American Century Companies Inc. Increases Stake in Tableau Software Inc (DATA)

American Century Companies Inc. lifted its stake in shares of Tableau Software Inc (NYSE:DATA) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,284,805 shares of the software company’s stock after purchasing an additional 47,209 shares during the quarter. American Century Companies Inc. owned about 1.55% of Tableau Software worth $143,564,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. CIBC Private Wealth Group LLC acquired a new stake in shares of Tableau Software during the 2nd quarter worth approximately $126,000. Harvest Fund Management Co. Ltd increased its position in Tableau Software by 158.7% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,816 shares of the software company’s stock valued at $203,000 after acquiring an additional 1,114 shares during the period. LPL Financial LLC acquired a new stake in Tableau Software in the 1st quarter valued at approximately $206,000. Pennsylvania Trust Co acquired a new stake in Tableau Software in the 3rd quarter valued at approximately $210,000. Finally, Global X Management Co LLC acquired a new stake in Tableau Software in the 2nd quarter valued at approximately $218,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

DATA has been the topic of several analyst reports. Deutsche Bank upgraded Tableau Software from a “hold” rating to a “buy” rating and raised their target price for the company from $105.00 to $120.00 in a research report on Wednesday, August 1st. Citigroup set a $140.00 target price on Tableau Software and gave the company a “buy” rating in a research report on Tuesday, September 18th. Royal Bank of Canada raised their target price on Tableau Software to $105.00 and gave the company a “market perform” rating in a research report on Wednesday, August 1st. Goldman Sachs Group restated a “buy” rating and issued a $130.00 target price (up from $110.00) on shares of Tableau Software in a research report on Monday, July 23rd. Finally, Bank of America raised their target price on Tableau Software from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Tableau Software has an average rating of “Hold” and an average price target of $116.27.

Shares of NYSE DATA opened at $114.11 on Friday. The firm has a market cap of $8.71 billion, a price-to-earnings ratio of -48.76 and a beta of 1.34. Tableau Software Inc has a 1 year low of $68.37 and a 1 year high of $125.50.

Tableau Software (NYSE:DATA) last issued its quarterly earnings results on Tuesday, November 6th. The software company reported ($0.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.15). The firm had revenue of $239.60 million for the quarter, compared to the consensus estimate of $242.19 million. Tableau Software had a negative net margin of 22.39% and a negative return on equity of 26.14%. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 earnings per share. On average, equities research analysts predict that Tableau Software Inc will post -2.71 earnings per share for the current year.

In other news, insider Adam Selipsky sold 3,400 shares of the firm’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $112.31, for a total transaction of $381,854.00. Following the completion of the sale, the insider now directly owns 263,428 shares of the company’s stock, valued at approximately $29,585,598.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Chris Stolte sold 95,000 shares of the firm’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $102.64, for a total value of $9,750,800.00. Following the sale, the insider now directly owns 98,536 shares of the company’s stock, valued at $10,113,735.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 216,672 shares of company stock valued at $22,674,095. 28.98% of the stock is currently owned by corporate insiders.

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

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