Xact Kapitalforvaltning AB Invests $389,000 in Tableau Software Inc (DATA)

Xact Kapitalforvaltning AB acquired a new position in shares of Tableau Software Inc (NYSE:DATA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,616 shares of the software company’s stock, valued at approximately $389,000.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its holdings in Tableau Software by 6.2% in the fourth quarter. BlackRock Inc. now owns 3,080,025 shares of the software company’s stock valued at $213,137,000 after acquiring an additional 180,810 shares during the last quarter. HMI Capital LLC boosted its holdings in Tableau Software by 20.4% in the fourth quarter. HMI Capital LLC now owns 1,594,926 shares of the software company’s stock valued at $110,369,000 after acquiring an additional 270,740 shares during the last quarter. Kensico Capital Management Corp boosted its holdings in Tableau Software by 38.8% in the third quarter. Kensico Capital Management Corp now owns 1,443,828 shares of the software company’s stock valued at $108,128,000 after acquiring an additional 403,828 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in Tableau Software by 51.6% in the fourth quarter. Eagle Asset Management Inc. now owns 1,320,111 shares of the software company’s stock valued at $92,163,000 after acquiring an additional 449,445 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Tableau Software by 15.3% in the fourth quarter. American Century Companies Inc. now owns 1,242,894 shares of the software company’s stock valued at $86,008,000 after acquiring an additional 165,035 shares during the last quarter. Institutional investors and hedge funds own 82.90% of the company’s stock.

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In other news, EVP Keenan Michael Conder sold 17,000 shares of Tableau Software stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $80.41, for a total transaction of $1,366,970.00. Following the sale, the executive vice president now directly owns 114,706 shares of the company’s stock, valued at $9,223,509.46. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Pat Hanrahan sold 400,000 shares of Tableau Software stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $78.50, for a total value of $31,400,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 933,719 shares of company stock worth $73,445,439. Corporate insiders own 28.98% of the company’s stock.

DATA has been the topic of a number of research analyst reports. Zacks Investment Research cut Tableau Software from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Mizuho reiterated a “hold” rating and issued a $68.00 target price on shares of Tableau Software in a report on Wednesday, January 17th. UBS set a $108.00 target price on Tableau Software and gave the company a “buy” rating in a report on Wednesday, February 14th. Maxim Group upgraded Tableau Software from a “sell” rating to a “hold” rating and lifted their target price for the company from $40.00 to $88.00 in a report on Friday, February 2nd. Finally, Raymond James Financial initiated coverage on Tableau Software in a report on Wednesday, January 17th. They issued a “market perform” rating on the stock. Seventeen research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Tableau Software presently has an average rating of “Buy” and a consensus target price of $82.92.

Shares of NYSE DATA opened at $78.39 on Friday. Tableau Software Inc has a 1 year low of $50.29 and a 1 year high of $87.60.

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 Zacks’ consensus estimate of $0.03 by $0.09. Tableau Software had a negative return on equity of 23.84% and a negative net margin of 21.16%. The business had revenue of $249.40 million for the quarter, compared to analyst estimates of $240.63 million. During the same period in the previous year, the company earned $0.26 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. analysts predict that Tableau Software Inc will post -1.95 earnings per share for the current year.

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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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