Two Sigma Advisers LP reduced its holdings in shares of Tableau Software Inc (NYSE:DATA) by 4.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 627,892 shares of the software company’s stock after selling 30,500 shares during the quarter. Two Sigma Advisers LP owned approximately 0.79% of Tableau Software worth $43,450,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Stone Ridge Asset Management LLC bought a new position in shares of Tableau Software during the 4th quarter worth approximately $378,000. Guggenheim Capital LLC lifted its holdings in Tableau Software by 31.5% during the 4th quarter. Guggenheim Capital LLC now owns 26,322 shares of the software company’s stock worth $1,821,000 after purchasing an additional 6,303 shares during the last quarter. QS Investors LLC acquired a new stake in Tableau Software during the 4th quarter worth approximately $656,000. Jefferies Group LLC acquired a new stake in Tableau Software during the 4th quarter worth approximately $659,000. Finally, Folger Hill Asset Management LP acquired a new stake in Tableau Software during the 4th quarter worth approximately $3,010,000. Institutional investors own 82.90% of the company’s stock.
Several brokerages have weighed in on DATA. Zacks Investment Research cut Tableau Software from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Mizuho restated a “hold” rating and set a $68.00 price objective on shares of Tableau Software in a research report on Wednesday, January 17th. UBS set a $108.00 price target on Tableau Software and gave the company a “buy” rating in a research report on Wednesday, February 14th. Maxim Group raised Tableau Software from a “sell” rating to a “hold” rating and boosted their price objective for the company from $40.00 to $88.00 in a research note on Friday, February 2nd. Finally, Raymond James Financial began coverage on Tableau Software in a research note on Wednesday, January 17th. They set a “market perform” rating on the stock. 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. Tableau Software currently has an average rating of “Buy” and an average price target of $82.92.
NYSE DATA traded down $1.98 during mid-day 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 1 year low of $50.29 and a 1 year high of $87.60. The firm has a market cap of $6,552.97, a P/E ratio of -33.50 and a beta of 0.79.
Tableau Software (NYSE:DATA) last announced its quarterly earnings data on Thursday, February 1st. The software company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. Tableau Software had a negative net margin of 21.16% and a negative return on equity of 23.84%. The company had revenue of $249.40 million during the quarter, compared to analyst estimates of $240.63 million. During the same period in the previous year, the business earned $0.26 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. equities research analysts predict that Tableau Software Inc will post -1.95 earnings per share for the current year.
In other Tableau Software news, insider Pat Hanrahan sold 400,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $78.50, for a total transaction of $31,400,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $80.05, for a total transaction of $800,500.00. Following the sale, the chief executive officer now owns 218,228 shares of the company’s stock, valued at $17,469,151.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 933,719 shares of company stock valued at $73,445,439. 28.98% of the stock is owned by company insiders.
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About Tableau Software
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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