Harvest Capital Strategies LLC acquired a new stake in Tableau Software Inc (NYSE:DATA) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 125,000 shares of the software company’s stock, valued at approximately $8,650,000. Tableau Software comprises about 1.5% of Harvest Capital Strategies LLC’s investment portfolio, making the stock its 17th largest holding. Harvest Capital Strategies LLC owned about 0.16% of Tableau Software at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of DATA. Steward Partners Investment Advisory LLC lifted its stake in Tableau Software by 871.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,486 shares of the software company’s stock valued at $102,000 after purchasing an additional 1,333 shares during the last quarter. American International Group Inc. bought a new position in shares of Tableau Software during the fourth quarter valued at $105,000. Invictus RG bought a new position in shares of Tableau Software during the third quarter valued at $123,000. The Manufacturers Life Insurance Company raised its stake in shares of Tableau Software by 7.9% during the second quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock valued at $140,000 after acquiring an additional 167 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Tableau Software by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,160 shares of the software company’s stock valued at $219,000 after acquiring an additional 1,055 shares during the last quarter. 82.92% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on the stock. Raymond James Financial assumed coverage on shares of Tableau Software in a research note on Wednesday, January 17th. They set a “market perform” rating for the company. Needham & Company LLC raised their price target on shares of Tableau Software to $113.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. UBS Group set a $108.00 price target on shares of Tableau Software and gave the company a “buy” rating in a research note on Wednesday, February 14th. Robert W. Baird reaffirmed a “hold” rating and set a $76.00 price target on shares of Tableau Software in a research note on Sunday, November 19th. Finally, Zacks Investment Research downgraded shares of Tableau Software from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $81.26.
Shares of Tableau Software Inc (NYSE:DATA) opened at $84.99 on Wednesday. Tableau Software Inc has a twelve month low of $47.30 and a twelve month high of $87.60.
Tableau Software (NYSE:DATA) last posted its quarterly earnings results on Thursday, February 1st. The software company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The business had revenue of $249.40 million during the quarter, compared to analysts’ expectations of $240.63 million. Tableau Software had a negative net margin of 21.16% and a negative return on equity of 23.84%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the company posted $0.26 earnings per share. research analysts anticipate that Tableau Software Inc will post -1.95 earnings per share for the current fiscal year.
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About Tableau Software
Tableau Software, Inc (Tableau) offers software products. The Company’s products are used by people of diverse skill levels across all kinds of organizations. The Company’s products are used by people of skill levels across all kinds of organizations. Its technologies include visual query language (VizQL) and Hybrid Data Architecture.
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