Institute for Wealth Management LLC. Purchases Shares of 4,190 Tableau Software, Inc. (DATA)
Institute for Wealth Management LLC. purchased a new position in shares of Tableau Software, Inc. (NYSE:DATA) in the second quarter, according to its most recent filing with the SEC. The firm purchased 4,190 shares of the software company’s stock, valued at approximately $258,000.
A number of other institutional investors have also modified their holdings of DATA. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Tableau Software by 12.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,105 shares of the software company’s stock worth $129,000 after buying an additional 231 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Tableau Software by 164.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,266 shares of the software company’s stock valued at $139,000 after acquiring an additional 1,409 shares in the last quarter. Westpac Banking Corp bought a new stake in shares of Tableau Software in the 1st quarter valued at $126,000. FNY Partners Fund LP lifted its position in shares of Tableau Software by 14,900.0% during the 1st quarter. FNY Partners Fund LP now owns 3,000 shares of the software company’s stock valued at $148,000 after acquiring an additional 2,980 shares during the period. Finally, Global Endowment Management LP acquired a new position in shares of Tableau Software during the 2nd quarter valued at $207,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.
In other Tableau Software news, insider Adam Selipsky sold 3,200 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $72.28, for a total transaction of $231,296.00. Following the completion of the sale, the insider now directly owns 216,230 shares of the company’s stock, valued at $15,629,104.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Chris Stolte sold 225,000 shares of Tableau Software stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $70.59, for a total transaction of $15,882,750.00. Following the transaction, the insider now owns 153,702 shares in the company, valued at approximately $10,849,824.18. The disclosure for this sale can be found here. In the last three months, insiders sold 1,160,559 shares of company stock worth $81,744,364. 28.98% of the stock is owned by corporate insiders.
A number of equities research analysts have commented on DATA shares. Goldman Sachs Group, Inc. (The) upgraded shares of Tableau Software from a “neutral” rating to a “buy” rating and raised their price target for the stock from $59.00 to $78.00 in a report on Tuesday, June 13th. Sanford C. Bernstein reiterated an “outperform” rating and set a $79.00 price objective on shares of Tableau Software in a report on Wednesday, June 7th. Bank of America Corporation reissued a “buy” rating and set a $76.00 price objective on shares of Tableau Software in a research report on Monday, July 17th. Barclays PLC reissued an “overweight” rating and set a $76.00 price objective (up previously from $72.00) on shares of Tableau Software in a research report on Wednesday, August 9th. Finally, KeyCorp reissued a “buy” rating and set a $67.00 price objective on shares of Tableau Software in a research report on Sunday, July 30th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $65.46.
COPYRIGHT VIOLATION NOTICE: “Institute for Wealth Management LLC. Purchases Shares of 4,190 Tableau Software, Inc. (DATA)” was posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.watchlistnews.com/institute-for-wealth-management-llc-purchases-shares-of-4190-tableau-software-inc-data/1605438.html.
Tableau Software, Inc. (NYSE:DATA) traded up 0.96% during mid-day trading on Tuesday, reaching $76.11. The company’s stock had a trading volume of 62,904 shares. The firm’s market cap is $6.02 billion. The company has a 50-day moving average price of $73.13 and a 200-day moving average price of $62.88. Tableau Software, Inc. has a 12-month low of $41.41 and a 12-month high of $76.50.
Tableau Software (NYSE:DATA) last released its quarterly earnings results on Wednesday, August 2nd. The software company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.15. Tableau Software had a negative return on equity of 18.71% and a negative net margin of 17.08%. The firm had revenue of $212.90 million for the quarter, compared to analysts’ expectations of $210.72 million. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts expect that Tableau Software, Inc. will post $0.23 earnings per share for the current year.
Tableau Software Company Profile
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.
Want to see what other hedge funds are holding DATA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tableau Software, Inc. (NYSE:DATA).
Receive News & Ratings for Tableau Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tableau Software Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.