Eagle Asset Management Inc. Boosts Stake in Tableau Software Inc. (DATA)
Eagle Asset Management Inc. increased its position in Tableau Software Inc. (NYSE:DATA) by 17.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 417,113 shares of the software company’s stock after buying an additional 62,486 shares during the period. Eagle Asset Management Inc. owned 0.55% of Tableau Software worth $23,053,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Fiera Capital Corp acquired a new position in Tableau Software during the second quarter worth about $35,513,000. Pine River Capital Management L.P. increased its position in Tableau Software by 176.6% in the second quarter. Pine River Capital Management L.P. now owns 862,166 shares of the software company’s stock worth $42,177,000 after buying an additional 550,496 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in Tableau Software during the second quarter worth about $15,434,000. Los Angeles Capital Management & Equity Research Inc. increased its position in Tableau Software by 1,792.1% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 330,172 shares of the software company’s stock worth $16,152,000 after buying an additional 312,722 shares in the last quarter. Finally, FIL Ltd acquired a new position in Tableau Software during the second quarter worth about $14,869,000. 72.67% of the stock is currently owned by institutional investors and hedge funds.
Shares of Tableau Software Inc. (NYSE:DATA) traded down 2.91% on Monday, hitting $45.65. 433,038 shares of the stock traded hands. Tableau Software Inc. has a 12-month low of $36.60 and a 12-month high of $98.15. The firm’s 50-day moving average is $47.49 and its 200 day moving average is $52.24. The firm’s market cap is $3.47 billion.
Tableau Software (NYSE:DATA) last released its earnings results on Tuesday, November 1st. The software company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.09. Tableau Software had a negative net margin of 21.14% and a negative return on equity of 21.72%. The business had revenue of $206.10 million for the quarter, compared to analysts’ expectations of $213.87 million. During the same period last year, the company earned $0.14 earnings per share. The company’s quarterly revenue was up 20.7% on a year-over-year basis. Equities research analysts forecast that Tableau Software Inc. will post $0.30 EPS for the current fiscal year.
Several equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Tableau Software from a “hold” rating to a “sell” rating in a research note on Tuesday, October 18th. Wedbush restated an “outperform” rating and issued a $65.00 target price (down from $70.00) on shares of Tableau Software in a research note on Friday, October 14th. Oppenheimer Holdings Inc. set a $62.00 target price on shares of Tableau Software and gave the company a “buy” rating in a research note on Wednesday, September 14th. Vetr upgraded shares of Tableau Software from a “hold” rating to a “buy” rating and set a $60.52 target price for the company in a research note on Wednesday, August 31st. Finally, Drexel Hamilton restated a “buy” rating and issued a $75.00 target price on shares of Tableau Software in a research note on Wednesday, August 24th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $62.14.
In other Tableau Software news, insider Andrew Beers sold 7,500 shares of Tableau Software stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $47.13, for a total transaction of $353,475.00. Following the transaction, the insider now directly owns 121,252 shares of the company’s stock, valued at $5,714,606.76. The sale was disclosed in a filing with the SEC, which is available at this link. 28.98% of the stock is currently owned by corporate insiders.
About Tableau Software
Tableau Software, Inc (Tableau) offers software products. The Company’s technologies include visual query language (VizQL), a visual query language that translates drag-and-drop actions into data queries and then expresses the information visually, and Hybrid Data Architecture, which combines the Company’s Live Query and In-Memory Data Engines technologies.
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