Pendal Group Ltd trimmed its holdings in Tableau Software Inc (NYSE:DATA) by 9.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,814 shares of the software company’s stock after selling 1,858 shares during the quarter. Pendal Group Ltd’s holdings in Tableau Software were worth $2,102,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in Tableau Software by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 171,753 shares of the software company’s stock valued at $13,881,000 after purchasing an additional 6,167 shares in the last quarter. LPL Financial LLC bought a new position in Tableau Software during the 1st quarter valued at $206,000. Legal & General Group Plc boosted its stake in Tableau Software by 5.2% during the 1st quarter. Legal & General Group Plc now owns 35,020 shares of the software company’s stock valued at $2,830,000 after purchasing an additional 1,740 shares in the last quarter. Royal Bank of Canada boosted its stake in Tableau Software by 537.8% during the 1st quarter. Royal Bank of Canada now owns 30,282 shares of the software company’s stock valued at $2,449,000 after purchasing an additional 25,534 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in Tableau Software by 29.2% during the 1st quarter. Allianz Asset Management GmbH now owns 284,393 shares of the software company’s stock valued at $22,984,000 after purchasing an additional 64,205 shares in the last quarter. 82.67% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on DATA shares. Citigroup set a $140.00 price target on Tableau Software and gave the company a “buy” rating in a research note on Tuesday, September 18th. Goldman Sachs Group reaffirmed a “buy” rating and set a $130.00 price target (up from $110.00) on shares of Tableau Software in a research note on Monday, July 23rd. Stifel Nicolaus increased their price target on Tableau Software from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, July 16th. Deutsche Bank raised Tableau Software from a “hold” rating to a “buy” rating and increased their price target for the company from $105.00 to $120.00 in a research note on Wednesday, August 1st. Finally, UBS Group reaffirmed a “buy” rating and set a $130.00 price target (up from $114.00) on shares of Tableau Software in a research note on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Tableau Software presently has a consensus rating of “Hold” and an average target price of $116.27.
In other news, Director William Bosworth sold 324 shares of the stock in a transaction on Friday, August 24th. The stock was sold at an average price of $103.64, for a total value of $33,579.36. Following the completion of the sale, the director now owns 10,027 shares in the company, valued at $1,039,198.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam Selipsky sold 3,400 shares of the stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $112.31, for a total value of $381,854.00. Following the completion of the sale, the insider now owns 263,428 shares of the company’s stock, valued at approximately $29,585,598.68. The disclosure for this sale can be found here. Insiders have sold a total of 216,672 shares of company stock valued at $22,674,095 in the last quarter. Insiders own 28.98% of the company’s stock.
Shares of NYSE:DATA opened at $114.11 on Friday. Tableau Software Inc has a one year low of $68.37 and a one year high of $125.50. The firm has a market cap of $10.05 billion, a PE ratio of -48.76 and a beta of 1.34.
Tableau Software (NYSE:DATA) last announced its quarterly earnings data on Tuesday, November 6th. The software company reported ($0.82) EPS for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.15). Tableau Software had a negative net margin of 22.39% and a negative return on equity of 26.14%. The company had revenue of $239.60 million for the quarter, compared to analyst estimates of $242.19 million. During the same quarter last year, the company posted $0.08 EPS. Tableau Software’s revenue was up 11.5% on a year-over-year basis. Sell-side analysts forecast that Tableau Software Inc will post -2.75 earnings per share for the current fiscal year.
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Tableau Software Company 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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