Polar Asset Management Partners Inc. Acquires Shares of 20,000 Tableau Software Inc (NYSE:DATA)

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Polar Asset Management Partners Inc. acquired a new stake in shares of Tableau Software Inc (NYSE:DATA) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 20,000 shares of the software company’s stock, valued at approximately $3,320,000.

Other hedge funds have also recently bought and sold shares of the company. Balyasny Asset Management LLC purchased a new stake in shares of Tableau Software in the second quarter worth approximately $25,275,000. Omni Partners LLP purchased a new stake in shares of Tableau Software in the second quarter worth approximately $76,152,000. Cowen Inc. purchased a new stake in shares of Tableau Software in the second quarter worth approximately $63,525,000. Vanguard Group Inc. lifted its position in shares of Tableau Software by 0.8% in the second quarter. Vanguard Group Inc. now owns 6,853,594 shares of the software company’s stock worth $1,137,835,000 after purchasing an additional 57,474 shares in the last quarter. Finally, DLD Asset Management LP purchased a new stake in shares of Tableau Software in the second quarter worth approximately $20,968,000. 88.84% of the stock is owned by institutional investors.

NYSE:DATA remained flat at $$169.53 during mid-day trading on Thursday. The stock’s 50 day simple moving average is $169.64 and its 200-day simple moving average is $146.28. Tableau Software Inc has a 52 week low of $94.81 and a 52 week high of $177.59. The company has a market cap of $14.61 billion, a P/E ratio of -53.14 and a beta of 1.49. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.25.

A number of research firms have recently issued reports on DATA. Deutsche Bank lowered shares of Tableau Software from a “buy” rating to a “hold” rating and set a $168.99 price target for the company. in a research report on Monday, June 10th. Citigroup lowered shares of Tableau Software from a “buy” rating to a “neutral” rating and increased their price target for the stock from $156.00 to $178.00 in a research report on Wednesday, June 12th. Sanford C. Bernstein lowered shares of Tableau Software from an “outperform” rating to a “market perform” rating and set a $167.00 price target for the company. in a research report on Tuesday, July 2nd. Needham & Company LLC lowered shares of Tableau Software from a “buy” rating to a “hold” rating in a research report on Monday, June 10th. Finally, First Analysis lowered shares of Tableau Software from an “outperform” rating to a “neutral” rating and set a $164.06 price target for the company. in a research report on Wednesday, June 12th. Fourteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $148.38.

About Tableau Software

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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