State Street Corp Raises Position in Tableau Software, Inc. (NYSE:DATA)

State Street Corp increased its position in shares of Tableau Software, Inc. (NYSE:DATA) by 3.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 718,469 shares of the software company’s stock after buying an additional 23,578 shares during the period. State Street Corp owned about 0.92% of Tableau Software worth $35,603,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Winfield Associates Inc. boosted its position in shares of Tableau Software by 0.7% in the first quarter. Winfield Associates Inc. now owns 2,280 shares of the software company’s stock worth $113,000 after buying an additional 15 shares during the period. Westpac Banking Corp acquired a new position in shares of Tableau Software during the first quarter worth about $126,000. Intellectus Partners LLC boosted its position in shares of Tableau Software by 7.8% in the first quarter. Intellectus Partners LLC now owns 3,450 shares of the software company’s stock worth $171,000 after buying an additional 250 shares during the period. Karp Capital Management Corp acquired a new position in shares of Tableau Software during the first quarter worth about $200,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Tableau Software by 0.5% in the first quarter. PNC Financial Services Group Inc. now owns 4,336 shares of the software company’s stock valued at $215,000 after buying an additional 20 shares during the period. 76.72% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Tableau Software, Inc. (NYSE DATA) opened at 69.74 on Friday. The stock’s market cap is $5.52 billion. Tableau Software, Inc. has a 1-year low of $41.41 and a 1-year high of $71.53. The company’s 50-day moving average is $65.76 and its 200-day moving average is $58.11.

Tableau Software (NYSE:DATA) last announced its quarterly earnings results on Wednesday, August 2nd. The software company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.15. The firm had revenue of $212.90 million during the quarter, compared to the consensus estimate of $210.72 million. Tableau Software had a negative return on equity of 18.71% and a negative net margin of 17.08%. Tableau Software’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts expect that Tableau Software, Inc. will post $0.22 EPS for the current fiscal year.

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DATA has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Tableau Software from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. BTIG Research reaffirmed a “buy” rating and issued a $65.00 target price on shares of Tableau Software in a report on Friday, May 5th. Wunderlich lifted their target price on shares of Tableau Software from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday, May 4th. Deutsche Bank AG lifted their target price on shares of Tableau Software from $50.00 to $60.00 and gave the stock a “hold” rating in a report on Thursday, May 4th. Finally, OTR Global raised shares of Tableau Software to a “positive” rating in a report on Friday, April 21st. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Tableau Software currently has an average rating of “Hold” and a consensus price target of $64.52.

In related news, Director A Brooke Seawell sold 7,039 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $60.40, for a total value of $425,155.60. Following the completion of the transaction, the director now directly owns 7,349 shares of the company’s stock, valued at $443,879.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew Beers sold 3,933 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $70.39, for a total value of $276,843.87. Following the completion of the transaction, the insider now directly owns 264,607 shares of the company’s stock, valued at $18,625,686.73. The disclosure for this sale can be found here. Insiders sold 1,192,453 shares of company stock valued at $82,863,780 over the last ninety days. 28.98% of the stock is currently owned by corporate insiders.

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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