Andra AP fonden lessened its stake in Splunk Inc. (NASDAQ:SPLK) by 53.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,200 shares of the software company’s stock after selling 4,900 shares during the quarter. Andra AP fonden’s holdings in Splunk were worth $239,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. TLP Group LLC purchased a new position in shares of Splunk in the first quarter worth $102,000. Patten Group Inc. lifted its holdings in shares of Splunk by 3.6% in the first quarter. Patten Group Inc. now owns 2,154 shares of the software company’s stock worth $131,000 after buying an additional 75 shares in the last quarter. ProShare Advisors LLC purchased a new stake in Splunk during the first quarter valued at $200,000. IFP Advisors Inc raised its stake in Splunk by 6.2% during the second quarter. IFP Advisors Inc now owns 3,508 shares of the software company’s stock valued at $200,000 after purchasing an additional 204 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new stake in Splunk during the first quarter valued at $204,000.
Shares of Splunk Inc. (NASDAQ:SPLK) opened at 69.53 on Friday. The firm’s 50 day moving average is $63.07 and its 200 day moving average is $61.94. The stock’s market capitalization is $9.73 billion. Splunk Inc. has a 52-week low of $50.64 and a 52-week high of $69.61.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Thursday, August 24th. The software company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $279.96 million during the quarter, compared to the consensus estimate of $268.72 million. During the same period in the previous year, the company posted $0.05 earnings per share. The business’s revenue for the quarter was up 31.6% on a year-over-year basis. Equities analysts expect that Splunk Inc. will post $0.54 earnings per share for the current year.
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A number of research firms recently issued reports on SPLK. Drexel Hamilton reaffirmed a “buy” rating and set a $93.00 price target on shares of Splunk in a research note on Thursday, July 13th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $75.00 price target on shares of Splunk in a research note on Monday, July 31st. Robert W. Baird set a $71.00 price target on shares of Splunk and gave the company a “buy” rating in a research note on Saturday, May 27th. Zacks Investment Research raised shares of Splunk from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Mitsubishi UFJ Financial Group reaffirmed a “buy” rating and set a $75.00 price target on shares of Splunk in a research note on Friday, August 25th. Twelve equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $72.78.
In other news, Director Thomas M. Neustaetter sold 3,614 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $67.70, for a total transaction of $244,667.80. Following the completion of the transaction, the director now directly owns 12,871 shares of the company’s stock, valued at $871,366.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO David F. Conte sold 10,525 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was 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. Over the last three months, insiders have sold 588,204 shares of company stock valued at $37,031,387. Corporate insiders own 3.00% of the company’s stock.
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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