Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of Tableau Software Inc (NYSE:DATA) by 10.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 51,287 shares of the software company’s stock after acquiring an additional 4,904 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Tableau Software were worth $6,527,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Carroll Financial Associates Inc. increased its stake in shares of Tableau Software by 69.4% in the first quarter. Carroll Financial Associates Inc. now owns 271 shares of the software company’s stock worth $34,000 after acquiring an additional 111 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Tableau Software in the fourth quarter worth $39,000. Neuburgh Advisers LLC acquired a new position in shares of Tableau Software in the fourth quarter worth $46,000. Rehmann Capital Advisory Group increased its stake in shares of Tableau Software by 58.2% in the fourth quarter. Rehmann Capital Advisory Group now owns 571 shares of the software company’s stock worth $69,000 after acquiring an additional 210 shares during the last quarter. Finally, Stephens Inc. AR increased its stake in shares of Tableau Software by 335.9% in the first quarter. Stephens Inc. AR now owns 571 shares of the software company’s stock worth $73,000 after acquiring an additional 440 shares during the last quarter. Institutional investors own 86.89% of the company’s stock.
DATA stock traded up $2.29 during mid-day trading on Thursday, reaching $123.75. 6,280 shares of the stock traded hands, compared to its average volume of 1,202,502. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.62 and a quick ratio of 2.62. Tableau Software Inc has a 52 week low of $91.92 and a 52 week high of $136.92. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of -38.85 and a beta of 1.19.
Tableau Software (NYSE:DATA) last released its quarterly earnings results on Thursday, May 2nd. The software company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.58) by $0.60. Tableau Software had a negative net margin of 27.58% and a negative return on equity of 25.93%. The company had revenue of $282.50 million during the quarter, compared to analysts’ expectations of $287.24 million. During the same period in the prior year, the company earned $0.07 earnings per share. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. Equities analysts expect that Tableau Software Inc will post -0.81 EPS for the current fiscal year.
In related news, Director John Mcadam sold 15,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $121.17, for a total value of $1,817,550.00. Following the completion of the sale, the director now owns 31,835 shares in the company, valued at $3,857,446.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Hilarie A. Koplow sold 228 shares of the stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $126.67, for a total transaction of $28,880.76. Following the completion of the sale, the director now owns 8,962 shares of the company’s stock, valued at approximately $1,135,216.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,995 shares of company stock valued at $7,574,353. 12.58% of the stock is owned by corporate insiders.
A number of equities research analysts recently issued reports on DATA shares. Wedbush reiterated an “outperform” rating and issued a $142.00 price objective (up from $128.00) on shares of Tableau Software in a report on Monday, February 4th. Wells Fargo & Co upped their price objective on shares of Tableau Software from $110.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, February 6th. Jefferies Financial Group upped their price objective on shares of Tableau Software to $115.00 and gave the stock a “hold” rating in a report on Wednesday, February 6th. BMO Capital Markets decreased their price objective on shares of Tableau Software from $145.00 to $140.00 and set a “market perform” rating for the company in a report on Tuesday, April 23rd. Finally, Stifel Nicolaus upped their price objective on shares of Tableau Software to $145.00 and gave the stock a “buy” rating in a report on Wednesday, February 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Tableau Software currently has a consensus rating of “Buy” and an average price target of $135.43.
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Tableau Software Company 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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