Virtus Fund Advisers LLC lessened its stake in shares of Splunk Inc (NASDAQ:SPLK) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 107,382 shares of the software company’s stock after selling 2,992 shares during the quarter. Virtus Fund Advisers LLC owned about 0.08% of Splunk worth $8,896,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its holdings in Splunk by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,950 shares of the software company’s stock valued at $282,000 after buying an additional 389 shares during the last quarter. Penserra Capital Management LLC grew its holdings in Splunk by 18.6% during the 4th quarter. Penserra Capital Management LLC now owns 4,060 shares of the software company’s stock valued at $336,000 after buying an additional 638 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in Splunk by 3.6% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 22,794 shares of the software company’s stock valued at $1,514,000 after buying an additional 800 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in Splunk by 4.6% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 18,640 shares of the software company’s stock valued at $1,238,000 after buying an additional 820 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in Splunk by 17.6% during the 3rd quarter. CIBC Asset Management Inc now owns 5,741 shares of the software company’s stock valued at $381,000 after buying an additional 860 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.
Splunk Inc (NASDAQ:SPLK) opened at $93.68 on Wednesday. The firm has a market capitalization of $13,104.71, a price-to-earnings ratio of -21.59 and a beta of 2.04. Splunk Inc has a 52-week low of $54.17 and a 52-week high of $97.27.
A number of brokerages have commented on SPLK. Robert W. Baird increased their target price on Splunk from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, December 18th. Barclays upgraded Splunk from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $80.00 to $105.00 in a report on Monday, January 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $90.00 target price (up previously from $76.00) on shares of Splunk in a report on Friday, November 17th. Zacks Investment Research upgraded Splunk from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Friday, January 19th. Finally, Drexel Hamilton reiterated a “buy” rating and set a $93.00 target price on shares of Splunk in a report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-nine have issued a buy rating to the company. Splunk currently has an average rating of “Buy” and a consensus price target of $84.59.
In related news, SVP Leonard R. Stein sold 4,851 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $80.54, for a total value of $390,699.54. Following the transaction, the senior vice president now directly owns 89,157 shares of the company’s stock, valued at approximately $7,180,704.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Douglas Merritt sold 10,126 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $80.05, for a total value of $810,586.30. Following the completion of the transaction, the insider now directly owns 189,079 shares in the company, valued at $15,135,773.95. The disclosure for this sale can be found here. Insiders sold a total of 30,720 shares of company stock worth $2,477,118 over the last ninety days. Corporate insiders own 1.43% of the company’s stock.
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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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