Tableau Software (NYSE:DATA) Rating Downgrade

Tableau Software (NYSE:DATA)’s Stock was lowered to Sector Weight by research professionals at KeyBanc. DATA’s Overweight rating is no longer valid.

The stock downgrade was noticed by stock investors, as NYSE:DATA is right now trading -0.24% lower at $70.19 as of 10:03 AM New York time. Tableau Software’s stock is 0% in the last 200 days. It has underperformed the S&P500, which has increased 6.00% in the same time period.

Out of 31 brokers covering Tableau Software, 20 rate it a Buy, 12 indicate a Hold while 1 suggest a Sell. The highest target is $110 and the lowest is $40 according to Thomson/First Call. The 12-month mean target is $66.94, which means downside potential of 4.63% over the current price.

Institutional Ownership

Meritech Capital Associates Iii L.L.C. had the biggest stake with ownership of 510,228 shares as of q2 2015 for 25.02% of the stocks portfolio. Hmi Capital Llc is another notably bullish investment manager who is having 904,661 shares of Tableau Software or 8.32% of their stocks portfolio. Also, Brookside Capital Management Llc have 7.02% of their stocks portfolio invested in the company for 1.96 million shares. The Massachusetts-based fund Altimeter Capital Management Lp disclosed it had bought a stake worth about 4.08% of the investment manager’s stock portfolio in Tableau Software. The New York-based fund Cadian Capital Management Lp is also positive about the stock, possessing 1.12 million shares or 3.67% of their stocks portfolio.

Tableau Software (NYSE:DATA) Profile

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.

Tableau Software (NYSE:DATA) traded down -0.24% on 4 January, hitting $70.19. A total of 858,531 shares of the company’s stock traded hands. This is down from average of 1.00 million shares. Tableau Software has a 52 week low of $41.41 and a 52 week high of $82.32. The company has a market cap of $5.59 billion and a P/E ratio of 0.

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