Tableau Software Inc (NYSE:DATA) Shares Sold by Westfield Capital Management Co. LP

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Westfield Capital Management Co. LP trimmed its holdings in shares of Tableau Software Inc (NYSE:DATA) by 4.0% in the 1st quarter, Holdings Channel reports. The firm owned 283,827 shares of the software company’s stock after selling 11,729 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Tableau Software were worth $36,126,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DATA. American International Group Inc. increased its stake in shares of Tableau Software by 5.4% during the fourth quarter. American International Group Inc. now owns 1,727 shares of the software company’s stock valued at $207,000 after buying an additional 89 shares during the period. Clarius Group LLC increased its stake in shares of Tableau Software by 4.4% during the fourth quarter. Clarius Group LLC now owns 2,186 shares of the software company’s stock valued at $262,000 after buying an additional 92 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Tableau Software by 2.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 3,988 shares of the software company’s stock valued at $479,000 after buying an additional 94 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of Tableau Software by 1.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,494 shares of the software company’s stock valued at $659,000 after buying an additional 98 shares during the period. Finally, Utah Retirement Systems increased its stake in shares of Tableau Software by 0.8% during the fourth quarter. Utah Retirement Systems now owns 13,100 shares of the software company’s stock valued at $1,572,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 88.66% of the company’s stock.

In other news, insider Adam Selipsky sold 11,828 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $122.08, for a total transaction of $1,443,962.24. Following the sale, the insider now owns 239,813 shares in the company, valued at $29,276,371.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Mcadam sold 15,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $121.17, for a total value of $1,817,550.00. Following the sale, the director now owns 31,835 shares in the company, valued at approximately $3,857,446.95. The disclosure for this sale can be found here. Insiders have sold 57,781 shares of company stock worth $6,962,045 in the last 90 days. Insiders own 12.58% of the company’s stock.

DATA has been the topic of several research reports. Bank of America restated a “buy” rating and set a $160.00 price target (up previously from $152.00) on shares of Tableau Software in a research note on Friday, May 3rd. KeyCorp reiterated a “buy” rating and issued a $158.00 target price on shares of Tableau Software in a research note on Friday, May 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $156.00 target price on shares of Tableau Software in a research note on Friday, May 3rd. ValuEngine lowered Tableau Software from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 1st. Finally, Goldman Sachs Group started coverage on Tableau Software in a research note on Friday, June 7th. They issued a “buy” rating and a $146.00 target price on the stock. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Tableau Software currently has an average rating of “Hold” and a consensus target price of $141.29.

DATA traded down $1.42 on Friday, hitting $163.96. The company had a trading volume of 35,149 shares, compared to its average volume of 2,282,217. Tableau Software Inc has a 12-month low of $92.01 and a 12-month high of $173.37. The firm has a market capitalization of $14.20 billion, a PE ratio of -51.40 and a beta of 1.19. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.62 and a quick ratio of 2.62.

Tableau Software (NYSE:DATA) last issued its quarterly earnings results on Thursday, May 2nd. The software company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.58) by $0.60. Tableau Software had a negative return on equity of 25.93% and a negative net margin of 27.58%. The business had revenue of $282.50 million for the quarter, compared to analyst estimates of $287.24 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The company’s revenue was up 14.7% on a year-over-year basis. As a group, sell-side analysts expect that Tableau Software Inc will post -0.76 EPS for the current year.

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Tableau Software Profile

Tableau Software, Inc, together with its subsidiaries, provides business analytics software products. It offers Tableau Desktop, a self-service, powerful analytics product with data; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service version of Tableau Server; Tableau Prep, a data preparation product for combining, shaping, and cleaning data; and Tableau Public, a cloud-based platform for analyzing and sharing public data.

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

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