Pinebridge Investments L.P. Invests $1.62 Million in Tableau Software Inc (DATA)

Pinebridge Investments L.P. acquired a new position in shares of Tableau Software Inc (NYSE:DATA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,343 shares of the software company’s stock, valued at approximately $1,616,000.

Several other hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position in shares of Tableau Software by 7.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock worth $140,000 after purchasing an additional 167 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Tableau Software by 1.0% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 77,351 shares of the software company’s stock worth $5,793,000 after purchasing an additional 730 shares in the last quarter. State of Wisconsin Investment Board boosted its position in shares of Tableau Software by 8.5% during the 4th quarter. State of Wisconsin Investment Board now owns 13,203 shares of the software company’s stock worth $914,000 after purchasing an additional 1,031 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Tableau Software by 50.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,160 shares of the software company’s stock worth $219,000 after purchasing an additional 1,055 shares in the last quarter. Finally, Garde Capital Inc. boosted its position in shares of Tableau Software by 9.7% during the 3rd quarter. Garde Capital Inc. now owns 13,517 shares of the software company’s stock worth $1,012,000 after purchasing an additional 1,200 shares in the last quarter. 82.24% of the stock is currently owned by institutional investors.

In other Tableau Software news, insider Chris Stolte sold 75,000 shares of Tableau Software stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $70.28, for a total transaction of $5,271,000.00. Following the transaction, the insider now owns 78,536 shares of the company’s stock, valued at approximately $5,519,510.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Andrew Beers sold 10,421 shares of Tableau Software stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $83.26, for a total transaction of $867,652.46. Following the transaction, the insider now directly owns 172,771 shares in the company, valued at approximately $14,384,913.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,034,309 shares of company stock worth $80,351,924. Insiders own 28.98% of the company’s stock.

Tableau Software Inc (NYSE DATA) opened at $83.28 on Friday. Tableau Software Inc has a 1 year low of $47.30 and a 1 year high of $87.00.

Tableau Software (NYSE:DATA) last posted its earnings results on Thursday, February 1st. The software company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.09. Tableau Software had a negative net margin of 21.16% and a negative return on equity of 23.76%. The firm had revenue of $249.40 million for the quarter, compared to analysts’ expectations of $240.63 million. During the same quarter last year, the firm earned $0.26 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. sell-side analysts anticipate that Tableau Software Inc will post -1.95 earnings per share for the current year.

DATA has been the topic of a number of research analyst reports. Drexel Hamilton reissued a “hold” rating on shares of Tableau Software in a research report on Monday, October 30th. Morgan Stanley increased their price objective on shares of Tableau Software from $68.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. Mizuho reissued a “hold” rating and set a $68.00 price objective on shares of Tableau Software in a research report on Thursday, November 2nd. Jefferies Group dropped their price target on shares of Tableau Software from $70.00 to $67.00 and set a “hold” rating on the stock in a research report on Friday, November 3rd. Finally, BMO Capital Markets raised their price target on shares of Tableau Software from $70.00 to $77.00 and gave the company a “market perform” rating in a research report on Friday, November 3rd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $81.26.

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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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