Schwab Charles Investment Management Inc. Buys 24,776 Shares of Tableau Software Inc (DATA)

Schwab Charles Investment Management Inc. increased its stake in shares of Tableau Software Inc (NYSE:DATA) by 10.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 254,957 shares of the software company’s stock after acquiring an additional 24,776 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.32% of Tableau Software worth $19,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of DATA. Vanguard Group Inc. lifted its holdings in Tableau Software by 10.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,692,183 shares of the software company’s stock worth $287,489,000 after buying an additional 450,910 shares during the period. BlackRock Inc. lifted its holdings in Tableau Software by 9.0% in the 2nd quarter. BlackRock Inc. now owns 2,672,716 shares of the software company’s stock worth $163,756,000 after buying an additional 220,387 shares during the period. FMR LLC lifted its holdings in Tableau Software by 44.8% in the 2nd quarter. FMR LLC now owns 2,387,444 shares of the software company’s stock worth $146,279,000 after buying an additional 738,623 shares during the period. JPMorgan Chase & Co. lifted its holdings in Tableau Software by 34.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,431,304 shares of the software company’s stock worth $106,731,000 after buying an additional 365,373 shares during the period. Finally, Baillie Gifford & Co. lifted its holdings in Tableau Software by 0.9% in the 3rd quarter. Baillie Gifford & Co. now owns 1,405,232 shares of the software company’s stock worth $105,238,000 after buying an additional 12,193 shares during the period. Institutional investors and hedge funds own 81.07% of the company’s stock.

Several equities research analysts have weighed in on DATA shares. Bank of America increased their price objective on Tableau Software from $84.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. BidaskClub upgraded Tableau Software from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. KeyCorp restated a “buy” rating and issued a $85.00 target price on shares of Tableau Software in a research note on Friday, October 6th. Barclays restated a “buy” rating and issued a $80.00 target price on shares of Tableau Software in a research note on Wednesday, October 11th. Finally, Zacks Investment Research cut Tableau Software from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $72.11.

In other Tableau Software news, insider Andrew Beers sold 20,000 shares of Tableau Software stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $70.46, for a total transaction of $1,409,200.00. Following the completion of the transaction, the insider now owns 188,422 shares in the company, valued at $13,276,214.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Selipsky sold 7,272 shares of Tableau Software stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $70.67, for a total value of $513,912.24. Following the transaction, the chief executive officer now 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. Insiders have sold 692,286 shares of company stock valued at $48,819,636 in the last quarter. 24.76% of the stock is owned by company insiders.

Tableau Software Inc (DATA) opened at $70.68 on Wednesday. Tableau Software Inc has a one year low of $41.41 and a one year 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.07. The business had revenue of $214.90 million during the quarter, compared to analysts’ expectations of $219.43 million. Tableau Software had a negative return on equity of 20.89% and a negative net margin of 18.76%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 earnings per share. analysts expect that Tableau Software Inc will post -1.63 EPS for the current year.

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

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