Shell Asset Management Co. reduced its stake in Splunk Inc. (NASDAQ:SPLK) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,769 shares of the software company’s stock after selling 522 shares during the period. Shell Asset Management Co.’s holdings in Splunk were worth $746,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Shinko Asset Management Co. Ltd. increased its position in Splunk by 9,471.5% in the second quarter. Shinko Asset Management Co. Ltd. now owns 36,276 shares of the software company’s stock valued at $1,965,000 after buying an additional 35,897 shares during the period. LS Investment Advisors LLC increased its stake in shares of Splunk by 5.5% in the second quarter. LS Investment Advisors LLC now owns 2,367 shares of the software company’s stock valued at $128,000 after buying an additional 123 shares during the period. IBM Retirement Fund increased its stake in shares of Splunk by 5.1% in the second quarter. IBM Retirement Fund now owns 13,233 shares of the software company’s stock valued at $717,000 after buying an additional 642 shares during the period. Jag Capital Management LLC acquired a new stake in shares of Splunk during the second quarter valued at about $9,244,000. Finally, Capital One National Association increased its stake in shares of Splunk by 34.8% in the second quarter. Capital One National Association now owns 6,958 shares of the software company’s stock valued at $377,000 after buying an additional 1,797 shares during the period. 98.34% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Splunk Inc. (NASDAQ:SPLK) traded down 0.42% on Friday, reaching $59.95. The company had a trading volume of 1,076,124 shares. Splunk Inc. has a 52 week low of $29.85 and a 52 week high of $66.90. The company’s market capitalization is $8.07 billion. The company has a 50 day moving average of $60.06 and a 200-day moving average of $56.08.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, August 25th. The software company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The company earned $212.80 million during the quarter, compared to analyst estimates of $200.52 million. Splunk had a negative return on equity of 38.45% and a negative net margin of 42.84%. The firm’s revenue for the quarter was up 43.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 earnings per share. Analysts predict that Splunk Inc. will post $0.29 earnings per share for the current fiscal year.
Several brokerages recently issued reports on SPLK. RBC Capital Markets reissued a “buy” rating and set a $70.00 target price (up previously from $60.00) on shares of Splunk in a research note on Friday, August 19th. Vetr downgraded Splunk from a “strong-buy” rating to a “buy” rating and set a $66.00 target price on the stock. in a research note on Wednesday, September 28th. Stifel Nicolaus lifted their target price on Splunk from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, June 16th. Royal Bank Of Canada lifted their target price on Splunk from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, August 19th. Finally, Barclays PLC reissued an “equal weight” rating and set a $51.00 target price on shares of Splunk in a research note on Thursday, August 25th. Twelve analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Splunk currently has an average rating of “Buy” and an average price target of $67.61.
In other news, CMO Steven R. Sommer sold 5,000 shares of the firm’s stock in a transaction on Monday, July 18th. The stock was sold at an average price of $58.66, for a total transaction of $293,300.00. Following the completion of the transaction, the chief marketing officer now directly owns 220,127 shares in the company, valued at $12,912,649.82. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO David F. Conte sold 10,575 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $63.87, for a total value of $675,425.25. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.
Splunk Company Profile
Splunk Inc is a provider of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. It operates through the development and marketing of software solutions segment, which enables its customers to gain real-time operational intelligence by harnessing the value of their data.
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