Russell Investments Group Ltd. decreased its stake in Tableau Software, Inc. (NYSE:DATA) by 8.2% during the first quarter, Holdings Channel reports. The institutional investor owned 42,233 shares of the software company’s stock after selling 3,780 shares during the period. Russell Investments Group Ltd. owned about 0.05% of Tableau Software worth $2,093,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new stake in shares of Tableau Software during the first quarter valued at approximately $540,000. First Quadrant L P CA purchased a new stake in shares of Tableau Software during the first quarter valued at approximately $3,846,000. Fisher Asset Management LLC raised its stake in shares of Tableau Software by 5.5% in the first quarter. Fisher Asset Management LLC now owns 185,480 shares of the software company’s stock valued at $9,191,000 after buying an additional 9,620 shares in the last quarter. Hollencrest Securities LLC raised its stake in shares of Tableau Software by 74.9% in the first quarter. Hollencrest Securities LLC now owns 14,234 shares of the software company’s stock valued at $705,000 after buying an additional 6,095 shares in the last quarter. Finally, Merriman Wealth Management LLC purchased a new stake in shares of Tableau Software during the first quarter valued at approximately $1,547,000. Institutional investors own 76.00% of the company’s stock.
Shares of Tableau Software, Inc. (NYSE DATA) opened at 62.05 on Friday. The company has a 50-day moving average price of $60.56 and a 200 day moving average price of $51.65. Tableau Software, Inc. has a 52-week low of $41.41 and a 52-week high of $66.86. The firm’s market capitalization is $4.84 billion.
Tableau Software (NYSE:DATA) last posted its earnings results on Wednesday, May 3rd. The software company reported ($0.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by $0.16. Tableau Software had a negative net margin of 17.95% and a negative return on equity of 19.26%. The firm had revenue of $199.90 million during the quarter, compared to the consensus estimate of $200.91 million. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. Analysts expect that Tableau Software, Inc. will post $0.03 EPS for the current fiscal year.
Several brokerages have commented on DATA. Goldman Sachs Group, Inc. (The) upgraded Tableau Software from a “neutral” rating to a “buy” rating and upped their price target for the stock from $59.00 to $78.00 in a research note on Tuesday. Sanford C. Bernstein restated an “outperform” rating and set a $79.00 price target on shares of Tableau Software in a research note on Wednesday, June 7th. ValuEngine upgraded Tableau Software from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Bank of America Corporation upped their price target on Tableau Software from $72.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, May 30th. Finally, Deutsche Bank AG upped their price target on Tableau Software from $60.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, May 30th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Tableau Software presently has an average rating of “Hold” and a consensus price target of $61.55.
In related news, CFO Thomas E. Walker, Jr. sold 35,500 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $64.80, for a total value of $2,300,400.00. Following the completion of the transaction, the chief financial officer now owns 170,834 shares in the company, valued at approximately $11,070,043.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Bosworth sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $61.96, for a total transaction of $30,980.00. Following the completion of the transaction, the director now owns 9,549 shares of the company’s stock, valued at approximately $591,656.04. The disclosure for this sale can be found here. Insiders sold 716,025 shares of company stock valued at $43,731,668 in the last quarter. 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.
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