As Tableau Software (DATA) Share Price Rose, Cadian Capital Management LP Has Boosted Stake; Wells Fargo & Co En (WFC) Shareholder Hexavest Has Upped Holding by $877,320

April 22, 2018 - By Nellie Frank

Tableau Software, Inc. (NYSE:DATA) Logo

Eric Bannasch increased its stake in Tableau Software Inc (DATA) by 11.08% based on its latest 2017Q4 regulatory filing with the SEC. Cadian Capital Management Lp bought 161,790 shares as the company’s stock rose 16.11% while stock markets declined. The hedge fund run by Eric Bannasch held 1.62 million shares of the technology company at the end of 2017Q4, valued at $112.23 million, up from 1.46 million at the end of the previous reported quarter. Cadian Capital Management Lp who had been investing in Tableau Software Inc for a number of months, seems to be bullish on the $6.83B market cap company. The stock decreased 0.68% or $0.57 during the last trading session, reaching $83.82. About 694,516 shares traded. Tableau Software, Inc. (NYSE:DATA) has risen 69.12% since April 22, 2017 and is uptrending. It has outperformed by 57.57% the S&P500.

Hexavest Inc increased its stake in Wells Fargo & Co En (WFC) by 2.67% based on its latest 2017Q4 regulatory filing with the SEC. Hexavest Inc bought 14,622 shares as the company’s stock declined 16.98% with the market. The hedge fund held 562,128 shares of the major banks company at the end of 2017Q4, valued at $34.10 million, up from 547,506 at the end of the previous reported quarter. Hexavest Inc who had been investing in Wells Fargo & Co En for a number of months, seems to be bullish on the $256.17 billion market cap company. The stock increased 1.98% or $1.02 during the last trading session, reaching $52.56. About 31.15 million shares traded or 28.97% up from the average. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since April 22, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Cadian Capital Management Lp, which manages about $5.56B and $1.64 billion US Long portfolio, decreased its stake in Palo Alto Networks Inc (NYSE:PANW) by 75,199 shares to 1.21M shares, valued at $175.25 million in 2017Q4, according to the filing. It also reduced its holding in Zayo Group Hldgs Inc (NYSE:ZAYO) by 1.31M shares in the quarter, leaving it with 2.73 million shares, and cut its stake in Altaba Inc.

Among 44 analysts covering Tableau Software (NYSE:DATA), 19 have Buy rating, 3 Sell and 22 Hold. Therefore 43% are positive. Tableau Software had 142 analyst reports since July 24, 2015 according to SRatingsIntel. The company was maintained on Wednesday, October 11 by Stifel Nicolaus. The stock of Tableau Software, Inc. (NYSE:DATA) earned “Underweight” rating by Mitsubishi UFJ on Wednesday, January 13. The firm earned “Neutral” rating on Friday, December 11 by Goldman Sachs. Wedbush maintained Tableau Software, Inc. (NYSE:DATA) on Friday, September 18 with “Outperform” rating. The rating was maintained by UBS on Thursday, November 9 with “Buy”. Jefferies maintained Tableau Software, Inc. (NYSE:DATA) rating on Thursday, October 19. Jefferies has “Hold” rating and $70.0 target. Maxim Group initiated it with “Sell” rating and $70 target in Wednesday, February 3 report. The stock has “Buy” rating by UBS on Wednesday, February 14. The firm earned “Hold” rating on Thursday, January 5 by Wunderlich. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, November 2 report.

Investors sentiment increased to 1.63 in 2017 Q4. Its up 0.49, from 1.14 in 2017Q3. It increased, as 28 investors sold DATA shares while 51 reduced holdings. 46 funds opened positions while 83 raised stakes. 65.34 million shares or 2.35% more from 63.84 million shares in 2017Q3 were reported. Tradewinds Cap Ltd Liability Corp invested in 137 shares. 168,231 were accumulated by Fisher Asset Management Limited Liability Corporation. First Tru Advsrs Lp invested in 0.06% or 383,381 shares. Carroll Assocs, a North Carolina-based fund reported 325 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 3,160 shares or 0% of its portfolio. Cubist Systematic Strategies Ltd Liability Co stated it has 0.04% in Tableau Software, Inc. (NYSE:DATA). Hap Trading Ltd Company owns 53,412 shares for 0.15% of their portfolio. Engineers Gate Manager LP accumulated 0.36% or 75,326 shares. Aspiriant Lc holds 0.11% or 5,325 shares. Point72 Asset Mgmt Limited Partnership holds 68,197 shares or 0.02% of its portfolio. Renaissance Techs Ltd Llc reported 1.13 million shares. Clearbridge Invs Ltd Com stated it has 0.02% of its portfolio in Tableau Software, Inc. (NYSE:DATA). Hmi Cap Limited Company accumulated 1.59M shares. Merriman Wealth Mngmt Lc holds 0.59% or 35,200 shares in its portfolio. Ontario – Canada-based Royal Savings Bank Of Canada has invested 0% in Tableau Software, Inc. (NYSE:DATA).

Investors sentiment increased to 0.75 in Q4 2017. Its up 0.02, from 0.73 in 2017Q3. It improved, as 63 investors sold WFC shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported. Koshinski Asset Mgmt Incorporated accumulated 17,660 shares or 0.27% of the stock. Canandaigua Natl Bank Trust owns 52,305 shares. Bartlett Communication Llc reported 673,041 shares stake. First Interstate Retail Bank reported 153,374 shares. Fulton Bank & Trust Na holds 0.15% in Wells Fargo & Company (NYSE:WFC) or 35,905 shares. Millennium holds 0.15% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 1.83 million shares. Northstar Invest Advsr Ltd Liability invested in 10,721 shares. Murphy Pohlad Asset Management Lc owns 37,266 shares or 1.49% of their US portfolio. Massachusetts Fincl Services Ma owns 48.46M shares for 1.23% of their portfolio. Roof Eidam & Maycock Adv stated it has 3,400 shares. Palisade Asset Management Limited Liability Co holds 240,662 shares. New Mexico Educational Retirement Board has 429,366 shares for 0.99% of their portfolio. Gradient Lc holds 0.04% or 12,700 shares. Cap Invest Advsr Limited Liability Corporation holds 0.42% in Wells Fargo & Company (NYSE:WFC) or 106,724 shares. 32,011 were accumulated by Cambridge Tru.

Hexavest Inc, which manages about $16.29 billion and $8.76 billion US Long portfolio, decreased its stake in Telus Corp Co L En (NYSE:TU) by 8,784 shares to 815,909 shares, valued at $31.01 million in 2017Q4, according to the filing. It also reduced its holding in Pultegroup Inc Co En (NYSE:PHM) by 3.16M shares in the quarter, leaving it with 18,267 shares, and cut its stake in Tata Motors Ltd Co L En (NYSE:TTM).

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