DSAM Partners London Ltd purchased a new stake in Splunk Inc (NASDAQ:SPLK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 48,000 shares of the software company’s stock, valued at approximately $3,976,000. Splunk accounts for 0.7% of DSAM Partners London Ltd’s investment portfolio, making the stock its 28th biggest position.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Essex Investment Management Co. LLC acquired a new stake in shares of Splunk in the 4th quarter valued at about $214,000. Emerald Advisers Inc. PA acquired a new stake in shares of Splunk in the 4th quarter valued at about $1,820,000. Public Employees Retirement Association of Colorado raised its stake in shares of Splunk by 5.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 145,913 shares of the software company’s stock valued at $12,087,000 after purchasing an additional 7,239 shares during the period. CI Investments Inc. acquired a new stake in shares of Splunk in the 4th quarter valued at about $4,276,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of Splunk in the 4th quarter valued at about $102,000.
Splunk Inc (NASDAQ:SPLK) traded up $0.10 during trading on Wednesday, reaching $88.78. The company had a trading volume of 1,075,600 shares, compared to its average volume of 1,415,941. Splunk Inc has a fifty-two week low of $54.17 and a fifty-two week high of $93.68. The company has a market capitalization of $12,544.53, a PE ratio of -20.99 and a beta of 2.04.
Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, November 16th. The software company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.59. Splunk had a negative return on equity of 72.06% and a negative net margin of 32.72%. The business had revenue of $328.65 million during the quarter, compared to analysts’ expectations of $309.01 million. research analysts expect that Splunk Inc will post -1.3 EPS for the current year.
In other news, Director Godfrey Sullivan sold 8,750 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $81.29, for a total transaction of $711,287.50. Following the completion of the sale, the director now owns 207,239 shares in the company, valued at $16,846,458.31. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO David F. Conte sold 6,993 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $80.73, for a total value of $564,544.89. Following the sale, the chief financial officer now owns 110,364 shares of the company’s stock, valued at approximately $8,909,685.72. The disclosure for this sale can be found here. Insiders have sold 30,720 shares of company stock valued at $2,477,118 in the last quarter. 1.43% of the stock is currently owned by corporate insiders.
Several research firms have issued reports on SPLK. Wedbush reissued a “neutral” rating and issued a $78.00 price target (down previously from $94.00) on shares of Splunk in a research note on Wednesday. Wells Fargo & Co reissued a “buy” rating and issued a $95.00 price target on shares of Splunk in a research note on Friday, November 17th. BidaskClub raised Splunk from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Jefferies Group restated a “buy” rating and issued a $88.00 price objective on shares of Splunk in a report on Friday, November 17th. Finally, JMP Securities raised their price objective on Splunk from $70.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, November 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirty have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $84.29.
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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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