers LLC acquired a new position in shares of Tableau Software Inc (NYSE:DATA) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,678 shares of the software company’s stock, valued at approximately $341,000.
A number of other hedge funds also recently added to or reduced their stakes in DATA. Baillie Gifford & Co. increased its holdings in shares of Tableau Software by 15.6% in the 4th quarter. Baillie Gifford & Co. now owns 2,060,560 shares of the software company’s stock valued at $247,267,000 after acquiring an additional 278,339 shares during the period. Pennsylvania Trust Co increased its holdings in shares of Tableau Software by 4.9% in the 1st quarter. Pennsylvania Trust Co now owns 2,125 shares of the software company’s stock valued at $270,000 after acquiring an additional 100 shares during the period. SeaTown Holdings Pte. Ltd. increased its holdings in shares of Tableau Software by 1.1% in the 1st quarter. SeaTown Holdings Pte. Ltd. now owns 60,510 shares of the software company’s stock valued at $7,702,000 after acquiring an additional 686 shares during the period. HMI Capital LLC increased its holdings in shares of Tableau Software by 3.6% in the 4th quarter. HMI Capital LLC now owns 1,314,426 shares of the software company’s stock valued at $157,731,000 after acquiring an additional 45,700 shares during the period. Finally, Telemark Asset Management LLC acquired a new position in shares of Tableau Software in the 4th quarter valued at $13,200,000. 88.66% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on the stock. Citigroup cut shares of Tableau Software from a “buy” rating to a “neutral” rating and lifted their target price for the company from $156.00 to $178.00 in a report on Wednesday. First Analysis cut shares of Tableau Software from an “outperform” rating to a “neutral” rating and set a $164.06 target price on the stock. in a report on Wednesday. Deutsche Bank cut shares of Tableau Software from a “buy” rating to a “hold” rating and set a $168.99 target price on the stock. in a report on Monday. BTIG Research cut shares of Tableau Software from a “buy” rating to a “neutral” rating in a report on Monday. Finally, Needham & Company LLC cut shares of Tableau Software from a “buy” rating to a “hold” rating in a report on Monday. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $141.29.
NYSE:DATA opened at $165.38 on Friday. The firm has a market capitalization of $14.25 billion, a P/E ratio of -51.84 and a beta of 1.19. Tableau Software Inc has a 1-year low of $92.01 and a 1-year high of $173.37. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.62 and a current ratio of 2.62.
Tableau Software (NYSE:DATA) last issued its earnings results on Thursday, May 2nd. The software company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.58) by $0.60. The company had revenue of $282.50 million for the quarter, compared to analyst estimates of $287.24 million. Tableau Software had a negative net margin of 27.58% and a negative return on equity of 25.93%. The business’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 EPS. Analysts forecast that Tableau Software Inc will post -0.76 earnings per share for the current fiscal year.
In other news, Director John Mcadam sold 15,000 shares of Tableau Software stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $121.17, for a total transaction of $1,817,550.00. Following the completion of the transaction, the director now owns 31,835 shares of the company’s stock, valued at approximately $3,857,446.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Damon A. Fletcher sold 3,101 shares of Tableau Software stock in a transaction on Monday, May 20th. The stock was sold at an average price of $121.06, for a total value of $375,407.06. Following the transaction, the chief financial officer now directly owns 48,955 shares of the company’s stock, valued at approximately $5,926,492.30. The disclosure for this sale can be found here. Insiders have sold a total of 57,781 shares of company stock worth $6,962,045 over the last 90 days. Insiders own 12.58% of the company’s stock.
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Tableau Software Profile
Tableau Software, Inc, together with its subsidiaries, provides business analytics software products. It offers Tableau Desktop, a self-service, powerful analytics product with data; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service version of Tableau Server; Tableau Prep, a data preparation product for combining, shaping, and cleaning data; and Tableau Public, a cloud-based platform for analyzing and sharing public data.
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