Gabelli Funds LLC Raises Holdings in Tableau Software Inc (NYSE:DATA)

Gabelli Funds LLC lifted its holdings in shares of Tableau Software Inc (NYSE:DATA) by 38.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 136,128 shares of the software company’s stock after acquiring an additional 38,128 shares during the period. Gabelli Funds LLC’s holdings in Tableau Software were worth $22,600,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its position in Tableau Software by 30.1% in the first quarter. BlackRock Inc. now owns 4,997,006 shares of the software company’s stock valued at $636,019,000 after buying an additional 1,155,835 shares during the last quarter. FMR LLC boosted its position in Tableau Software by 9.9% in the first quarter. FMR LLC now owns 4,377,068 shares of the software company’s stock valued at $557,113,000 after buying an additional 392,991 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in Tableau Software by 5.8% in the first quarter. Artisan Partners Limited Partnership now owns 3,600,954 shares of the software company’s stock valued at $458,329,000 after buying an additional 196,207 shares during the last quarter. Baillie Gifford & Co. boosted its position in Tableau Software by 0.7% in the first quarter. Baillie Gifford & Co. now owns 2,074,836 shares of the software company’s stock valued at $264,084,000 after buying an additional 14,276 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its position in Tableau Software by 5.0% in the first quarter. Eagle Asset Management Inc. now owns 1,179,855 shares of the software company’s stock valued at $150,171,000 after buying an additional 56,029 shares during the last quarter. Institutional investors and hedge funds own 88.84% of the company’s stock.

Shares of DATA stock remained flat at $$169.53 during trading hours on Monday. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $14.61 billion, a PE ratio of -53.14 and a beta of 1.49. The firm has a 50-day simple moving average of $171.09 and a two-hundred day simple moving average of $139.88. Tableau Software Inc has a 12 month low of $94.81 and a 12 month high of $177.59.

A number of research analysts have issued reports on the company. UBS Group downgraded Tableau Software from a “buy” rating to a “neutral” rating in a report on Wednesday, June 19th. ValuEngine raised Tableau Software from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 1st. Goldman Sachs Group assumed coverage on Tableau Software in a report on Friday, June 7th. They issued a “buy” rating and a $146.00 price target for the company. Needham & Company LLC downgraded Tableau Software from a “buy” rating to a “hold” rating in a report on Monday, June 10th. Finally, Deutsche Bank downgraded Tableau Software from a “buy” rating to a “hold” rating and set a $168.99 price target for the company. in a report on Monday, June 10th. Fourteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Tableau Software has an average rating of “Hold” and an average price target of $148.38.

In other news, insider Adam Selipsky sold 5,666 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $113.17, for a total transaction of $641,221.22. Following the completion of the transaction, the insider now directly owns 232,982 shares of the company’s stock, valued at approximately $26,366,572.94. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 12.58% of the company’s stock.

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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