Tableau Software (NYSE:DATA) had its target price hoisted by Bank of America from $130.00 to $140.00 in a report issued on Wednesday morning, Marketbeat Ratings reports. Bank of America currently has a buy rating on the software company’s stock.

DATA has been the subject of several other reports. Citigroup reissued a buy rating on shares of Tableau Software in a research note on Tuesday, July 31st. Maxim Group lifted their target price on Tableau Software from $107.00 to $127.00 and gave the company a hold rating in a research note on Wednesday. UBS Group lifted their target price on Tableau Software from $95.00 to $114.00 and gave the company a neutral rating in a research note on Thursday, August 2nd. Stifel Nicolaus lifted their target price on Tableau Software from $115.00 to $120.00 and gave the company a buy rating in a research note on Monday, July 16th. Finally, Barclays lifted their target price on Tableau Software from $104.00 to $114.00 and gave the company an overweight rating in a research note on Thursday, July 12th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $116.27.

DATA stock traded down $0.56 during midday trading on Wednesday, reaching $120.60. 105,682 shares of the company’s stock traded hands, compared to its average volume of 944,357. Tableau Software has a 1-year low of $68.37 and a 1-year high of $124.86. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of -51.47 and a beta of 1.34.

Tableau Software (NYSE:DATA) last released its quarterly earnings results on Tuesday, November 6th. The software company reported ($0.82) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.67) by ($0.15). Tableau Software had a negative net margin of 22.39% and a negative return on equity of 26.14%. The business had revenue of $239.60 million for the quarter, compared to analyst estimates of $242.19 million. During the same period in the prior year, the business earned $0.08 earnings per share. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, equities research analysts forecast that Tableau Software will post -2.71 earnings per share for the current year.

In related news, Director William Bosworth sold 324 shares of Tableau Software stock in a transaction on Friday, August 24th. The stock was sold at an average price of $103.64, for a total transaction of $33,579.36. Following the completion of the sale, the director now directly owns 10,027 shares of the company’s stock, valued at $1,039,198.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Adam Selipsky sold 3,400 shares of Tableau Software stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $112.31, for a total value of $381,854.00. Following the sale, the insider now directly owns 263,428 shares of the company’s stock, valued at $29,585,598.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 216,672 shares of company stock valued at $22,674,095. 28.98% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in DATA. Dimensional Fund Advisors LP grew its stake in shares of Tableau Software by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 171,753 shares of the software company’s stock worth $13,881,000 after purchasing an additional 6,167 shares during the period. LPL Financial LLC acquired a new stake in shares of Tableau Software during the first quarter worth $206,000. Legal & General Group Plc grew its stake in shares of Tableau Software by 5.2% during the first quarter. Legal & General Group Plc now owns 35,020 shares of the software company’s stock worth $2,830,000 after purchasing an additional 1,740 shares during the period. Royal Bank of Canada grew its stake in shares of Tableau Software by 537.8% during the first quarter. Royal Bank of Canada now owns 30,282 shares of the software company’s stock worth $2,449,000 after purchasing an additional 25,534 shares during the period. Finally, Allianz Asset Management GmbH grew its stake in shares of Tableau Software by 29.2% during the first quarter. Allianz Asset Management GmbH now owns 284,393 shares of the software company’s stock worth $22,984,000 after purchasing an additional 64,205 shares during the period. 82.67% of the stock is owned by institutional investors and hedge funds.

About Tableau Software

Tableau Software, Inc provides business analytics software products. It offers Tableau Desktop, an analytics product that empowers people to access and analyze data; and Tableau Server, a business intelligence platform with data management and scalability to foster sharing of analytics, as well as to enhance the dissemination of information in an organization and promote decision-making.

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