Westfield Capital Management Co. LP Lowers Holdings in Tableau Software, Inc. (DATA)
Westfield Capital Management Co. LP trimmed its position in Tableau Software, Inc. (NYSE:DATA) by 14.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 375,891 shares of the software company’s stock after selling 61,830 shares during the quarter. Westfield Capital Management Co. LP owned 0.47% of Tableau Software worth $28,150,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of DATA. Northern Trust Corp lifted its stake in shares of Tableau Software by 5.8% during the 2nd quarter. Northern Trust Corp now owns 283,245 shares of the software company’s stock worth $17,355,000 after purchasing an additional 15,561 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Tableau Software by 39.2% during the 2nd quarter. American Century Companies Inc. now owns 1,091,341 shares of the software company’s stock worth $66,866,000 after purchasing an additional 307,122 shares during the last quarter. FMR LLC lifted its stake in shares of Tableau Software by 44.8% during the 2nd quarter. FMR LLC now owns 2,387,444 shares of the software company’s stock worth $146,279,000 after purchasing an additional 738,623 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Tableau Software by 10.0% during the 2nd quarter. New York State Common Retirement Fund now owns 132,440 shares of the software company’s stock worth $8,115,000 after purchasing an additional 11,999 shares during the last quarter. Finally, Scott & Selber Inc. purchased a new stake in shares of Tableau Software during the 2nd quarter worth $1,533,000. Institutional investors and hedge funds own 81.70% of the company’s stock.
DATA has been the subject of a number of analyst reports. Royal Bank Of Canada restated a “sector perform” rating and set a $70.00 price objective (up from $65.00) on shares of Tableau Software in a research note on Wednesday, August 9th. Barclays restated an “overweight” rating and set a $76.00 price objective (up from $72.00) on shares of Tableau Software in a research note on Wednesday, August 9th. Zacks Investment Research cut Tableau Software from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. BidaskClub upgraded Tableau Software from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Finally, Moffett Nathanson initiated coverage on Tableau Software in a research note on Wednesday, September 6th. They set a “neutral” rating and a $76.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $72.11.
In other news, insider Christian Chabot sold 450,000 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $70.49, for a total value of $31,720,500.00. Following the transaction, the insider now directly owns 231,820 shares of the company’s stock, valued at $16,340,991.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 7,272 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $70.67, for a total value of $513,912.24. Following the completion of the transaction, the chief executive officer now directly owns 237,592 shares in the company, valued at $16,790,626.64. The disclosure for this sale can be found here. Insiders sold 669,886 shares of company stock worth $47,250,836 over the last three months. Corporate insiders own 24.76% of the company’s stock.
Shares of Tableau Software, Inc. (NYSE DATA) opened at $68.77 on Tuesday. Tableau Software, Inc. has a 12 month low of $41.41 and a 12 month high of $82.32.
Tableau Software (NYSE:DATA) last announced its quarterly earnings data on Thursday, November 2nd. The software company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.07. The business had revenue of $214.90 million for the quarter, compared to analyst estimates of $219.43 million. Tableau Software had a negative return on equity of 20.89% and a negative net margin of 18.76%. The company’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 earnings per share. equities research analysts expect that Tableau Software, Inc. will post -1.63 EPS for the current fiscal year.
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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.
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