Delta Lloyd Asset Management N.V. bought a new position in shares of Splunk Inc. (NASDAQ:SPLK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,611 shares of the software company’s stock, valued at approximately $490,000.
Other large investors also recently modified their holdings of the company. TLP Group LLC purchased a new position in shares of Splunk during the first quarter worth approximately $102,000. Patten Group Inc. increased its holdings 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 buying an additional 75 shares during the period. ProShare Advisors LLC purchased a new position in Splunk during the first quarter valued at approximately $200,000. Tokio Marine Asset Management Co. Ltd. purchased a new position in Splunk during the first quarter valued at approximately $204,000. Finally, IFP Advisors Inc increased its holdings in Splunk by 0.6% during the first quarter. IFP Advisors Inc now owns 3,304 shares of the software company’s stock valued at $206,000 after buying an additional 20 shares during the period.
Splunk Inc. (NASDAQ SPLK) opened at 69.53 on Friday. The firm’s market capitalization is $9.73 billion. Splunk Inc. has a one year low of $50.64 and a one year high of $69.61. The stock has a 50 day moving average of $63.07 and a 200 day moving average of $61.94.
Splunk (NASDAQ:SPLK) last released its quarterly earnings data on Thursday, August 24th. The software company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Splunk had a negative return on equity of 75.81% and a negative net margin of 36.81%. The firm had revenue of $279.96 million for the quarter, compared to the consensus estimate of $268.72 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The firm’s revenue was up 31.6% on a year-over-year basis. Analysts forecast that Splunk Inc. will post $0.54 earnings per share for the current year.
In other Splunk news, CFO David F. Conte sold 21,589 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $68.99, for a total transaction of $1,489,425.11. Following the completion of the sale, the chief financial officer now owns 161,022 shares of the company’s stock, valued at $11,108,907.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Leonard R. Stein sold 4,851 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $67.79, for a total value of $328,849.29. The disclosure for this sale can be found here. Insiders sold 588,204 shares of company stock worth $37,031,387 in the last 90 days. 3.00% of the stock is currently owned by corporate insiders.
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Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Splunk from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Cowen and Company restated a “buy” rating on shares of Splunk in a research note on Friday, August 18th. MKM Partners restated a “neutral” rating and issued a $63.00 target price (up from $60.00) on shares of Splunk in a research note on Tuesday, May 30th. Stifel Nicolaus reiterated a “hold” rating and set a $61.00 price objective on shares of Splunk in a research note on Sunday, May 28th. Finally, Guggenheim upgraded shares of Splunk from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $69.00 to $70.00 in a research note on Thursday, June 22nd. Twelve equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $72.78.
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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