Sterling Capital Management LLC Has $5.40 Million Stake in Tableau Software Inc (DATA)

Sterling Capital Management LLC grew its stake in Tableau Software Inc (NYSE:DATA) by 13.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,959 shares of the software company’s stock after purchasing an additional 8,985 shares during the period. Sterling Capital Management LLC owned approximately 0.10% of Tableau Software worth $5,395,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DATA. The Manufacturers Life Insurance Company lifted its stake in shares of Tableau Software by 7.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock valued at $140,000 after purchasing an additional 167 shares during the last quarter. Prudential Financial Inc. bought a new stake in shares of Tableau Software in the 3rd quarter valued at approximately $257,000. Principal Financial Group Inc. bought a new stake in shares of Tableau Software in the 3rd quarter valued at approximately $717,000. New York State Common Retirement Fund lifted its stake in shares of Tableau Software by 1.8% in the 3rd quarter. New York State Common Retirement Fund now owns 134,800 shares of the software company’s stock valued at $10,095,000 after purchasing an additional 2,360 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Tableau Software by 5.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 233,562 shares of the software company’s stock valued at $17,492,000 after purchasing an additional 11,957 shares during the last quarter. 82.90% of the stock is owned by institutional investors and hedge funds.

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In other news, Chairman Christian Chabot sold 450,000 shares of Tableau Software stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $78.23, for a total value of $35,203,500.00. Following the transaction, the chairman now directly owns 453,536 shares in the company, valued at approximately $35,480,121.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Pat Hanrahan sold 400,000 shares of Tableau Software stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $78.50, for a total value of $31,400,000.00. The disclosure for this sale can be found here. Insiders sold a total of 933,719 shares of company stock worth $73,445,439 over the last quarter. Company insiders own 28.98% of the company’s stock.

A number of equities research analysts recently issued reports on the company. Bank of America raised their price target on Tableau Software from $90.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus reissued a “buy” rating and set a $95.00 price target on shares of Tableau Software in a research note on Friday, February 2nd. Needham & Company LLC raised their price target on Tableau Software to $113.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. UBS set a $108.00 price target on Tableau Software and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Finally, Morgan Stanley raised their price target on Tableau Software from $76.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $82.92.

Shares of Tableau Software Inc (DATA) opened at $82.80 on Friday. The firm has a market capitalization of $6,857.09, a price-to-earnings ratio of -35.08 and a beta of 0.79. Tableau Software Inc has a 1 year low of $47.50 and a 1 year high of $87.60.

Tableau Software (NYSE:DATA) last issued its earnings results on Thursday, February 1st. The software company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.09. Tableau Software had a negative return on equity of 23.84% and a negative net margin of 21.16%. The business had revenue of $249.40 million during the quarter, compared to analyst estimates of $240.63 million. During the same period in the previous year, the company posted $0.26 EPS. Tableau Software’s revenue was down .5% on a year-over-year basis. equities analysts predict that Tableau Software Inc will post -1.95 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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