Keybank National Association OH acquired a new position in shares of Splunk Inc (NASDAQ:SPLK) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 39,369 shares of the software company’s stock, valued at approximately $3,238,000.
Several other institutional investors have also recently added to or reduced their stakes in SPLK. SeaCrest Wealth Management LLC purchased a new stake in shares of Splunk during the 4th quarter worth $102,000. Patten Group Inc. lifted its position in shares of Splunk by 1,048.8% during the 3rd quarter. Patten Group Inc. now owns 24,746 shares of the software company’s stock worth $143,000 after purchasing an additional 22,592 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Splunk during the 3rd quarter worth $201,000. FDx Advisors Inc. purchased a new stake in shares of Splunk during the 3rd quarter worth $210,000. Finally, Commonwealth Equity Services Inc purchased a new stake in shares of Splunk during the 3rd quarter worth $210,000.
Several equities research analysts have recently issued reports on SPLK shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $76.00 price objective on shares of Splunk in a research report on Tuesday, November 7th. Needham & Company LLC started coverage on shares of Splunk in a research report on Monday, October 23rd. They set a “buy” rating and a $95.00 price objective for the company. Zacks Investment Research cut shares of Splunk from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Piper Jaffray Companies reiterated a “buy” rating and set a $80.00 price target on shares of Splunk in a research note on Wednesday, November 15th. Finally, Robert W. Baird lifted their price target on shares of Splunk from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirty have assigned a buy rating to the company’s stock. Splunk currently has a consensus rating of “Buy” and an average target price of $84.59.
Splunk Inc (NASDAQ SPLK) opened at $92.64 on Friday. The company has a market cap of $13,104.67, a price-to-earnings ratio of -21.35 and a beta of 2.04. Splunk Inc has a one year low of $54.17 and a one year high of $97.27.
Splunk (NASDAQ:SPLK) last issued its earnings results on Thursday, November 16th. The software company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $0.59. The business had revenue of $328.65 million for the quarter, compared to the consensus estimate of $309.01 million. Splunk had a negative net margin of 32.72% and a negative return on equity of 72.06%. research analysts forecast that Splunk Inc will post -1.31 EPS for the current fiscal year.
In other news, SVP Leonard R. Stein sold 4,851 shares of Splunk stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $80.54, for a total value of $390,699.54. Following the sale, the senior vice president now owns 89,157 shares of the company’s stock, valued at $7,180,704.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Godfrey Sullivan sold 8,750 shares of Splunk stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $81.29, for a total transaction of $711,287.50. Following the completion of the sale, the director now directly owns 207,239 shares in the company, valued at approximately $16,846,458.31. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,720 shares of company stock worth $2,477,118. Insiders own 1.43% of the company’s stock.
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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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