Mitsubishi UFJ Securities Holdings Co. Ltd. Invests $84,000 in Tableau Software Inc (NYSE:DATA) Stock

Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in shares of Tableau Software Inc (NYSE:DATA) during the first quarter, Holdings Channel reports. The fund acquired 660 shares of the software company’s stock, valued at approximately $84,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Carroll Financial Associates Inc. lifted its stake in shares of Tableau Software by 69.4% in the first quarter. Carroll Financial Associates Inc. now owns 271 shares of the software company’s stock worth $34,000 after acquiring an additional 111 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Tableau Software in the fourth quarter worth about $39,000. Neuburgh Advisers LLC acquired a new position in shares of Tableau Software in the fourth quarter worth about $46,000. Pittenger & Anderson Inc. lifted its stake in shares of Tableau Software by 100.0% in the first quarter. Pittenger & Anderson Inc. now owns 500 shares of the software company’s stock worth $64,000 after acquiring an additional 250 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its stake in shares of Tableau Software by 58.2% in the fourth quarter. Rehmann Capital Advisory Group now owns 571 shares of the software company’s stock worth $69,000 after acquiring an additional 210 shares in the last quarter. Institutional investors own 88.66% of the company’s stock.

In other news, EVP Mark Thomas Nelson sold 6,091 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $123.16, for a total transaction of $750,167.56. Following the completion of the sale, the executive vice president now owns 76,011 shares in the company, valued at approximately $9,361,514.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam Selipsky sold 5,668 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $114.62, for a total value of $649,666.16. Following the sale, the insider now owns 227,047 shares of the company’s stock, valued at approximately $26,024,127.14. The disclosure for this sale can be found here. Insiders sold 57,781 shares of company stock valued at $6,962,045 over the last 90 days. 12.58% of the stock is currently owned by insiders.

Several research analysts recently commented on DATA shares. Bank of America reiterated a “buy” rating and issued a $160.00 price target (up previously from $152.00) on shares of Tableau Software in a research note on Friday, May 3rd. KeyCorp reiterated a “buy” rating and issued a $158.00 price target on shares of Tableau Software in a research note on Friday, May 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $156.00 price target on shares of Tableau Software in a research note on Friday, May 3rd. ValuEngine cut Tableau Software from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 1st. Finally, Goldman Sachs Group initiated coverage on Tableau Software in a research note on Friday, June 7th. They issued a “buy” rating and a $146.00 price target on the stock. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $141.29.

DATA stock traded up $1.23 on Wednesday, reaching $165.46. The company’s stock had a trading volume of 130,367 shares, compared to its average volume of 1,384,661. Tableau Software Inc has a 52 week low of $92.01 and a 52 week high of $173.37. The firm has a market capitalization of $10.79 billion, a price-to-earnings ratio of -51.72 and a beta of 1.19. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.62 and a quick ratio of 2.62.

Tableau Software (NYSE:DATA) last released its earnings results on Thursday, May 2nd. The software company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.60. The firm had revenue of $282.50 million during the quarter, compared to the consensus estimate of $287.24 million. Tableau Software had a negative return on equity of 25.93% and a negative net margin of 27.58%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 earnings per share. On average, equities analysts anticipate that Tableau Software Inc will post -0.81 EPS for the current fiscal year.

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

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