Davidson Investment Advisors Purchases Shares of 69,315 Tableau Software, Inc. (DATA)

Davidson Investment Advisors purchased a new position in shares of Tableau Software, Inc. (NYSE:DATA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 69,315 shares of the software company’s stock, valued at approximately $5,191,000. Davidson Investment Advisors owned approximately 0.09% of Tableau Software at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. ETF Managers Group LLC purchased a new position in shares of Tableau Software in the 2nd quarter valued at approximately $119,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Tableau Software by 12.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,105 shares of the software company’s stock valued at $129,000 after buying an additional 231 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Tableau Software by 164.4% in the second quarter. BNP Paribas Arbitrage SA now owns 2,266 shares of the software company’s stock worth $139,000 after purchasing an additional 1,409 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake 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 worth $140,000 after purchasing an additional 167 shares during the last quarter. Finally, Boston Advisors LLC bought a new stake in shares of Tableau Software in the third quarter worth $201,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

In related news, EVP Keenan Michael Conder sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $70.21, for a total transaction of $280,840.00. Following the transaction, the executive vice president now directly owns 78,578 shares of the company’s stock, valued at $5,516,961.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Bosworth sold 450 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $71.52, for a total transaction of $32,184.00. Following the transaction, the director now directly owns 9,099 shares in the company, valued at $650,760.48. The disclosure for this sale can be found here. Insiders have sold a total of 673,936 shares of company stock worth $47,662,651 over the last 90 days. 28.98% of the stock is owned by insiders.

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Several analysts recently commented on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $70.00 price objective (up previously from $65.00) on shares of Tableau Software in a report on Wednesday, August 9th. Barclays PLC reiterated an “overweight” rating and issued a $76.00 target price (up from $72.00) on shares of Tableau Software in a research report on Wednesday, August 9th. BMO Capital Markets boosted their target price on Tableau Software from $64.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, August 3rd. KeyCorp reiterated a “buy” rating and issued a $85.00 target price (up from $75.00) on shares of Tableau Software in a research report on Thursday, September 21st. Finally, Robert W. Baird reiterated a “hold” rating and issued a $76.00 target price on shares of Tableau Software in a research report on Sunday, November 19th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $72.11.

Shares of Tableau Software, Inc. (DATA) traded down $0.25 during mid-day trading on Friday, hitting $69.43. 959,200 shares of the stock were exchanged, compared to its average volume of 1,035,958. Tableau Software, Inc. has a fifty-two week low of $41.41 and a fifty-two week high of $82.32.

Tableau Software (NYSE:DATA) last announced its quarterly earnings data on Thursday, November 2nd. The software company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.07. Tableau Software had a negative net margin of 18.76% and a negative return on equity of 20.89%. The company had revenue of $214.90 million during the quarter, compared to analyst estimates of $219.43 million. During the same period last year, the business earned $0.16 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. sell-side analysts forecast that Tableau Software, Inc. will post -1.63 earnings per share for the current year.

About Tableau Software

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

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