Pentwater Capital Management LP Acquires Shares of 603,416 Tableau Software Inc (NYSE:DATA)

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Pentwater Capital Management LP acquired a new stake in shares of Tableau Software Inc (NYSE:DATA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 603,416 shares of the software company’s stock, valued at approximately $100,179,000. Tableau Software makes up about 1.1% of Pentwater Capital Management LP’s investment portfolio, making the stock its 16th largest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. California State Teachers Retirement System lifted its holdings in Tableau Software by 10.1% during the second quarter. California State Teachers Retirement System now owns 124,338 shares of the software company’s stock valued at $20,643,000 after purchasing an additional 11,362 shares in the last quarter. Vivaldi Capital Management LLC purchased a new position in Tableau Software during the second quarter valued at $1,206,000. Morgan Stanley lifted its holdings in Tableau Software by 120.9% during the second quarter. Morgan Stanley now owns 348,276 shares of the software company’s stock valued at $57,821,000 after purchasing an additional 190,587 shares in the last quarter. Alberta Investment Management Corp purchased a new position in Tableau Software during the second quarter valued at $8,965,000. Finally, AQR Capital Management LLC lifted its holdings in Tableau Software by 121.0% during the second quarter. AQR Capital Management LLC now owns 40,322 shares of the software company’s stock valued at $6,694,000 after purchasing an additional 22,079 shares in the last quarter. 88.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:DATA remained flat at $$169.53 during midday trading on Friday. The business has a 50-day moving average price of $169.58 and a two-hundred day moving average price of $146.46. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.62 and a current ratio of 2.62. The company has a market cap of $14.61 billion, a P/E ratio of -53.14 and a beta of 1.49. Tableau Software Inc has a 52-week low of $94.81 and a 52-week high of $177.59.

Several equities analysts have issued reports on DATA shares. Sanford C. Bernstein downgraded shares of Tableau Software from an “outperform” rating to a “market perform” rating and set a $167.00 price objective on the stock. in a report on Tuesday, July 2nd. Deutsche Bank downgraded shares of Tableau Software from a “buy” rating to a “hold” rating and set a $168.99 price objective on the stock. in a report on Monday, June 10th. BTIG Research downgraded shares of Tableau Software from a “buy” rating to a “neutral” rating in a report on Monday, June 10th. Goldman Sachs Group started coverage on shares of Tableau Software in a report on Friday, June 7th. They set a “buy” rating and a $146.00 price objective on the stock. Finally, Needham & Company LLC downgraded shares of Tableau Software from a “buy” rating to a “hold” rating in a report on Monday, June 10th. Fourteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $148.38.

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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