DekaBank Deutsche Girozentrale Takes $1.18 Million Position in Tableau Software (DATA)

DekaBank Deutsche Girozentrale purchased a new stake in shares of Tableau Software (NYSE:DATA) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,950 shares of the software company’s stock, valued at approximately $1,184,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Archon Capital Management LLC boosted its holdings in Tableau Software by 2.8% during the fourth quarter. Archon Capital Management LLC now owns 37,742 shares of the software company’s stock valued at $2,612,000 after acquiring an additional 1,020 shares during the period. State of Wisconsin Investment Board boosted its holdings in Tableau Software by 8.5% during the fourth quarter. State of Wisconsin Investment Board now owns 13,203 shares of the software company’s stock valued at $914,000 after acquiring an additional 1,031 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Tableau Software by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,160 shares of the software company’s stock valued at $219,000 after acquiring an additional 1,055 shares during the period. Sciencast Management LP boosted its holdings in Tableau Software by 17.4% during the fourth quarter. Sciencast Management LP now owns 8,797 shares of the software company’s stock valued at $653,000 after acquiring an additional 1,302 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Tableau Software by 871.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,486 shares of the software company’s stock valued at $102,000 after buying an additional 1,333 shares during the period. Institutional investors own 83.10% of the company’s stock.

Several equities research analysts recently weighed in on DATA shares. Bank of America increased their target price on shares of Tableau Software from $90.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $95.00 target price on shares of Tableau Software in a research note on Friday, February 2nd. Needham & Company LLC increased their target price on shares of Tableau Software to $113.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. UBS set a $108.00 target price on shares of Tableau Software and gave the company a “buy” rating in a research note on Wednesday, February 14th. Finally, ValuEngine upgraded shares of Tableau Software from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $94.22.

Shares of Tableau Software opened at $93.49 on Friday, according to Marketbeat Ratings. Tableau Software has a 12 month low of $91.94 and a 12 month high of $93.23.

Tableau Software (NYSE:DATA) last announced its quarterly earnings results on Wednesday, May 2nd. The software company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.01). The business had revenue of $224.00 million for the quarter, compared to the consensus estimate of $217.92 million. Tableau Software had a negative return on equity of 23.86% and a negative net margin of 19.21%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 EPS. analysts expect that Tableau Software will post -2.4 earnings per share for the current fiscal year.

In other news, CMO Elissa Fink sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $94.87, for a total transaction of $237,175.00. Following the completion of the sale, the chief marketing officer now owns 83,882 shares of the company’s stock, valued at $7,957,885.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Elliott H. Jurgensen, Jr. sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $82.70, for a total transaction of $330,800.00. Following the sale, the director now directly owns 6,781 shares of the company’s stock, valued at approximately $560,788.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 845,350 shares of company stock valued at $76,968,042. Corporate insiders own 28.98% of the company’s stock.

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

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