Commonwealth Equity Services Inc Acquires Shares of 16,583 Tableau Software, Inc. (DATA)

Commonwealth Equity Services Inc bought a new stake in shares of Tableau Software, Inc. (NYSE:DATA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,583 shares of the software company’s stock, valued at approximately $1,241,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Artisan Partners Limited Partnership purchased a new position in Tableau Software during the 2nd quarter worth $85,555,000. JPMorgan Chase & Co. grew its stake in Tableau Software by 340.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,065,931 shares of the software company’s stock worth $65,311,000 after buying an additional 824,067 shares during the last quarter. FMR LLC grew its stake in Tableau Software by 44.8% during the 2nd quarter. FMR LLC now owns 2,387,444 shares of the software company’s stock worth $146,279,000 after buying an additional 738,623 shares during the last quarter. Ardevora Asset Management LLP purchased a new position in Tableau Software during the 3rd quarter worth $34,289,000. Finally, Vanguard Group Inc. grew its stake in Tableau Software by 10.6% during the 2nd quarter. Vanguard Group Inc. now owns 4,692,183 shares of the software company’s stock worth $287,489,000 after buying an additional 450,910 shares during the last quarter. 81.70% of the stock is owned by institutional investors and hedge funds.

Shares of Tableau Software, Inc. (DATA) opened at $69.87 on Wednesday. Tableau Software, Inc. has a 52-week low of $41.41 and a 52-week high of $82.32.

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

In related news, CEO Adam Selipsky sold 7,272 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $70.67, for a total value of $513,912.24. Following the completion of the transaction, the chief executive officer now directly owns 237,592 shares in the company, valued at $16,790,626.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Thomas E. Walker, Jr. sold 5,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $71.39, for a total value of $356,950.00. Following the completion of the transaction, the chief financial officer now owns 137,478 shares of the company’s stock, valued at $9,814,554.42. The disclosure for this sale can be found here. Insiders sold 666,686 shares of company stock valued at $47,019,956 over the last quarter. 24.76% of the stock is currently owned by company insiders.

DATA has been the topic of several research analyst reports. Zacks Investment Research upgraded Tableau Software from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research note on Friday, September 8th. KeyCorp reaffirmed a “buy” rating and set a $85.00 price target on shares of Tableau Software in a research report on Friday, October 6th. Barclays reissued a “buy” rating and issued a $80.00 price objective on shares of Tableau Software in a report on Wednesday, October 11th. Bank of America boosted their price objective on Tableau Software from $84.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, Needham & Company LLC assumed coverage on Tableau Software in a report on Monday, October 23rd. They issued a “buy” rating and a $98.00 price objective for the company. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Tableau Software presently has a consensus rating of “Hold” and a consensus target price of $72.11.

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About Tableau Software

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.

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

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