21,336 Shares in Tableau Software, Inc. (DATA) Purchased by Convergence Investment Partners LLC

Convergence Investment Partners LLC bought a new stake in Tableau Software, Inc. (NYSE:DATA) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 21,336 shares of the software company’s stock, valued at approximately $1,598,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Teachers Advisors LLC lifted its position in shares of Tableau Software by 2.6% in the 1st quarter. Teachers Advisors LLC now owns 57,620 shares of the software company’s stock worth $2,855,000 after acquiring an additional 1,459 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Tableau Software by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 124,236 shares of the software company’s stock worth $6,155,000 after acquiring an additional 3,581 shares during the period. Bank of Montreal Can lifted its position in shares of Tableau Software by 17.4% in the 2nd quarter. Bank of Montreal Can now owns 34,169 shares of the software company’s stock worth $2,094,000 after acquiring an additional 5,057 shares during the period. Aperio Group LLC lifted its position in shares of Tableau Software by 17.8% in the 2nd quarter. Aperio Group LLC now owns 4,761 shares of the software company’s stock worth $292,000 after acquiring an additional 718 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of Tableau Software by 61.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 68,105 shares of the software company’s stock worth $4,172,000 after acquiring an additional 25,872 shares during the period. 81.70% of the stock is currently owned by hedge funds and other institutional investors.

DATA has been the subject of several analyst reports. Royal Bank Of Canada restated a “sector perform” rating and set a $70.00 target price (up previously from $65.00) on shares of Tableau Software in a research report on Wednesday, August 9th. Barclays restated an “overweight” rating and set a $76.00 target price (up previously from $72.00) on shares of Tableau Software in a research report on Wednesday, August 9th. KeyCorp restated a “buy” rating and set a $85.00 target price (up previously from $75.00) on shares of Tableau Software in a research report on Thursday, September 21st. Zacks Investment Research downgraded Tableau Software from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Oppenheimer restated a “hold” rating on shares of Tableau Software in a research report on Wednesday, September 13th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Tableau Software currently has an average rating of “Hold” and an average price target of $72.11.

In other news, CFO Thomas E. Walker, Jr. sold 5,000 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $71.39, for a total value of $356,950.00. Following the sale, the chief financial officer now directly owns 137,478 shares in the company, valued at $9,814,554.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 7,272 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $70.67, for a total value of $513,912.24. Following the completion of the sale, the chief executive officer now owns 237,592 shares in the company, valued at $16,790,626.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 666,686 shares of company stock worth $47,019,956. Corporate insiders own 24.76% of the company’s stock.

Shares of Tableau Software, Inc. (NYSE DATA) traded up $1.10 during trading on Wednesday, hitting $69.87. The company had a trading volume of 903,000 shares, compared to its average volume of 1,024,403. Tableau Software, Inc. has a twelve month low of $41.41 and a twelve month high of $82.32.

Tableau Software (NYSE:DATA) last announced its quarterly earnings data on Thursday, November 2nd. The software company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.07. Tableau Software had a negative return on equity of 20.89% and a negative net margin of 18.76%. The business had revenue of $214.90 million during the quarter, compared to analysts’ expectations of $219.43 million. During the same period in the previous year, the firm earned $0.16 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. analysts anticipate that Tableau Software, Inc. will post -1.63 EPS for the current year.

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Tableau Software 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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Institutional Ownership by Quarter for Tableau Software (NYSE:DATA)

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