Meridian Wealth Management LLC acquired a new stake in shares of Tableau Software Inc (NYSE:DATA) during the first quarter, Holdings Channel reports. The fund acquired 3,132 shares of the software company’s stock, valued at approximately $399,000.

A number of other institutional investors also recently modified their holdings of DATA. FMR LLC increased its position in Tableau Software by 43.9% during the 4th quarter. FMR LLC now owns 3,984,077 shares of the software company’s stock valued at $478,089,000 after purchasing an additional 1,215,863 shares during the period. BlackRock Inc. increased its position in Tableau Software by 30.1% during the 1st quarter. BlackRock Inc. now owns 4,997,006 shares of the software company’s stock valued at $636,019,000 after purchasing an additional 1,155,835 shares during the period. Coatue Management LLC increased its position in Tableau Software by 63.2% during the 4th quarter. Coatue Management LLC now owns 2,412,405 shares of the software company’s stock valued at $289,489,000 after purchasing an additional 934,635 shares during the period. Norges Bank purchased a new position in Tableau Software during the 4th quarter valued at $88,709,000. Finally, Frontier Capital Management Co. LLC increased its position in Tableau Software by 18,501.8% during the 1st quarter. Frontier Capital Management Co. LLC now owns 536,291 shares of the software company’s stock valued at $68,259,000 after purchasing an additional 533,408 shares during the period. 88.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of DATA stock opened at $163.25 on Monday. Tableau Software Inc has a 12 month low of $92.01 and a 12 month high of $173.37. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.25.

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

A number of research analysts have issued reports on the stock. Citigroup downgraded shares of Tableau Software from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $156.00 to $178.00 in a research report on Wednesday, June 12th. First Analysis cut shares of Tableau Software from an “outperform” rating to a “neutral” rating and set a $164.06 target price on the stock. in a report on Wednesday, June 12th. Deutsche Bank cut shares of Tableau Software from a “buy” rating to a “hold” rating and set a $168.99 target price on the stock. in a report on Monday, June 10th. BTIG Research cut shares of Tableau Software from a “buy” rating to a “neutral” rating in a report on Monday, June 10th. Finally, Needham & Company LLC cut shares of Tableau Software from a “buy” rating to a “hold” rating in a report on Monday, June 10th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $141.29.

In related news, Director John Mcadam sold 15,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $121.17, for a total value of $1,817,550.00. Following the transaction, the director now owns 31,835 shares in the company, valued at approximately $3,857,446.95. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Adam Selipsky sold 5,668 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $114.62, for a total transaction of $649,666.16. Following the completion of the transaction, the insider now owns 227,047 shares in the company, valued at approximately $26,024,127.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,781 shares of company stock worth $6,962,045. 12.58% of the stock is currently owned by company insiders.

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Tableau Software Company 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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