Meridian Investment Counsel Inc. bought a new position in Tableau Software Inc (NYSE:DATA) during the third quarter, HoldingsChannel.com reports. The firm bought 1,929 shares of the software company’s stock, valued at approximately $216,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Planning raised its position in Tableau Software by 10.3% in the 3rd quarter. Creative Planning now owns 24,431 shares of the software company’s stock valued at $2,730,000 after buying an additional 2,276 shares during the last quarter. Brown Advisory Inc. purchased a new stake in Tableau Software in the 2nd quarter valued at $4,468,000. Partners Capital Investment Group LLP raised its position in Tableau Software by 26.2% in the 2nd quarter. Partners Capital Investment Group LLP now owns 56,259 shares of the software company’s stock valued at $5,499,000 after buying an additional 11,667 shares during the last quarter. Swiss National Bank raised its position in Tableau Software by 5.8% in the 2nd quarter. Swiss National Bank now owns 118,225 shares of the software company’s stock valued at $11,556,000 after buying an additional 6,500 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its position in Tableau Software by 29.2% in the 2nd quarter. Wolverine Asset Management LLC now owns 35,394 shares of the software company’s stock valued at $3,459,000 after buying an additional 8,000 shares during the last quarter. Institutional investors own 82.67% of the company’s stock.
In related news, CEO Adam Selipsky sold 6,827 shares of Tableau Software stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $102.76, for a total value of $701,542.52. Following the completion of the sale, the chief executive officer now owns 270,208 shares of the company’s stock, valued at approximately $27,766,574.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William Bosworth sold 324 shares of Tableau Software stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $103.64, for a total value of $33,579.36. Following the completion of the sale, the director now directly owns 10,027 shares of the company’s stock, valued at approximately $1,039,198.28. The disclosure for this sale can be found here. In the last three months, insiders sold 593,272 shares of company stock valued at $61,386,007. 19.22% of the stock is currently owned by insiders.
Shares of DATA opened at $105.03 on Wednesday. Tableau Software Inc has a fifty-two week low of $68.37 and a fifty-two week high of $118.08. The stock has a market capitalization of $8.86 billion, a P/E ratio of -44.88 and a beta of 1.34.
A number of equities research analysts recently commented on DATA shares. Goldman Sachs Group reissued a “buy” rating and issued a $130.00 price target (up from $110.00) on shares of Tableau Software in a research report on Monday, July 23rd. Stifel Nicolaus raised their target price on Tableau Software from $115.00 to $120.00 and gave the company 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 raised their target price for the company from $105.00 to $120.00 in a research report on Wednesday, August 1st. Citigroup reaffirmed a “buy” rating on shares of Tableau Software in a research report on Tuesday, July 31st. Finally, UBS Group reaffirmed a “buy” rating and set a $130.00 target price (up from $114.00) on shares of Tableau Software in a research report on Friday, August 3rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $113.62.
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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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