Legal & General Group Plc raised its position in Tableau Software, Inc. (NYSE:DATA) by 204.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,385 shares of the software company’s stock after buying an additional 13,012 shares during the period. Legal & General Group Plc’s holdings in Tableau Software were worth $960,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Winfield Associates Inc. increased its position in shares of Tableau Software by 0.7% in the first quarter. Winfield Associates Inc. now owns 2,280 shares of the software company’s stock valued at $113,000 after buying an additional 15 shares during the last quarter. Westpac Banking Corp acquired a new position in Tableau Software during the first quarter valued at about $126,000. Intellectus Partners LLC increased its position in Tableau Software by 7.8% in the first quarter. Intellectus Partners LLC now owns 3,450 shares of the software company’s stock valued at $171,000 after buying an additional 250 shares during the last quarter. Karp Capital Management Corp acquired a new position in Tableau Software during the first quarter valued at about $200,000. Finally, PNC Financial Services Group Inc. increased its position in Tableau Software by 0.5% in the first quarter. PNC Financial Services Group Inc. now owns 4,336 shares of the software company’s stock valued at $215,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 76.72% of the company’s stock.
Tableau Software, Inc. (NYSE DATA) traded up 0.40% during trading on Wednesday, reaching $70.58. 457,685 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $65.20 and its 200-day moving average is $57.78. Tableau Software, Inc. has a 12-month low of $41.41 and a 12-month high of $71.53. The company’s market cap is $5.58 billion.
Tableau Software (NYSE:DATA) last announced its earnings results on Wednesday, August 2nd. The software company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.15. Tableau Software had a negative return on equity of 18.71% and a negative net margin of 17.08%. The business had revenue of $212.90 million during the quarter, compared to the consensus estimate of $210.72 million. Tableau Software’s revenue was up 7.3% on a year-over-year basis. Analysts predict that Tableau Software, Inc. will post $0.22 EPS for the current fiscal year.
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A number of brokerages recently weighed in on DATA. UBS AG reissued a “buy” rating and set a $68.00 target price (up previously from $60.00) on shares of Tableau Software in a research note on Thursday, May 25th. Barclays PLC restated an “overweight” rating and issued a $76.00 price target (up from $72.00) on shares of Tableau Software in a report on Wednesday, August 9th. Royal Bank Of Canada restated a “sector perform” rating and issued a $70.00 price target (up from $65.00) on shares of Tableau Software in a report on Wednesday, August 9th. BMO Capital Markets raised their price target on shares of Tableau Software from $64.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, August 3rd. Finally, ValuEngine upgraded shares of Tableau Software from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $64.52.
In other Tableau Software news, EVP Keenan Michael Conder sold 2,000 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $60.19, for a total value of $120,380.00. Following the completion of the sale, the executive vice president now directly owns 80,151 shares of the company’s stock, valued at approximately $4,824,288.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew Beers sold 2,856 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $60.17, for a total value of $171,845.52. Following the completion of the sale, the insider now directly owns 266,037 shares of the company’s stock, valued at $16,007,446.29. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,001,005 shares of company stock valued at $69,438,776. 28.98% of the stock is owned by corporate insiders.
Tableau Software Company Profile
Tableau Software, Inc (Tableau) offers software products. The Company’s products are used by people of diverse skill levels across all kinds of organizations. The Company’s products are used by people of skill levels across all kinds of organizations. Its technologies include visual query language (VizQL) and Hybrid Data Architecture.
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