Westfield Capital Management Co. LP Buys 33,237 Shares of Tableau Software, Inc. (DATA)

Westfield Capital Management Co. LP grew its stake in shares of Tableau Software, Inc. (NYSE:DATA) by 8.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 437,721 shares of the software company’s stock after purchasing an additional 33,237 shares during the period. Westfield Capital Management Co. LP owned about 0.56% of Tableau Software worth $26,819,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of DATA. Westpac Banking Corp bought a new position in shares of Tableau Software in the first quarter valued at approximately $126,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of 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 acquiring an additional 231 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of 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 acquiring an additional 1,409 shares in the last quarter. FNY Partners Fund LP grew its holdings in shares of Tableau Software by 14,900.0% in the first quarter. FNY Partners Fund LP now owns 3,000 shares of the software company’s stock valued at $148,000 after acquiring an additional 2,980 shares in the last quarter. Finally, Karp Capital Management Corp bought a new position in shares of Tableau Software in the first quarter valued at approximately $200,000. 77.61% of the stock is owned by hedge funds and other institutional investors.

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DATA has been the subject of several recent analyst reports. Sanford C. Bernstein initiated coverage on Tableau Software in a report on Wednesday, May 24th. They issued an “outperform” rating and a $79.00 target price for the company. UBS AG reaffirmed a “buy” rating and issued a $68.00 target price (up from $60.00) on shares of Tableau Software in a report on Thursday, May 25th. Wedbush reduced their target price on Tableau Software from $74.00 to $64.00 and set an “outperform” rating for the company in a report on Friday, May 26th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $65.00 target price on shares of Tableau Software in a report on Friday, May 26th. Finally, Barclays PLC upped their target price on Tableau Software from $60.00 to $72.00 and gave the company an “overweight” rating in a report on Tuesday, May 30th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Tableau Software has a consensus rating of “Hold” and an average price target of $64.82.

In related news, insider Adam Selipsky sold 3,200 shares of Tableau Software stock in a transaction on Friday, September 1st. The shares were sold at an average price of $72.28, for a total transaction of $231,296.00. Following the transaction, the insider now owns 216,230 shares in the company, valued at approximately $15,629,104.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Chris Stolte sold 225,000 shares of Tableau Software stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $70.59, for a total transaction of $15,882,750.00. Following the transaction, the insider now owns 153,702 shares in the company, valued at approximately $10,849,824.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,160,559 shares of company stock worth $81,744,364. 28.98% of the stock is owned by corporate insiders.

Shares of Tableau Software, Inc. (DATA) traded up 1.44% during midday trading on Monday, hitting $76.10. The company had a trading volume of 34,369 shares. The stock has a 50 day moving average price of $70.87 and a 200 day moving average price of $60.77. Tableau Software, Inc. has a 1-year low of $41.41 and a 1-year high of $76.27. The firm’s market capitalization is $6.02 billion.

Tableau Software (NYSE:DATA) last released its earnings results on Wednesday, August 2nd. The software company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.15. Tableau Software had a negative net margin of 17.08% and a negative return on equity of 18.71%. The company had revenue of $212.90 million for the quarter, compared to analysts’ expectations of $210.72 million. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts anticipate that Tableau Software, Inc. will post $0.22 EPS for the current fiscal year.

About Tableau Software

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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