Pendal Group Ltd Has $2.10 Million Holdings in Tableau Software Inc (DATA)

Pendal Group Ltd trimmed its holdings in shares of Tableau Software Inc (NYSE:DATA) by 9.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 18,814 shares of the software company’s stock after selling 1,858 shares during the period. Pendal Group Ltd’s holdings in Tableau Software were worth $2,102,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of DATA. Dimensional Fund Advisors LP increased its position in Tableau Software by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 171,753 shares of the software company’s stock worth $13,881,000 after buying an additional 6,167 shares during the last quarter. LPL Financial LLC acquired a new position in Tableau Software during the first quarter worth $206,000. Legal & General Group Plc increased its position in Tableau Software by 5.2% during the first quarter. Legal & General Group Plc now owns 35,020 shares of the software company’s stock worth $2,830,000 after buying an additional 1,740 shares during the last quarter. Royal Bank of Canada increased its position in Tableau Software by 537.8% during the first quarter. Royal Bank of Canada now owns 30,282 shares of the software company’s stock worth $2,449,000 after buying an additional 25,534 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its position in Tableau Software by 29.2% during the first quarter. Allianz Asset Management GmbH now owns 284,393 shares of the software company’s stock worth $22,984,000 after buying an additional 64,205 shares during the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:DATA opened at $114.11 on Friday. The stock has a market capitalization of $10.05 billion, a PE ratio of -48.76 and a beta of 1.34. Tableau Software Inc has a 52-week low of $68.37 and a 52-week high of $125.50.

Tableau Software (NYSE:DATA) last issued its quarterly earnings results on Tuesday, November 6th. The software company reported ($0.82) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.67) by ($0.15). The business had revenue of $239.60 million during the quarter, compared to analyst estimates of $242.19 million. Tableau Software had a negative net margin of 22.39% and a negative return on equity of 26.14%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 earnings per share. Sell-side analysts predict that Tableau Software Inc will post -2.75 EPS for the current year.

In related news, CEO Adam Selipsky sold 6,827 shares of the stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $102.76, for a total value of $701,542.52. Following the completion of the sale, the chief executive officer now owns 270,208 shares in the company, valued at $27,766,574.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Chris Stolte sold 95,000 shares of the stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $102.64, for a total transaction of $9,750,800.00. Following the completion of the sale, the insider now owns 98,536 shares of the company’s stock, valued at approximately $10,113,735.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 216,672 shares of company stock worth $22,674,095. 28.98% of the stock is currently owned by company insiders.

DATA has been the topic of several analyst reports. Deutsche Bank raised shares of Tableau Software from a “hold” rating to a “buy” rating and increased their target price for the stock from $105.00 to $120.00 in a research report on Wednesday, August 1st. Citigroup set a $140.00 target price on shares of Tableau Software and gave the stock a “buy” rating in a research report on Tuesday, September 18th. Royal Bank of Canada increased their target price on shares of Tableau Software to $105.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 1st. Goldman Sachs Group reissued a “buy” rating and set a $130.00 target price (up from $110.00) on shares of Tableau Software in a research report on Monday, July 23rd. Finally, Bank of America increased their target price on shares of Tableau Software from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $116.27.

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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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