Tredje AP fonden Has $1.43 Million Holdings in Splunk (SPLK)

Tredje AP fonden raised its stake in Splunk (NASDAQ:SPLK) by 96.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,540 shares of the software company’s stock after purchasing an additional 7,120 shares during the period. Tredje AP fonden’s holdings in Splunk were worth $1,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Penserra Capital Management LLC grew its stake in Splunk by 18.6% in the fourth quarter. Penserra Capital Management LLC now owns 4,060 shares of the software company’s stock valued at $336,000 after purchasing an additional 638 shares during the last quarter. Gulf International Bank UK Ltd grew its stake in Splunk by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 42,454 shares of the software company’s stock valued at $4,177,000 after purchasing an additional 675 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Splunk by 7.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,473 shares of the software company’s stock valued at $866,000 after purchasing an additional 698 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in Splunk by 20.5% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,921 shares of the software company’s stock valued at $484,000 after purchasing an additional 836 shares during the last quarter. Finally, ETRADE Capital Management LLC grew its stake in shares of Splunk by 37.0% during the first quarter. ETRADE Capital Management LLC now owns 3,558 shares of the software company’s stock worth $350,000 after acquiring an additional 961 shares during the last quarter. Institutional investors own 93.40% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Wedbush dropped their price target on Splunk from $122.00 to $118.00 and set a “buy” rating on the stock in a research note on Friday. Barclays boosted their price target on Splunk to $125.00 and gave the stock an “overweight” rating in a research note on Friday. Zacks Investment Research upgraded Splunk from a “hold” rating to a “buy” rating and set a $116.00 price target on the stock in a research note on Thursday, May 3rd. Stifel Nicolaus upgraded Splunk from a “hold” rating to a “buy” rating and boosted their price target for the stock from $75.00 to $120.00 in a research note on Friday, March 2nd. Finally, Mizuho boosted their price target on Splunk from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, March 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $102.56.

In other news, Director Godfrey Sullivan sold 8,750 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $107.60, for a total value of $941,500.00. Following the completion of the sale, the director now directly owns 161,700 shares in the company, valued at $17,398,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Douglas Merritt sold 33,734 shares of the business’s stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $98.71, for a total value of $3,329,883.14. Following the completion of the sale, the insider now owns 318,894 shares of the company’s stock, valued at $31,478,026.74. The disclosure for this sale can be found here. Insiders sold 163,912 shares of company stock valued at $16,716,531 over the last three months. 0.36% of the stock is currently owned by corporate insiders.

Shares of Splunk opened at $114.71 on Tuesday, Marketbeat.com reports. Splunk has a 12-month low of $54.17 and a 12-month high of $119.00. The company has a market capitalization of $16.92 billion, a price-to-earnings ratio of -87.56 and a beta of 1.85.

Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Thursday, March 1st. The software company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.04. Splunk had a negative return on equity of 31.42% and a negative net margin of 20.39%. The company had revenue of $419.70 million during the quarter, compared to the consensus estimate of $390.79 million. During the same period in the previous year, the company posted $0.25 earnings per share. Splunk’s revenue for the quarter was up 37.0% on a year-over-year basis. equities research analysts predict that Splunk will post -1.14 EPS for the current fiscal year.

Splunk Company Profile

Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to collect, index, search, explore, monitor, correlate, and analyze data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud.

Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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