Dorsal Capital Management LLC Sells 25,000 Shares of Tableau Software Inc (DATA)
Dorsal Capital Management LLC lessened its stake in shares of Tableau Software Inc (NYSE:DATA) by 2.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 975,000 shares of the software company’s stock after selling 25,000 shares during the quarter. Tableau Software comprises about 6.3% of Dorsal Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. Dorsal Capital Management LLC owned 1.18% of Tableau Software worth $108,947,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of DATA. FMR LLC increased its stake in shares of Tableau Software by 4,138.8% during the second quarter. FMR LLC now owns 2,323,496 shares of the software company’s stock valued at $227,122,000 after acquiring an additional 2,268,681 shares during the period. Carillon Tower Advisers Inc. grew its position in Tableau Software by 61.7% in the second quarter. Carillon Tower Advisers Inc. now owns 959,019 shares of the software company’s stock worth $93,743,000 after buying an additional 366,103 shares during the last quarter. BlackRock Inc. grew its position in Tableau Software by 10.8% in the second quarter. BlackRock Inc. now owns 3,572,065 shares of the software company’s stock worth $349,168,000 after buying an additional 348,593 shares during the last quarter. EastBay Asset Management LLC acquired a new position in Tableau Software in the third quarter worth approximately $19,504,000. Finally, First Trust Advisors LP grew its position in Tableau Software by 53.1% in the third quarter. First Trust Advisors LP now owns 353,413 shares of the software company’s stock worth $39,490,000 after buying an additional 122,605 shares during the last quarter. Institutional investors and hedge funds own 84.93% of the company’s stock.
Shares of DATA opened at $123.69 on Thursday. Tableau Software Inc has a 12 month low of $68.45 and a 12 month high of $129.28. The firm has a market cap of $10.34 billion, a P/E ratio of -52.86 and a beta of 1.36.
In other Tableau Software news, insider Adam Selipsky sold 21,300 shares of the firm’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $121.23, for a total value of $2,582,199.00. Following the transaction, the insider now directly owns 248,909 shares of the company’s stock, valued at approximately $30,175,238.07. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director A Brooke Seawell sold 649 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $118.54, for a total transaction of $76,932.46. Following the completion of the transaction, the director now directly owns 1,297 shares in the company, valued at $153,746.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,240,848 shares of company stock worth $140,158,728. 28.98% of the stock is owned by insiders.
Several research firms have issued reports on DATA. Bank of America lifted their price target on shares of Tableau Software from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, November 7th. Wedbush lifted their price target on shares of Tableau Software from $128.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 7th. Citigroup set a $148.00 price target on shares of Tableau Software and gave the stock a “buy” rating in a research report on Wednesday, November 7th. Royal Bank of Canada lifted their price target on shares of Tableau Software to $120.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Tableau Software to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 7th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $118.41.
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Tableau Software Profile
Tableau Software, Inc provides business analytics software products. It offers Tableau Desktop, an analytics product that empowers people to access and analyze data; and Tableau Server, a business intelligence platform with data management and scalability to foster sharing of analytics, as well as to enhance the dissemination of information in an organization and promote decision-making.
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