Merriman Wealth Management LLC increased its stake in Tableau Software Inc (NYSE:DATA) by 2.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 40,355 shares of the software company’s stock after purchasing an additional 1,000 shares during the quarter. Tableau Software makes up 1.3% of Merriman Wealth Management LLC’s investment portfolio, making the stock its 24th largest holding. Merriman Wealth Management LLC’s holdings in Tableau Software were worth $6,784,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Carroll Financial Associates Inc. increased its position in Tableau Software by 69.4% in the 1st quarter. Carroll Financial Associates Inc. now owns 271 shares of the software company’s stock worth $34,000 after buying an additional 111 shares during the period. AGF Investments LLC increased its position in Tableau Software by 24.1% in the 2nd quarter. AGF Investments LLC now owns 319 shares of the software company’s stock worth $53,000 after buying an additional 62 shares during the period. Pittenger & Anderson Inc. increased its position in Tableau Software by 100.0% in the 1st quarter. Pittenger & Anderson Inc. now owns 500 shares of the software company’s stock worth $64,000 after buying an additional 250 shares during the period. Manchester Capital Management LLC bought a new position in Tableau Software in the 1st quarter worth approximately $72,000. Finally, Stephens Inc. AR increased its position in Tableau Software by 335.9% in the 1st quarter. Stephens Inc. AR now owns 571 shares of the software company’s stock worth $73,000 after buying an additional 440 shares during the period. Hedge funds and other institutional investors own 88.84% of the company’s stock.

Tableau Software stock remained flat at $$169.53 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.62 and a current ratio of 2.62. The firm has a market cap of $14.61 billion, a P/E ratio of -53.14 and a beta of 1.49. The business’s fifty day moving average is $170.67. Tableau Software Inc has a fifty-two week low of $94.81 and a fifty-two week high of $177.59.

In other news, insider Adam Selipsky sold 11,828 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $122.08, for a total transaction of $1,443,962.24. Following the transaction, the insider now owns 239,813 shares of the company’s stock, valued at $29,276,371.04. 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 company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 48,955 shares in the company, valued at approximately $6,045,942.50. The disclosure for this sale can be found here. In the last three months, insiders sold 42,781 shares of company stock worth $5,144,495. Insiders own 12.58% of the company’s stock.

Several research analysts have commented on DATA shares. Wedbush downgraded Tableau Software from an “outperform” rating to a “neutral” rating and set a $171.89 price target on the stock. in a research report on Thursday, June 20th. Citigroup cut Tableau Software from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $156.00 to $178.00 in a research report on Wednesday, June 12th. KeyCorp boosted their price objective on Tableau Software from $158.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, June 7th. Zacks Investment Research upgraded Tableau Software from a “hold” rating to a “buy” rating and set a $189.00 price objective on the stock in a research report on Wednesday, July 3rd. Finally, ValuEngine upgraded Tableau Software from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 1st. Fourteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $148.38.

Tableau Software Profile

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

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