Hollencrest Capital Management Has $3.83 Million Holdings in Tableau Software Inc (DATA)

Hollencrest Capital Management raised its position in Tableau Software Inc (NYSE:DATA) by 7.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,283 shares of the software company’s stock after purchasing an additional 2,480 shares during the period. Hollencrest Capital Management’s holdings in Tableau Software were worth $3,831,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DATA. Dimensional Fund Advisors LP boosted its holdings in Tableau Software by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 171,753 shares of the software company’s stock valued at $13,881,000 after purchasing an additional 6,167 shares during the period. LPL Financial LLC bought a new position in Tableau Software in the 1st quarter valued at $206,000. Legal & General Group Plc boosted its holdings in Tableau Software by 5.2% in the 1st quarter. Legal & General Group Plc now owns 35,020 shares of the software company’s stock valued at $2,830,000 after purchasing an additional 1,740 shares during the period. Royal Bank of Canada boosted its holdings in Tableau Software by 537.8% in the 1st quarter. Royal Bank of Canada now owns 30,282 shares of the software company’s stock valued at $2,449,000 after purchasing an additional 25,534 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in Tableau Software by 29.2% in the 1st quarter. Allianz Asset Management GmbH now owns 284,393 shares of the software company’s stock valued at $22,984,000 after purchasing an additional 64,205 shares during the period. 82.67% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on DATA. KeyCorp raised their price objective on shares of Tableau Software from $125.00 to $131.00 and gave the company an “overweight” rating in a research report on Friday, August 3rd. Royal Bank of Canada raised their price objective on shares of Tableau Software to $105.00 and gave the company a “market perform” rating in a research report on Wednesday, August 1st. Wedbush raised their price objective on shares of Tableau Software from $104.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, July 27th. Stifel Nicolaus raised their price objective on shares of Tableau Software from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, July 16th. Finally, Citigroup restated a “buy” rating on shares of Tableau Software in a research report on Tuesday, July 31st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $112.05.

In related news, Director Elliott H. Jurgensen, Jr. sold 648 shares of Tableau Software stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $107.90, for a total value of $69,919.20. Following the transaction, the director now owns 1,946 shares in the company, valued at approximately $209,973.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Adam Selipsky sold 3,300 shares of Tableau Software stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $100.61, for a total transaction of $332,013.00. Following the completion of the transaction, the insider now owns 270,013 shares in the company, valued at approximately $27,166,007.93. The disclosure for this sale can be found here. In the last quarter, insiders sold 969,063 shares of company stock worth $100,306,003. 19.22% of the stock is owned by corporate insiders.

Shares of NYSE:DATA opened at $106.83 on Monday. The firm has a market capitalization of $8.86 billion, a P/E ratio of -45.65 and a beta of 1.34. Tableau Software Inc has a 52 week low of $68.37 and a 52 week high of $118.08.

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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