Allianz Asset Management GmbH Has $18.70 Million Position in Tableau Software, Inc. (DATA)

Allianz Asset Management GmbH lowered its position in shares of Tableau Software, Inc. (NYSE:DATA) by 9.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 249,669 shares of the software company’s stock after selling 24,936 shares during the quarter. Allianz Asset Management GmbH owned 0.31% of Tableau Software worth $18,698,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ETF Managers Group LLC bought a new position in Tableau Software in the second quarter valued at approximately $119,000. Invictus RG bought a new position in Tableau Software in the third quarter valued at approximately $123,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Tableau Software by 12.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,105 shares of the software company’s stock valued at $129,000 after buying an additional 231 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in Tableau Software by 164.4% in the second quarter. BNP Paribas Arbitrage SA now owns 2,266 shares of the software company’s stock valued at $139,000 after buying an additional 1,409 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Tableau Software by 7.9% in the second quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock valued at $140,000 after buying an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 81.71% of the company’s stock.

Shares of Tableau Software, Inc. (NYSE DATA) traded down $0.52 during mid-day trading on Wednesday, hitting $70.67. 516,800 shares of the stock were exchanged, compared to its average volume of 1,014,126. Tableau Software, Inc. has a twelve month low of $41.41 and a twelve month high of $82.32.

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

In other Tableau Software news, insider Christian Chabot sold 450,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $70.49, for a total transaction of $31,720,500.00. Following the sale, the insider now directly owns 231,820 shares of the company’s stock, valued at $16,340,991.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thomas E. Walker, Jr. sold 5,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $71.39, for a total transaction of $356,950.00. Following the sale, the chief financial officer now directly owns 137,478 shares in the company, valued at $9,814,554.42. The disclosure for this sale can be found here. Insiders have sold 692,286 shares of company stock worth $48,819,636 over the last ninety days. Insiders own 24.76% of the company’s stock.

A number of research analysts have weighed in on the stock. Jefferies Group cut their price target on shares of Tableau Software from $70.00 to $67.00 and set a “hold” rating on the stock in a research note on Friday, November 3rd. BMO Capital Markets lifted their price target on shares of Tableau Software from $70.00 to $77.00 and gave the company a “market perform” rating in a research note on Friday, November 3rd. They noted that the move was a valuation call. Morgan Stanley lifted their price target on shares of Tableau Software from $68.00 to $71.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. Mizuho reaffirmed a “hold” rating and issued a $68.00 price target on shares of Tableau Software in a research note on Thursday, November 2nd. Finally, Drexel Hamilton reaffirmed a “hold” rating on shares of Tableau Software in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Tableau Software presently has an average rating of “Hold” and an average target price of $72.11.

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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.

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

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