The Bank of Montreal Can Acquires 90,100 Shares of Tableau Software Inc. (DATA)

The Bank of Montreal Can Acquires 90,100  Shares of Tableau Software Inc. (DATA)

Bank of Montreal Can bought a new position in Tableau Software Inc. (NYSE:DATA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 90,100 shares of the software company’s stock, valued at approximately $4,408,000.

Other hedge funds also recently modified their holdings of the company. Highland Private Wealth Management acquired a new position in Tableau Software during the first quarter worth $229,000. IBM Retirement Fund boosted its position in Tableau Software by 12.2% in the second quarter. IBM Retirement Fund now owns 5,549 shares of the software company’s stock worth $271,000 after buying an additional 604 shares in the last quarter. Creative Planning boosted its position in Tableau Software by 2,445.9% in the second quarter. Creative Planning now owns 5,601 shares of the software company’s stock worth $274,000 after buying an additional 5,381 shares in the last quarter. Hollencrest Securities LLC acquired a new position in Tableau Software during the second quarter worth $342,000. Finally, Credit Agricole S A boosted its position in Tableau Software by 1.3% in the first quarter. Credit Agricole S A now owns 8,099 shares of the software company’s stock worth $372,000 after buying an additional 102 shares in the last quarter. 70.66% of the stock is owned by institutional investors and hedge funds.

Tableau Software Inc. (NYSE:DATA) traded down 0.85% during trading on Thursday, hitting $48.93. The stock had a trading volume of 1,411,951 shares. Tableau Software Inc. has a 1-year low of $36.60 and a 1-year high of $104.92. The stock’s market cap is $3.68 billion. The firm’s 50-day moving average price is $55.57 and its 200-day moving average price is $52.35.

DATA has been the subject of a number of research analyst reports. Vetr upgraded Tableau Software from a “hold” rating to a “buy” rating and set a $58.48 price target for the company in a report on Monday, July 25th. Stifel Nicolaus increased their price target on Tableau Software from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Bank of America Corp. reiterated a “buy” rating and set a $75.00 price target on shares of Tableau Software in a report on Friday, August 5th. Rosenblatt Securities initiated coverage on Tableau Software in a report on Monday, August 8th. They set a “buy” rating and a $70.00 price target for the company. Finally, Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $62.00 price target on shares of Tableau Software in a report on Tuesday, August 23rd. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Tableau Software currently has an average rating of “Hold” and an average target price of $68.55.

In other news, VP Kelly Wright sold 1,025 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $54.53, for a total value of $55,893.25. Following the completion of the sale, the vice president now owns 304,937 shares of the company’s stock, valued at $16,628,214.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Thomas E. Walker, Jr. sold 40,000 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $60.00, for a total value of $2,400,000.00. Following the completion of the sale, the chief financial officer now directly owns 144,856 shares of the company’s stock, valued at approximately $8,691,360. The disclosure for this sale can be found here. Insiders own 28.98% of the company’s stock.

Tableau Software Company Profile

Tableau Software, Inc (Tableau) offers software products. The Company’s technologies include visual query language (VizQL), a visual query language that translates drag-and-drop actions into data queries and then expresses the information visually, and Hybrid Data Architecture, which combines the Company’s Live Query and In-Memory Data Engines technologies.

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