IBM Retirement Fund boosted its stake in Tableau Software Inc. (NYSE:DATA) by 12.2% during the second quarter, Holdings Channel reports. The institutional investor owned 5,549 shares of the software company’s stock after buying an additional 604 shares during the period. IBM Retirement Fund’s holdings in Tableau Software were worth $271,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Highland Private Wealth Management purchased a new position in Tableau Software during the first quarter valued at $229,000. Creative Planning raised its position in Tableau Software by 2,445.9% in the second quarter. Creative Planning now owns 5,601 shares of the software company’s stock valued at $274,000 after buying an additional 5,381 shares in the last quarter. Hollencrest Securities LLC purchased a new position in Tableau Software during the second quarter valued at $342,000. Credit Agricole S A raised its position in Tableau Software by 1.3% in the first quarter. Credit Agricole S A now owns 8,099 shares of the software company’s stock valued at $372,000 after buying an additional 102 shares in the last quarter. Finally, Pacad Investment Ltd. raised its position in Tableau Software by 128.1% in the first quarter. Pacad Investment Ltd. now owns 13,460 shares of the software company’s stock valued at $617,000 after buying an additional 7,560 shares in the last quarter. Institutional investors own 70.66% of the company’s stock.
Tableau Software Inc. (NYSE:DATA) traded up 0.97% on Friday, hitting $55.27. 762,389 shares of the company’s stock were exchanged. Tableau Software Inc. has a 52-week low of $36.60 and a 52-week high of $104.92. The firm has a 50 day moving average price of $56.30 and a 200-day moving average price of $51.84. The stock’s market cap is $4.16 billion.
Several research analysts have recently weighed in on the stock. Jefferies Group lowered their price objective on shares of Tableau Software from $56.00 to $52.00 and set a “hold” rating on the stock in a research note on Wednesday, August 3rd. FBN Securities restated an “outperform” rating and set a $60.00 price objective (down from $65.00) on shares of Tableau Software in a research note on Thursday, August 4th. Brean Capital restated a “hold” rating on shares of Tableau Software in a research note on Thursday, August 4th. Vetr upgraded shares of Tableau Software from a “buy” rating to a “strong-buy” rating and set a $60.29 price objective on the stock in a research note on Wednesday, August 3rd. Finally, Deutsche Bank AG reduced their target price on shares of Tableau Software from $65.00 to $60.00 and set a “hold” rating for the company in a report on Wednesday, August 3rd. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Tableau Software currently has a consensus rating of “Hold” and a consensus price target of $68.55.
In related news, Director Elliott H. Jurgensen, Jr. sold 3,242 shares of Tableau Software stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $59.95, for a total value of $194,357.90. Following the transaction, the director now directly owns 6,459 shares of the company’s stock, valued at $387,217.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Kelly Wright sold 1,025 shares of Tableau Software stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $54.53, for a total transaction of $55,893.25. Following the completion of the transaction, the vice president now directly owns 304,937 shares in the company, valued at $16,628,214.61. The disclosure for this sale can be found here. Company insiders own 28.98% of the company’s stock.
About Tableau Software
Tableau Software, Inc (Tableau) offers software products. The Company’s technologies include visual query language (VizQL), a visual query language that translates drag-and-drop actions into data queries and then expresses the information visually, and Hybrid Data Architecture, which combines the Company’s Live Query and In-Memory Data Engines technologies.
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