19,362 Shares in Tableau Software Inc (DATA) Purchased by CI Investments Inc.
CI Investments Inc. bought a new position in Tableau Software Inc (NYSE:DATA) in the fourth quarter, HoldingsChannel.com reports. The firm bought 19,362 shares of the software company’s stock, valued at approximately $1,340,000.
Other large investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC grew its position in shares of Tableau Software by 871.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,486 shares of the software company’s stock valued at $102,000 after purchasing an additional 1,333 shares in the last quarter. Invictus RG purchased a new position in shares of Tableau Software in the third quarter valued at $123,000. The Manufacturers Life Insurance Company grew its position in shares of Tableau Software by 7.9% in the second quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock valued at $140,000 after purchasing an additional 167 shares in the last quarter. Boston Advisors LLC purchased a new position in shares of Tableau Software in the third quarter valued at $201,000. Finally, World Asset Management Inc purchased a new position in shares of Tableau Software in the third quarter valued at $210,000. 81.39% of the stock is owned by institutional investors and hedge funds.
In other Tableau Software news, insider Christian Chabot sold 450,000 shares of Tableau Software stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $70.49, for a total transaction of $31,720,500.00. Following the completion of the sale, the insider now owns 231,820 shares of the company’s stock, valued at $16,340,991.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 7,272 shares of the business’s 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 sale, the chief executive officer now directly owns 237,592 shares of the company’s stock, valued at approximately $16,790,626.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 692,286 shares of company stock valued at $48,819,636. Corporate insiders own 24.76% of the company’s stock.
Tableau Software (NYSE:DATA) last issued its quarterly earnings results on Thursday, February 1st. The software company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.09. Tableau Software had a negative return on equity of 23.76% and a negative net margin of 21.16%. The firm had revenue of $249.40 million during the quarter, compared to analyst estimates of $240.63 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue was down .5% compared to the same quarter last year. sell-side analysts anticipate that Tableau Software Inc will post -1.61 EPS for the current year.
Several equities analysts have recently weighed in on DATA shares. Mizuho reiterated a “neutral” rating and issued a $85.00 price target (up from $68.00) on shares of Tableau Software in a research report on Thursday, February 1st. Zacks Investment Research cut Tableau Software from a “hold” rating to a “sell” rating in a research report on Friday. Maxim Group reiterated a “sell” rating and issued a $40.00 price target on shares of Tableau Software in a research report on Friday, November 3rd. Wells Fargo & Co lifted their price target on Tableau Software to $90.00 and gave the company a “market perform” rating in a research report on Friday. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $92.00 price target on shares of Tableau Software in a research report on Friday. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Tableau Software has an average rating of “Hold” and a consensus target price of $79.68.
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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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