Aperio Group LLC Acquires 1,884 Shares of Splunk Inc (SPLK)

Aperio Group LLC raised its holdings in shares of Splunk Inc (NASDAQ:SPLK) by 14.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,796 shares of the software company’s stock after acquiring an additional 1,884 shares during the quarter. Aperio Group LLC’s holdings in Splunk were worth $1,226,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SPLK. Ark Investment Management LLC lifted its position in Splunk by 68.6% during the second quarter. Ark Investment Management LLC now owns 201,612 shares of the software company’s stock valued at $11,470,000 after buying an additional 82,023 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Splunk by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 130,972 shares of the software company’s stock valued at $7,453,000 after buying an additional 3,764 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Splunk by 8.5% during the second 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 in the last quarter. Public Employees Retirement System of Ohio lifted its position in Splunk by 7.5% during the second quarter. Public Employees Retirement System of Ohio now owns 49,910 shares of the software company’s stock valued at $2,839,000 after buying an additional 3,483 shares in the last quarter. Finally, APG Asset Management N.V. lifted its position in Splunk by 34.8% during the third quarter. APG Asset Management N.V. now owns 84,820 shares of the software company’s stock valued at $5,635,000 after buying an additional 21,900 shares in the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the stock. Robert W. Baird reiterated an “average” rating and set a $85.00 price objective (up previously from $75.00) on shares of Splunk in a research note on Monday, November 20th. Bank of America lifted their price objective on shares of Splunk from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, November 17th. BTIG Research lifted their price objective on shares of Splunk from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, November 17th. Deutsche Bank lifted their price objective on shares of Splunk from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, November 17th. Finally, Maxim Group lifted their price objective on shares of Splunk from $79.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, November 17th. Two analysts have 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 stock currently has an average rating of “Buy” and a consensus target price of $84.59.

Shares of Splunk Inc (NASDAQ:SPLK) opened at $95.12 on Friday. The stock has a market cap of $13,730.00, a price-to-earnings ratio of -42.65 and a beta of 2.04. Splunk Inc has a 12 month low of $54.17 and a 12 month high of $97.27.

In other Splunk news, SVP Leonard R. Stein sold 4,851 shares of Splunk stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $80.54, for a total value of $390,699.54. Following the completion of the transaction, the senior vice president now owns 89,157 shares of the company’s stock, valued at $7,180,704.78. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David F. Conte sold 6,993 shares of Splunk stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $80.73, for a total transaction of $564,544.89. Following the completion of the transaction, the chief financial officer now directly 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. In the last 90 days, insiders sold 30,720 shares of company stock valued at $2,477,118. Insiders own 1.43% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://www.dispatchtribunal.com/2018/02/25/aperio-group-llc-acquires-1884-shares-of-splunk-inc-splk.html.

Splunk 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.

Want to see what other hedge funds are holding SPLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Splunk Inc (NASDAQ:SPLK).

Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

Receive News & Ratings for Splunk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splunk and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply