Sciencast Management LP Raises Stake in Tableau Software Inc (DATA)

Sciencast Management LP grew its position in Tableau Software Inc (NYSE:DATA) by 17.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,797 shares of the software company’s stock after purchasing an additional 1,302 shares during the quarter. Sciencast Management LP’s holdings in Tableau Software were worth $653,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC grew its position in Tableau Software by 871.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,486 shares of the software company’s stock worth $102,000 after buying an additional 1,333 shares in the last quarter. American International Group Inc. acquired a new stake in Tableau Software during the fourth quarter worth approximately $105,000. Invictus RG acquired a new stake in Tableau Software during the third quarter worth approximately $123,000. The Manufacturers Life Insurance Company grew its position in 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 worth $140,000 after buying an additional 167 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Tableau Software by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,160 shares of the software company’s stock worth $219,000 after buying an additional 1,055 shares in the last quarter. 82.90% of the stock is currently owned by institutional investors.

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In related news, Chairman Christian Chabot sold 450,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $78.23, for a total transaction of $35,203,500.00. Following the completion of the transaction, the chairman now directly owns 453,536 shares of the company’s stock, valued at approximately $35,480,121.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Elissa Fink sold 2,500 shares of Tableau Software stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $76.59, for a total value of $191,475.00. Following the completion of the transaction, the insider now directly owns 69,844 shares of the company’s stock, valued at $5,349,351.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 933,719 shares of company stock valued at $73,445,439. 28.98% of the stock is owned by corporate insiders.

Shares of DATA opened at $78.39 on Friday. Tableau Software Inc has a 52 week low of $50.29 and a 52 week high of $87.60. The firm has a market capitalization of $6,514.65, a PE ratio of -33.50 and a beta of 0.79.

Tableau Software (NYSE:DATA) last announced its earnings results on Thursday, February 1st. The software company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.09. The business had revenue of $249.40 million during the quarter, compared to analyst estimates of $240.63 million. Tableau Software had a negative return on equity of 23.84% and a negative net margin of 21.16%. Tableau Software’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS. sell-side analysts predict that Tableau Software Inc will post -1.95 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on DATA. JMP Securities increased their price target on Tableau Software from $77.00 to $94.00 and gave the stock a “market outperform” rating in a research report on Friday, February 2nd. Bank of America increased their price target on Tableau Software from $90.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Wells Fargo increased their price target on Tableau Software to $90.00 and gave the stock a “market perform” rating in a research report on Friday, February 2nd. Needham & Company LLC increased their price target on Tableau Software to $113.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research downgraded Tableau Software from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Seventeen investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Tableau Software currently has an average rating of “Buy” and a consensus price target of $82.92.

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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.

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

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