State of Tennessee Treasury Department reduced its stake in shares of Tableau Software, Inc. (NYSE:DATA) by 41.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,800 shares of the software company’s stock after selling 39,200 shares during the quarter. State of Tennessee Treasury Department owned approximately 0.07% of Tableau Software worth $3,419,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. AXA purchased a new stake in Tableau Software in the first quarter worth about $2,478,000. Champlain Investment Partners LLC lifted its stake in Tableau Software by 10.5% in the first quarter. Champlain Investment Partners LLC now owns 1,275,155 shares of the software company’s stock worth $63,184,000 after acquiring an additional 121,255 shares during the period. Hollencrest Securities LLC lifted its stake in Tableau Software by 19.6% in the second quarter. Hollencrest Securities LLC now owns 17,027 shares of the software company’s stock worth $1,043,000 after acquiring an additional 2,793 shares during the period. Wellington Management Group LLP purchased a new stake in Tableau Software in the first quarter worth about $320,000. Finally, American Century Companies Inc. lifted its stake in Tableau Software by 39.2% in the second quarter. American Century Companies Inc. now owns 1,091,341 shares of the software company’s stock worth $66,866,000 after acquiring an additional 307,122 shares during the period. 78.00% of the stock is owned by hedge funds and other institutional investors.

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A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Tableau Software from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Deutsche Bank AG upped their price objective on shares of Tableau Software from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. ValuEngine lowered shares of Tableau Software from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Barclays PLC reaffirmed an “overweight” rating and issued a $76.00 price objective (up from $72.00) on shares of Tableau Software in a research note on Thursday, August 3rd. Finally, BidaskClub raised shares of Tableau Software from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. Tableau Software has a consensus rating of “Hold” and a consensus target price of $64.82.

In related news, Chairman Christian Chabot sold 193,500 shares of Tableau Software stock in a transaction on Monday, August 7th. The stock was sold at an average price of $70.72, for a total transaction of $13,684,320.00. Following the completion of the sale, the chairman now owns 197,203 shares of the company’s stock, valued at $13,946,196.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Chris Stolte sold 225,000 shares of Tableau Software stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $70.59, for a total value of $15,882,750.00. Following the sale, the insider now directly owns 153,702 shares of the company’s stock, valued at approximately $10,849,824.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,160,559 shares of company stock valued at $81,744,364. 28.98% of the stock is currently owned by insiders.

Tableau Software, Inc. (NYSE:DATA) opened at 75.41 on Thursday. The firm has a 50-day moving average price of $69.99 and a 200-day moving average price of $60.41. The stock’s market cap is $5.96 billion. Tableau Software, Inc. has a one year low of $41.41 and a one year high of $76.27.

Tableau Software (NYSE:DATA) last issued its earnings results on Wednesday, August 2nd. The software company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.15. The business had revenue of $212.90 million during the quarter, compared to analysts’ expectations of $210.72 million. Tableau Software had a negative return on equity of 18.71% and a negative net margin of 17.08%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts predict that Tableau Software, Inc. will post $0.22 earnings per share for the current year.

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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