Signition LP lifted its position in shares of Tableau Software Inc (NYSE:DATA) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,475 shares of the software company’s stock after purchasing an additional 544 shares during the period. Tableau Software accounts for approximately 1.1% of Signition LP’s investment portfolio, making the stock its 17th biggest holding. Signition LP’s holdings in Tableau Software were worth $2,176,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CIBC Private Wealth Group LLC bought a new position in shares of Tableau Software during the second quarter worth approximately $126,000. Harvest Fund Management Co. Ltd grew its position in Tableau Software by 158.7% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,816 shares of the software company’s stock worth $203,000 after buying an additional 1,114 shares in the last quarter. LPL Financial LLC acquired a new stake in Tableau Software during the first quarter worth approximately $206,000. Pennsylvania Trust Co acquired a new stake in Tableau Software during the third quarter worth approximately $210,000. Finally, Global X Management Co LLC acquired a new stake in Tableau Software during the second quarter worth approximately $218,000. Institutional investors own 82.48% of the company’s stock.
A number of equities research analysts recently issued reports on DATA shares. Goldman Sachs Group reissued a “buy” rating and set a $130.00 price target (up previously from $110.00) on shares of Tableau Software in a research report on Monday, July 23rd. Stifel Nicolaus increased their price target on Tableau Software from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, July 16th. Deutsche Bank raised Tableau Software from a “hold” rating to a “buy” rating and increased their price target for the stock from $105.00 to $120.00 in a research report on Wednesday, August 1st. Citigroup reissued a “buy” rating on shares of Tableau Software in a research report on Tuesday, July 31st. Finally, UBS Group reissued a “buy” rating and set a $130.00 price target (up previously from $114.00) on shares of Tableau Software in a research report on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Tableau Software presently has a consensus rating of “Hold” and a consensus price target of $112.05.
In other Tableau Software news, insider Chris Stolte sold 285,000 shares of the firm’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $102.98, for a total value of $29,349,300.00. Following the sale, the insider now owns 176,327 shares of the company’s stock, valued at approximately $18,158,154.46. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Christian Chabot sold 200,000 shares of the firm’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $103.60, for a total value of $20,720,000.00. Following the completion of the sale, the chairman now directly owns 203,536 shares in the company, valued at approximately $21,086,329.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 969,063 shares of company stock worth $100,306,003. Company insiders own 28.98% of the company’s stock.
Shares of DATA stock opened at $109.59 on Friday. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of -46.83 and a beta of 1.26. Tableau Software Inc has a fifty-two week low of $68.37 and a fifty-two week high of $118.08.
Tableau Software (NYSE:DATA) last issued its earnings results on Thursday, August 2nd. The software company reported ($0.71) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.66) by ($0.05). The business had revenue of $243.60 million during the quarter, compared to analyst estimates of $237.23 million. Tableau Software had a negative net margin of 20.38% and a negative return on equity of 24.51%. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 EPS. Equities research analysts expect that Tableau Software Inc will post -2.71 earnings per share for the current year.
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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