TimesSquare Capital Management LLC trimmed its stake in shares of Tableau Software Inc (NYSE:DATA) by 10.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 418,400 shares of the software company’s stock after selling 48,000 shares during the period. TimesSquare Capital Management LLC’s holdings in Tableau Software were worth $69,463,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AGF Investments LLC boosted its holdings in shares of Tableau Software by 24.1% during the second quarter. AGF Investments LLC now owns 319 shares of the software company’s stock worth $53,000 after purchasing an additional 62 shares during the last quarter. World Asset Management Inc boosted its position in Tableau Software by 3.6% during the second quarter. World Asset Management Inc now owns 2,449 shares of the software company’s stock worth $407,000 after purchasing an additional 86 shares during the period. Advisory Services Network LLC boosted its position in Tableau Software by 2.2% during the second quarter. Advisory Services Network LLC now owns 4,516 shares of the software company’s stock worth $750,000 after purchasing an additional 99 shares during the period. Pennsylvania Trust Co boosted its position in Tableau Software by 4.9% during the first quarter. Pennsylvania Trust Co now owns 2,125 shares of the software company’s stock worth $270,000 after purchasing an additional 100 shares during the period. Finally, SG Americas Securities LLC boosted its position in Tableau Software by 2.6% during the first quarter. SG Americas Securities LLC now owns 3,953 shares of the software company’s stock worth $503,000 after purchasing an additional 102 shares during the period. 88.84% of the stock is owned by hedge funds and other institutional investors.
In other Tableau Software news, insider Adam Selipsky sold 11,828 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $122.08, for a total transaction of $1,443,962.24. Following the transaction, the insider now owns 239,813 shares of the company’s stock, valued at $29,276,371.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Damon A. Fletcher sold 3,101 shares of Tableau Software stock in a transaction on Monday, May 20th. The shares were sold at an average price of $121.06, for a total value of $375,407.06. Following the completion of the sale, the chief financial officer now owns 48,955 shares in the company, valued at approximately $5,926,492.30. The disclosure for this sale can be found here. Insiders have sold 26,263 shares of company stock worth $3,110,257 in the last three months. 12.58% of the stock is currently owned by corporate insiders.
NYSE DATA remained flat at $$169.53 on Friday. The firm has a fifty day simple moving average of $170.94 and a 200 day simple moving average of $139.73. The company has a market cap of $14.61 billion, a price-to-earnings ratio of -53.14 and a beta of 1.49. 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 Inc has a twelve month low of $94.81 and a twelve month high of $177.59.
Several research firms have weighed in on DATA. Bank of America restated a “buy” rating and issued a $160.00 price target (up from $152.00) on shares of Tableau Software in a research note on Friday, May 3rd. First Analysis lowered Tableau Software from an “outperform” rating to a “neutral” rating and set a $164.06 price target on the stock. in a research note on Wednesday, June 12th. UBS Group lowered Tableau Software from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 19th. KeyCorp lifted their price target on Tableau Software from $158.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, June 7th. Finally, Needham & Company LLC lowered Tableau Software from a “buy” rating to a “hold” rating in a research note on Monday, June 10th. Fourteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $148.38.
About Tableau Software
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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