Ameriprise Financial Inc. cut its stake in shares of Splunk Inc (NASDAQ:SPLK) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,451,073 shares of the software company’s stock after selling 99,010 shares during the quarter. Ameriprise Financial Inc. owned approximately 3.94% of Splunk worth $362,119,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services Inc bought a new position in shares of Splunk in the third quarter valued at $210,000. Russell Investments Group Ltd. lifted its position in shares of Splunk by 9.5% during the third quarter. Russell Investments Group Ltd. now owns 44,454 shares of the software company’s stock valued at $2,953,000 after purchasing an additional 3,865 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Splunk by 18.2% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 594,980 shares of the software company’s stock valued at $39,525,000 after purchasing an additional 91,789 shares in the last quarter. Bank Hapoalim BM lifted its position in shares of Splunk by 18.7% during the third quarter. Bank Hapoalim BM now owns 12,325 shares of the software company’s stock valued at $819,000 after purchasing an additional 1,945 shares in the last quarter. Finally, Comerica Bank lifted its position in shares of Splunk by 22.6% during the third quarter. Comerica Bank now owns 10,343 shares of the software company’s stock valued at $686,000 after purchasing an additional 1,910 shares in the last quarter.
In other news, SVP Ledger Susan St. sold 677 shares of the business’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $69.52, for a total transaction of $47,065.04. Following the sale, the senior vice president now owns 168,376 shares in the company, valued at $11,705,499.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Godfrey Sullivan sold 40,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $68.62, for a total value of $2,744,800.00. Following the sale, the director now owns 585,790 shares in the company, valued at approximately $40,196,909.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 588,672 shares of company stock valued at $39,505,760. Corporate insiders own 1.43% of the company’s stock.
A number of research firms recently issued reports on SPLK. KeyCorp restated a “buy” rating on shares of Splunk in a report on Friday, October 27th. ValuEngine downgraded shares of Splunk from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Maxim Group reiterated a “buy” rating and issued a $79.00 target price on shares of Splunk in a research note on Friday, October 27th. Zacks Investment Research cut shares of Splunk from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Finally, Needham & Company LLC began coverage on shares of Splunk in a research note on Monday, October 23rd. They set a “buy” rating and a $95.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $82.74.
Shares of Splunk Inc (NASDAQ:SPLK) traded up $0.10 on Thursday, reaching $80.55. The company had a trading volume of 1,416,628 shares, compared to its average volume of 1,652,966. Splunk Inc has a 12 month low of $50.64 and a 12 month high of $84.88.
Splunk (NASDAQ:SPLK) last released its earnings results on Thursday, November 16th. The software company reported $0.17 earnings per share for the quarter, topping the consensus estimate of ($0.42) by $0.59. Splunk had a negative return on equity of 71.89% and a negative net margin of 32.72%. The business had revenue of $328.65 million during the quarter, compared to the consensus estimate of $309.01 million. analysts anticipate that Splunk Inc will post -1.3 EPS for the current year.
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Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.
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