Wealthsource Partners LLC acquired a new position in Splunk Inc (NASDAQ:SPLK) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,907 shares of the software company’s stock, valued at approximately $231,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Xact Kapitalforvaltning AB lifted its holdings in Splunk by 2.5% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 23,704 shares of the software company’s stock worth $2,866,000 after buying an additional 568 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Splunk by 1.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 44,395 shares of the software company’s stock worth $4,400,000 after acquiring an additional 606 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its position in shares of Splunk by 2.8% in the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 23,389 shares of the software company’s stock worth $2,828,000 after acquiring an additional 636 shares in the last quarter. Banco Santander S.A. raised its position in shares of Splunk by 21.1% in the 3rd quarter. Banco Santander S.A. now owns 3,701 shares of the software company’s stock worth $447,000 after acquiring an additional 644 shares in the last quarter. Finally, WINTON GROUP Ltd raised its position in shares of Splunk by 19.3% in the 2nd quarter. WINTON GROUP Ltd now owns 4,277 shares of the software company’s stock worth $424,000 after acquiring an additional 692 shares in the last quarter. Institutional investors and hedge funds own 91.41% of the company’s stock.
Several brokerages have recently issued reports on SPLK. Zacks Investment Research raised Splunk from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research report on Thursday. BidaskClub raised Splunk from a “hold” rating to a “buy” rating in a research report on Tuesday, November 27th. TheStreet raised Splunk from a “d” rating to a “c-” rating in a research report on Friday, November 30th. BMO Capital Markets decreased their target price on Splunk from $133.00 to $132.00 and set an “outperform” rating for the company in a research report on Friday, November 30th. Finally, Cowen reissued a “buy” rating and issued a $133.00 target price on shares of Splunk in a research report on Sunday, December 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. Splunk presently has an average rating of “Buy” and a consensus price target of $128.22.
SPLK stock opened at $105.66 on Friday. The firm has a market capitalization of $16.11 billion, a PE ratio of -80.66 and a beta of 2.13. Splunk Inc has a 1 year low of $79.21 and a 1 year high of $130.00.
Splunk (NASDAQ:SPLK) last released its quarterly earnings results on Thursday, November 29th. The software company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.61. The firm had revenue of $480.98 million for the quarter, compared to the consensus estimate of $433.60 million. Splunk had a negative return on equity of 22.60% and a negative net margin of 18.92%. The company’s revenue for the quarter was up 40.4% on a year-over-year basis. During the same period last year, the business posted $0.17 EPS. As a group, research analysts predict that Splunk Inc will post -1.07 earnings per share for the current year.
In related news, Director Mark T. Carges sold 4,171 shares of Splunk stock in a transaction on Friday, November 30th. The stock was sold at an average price of $110.00, for a total transaction of $458,810.00. Following the transaction, the director now directly owns 15,273 shares in the company, valued at $1,680,030. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Timothy Tully sold 19,100 shares of Splunk stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $125.46, for a total value of $2,396,286.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,203 shares of company stock worth $9,099,674. Company insiders own 0.36% of the company’s stock.
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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.
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