Advisor Group Inc. raised its stake in shares of Splunk Inc (NASDAQ:SPLK) by 51.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,126 shares of the software company’s stock after purchasing an additional 2,080 shares during the period. Advisor Group Inc.’s holdings in Splunk were worth $406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its stake in Splunk by 99.8% in the second quarter. BNP Paribas Arbitrage SA now owns 27,726 shares of the software company’s stock worth $1,577,000 after purchasing an additional 13,849 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Splunk by 7.3% during the second quarter. Advisors Asset Management Inc. now owns 15,167 shares of the software company’s stock worth $863,000 after buying an additional 1,032 shares during the period. Swiss National Bank lifted its holdings in Splunk by 3.8% during the second quarter. Swiss National Bank now owns 494,700 shares of the software company’s stock worth $28,143,000 after buying an additional 17,900 shares during the period. Royal Bank of Canada lifted its holdings in Splunk by 13.5% during the second quarter. Royal Bank of Canada now owns 52,243 shares of the software company’s stock worth $2,972,000 after buying an additional 6,212 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Splunk by 1.2% during the second quarter. Legal & General Group Plc now owns 547,738 shares of the software company’s stock worth $31,160,000 after buying an additional 6,713 shares during the period.
In related news, CFO David F. Conte sold 21,589 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $68.99, for a total value of $1,489,425.11. Following the completion of the sale, the chief financial officer now directly owns 161,022 shares of the company’s stock, valued at $11,108,907.78. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Leonard R. Stein sold 4,851 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $67.79, for a total transaction of $328,849.29. The disclosure for this sale can be found here. Over the last three months, insiders sold 588,672 shares of company stock valued at $39,505,760. 1.43% of the stock is owned by corporate insiders.
Shares of Splunk Inc (NASDAQ:SPLK) traded up $0.33 during mid-day trading on Wednesday, hitting $78.01. 1,634,900 shares of the company were exchanged, compared to its average volume of 1,653,256. Splunk Inc has a 12-month low of $50.64 and a 12-month high of $84.88.
Splunk (NASDAQ:SPLK) last issued its earnings results on Thursday, November 16th. The software company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.59. Splunk had a negative net margin of 32.72% and a negative return on equity of 71.89%. The firm had revenue of $328.65 million during the quarter, compared to the consensus estimate of $309.01 million. analysts expect that Splunk Inc will post -1.3 EPS for the current year.
Several brokerages have recently commented on SPLK. Morgan Stanley lowered Splunk from an “overweight” rating to an “equal weight” rating and set a $77.00 price objective for the company. in a report on Monday, October 2nd. Guggenheim reiterated a “buy” rating and set a $70.00 price objective on shares of Splunk in a report on Saturday, August 19th. BMO Capital Markets restated a “buy” rating and issued a $71.00 target price on shares of Splunk in a research note on Wednesday, September 27th. Cowen restated a “buy” rating and issued a $72.00 target price on shares of Splunk in a research note on Thursday, September 28th. Finally, Zacks Investment Research upgraded Splunk from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-eight have issued a buy rating to the company’s stock. Splunk has a consensus rating of “Buy” and a consensus price target of $82.74.
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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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