State of Alaska Department of Revenue cut its holdings in Tableau Software Inc (NYSE:DATA) by 5.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,327 shares of the software company’s stock after selling 480 shares during the quarter. State of Alaska Department of Revenue’s holdings in Tableau Software were worth $1,059,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Juncture Wealth Strategies LLC acquired a new position in Tableau Software during the 1st quarter worth about $484,000. Hollencrest Capital Management lifted its stake in Tableau Software by 301.7% during the 1st quarter. Hollencrest Capital Management now owns 155,160 shares of the software company’s stock worth $19,749,000 after acquiring an additional 116,534 shares in the last quarter. Geode Capital Management LLC lifted its stake in Tableau Software by 12.4% during the 4th quarter. Geode Capital Management LLC now owns 679,409 shares of the software company’s stock worth $81,528,000 after acquiring an additional 75,083 shares in the last quarter. Norges Bank acquired a new position in Tableau Software during the 4th quarter worth about $88,709,000. Finally, Dimensional Fund Advisors LP lifted its stake in Tableau Software by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 173,969 shares of the software company’s stock worth $20,875,000 after acquiring an additional 950 shares in the last quarter. Hedge funds and other institutional investors own 86.13% of the company’s stock.

In other news, CFO Damon A. Fletcher sold 9,278 shares of the stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $127.15, for a total value of $1,179,697.70. Following the transaction, the chief financial officer now owns 59,437 shares in the company, valued at approximately $7,557,414.55. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Adam Selipsky sold 1,938 shares of the stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $129.31, for a total value of $250,602.78. Following the completion of the transaction, the chief executive officer now owns 225,290 shares in the company, valued at approximately $29,132,249.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 752,046 shares of company stock worth $91,574,008. 19.22% of the stock is owned by company insiders.

Several equities analysts recently issued reports on the company. Zacks Investment Research lowered Tableau Software from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Wedbush reissued an “outperform” rating and set a $145.00 target price on shares of Tableau Software in a research note on Thursday. ValuEngine lowered Tableau Software from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 1st. Wells Fargo & Co increased their target price on Tableau Software from $110.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 6th. Finally, Maxim Group reissued a “hold” rating on shares of Tableau Software in a research note on Thursday, February 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $131.64.

Shares of NYSE DATA opened at $118.57 on Friday. Tableau Software Inc has a 1-year low of $79.12 and a 1-year high of $136.92.

Tableau Software (NYSE:DATA) last issued its quarterly earnings results on Tuesday, February 5th. The software company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.05. Tableau Software had a negative return on equity of 26.26% and a negative net margin of 24.35%. The company had revenue of $275.70 million for the quarter, compared to the consensus estimate of $271.62 million. During the same quarter in the prior year, the business earned $0.12 EPS. Tableau Software’s revenue was up 10.5% on a year-over-year basis. As a group, equities research analysts predict that Tableau Software Inc will post -0.76 earnings per share for the current year.

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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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