Victory Capital Management Inc. continued to hold its position in Splunk Inc. (NASDAQ:SPLK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,070 shares of the software company’s stock at the close of the second quarter. Victory Capital Management Inc.’s holdings in Splunk were worth $1,426,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Xact Kapitalforvaltning AB boosted its position in Splunk by 0.3% during the second quarter. Xact Kapitalforvaltning AB now owns 18,241 shares of the software company’s stock valued at $1,038,000 after purchasing an additional 62 shares during the last quarter. Patten Group Inc. boosted its position in Splunk by 3.6% during the first quarter. Patten Group Inc. now owns 2,154 shares of the software company’s stock valued at $131,000 after purchasing an additional 75 shares during the last quarter. Aperio Group LLC boosted its position in Splunk by 1.3% during the second quarter. Aperio Group LLC now owns 13,005 shares of the software company’s stock valued at $740,000 after purchasing an additional 164 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in Splunk by 0.6% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 30,039 shares of the software company’s stock valued at $1,709,000 after purchasing an additional 175 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in Splunk by 0.3% during the first quarter. Great West Life Assurance Co. Can now owns 68,472 shares of the software company’s stock valued at $4,260,000 after purchasing an additional 178 shares during the last quarter.
Shares of Splunk Inc. (SPLK) opened at 67.98 on Wednesday. The firm’s market cap is $9.45 billion. Splunk Inc. has a 12-month low of $50.64 and a 12-month high of $69.23. The company’s 50 day moving average price is $61.87 and its 200 day moving average price is $61.71.
Splunk (NASDAQ:SPLK) last released its earnings results on Thursday, August 24th. The software company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. The business had revenue of $279.96 million for the quarter, compared to analysts’ expectations of $268.72 million. Splunk had a negative return on equity of 75.81% and a negative net margin of 36.81%. The firm’s revenue was up 31.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 earnings per share. Equities research analysts forecast that Splunk Inc. will post $0.54 EPS for the current year.
Several brokerages recently commented on SPLK. Guggenheim reissued a “buy” rating and set a $70.00 price target on shares of Splunk in a research report on Saturday, August 19th. Zacks Investment Research raised Splunk from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Mizuho reissued a “neutral” rating and set a $60.00 price target on shares of Splunk in a research report on Tuesday, August 15th. Cowen and Company reissued a “buy” rating on shares of Splunk in a research report on Friday, August 18th. Finally, BidaskClub cut Splunk from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Twelve equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $72.76.
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In related news, SVP Leonard R. Stein sold 4,851 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $67.79, for a total value of $328,849.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David F. Conte sold 10,525 shares of the stock in a transaction on Friday, August 25th. The shares were sold at an average price of $66.03, for a total value of $694,965.75. The disclosure for this sale can be found here. In the last three months, insiders sold 335,376 shares of company stock worth $19,845,815. 3.00% of the stock is owned by insiders.
Splunk Company 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.
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