The Emerald Acquisition Ltd. Acquires 16,770 Shares of Tableau Software Inc. (DATA)

The Emerald Acquisition Ltd. Acquires 16,770  Shares of Tableau Software Inc. (DATA)

Emerald Acquisition Ltd. purchased a new position in shares of Tableau Software Inc. (NYSE:DATA) during the second quarter, Holdings Channel reports. The institutional investor purchased 16,770 shares of the software company’s stock, valued at approximately $821,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Highland Private Wealth Management purchased a new stake in Tableau Software during the first quarter worth approximately $229,000. IBM Retirement Fund boosted its stake 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 during the period. Creative Planning boosted its stake 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 during the period. Societe Generale purchased a new stake in Tableau Software during the second quarter worth approximately $281,000. Finally, Strs Ohio boosted its stake in Tableau Software by 467.6% in the second quarter. Strs Ohio now owns 6,187 shares of the software company’s stock worth $302,000 after buying an additional 5,097 shares during the period. 70.66% of the stock is currently owned by hedge funds and other institutional investors.

Tableau Software Inc. (NYSE:DATA) traded down 1.13% during mid-day trading on Thursday, hitting $48.79. The stock had a trading volume of 683,564 shares. The stock’s market cap is $3.67 billion. Tableau Software Inc. has a 52-week low of $36.60 and a 52-week high of $104.92. The firm has a 50-day moving average of $55.57 and a 200-day moving average of $52.35.

A number of analysts have commented on the company. Zacks Investment Research upgraded Tableau Software from a “sell” rating to a “hold” rating in a research report on Tuesday, October 4th. Oppenheimer Holdings Inc. set a $62.00 price target on Tableau Software and gave the stock a “buy” rating in a research report on Wednesday, September 14th. Vetr upgraded Tableau Software from a “buy” rating to a “strong-buy” rating and set a $62.89 price target for the company in a research report on Tuesday, September 13th. RBC Capital Markets cut Tableau Software from an “outperform” rating to a “sector perform” rating and set a $65.00 price target for the company. in a research report on Thursday, August 25th. Finally, Royal Bank Of Canada cut Tableau Software from an “outperform” rating to a “sector perform” rating and set a $65.00 price target for the company. in a research report on Thursday, August 25th. Three investment 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. The company presently has a consensus rating of “Hold” and a consensus target price of $68.55.

In other Tableau Software news, CFO Thomas E. Walker, Jr. sold 40,000 shares of the company’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $60.00, for a total transaction of $2,400,000.00. Following the transaction, the chief financial officer now directly owns 144,856 shares in the company, valued at $8,691,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kelly Wright sold 1,025 shares of the company’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 transaction, the vice president now owns 304,937 shares in the company, valued at $16,628,214.61. The disclosure for this sale can be found here. 28.98% of the stock is owned by corporate insiders.

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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