Wells Fargo & Company MN Cuts Stake in Tableau Software Inc (DATA)

Wells Fargo & Company MN lessened its stake in shares of Tableau Software Inc (NYSE:DATA) by 77.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 64,551 shares of the software company’s stock after selling 225,829 shares during the quarter. Wells Fargo & Company MN owned about 0.08% of Tableau Software worth $4,835,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DATA. Schwab Charles Investment Management Inc. lifted its stake in shares of Tableau Software by 8.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 230,181 shares of the software company’s stock worth $14,104,000 after buying an additional 17,742 shares during the last quarter. State of Wisconsin Investment Board lifted its stake in shares of Tableau Software by 8.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 11,918 shares of the software company’s stock worth $730,000 after buying an additional 950 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Tableau Software by 6.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 221,605 shares of the software company’s stock worth $13,577,000 after purchasing an additional 13,248 shares in the last quarter. Legal & General Group Plc raised its stake in Tableau Software by 4.4% in the 2nd quarter. Legal & General Group Plc now owns 20,231 shares of the software company’s stock worth $1,239,000 after purchasing an additional 846 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Tableau Software by 164.4% in the 2nd 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 in the last quarter. Institutional investors own 81.07% of the company’s stock.

DATA has been the subject of several analyst reports. Zacks Investment Research cut shares of Tableau Software from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Oppenheimer reiterated a “hold” rating on shares of Tableau Software in a research note on Wednesday, September 13th. KeyCorp reiterated a “buy” rating and issued a $85.00 price objective (up previously from $75.00) on shares of Tableau Software in a research note on Thursday, September 21st. Robert W. Baird set a $68.00 price objective on shares of Tableau Software and gave the stock a “hold” rating in a research note on Friday, October 6th. Finally, Jefferies Group reiterated a “hold” rating and issued a $58.00 price objective on shares of Tableau Software in a research note on Sunday, October 8th. Two investment 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 company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $72.11.

Tableau Software Inc (DATA) opened at $70.28 on Friday. Tableau Software Inc has a 1-year low of $43.83 and a 1-year high of $82.32. The company has a market cap of $5,710.32, a PE ratio of -33.15 and a beta of 0.82.

Tableau Software (NYSE:DATA) last released its earnings results on Thursday, November 2nd. The software company reported $0.08 EPS for the quarter, beating the 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 firm had revenue of $214.90 million for the quarter, compared to analyst estimates of $219.43 million. During the same period last year, the firm earned $0.16 EPS. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. equities analysts anticipate that Tableau Software Inc will post -1.63 EPS for the current year.

In related news, insider Andrew Beers sold 20,000 shares of Tableau Software stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $70.46, for a total transaction of $1,409,200.00. Following the sale, the insider now directly owns 188,422 shares of the company’s stock, valued at approximately $13,276,214.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 7,272 shares of Tableau Software stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $70.67, for a total transaction of $513,912.24. Following the sale, the chief executive officer now directly owns 237,592 shares in the company, valued at $16,790,626.64. The disclosure for this sale can be found here. Insiders have sold a total of 692,286 shares of company stock worth $48,819,636 over the last ninety days. 28.98% of the stock is currently owned by insiders.

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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.

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

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