South State Corp boosted its stake in Tableau Software Inc Class A (NYSE:DATA) by 5.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 43,021 shares of the software company’s stock after buying an additional 2,306 shares during the period. South State Corp’s holdings in Tableau Software Inc Class A were worth $4,205,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DATA. Millennium Management LLC acquired a new stake in Tableau Software Inc Class A in the 1st quarter valued at $37,349,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Tableau Software Inc Class A in the 2nd quarter valued at $40,802,000. Cypress Funds LLC acquired a new stake in Tableau Software Inc Class A in the 1st quarter valued at $16,406,000. Baillie Gifford & Co. boosted its stake in Tableau Software Inc Class A by 11.7% in the second quarter. Baillie Gifford & Co. now owns 1,716,736 shares of the software company’s stock worth $167,811,000 after purchasing an additional 179,906 shares in the last quarter. Finally, CI Investments Inc. boosted its stake in Tableau Software Inc Class A by 748.9% in the first quarter. CI Investments Inc. now owns 164,362 shares of the software company’s stock worth $13,284,000 after purchasing an additional 145,000 shares in the last quarter. 80.23% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have commented on DATA. Citigroup reissued a “buy” rating on shares of Tableau Software Inc Class A in a research note on Tuesday, July 31st. Stifel Nicolaus boosted their price objective on Tableau Software Inc Class A from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, July 16th. UBS Group boosted their price objective on Tableau Software Inc Class A from $95.00 to $114.00 and gave the stock a “neutral” rating in a research note on Thursday, August 2nd. Barclays boosted their price objective on Tableau Software Inc Class A from $114.00 to $123.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Monness Crespi & Hardt began coverage on Tableau Software Inc Class A in a research note on Wednesday, April 11th. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Tableau Software Inc Class A currently has a consensus rating of “Hold” and a consensus price target of $108.48.

DATA stock opened at $103.28 on Wednesday. The firm has a market cap of $8.39 billion, a PE ratio of -44.14 and a beta of 0.92. Tableau Software Inc Class A has a twelve month low of $67.39 and a twelve month high of $112.42.

Tableau Software Inc Class A (NYSE:DATA) last released its earnings results on Thursday, August 2nd. The software company reported ($0.71) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.05). The firm had revenue of $243.60 million for the quarter, compared to the consensus estimate of $237.23 million. Tableau Software Inc Class A had a negative return on equity of 25.60% and a negative net margin of 20.38%. The company’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 EPS. research analysts forecast that Tableau Software Inc Class A will post -2.45 EPS for the current year.

In related news, EVP Keenan Michael Conder sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 5th. The stock was sold at an average price of $100.00, for a total value of $500,000.00. Following the completion of the sale, the executive vice president now owns 103,244 shares in the company, valued at $10,324,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chris Stolte sold 95,000 shares of the company’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $93.14, for a total value of $8,848,300.00. Following the completion of the sale, the insider now owns 98,536 shares of the company’s stock, valued at approximately $9,177,643.04. The disclosure for this sale can be found here. Insiders sold 280,741 shares of company stock valued at $27,072,568 in the last quarter. 19.22% of the stock is currently owned by corporate insiders.

Tableau Software Inc Class A Profile

Tableau Software, Inc provides business analytics software products. It offers Tableau Desktop, an analytics product that empowers people to access and analyze data; and Tableau Server, a business intelligence platform with data management and scalability to foster sharing of analytics, as well as to enhance the dissemination of information in an organization and promote decision-making.

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Institutional Ownership by Quarter for Tableau Software Inc Class A (NYSE:DATA)

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