Canada Pension Plan Investment Board Sells 21,200 Shares of Tableau Software, Inc. (DATA)

Canada Pension Plan Investment Board cut its position in Tableau Software, Inc. (NYSE:DATA) by 15.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 113,200 shares of the software company’s stock after selling 21,200 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.14% of Tableau Software worth $8,478,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DATA. American Century Companies Inc. increased its holdings in shares of Tableau Software by 39.2% during the second quarter. American Century Companies Inc. now owns 1,091,341 shares of the software company’s stock valued at $66,866,000 after acquiring an additional 307,122 shares in the last quarter. Wellington Management Group LLP purchased a new stake in Tableau Software in the 1st quarter worth approximately $320,000. FMR LLC boosted its position in Tableau Software by 44.8% in the 2nd quarter. FMR LLC now owns 2,387,444 shares of the software company’s stock worth $146,279,000 after purchasing an additional 738,623 shares in the last quarter. Northern Trust Corp lifted its position in shares of Tableau Software by 5.8% during the 2nd quarter. Northern Trust Corp now owns 283,245 shares of the software company’s stock valued at $17,355,000 after buying an additional 15,561 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of Tableau Software by 10.0% during the 2nd quarter. New York State Common Retirement Fund now owns 132,440 shares of the software company’s stock valued at $8,115,000 after buying an additional 11,999 shares in the last quarter. Institutional investors and hedge funds own 77.86% of the company’s stock.

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Tableau Software, Inc. (DATA) opened at $72.15 on Friday. Tableau Software, Inc. has a 1 year low of $41.41 and a 1 year high of $82.32.

Tableau Software (NYSE:DATA) last issued its earnings results on Thursday, November 2nd. The software company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.07. The business had revenue of $214.90 million for the quarter, compared to analysts’ expectations of $219.43 million. Tableau Software had a negative return on equity of 20.89% and a negative net margin of 18.76%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 EPS. analysts forecast that Tableau Software, Inc. will post -1.63 EPS for the current year.

In related news, insider Chris Stolte sold 75,000 shares of Tableau Software stock in a transaction on Monday, August 14th. The stock was sold at an average price of $69.67, for a total value of $5,225,250.00. Following the transaction, the insider now directly owns 78,702 shares in the company, valued at approximately $5,483,168.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William Bosworth sold 450 shares of Tableau Software stock in a transaction on Monday, August 28th. The stock was sold at an average price of $71.52, for a total value of $32,184.00. Following the completion of the transaction, the director now owns 9,099 shares in the company, valued at $650,760.48. The disclosure for this sale can be found here. Insiders sold a total of 754,959 shares of company stock worth $53,209,376 over the last 90 days. Insiders own 28.98% of the company’s stock.

A number of research analysts have weighed in on DATA shares. Bank of America Corporation restated a “buy” rating and issued a $76.00 price objective on shares of Tableau Software in a report on Monday, July 17th. ValuEngine downgraded Tableau Software from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Maxim Group reissued a “sell” rating and set a $30.00 price objective on shares of Tableau Software in a research report on Tuesday, July 25th. BidaskClub downgraded Tableau Software from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded Tableau Software from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $70.87.

Tableau Software Company 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.

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

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