Stifel Financial Corp increased its holdings in Tableau Software Inc (NYSE:DATA) by 18.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,999 shares of the software company’s stock after buying an additional 943 shares during the period. Stifel Financial Corp’s holdings in Tableau Software were worth $716,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in DATA. Gideon Capital Advisors Inc. increased its stake in Tableau Software by 381.0% during the fourth quarter. Gideon Capital Advisors Inc. now owns 11,535 shares of the software company’s stock worth $1,384,000 after purchasing an additional 9,137 shares during the period. Telemark Asset Management LLC bought a new stake in Tableau Software during the fourth quarter valued at $13,200,000. Meridian Investment Counsel Inc. boosted its position in Tableau Software by 11.1% during the fourth quarter. Meridian Investment Counsel Inc. now owns 2,143 shares of the software company’s stock valued at $257,000 after acquiring an additional 214 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Tableau Software by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 173,969 shares of the software company’s stock valued at $20,875,000 after acquiring an additional 950 shares during the last quarter. Finally, United Services Automobile Association boosted its position in Tableau Software by 3.3% during the fourth quarter. United Services Automobile Association now owns 10,850 shares of the software company’s stock valued at $1,302,000 after acquiring an additional 344 shares during the last quarter. 86.13% of the stock is owned by institutional investors.
Shares of DATA traded down $2.57 during mid-day trading on Wednesday, reaching $122.03. 180,876 shares of the stock traded hands, compared to its average volume of 814,651. The firm has a market capitalization of $10.62 billion, a P/E ratio of -38.25 and a beta of 1.24. Tableau Software Inc has a 1 year low of $79.12 and a 1 year high of $136.92.
Tableau Software (NYSE:DATA) last released its quarterly earnings results on Tuesday, February 5th. The software company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. The firm had revenue of $275.70 million during the quarter, compared to analyst estimates of $271.62 million. Tableau Software had a negative net margin of 24.35% and a negative return on equity of 26.26%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.12 EPS. Research analysts forecast that Tableau Software Inc will post -0.76 earnings per share for the current year.
In related news, insider Chris Stolte sold 95,000 shares of the stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $120.13, for a total transaction of $11,412,350.00. Following the transaction, the insider now owns 98,536 shares in the company, valued at $11,837,129.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 1,938 shares of the stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $129.31, for a total transaction of $250,602.78. Following the completion of the transaction, the chief executive officer now owns 225,290 shares in the company, valued at $29,132,249.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 752,046 shares of company stock valued at $91,574,008. Insiders own 19.22% of the company’s stock.
DATA has been the topic of a number of research analyst reports. Wedbush reaffirmed an “outperform” rating and set a $142.00 price target (up previously from $128.00) on shares of Tableau Software in a research report on Monday, February 4th. Zacks Investment Research upgraded shares of Tableau Software from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a report on Thursday, January 3rd. Wells Fargo & Co upped their price objective on shares of Tableau Software from $110.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, February 6th. Jefferies Financial Group upped their price objective on shares of Tableau Software to $115.00 and gave the company a “hold” rating in a report on Wednesday, February 6th. Finally, Stifel Nicolaus upped their price objective on shares of Tableau Software to $145.00 and gave the company a “buy” rating in a report on Wednesday, February 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $131.50.
About Tableau Software
Tableau Software, Inc, together with its subsidiaries, provides business analytics software products. It offers Tableau Desktop, a self-service, powerful analytics product with data; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service version of Tableau Server; Tableau Prep, a data preparation product for combining, shaping, and cleaning data; and Tableau Public, a cloud-based platform for analyzing and sharing public data.
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