TCW Group Inc. trimmed its position in Splunk Inc (NASDAQ:SPLK) by 15.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,031,589 shares of the software company’s stock after selling 358,835 shares during the quarter. Splunk accounts for 1.4% of TCW Group Inc.’s holdings, making the stock its 19th largest holding. TCW Group Inc.’s holdings in Splunk were worth $168,296,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the business. Carmignac Gestion bought a new position in shares of Splunk in the 3rd quarter worth $198,193,000. JPMorgan Chase & Co. raised its position in shares of Splunk by 9.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,593,033 shares of the software company’s stock worth $308,053,000 after acquiring an additional 389,565 shares in the last quarter. BlackRock Inc. raised its position in shares of Splunk by 4.2% in the 4th quarter. BlackRock Inc. now owns 7,517,442 shares of the software company’s stock worth $622,742,000 after acquiring an additional 302,410 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Splunk by 6.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,196,508 shares of the software company’s stock worth $278,773,000 after acquiring an additional 254,505 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of Splunk by 83.3% in the 3rd quarter. Macquarie Group Ltd. now owns 540,833 shares of the software company’s stock worth $35,927,000 after acquiring an additional 245,826 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.
Shares of Splunk Inc (NASDAQ SPLK) opened at $92.64 on Monday. The firm has a market capitalization of $13,104.71, a PE ratio of -21.35 and a beta of 2.04. Splunk Inc has a one year low of $54.17 and a one year high of $97.27.
Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, November 16th. The software company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $0.59. The business had revenue of $328.65 million for the quarter, compared to the consensus estimate of $309.01 million. Splunk had a negative return on equity of 72.06% and a negative net margin of 32.72%. analysts expect that Splunk Inc will post -1.31 earnings per share for the current year.
Several research analysts have recently commented on SPLK shares. Robert W. Baird reissued an “average” rating and issued a $85.00 price target (up from $75.00) on shares of Splunk in a research report on Monday, November 20th. Needham & Company LLC started coverage on Splunk in a research report on Monday, October 23rd. They issued a “buy” rating and a $95.00 price target for the company. Maxim Group boosted their price target on Splunk from $79.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Canaccord Genuity reissued a “buy” rating and issued a $90.00 price target (up from $80.00) on shares of Splunk in a research report on Friday, November 17th. Finally, UBS Group set a $80.00 target price on Splunk and gave the company a “buy” rating in a research report on Friday, November 17th. One 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’s stock. The company currently has an average rating of “Buy” and an average price target of $84.59.
In other Splunk news, SVP Leonard R. Stein sold 4,851 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $80.54, for a total transaction of $390,699.54. Following the sale, the senior vice president now owns 89,157 shares in the company, valued at approximately $7,180,704.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David F. Conte sold 6,993 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were 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 in the company, valued at approximately $8,909,685.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,720 shares of company stock worth $2,477,118. Company insiders own 1.43% of the company’s stock.
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Splunk Company Profile
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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