Alliancebernstein L.P. lowered its stake in shares of Tableau Software Inc (NYSE:DATA) by 51.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,582 shares of the software company’s stock after selling 33,978 shares during the quarter. Alliancebernstein L.P.’s holdings in Tableau Software were worth $2,185,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Steward Partners Investment Advisory LLC grew its holdings in Tableau Software by 871.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,486 shares of the software company’s stock worth $102,000 after acquiring an additional 1,333 shares during the last quarter. American International Group Inc. acquired a new position in Tableau Software during the 4th quarter valued at about $105,000. The Manufacturers Life Insurance Company lifted its position in Tableau Software by 7.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock valued at $140,000 after purchasing an additional 167 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Tableau Software by 50.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,160 shares of the software company’s stock valued at $219,000 after purchasing an additional 1,055 shares during the period. Finally, Telemus Capital LLC acquired a new position in Tableau Software during the 4th quarter valued at about $229,000. 82.90% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have issued reports on DATA. Raymond James Financial began coverage on shares of Tableau Software in a research report on Wednesday, January 17th. They set a “market perform” rating on the stock. Needham & Company LLC upped 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. Zacks Investment Research downgraded shares of Tableau Software from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Finally, Stifel Nicolaus restated a “buy” rating and set a $95.00 target price on shares of Tableau Software in a research report on Friday, February 2nd. Seventeen analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $82.92.
In other news, insider Pat Hanrahan sold 400,000 shares of the firm’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Elissa Fink sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $76.59, for a total transaction of $191,475.00. Following 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. Insiders have sold a total of 933,719 shares of company stock worth $73,445,439 over the last 90 days. Corporate insiders own 28.98% of the company’s stock.
Shares of DATA stock opened at $78.39 on Monday. The company has a market cap of $6,391.53, a price-to-earnings ratio of -33.50 and a beta of 0.79. Tableau Software Inc has a 52 week low of $50.29 and a 52 week high of $87.60.
Tableau Software (NYSE:DATA) last announced its earnings results on Thursday, February 1st. The software company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.03 by $0.09. The firm had revenue of $249.40 million for the quarter, compared to the consensus estimate of $240.63 million. Tableau Software had a negative net margin of 21.16% and a negative return on equity of 23.84%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the company posted $0.26 EPS. equities analysts anticipate that Tableau Software Inc will post -1.95 earnings per share for the current fiscal 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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