Harvest Capital Strategies LLC acquired a new position in Tableau Software Inc (NYSE:DATA) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 125,000 shares of the software company’s stock, valued at approximately $8,650,000. Tableau Software accounts for about 1.5% of Harvest Capital Strategies LLC’s portfolio, making the stock its 17th largest position.
Other hedge funds also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC raised its position in Tableau Software by 871.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,486 shares of the software company’s stock worth $102,000 after acquiring an additional 1,333 shares during the period. American International Group Inc. bought a new stake in Tableau Software in the fourth quarter worth about $105,000. Invictus RG bought a new stake in Tableau Software in the third quarter worth about $123,000. The Manufacturers Life Insurance Company raised its position in 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 acquiring an additional 167 shares during the period. Finally, Wellington Shields Capital Management LLC bought a new stake in Tableau Software in the third quarter worth about $225,000. 82.92% of the stock is currently owned by institutional investors and hedge funds.
Tableau Software Inc (NYSE:DATA) opened at $84.99 on Wednesday. Tableau Software Inc has a 12 month low of $47.30 and a 12 month high of $87.60.
In related news, CEO Adam Selipsky sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $80.05, for a total transaction of $800,500.00. Following the completion of the transaction, the chief executive officer now owns 218,228 shares of the company’s stock, valued at $17,469,151.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Elissa Fink sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $76.59, for a total transaction of $191,475.00. Following the transaction, the insider now directly owns 69,844 shares of the company’s stock, valued at approximately $5,349,351.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 933,719 shares of company stock valued at $73,445,439. 24.76% of the stock is owned by corporate insiders.
Several brokerages have commented on DATA. Raymond James Financial began coverage on shares of Tableau Software in a research report on Wednesday, January 17th. They issued a “market perform” rating on the stock. Needham & Company LLC lifted their price objective on shares of Tableau Software to $113.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. UBS Group set a $108.00 price objective on shares of Tableau Software and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Robert W. Baird reaffirmed a “hold” rating and issued a $76.00 price objective on shares of Tableau Software in a research report on Sunday, November 19th. Finally, Zacks Investment Research lowered shares of Tableau Software from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Tableau Software currently has an average rating of “Hold” and an average target price of $81.26.
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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.
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