Parametric Portfolio Associates LLC raised its position in Tableau Software Inc (NYSE:DATA) by 16.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,334 shares of the software company’s stock after purchasing an additional 10,803 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Tableau Software were worth $9,716,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of DATA. Carroll Financial Associates Inc. raised its position in shares of Tableau Software by 69.4% during the first quarter. Carroll Financial Associates Inc. now owns 271 shares of the software company’s stock worth $34,000 after acquiring an additional 111 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of Tableau Software during the fourth quarter worth about $39,000. Neuburgh Advisers LLC bought a new position in shares of Tableau Software during the fourth quarter worth about $46,000. Rehmann Capital Advisory Group raised its position in shares of Tableau Software by 58.2% during the fourth quarter. Rehmann Capital Advisory Group now owns 571 shares of the software company’s stock worth $69,000 after acquiring an additional 210 shares during the last quarter. Finally, Manchester Capital Management LLC bought a new position in shares of Tableau Software during the first quarter worth about $72,000. Hedge funds and other institutional investors own 88.66% of the company’s stock.
Shares of DATA stock opened at $165.38 on Friday. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.25. Tableau Software Inc has a fifty-two week low of $92.01 and a fifty-two week high of $173.37.
Tableau Software (NYSE:DATA) last announced its quarterly earnings data on Thursday, May 2nd. The software company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.58) by $0.60. Tableau Software had a negative return on equity of 25.93% and a negative net margin of 27.58%. The firm had revenue of $282.50 million during the quarter, compared to analysts’ expectations of $287.24 million. During the same quarter last year, the firm posted $0.07 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. Research analysts predict that Tableau Software Inc will post -0.76 EPS for the current year.
In other Tableau Software news, Director Hilarie A. Koplow sold 228 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $122.03, for a total value of $27,822.84. Following the completion of the sale, the director now owns 8,734 shares of the company’s stock, valued at $1,065,810.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Damon A. Fletcher sold 1,204 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $123.50, for a total value of $148,694.00. Following the completion of the sale, the chief financial officer now directly owns 48,955 shares of the company’s stock, valued at approximately $6,045,942.50. The disclosure for this sale can be found here. Insiders sold 57,781 shares of company stock valued at $6,962,045 in the last three months. Insiders own 12.58% of the company’s stock.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Tableau Software from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. First Analysis downgraded Tableau Software from an “outperform” rating to a “neutral” rating and set a $164.06 price objective for the company. in a research report on Wednesday. Goldman Sachs Group assumed coverage on Tableau Software in a research report on Friday, June 7th. They set a “buy” rating and a $146.00 price objective for the company. Citigroup downgraded Tableau Software from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $156.00 to $178.00 in a report on Wednesday. Finally, KeyCorp lifted their target price on Tableau Software from $158.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $141.29.
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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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