Tableau Software’s (DATA) Hold Rating Reaffirmed at Jefferies Group LLC

Jefferies Group LLC restated their hold rating on shares of Tableau Software, Inc. (NYSE:DATA) in a research report released on Sunday morning. The brokerage currently has a $58.00 target price on the software company’s stock.

DATA has been the topic of a number of other reports. Zacks Investment Research lowered Tableau Software from a buy rating to a hold rating in a report on Thursday, September 7th. Deutsche Bank AG boosted their price target on Tableau Software from $65.00 to $70.00 and gave the company a hold rating in a report on Thursday, August 3rd. ValuEngine lowered Tableau Software from a hold rating to a sell rating in a report on Thursday, July 20th. Barclays PLC restated an overweight rating and issued a $76.00 price target (up from $72.00) on shares of Tableau Software in a report on Thursday, August 3rd. Finally, BidaskClub upgraded Tableau Software from a buy rating to a strong-buy rating in a report on Saturday, August 26th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $65.96.

Tableau Software (NYSE:DATA) opened at 77.38 on Friday. The firm’s market capitalization is $6.12 billion. The firm has a 50-day moving average price of $73.86 and a 200 day moving average price of $63.47. Tableau Software has a 12 month low of $41.41 and a 12 month high of $77.47.

Tableau Software (NYSE:DATA) last issued its quarterly earnings results on Wednesday, August 2nd. The software company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.15. The company had revenue of $212.90 million for the quarter, compared to analyst estimates of $210.72 million. Tableau Software had a negative return on equity of 18.71% and a negative net margin of 17.08%. Tableau Software’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts forecast that Tableau Software will post $0.23 EPS for the current year.

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

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Tableau Software by 10.6% in the second quarter. Vanguard Group Inc. now owns 4,692,183 shares of the software company’s stock valued at $287,489,000 after buying an additional 450,910 shares during the period. BlackRock Inc. boosted its stake in shares of Tableau Software by 9.0% in the second quarter. BlackRock Inc. now owns 2,672,716 shares of the software company’s stock valued at $163,756,000 after buying an additional 220,387 shares during the period. FMR LLC boosted its stake in shares of Tableau Software by 44.8% in the second quarter. FMR LLC now owns 2,387,444 shares of the software company’s stock valued at $146,279,000 after buying an additional 738,623 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Tableau Software by 131.7% in the first quarter. Renaissance Technologies LLC now owns 1,703,500 shares of t

DATA has been the topic of a number of other reports. Zacks Investment Research lowered Tableau Software from a buy rating to a hold rating in a report on Thursday, September 7th. Deutsche Bank AG boosted their price target on Tableau Software from $65.00 to $70.00 and gave the company a hold rating in a report on Thursday, August 3rd. ValuEngine lowered Tableau Software from a hold rating to a sell rating in a report on Thursday, July 20th. Barclays PLC restated an overweight rating and issued a $76.00 price target (up from $72.00) on shares of Tableau Software in a report on Thursday, August 3rd. Finally, BidaskClub upgraded Tableau Software from a buy rating to a strong-buy rating in a report on Saturday, August 26th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $65.96.

Tableau Software (NYSE:DATA) opened at 77.38 on Friday. The firm’s market capitalization is $6.12 billion. The firm has a 50-day moving average price of $73.86 and a 200 day moving average price of $63.47. Tableau Software has a 12 month low of $41.41 and a 12 month high of $77.47.

Tableau Software (NYSE:DATA) last issued its quarterly earnings results on Wednesday, August 2nd. The software company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.15. The company had revenue of $212.90 million for the quarter, compared to analyst estimates of $210.72 million. Tableau Software had a negative return on equity of 18.71% and a negative net margin of 17.08%. Tableau Software’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts forecast that Tableau Software will post $0.23 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This article was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://ledgergazette.com/2017/10/09/tableau-softwares-data-hold-rating-reaffirmed-at-jefferies-group-llc.html.

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

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Tableau Software by 10.6% in the second quarter. Vanguard Group Inc. now owns 4,692,183 shares of the software company’s stock valued at $287,489,000 after buying an additional 450,910 shares during the period. BlackRock Inc. boosted its stake in shares of Tableau Software by 9.0% in the second quarter. BlackRock Inc. now owns 2,672,716 shares of the software company’s stock valued at $163,756,000 after buying an additional 220,387 shares during the period. FMR LLC boosted its stake in shares of Tableau Software by 44.8% in the second quarter. FMR LLC now owns 2,387,444 shares of the software company’s stock valued at $146,279,000 after buying an additional 738,623 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Tableau Software by 131.7% in the first quarter. Renaissance Technologies LLC now owns 1,703,500 shares of the software company’s stock valued at $84,408,000 after buying an additional 968,400 shares during the period. Finally, Artisan Partners Limited Partnership bought a new stake in shares of Tableau Software in the second quarter valued at approximately $85,555,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

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.

Analyst Recommendations for Tableau Software (NYSE:DATA)

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