American International Group Inc. purchased a new stake in shares of Tableau Software Inc (NYSE:DATA) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,516 shares of the software company’s stock, valued at approximately $105,000.
A number of other institutional investors also recently modified their holdings of the business. Artisan Partners Limited Partnership boosted its holdings in shares of Tableau Software by 168.2% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,744,414 shares of the software company’s stock valued at $280,419,000 after acquiring an additional 2,348,049 shares during the last quarter. BlackRock Inc. boosted its holdings in Tableau Software by 6.2% during the fourth quarter. BlackRock Inc. now owns 3,080,025 shares of the software company’s stock worth $213,137,000 after buying an additional 180,810 shares in the last quarter. Kensico Capital Management Corp raised its position in Tableau Software by 38.8% during the third quarter. Kensico Capital Management Corp now owns 1,443,828 shares of the software company’s stock worth $108,128,000 after acquiring an additional 403,828 shares during the period. JPMorgan Chase & Co. raised its position in Tableau Software by 34.3% during the third quarter. JPMorgan Chase & Co. now owns 1,431,304 shares of the software company’s stock worth $106,731,000 after acquiring an additional 365,373 shares during the period. Finally, Eagle Asset Management Inc. raised its position in Tableau Software by 51.6% during the fourth quarter. Eagle Asset Management Inc. now owns 1,320,111 shares of the software company’s stock worth $92,163,000 after acquiring an additional 449,445 shares during the period. Institutional investors and hedge funds own 82.90% of the company’s stock.
In related news, Chairman Christian Chabot sold 450,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $78.23, for a total value of $35,203,500.00. Following the sale, the chairman now directly owns 453,536 shares in the company, valued at approximately $35,480,121.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Pat Hanrahan sold 400,000 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $78.50, for a total transaction of $31,400,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 933,719 shares of company stock worth $73,445,439 over the last 90 days. Insiders own 28.98% of the company’s stock.
A number of equities analysts have weighed in on DATA shares. Bank of America upped their price objective on shares of Tableau Software from $90.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $95.00 target price on shares of Tableau Software in a research report on Friday, February 2nd. Needham & Company LLC increased their target price on shares of Tableau Software to $113.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. UBS set a $108.00 target price on shares of Tableau Software and gave the company a “buy” rating in a research report on Wednesday, February 14th. Finally, ValuEngine upgraded shares of Tableau Software from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Seventeen analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $82.92.
NYSE:DATA traded down $1.98 during midday trading on Friday, reaching $78.39. The stock had a trading volume of 698,947 shares, compared to its average volume of 603,025. Tableau Software Inc has a 12-month low of $50.29 and a 12-month high of $87.60. The firm has a market cap of $6,552.97, a price-to-earnings ratio of -33.50 and a beta of 0.79.
Tableau Software (NYSE:DATA) last posted its quarterly earnings data on Thursday, February 1st. The software company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. The firm had revenue of $249.40 million for the quarter, compared to analyst estimates of $240.63 million. Tableau Software had a negative net margin of 21.16% and a negative return on equity of 23.84%. Tableau Software’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the firm posted $0.26 EPS. equities research analysts anticipate that Tableau Software Inc will post -1.95 earnings per share for the current 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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