Tableau Software, Inc. (DATA) Shares Bought by Bank of Montreal Can
Bank of Montreal Can increased its position in Tableau Software, Inc. (NYSE:DATA) by 17.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,169 shares of the software company’s stock after buying an additional 5,057 shares during the period. Bank of Montreal Can’s holdings in Tableau Software were worth $2,094,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. AXA bought a new stake in shares of Tableau Software during the first quarter worth $2,478,000. Merriman Wealth Management LLC acquired a new stake in Tableau Software during the first quarter valued at approximately $1,547,000. Champlain Investment Partners LLC raised its stake in Tableau Software by 10.5% in the first quarter. Champlain Investment Partners LLC now owns 1,275,155 shares of the software company’s stock valued at $63,184,000 after buying an additional 121,255 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Tableau Software during the first quarter valued at approximately $320,000. Finally, Stephens Investment Management Group LLC raised its stake in Tableau Software by 13.2% in the first quarter. Stephens Investment Management Group LLC now owns 180,725 shares of the software company’s stock valued at $8,955,000 after buying an additional 21,141 shares in the last quarter. 76.38% of the stock is owned by institutional investors.
Shares of Tableau Software, Inc. (NYSE DATA) traded up 1.03% on Friday, hitting $68.67. 712,433 shares of the stock traded hands. The firm’s 50 day moving average is $64.97 and its 200 day moving average is $57.31. The firm’s market capitalization is $5.43 billion. Tableau Software, Inc. has a 52 week low of $41.41 and a 52 week high of $71.53.
Tableau Software (NYSE:DATA) last posted its quarterly earnings data on Wednesday, August 2nd. The software company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.15. Tableau Software had a negative net margin of 17.08% and a negative return on equity of 18.71%. The company had revenue of $212.90 million for the quarter, compared to the consensus estimate of $210.72 million. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts expect that Tableau Software, Inc. will post $0.21 EPS for the current fiscal year.
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DATA has been the subject of several recent research reports. Vetr raised shares of Tableau Software from a “buy” rating to a “strong-buy” rating and set a $57.96 target price for the company in a research note on Monday, April 17th. BTIG Research initiated coverage on shares of Tableau Software in a research note on Monday, April 17th. They set a “buy” rating and a $65.00 target price for the company. Zacks Investment Research lowered shares of Tableau Software from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Wunderlich increased their target price on shares of Tableau Software from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Thursday, May 4th. Finally, Deutsche Bank AG increased their target price on shares of Tableau Software from $50.00 to $60.00 and gave the company a “hold” rating in a research note on Thursday, May 4th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Tableau Software currently has a consensus rating of “Hold” and an average price target of $64.52.
In other news, Director William Bosworth sold 500 shares of Tableau Software stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $61.96, for a total value of $30,980.00. Following the sale, the director now directly owns 9,549 shares in the company, valued at $591,656.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris Stolte sold 225,000 shares of Tableau Software stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $70.59, for a total transaction of $15,882,750.00. Following the completion of the sale, the insider now owns 153,702 shares in the company, valued at $10,849,824.18. The disclosure for this sale can be found here. Insiders sold 1,161,625 shares of company stock worth $79,348,706 over the last quarter. 28.98% of the stock is 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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