Bank of New York Mellon Corp Purchases 13,248 Shares of Tableau Software, Inc. (DATA)
Bank of New York Mellon Corp increased its position in Tableau Software, Inc. (NYSE:DATA) by 6.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 221,605 shares of the software company’s stock after buying an additional 13,248 shares during the quarter. Bank of New York Mellon Corp owned 0.28% of Tableau Software worth $13,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in DATA. Swiss National Bank increased its stake in shares of Tableau Software by 1.6% in the first quarter. Swiss National Bank now owns 95,125 shares of the software company’s stock valued at $4,713,000 after buying an additional 1,500 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Tableau Software by 9.5% in the first quarter. UBS Asset Management Americas Inc. now owns 33,185 shares of the software company’s stock valued at $1,644,000 after buying an additional 2,887 shares during the period. Karp Capital Management Corp acquired a new position in shares of Tableau Software in the first quarter valued at approximately $200,000. Sei Investments Co. increased its stake in shares of Tableau Software by 60.3% in the first quarter. Sei Investments Co. now owns 68,208 shares of the software company’s stock valued at $3,379,000 after buying an additional 25,661 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of Tableau Software by 741.2% in the first quarter. Pacer Advisors Inc. now owns 8,908 shares of the software company’s stock valued at $441,000 after buying an additional 7,849 shares during the period. 77.61% of the stock is owned by institutional investors.
In other Tableau Software news, EVP Keenan Michael Conder sold 6,800 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $68.22, for a total value of $463,896.00. Following the sale, the executive vice president now directly owns 86,164 shares of the company’s stock, valued at $5,878,108.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam Selipsky sold 3,200 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $72.15, for a total value of $230,880.00. Following the completion of the sale, the insider now directly owns 213,030 shares in the company, valued at $15,370,114.50. The disclosure for this sale can be found here. Insiders sold 1,160,559 shares of company stock worth $81,744,364 over the last three months. Corporate insiders own 28.98% of the company’s stock.
Shares of Tableau Software, Inc. (NYSE DATA) opened at 75.58 on Friday. The company has a 50-day moving average price of $71.50 and a 200-day moving average price of $61.23. The stock’s market capitalization is $5.98 billion. Tableau Software, Inc. has a 52-week low of $41.41 and a 52-week high of $76.30.
Tableau Software (NYSE:DATA) last released 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. Tableau Software had a negative return on equity of 18.71% and a negative net margin of 17.08%. The business had revenue of $212.90 million for the quarter, compared to the consensus estimate of $210.72 million. Tableau Software’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities analysts anticipate that Tableau Software, Inc. will post $0.22 earnings per share for the current year.
Several research analysts have recently issued reports on the company. Zacks Investment Research downgraded Tableau Software from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Deutsche Bank AG upped their target price on Tableau Software from $65.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. ValuEngine cut Tableau Software from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Barclays PLC reiterated an “overweight” rating and issued a $76.00 target price (up from $72.00) on shares of Tableau Software in a report on Thursday, August 3rd. Finally, BidaskClub upgraded Tableau Software from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $65.46.
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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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