Advisors Asset Management Inc. decreased its position in Splunk Inc. (NASDAQ:SPLK) by 4.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 19,266 shares of the software company’s stock after selling 895 shares during the period. Advisors Asset Management Inc.’s holdings in Splunk were worth $1,044,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Pioneer Investment Management Inc. acquired a new position in Splunk during the fourth quarter valued at $4,715,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Splunk by 14.0% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 40,363 shares of the software company’s stock valued at $1,975,000 after buying an additional 4,951 shares in the last quarter. Independent Portfolio Consultants Inc. acquired a new position in Splunk during the first quarter valued at $253,000. Fisher Asset Management LLC raised its position in Splunk by 11.9% in the first quarter. Fisher Asset Management LLC now owns 22,648 shares of the software company’s stock valued at $1,129,000 after buying an additional 2,405 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Splunk during the first quarter valued at $435,000. 99.58% of the stock is owned by institutional investors and hedge funds.

Splunk Inc. (NASDAQ:SPLK) traded down 0.60% during mid-day trading on Tuesday, reaching $58.47. The company had a trading volume of 568,985 shares. The firm’s market capitalization is $7.87 billion. The firm has a 50-day moving average price of $61.27 and a 200 day moving average price of $54.96. Splunk Inc. has a 12-month low of $29.85 and a 12-month high of $66.90.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, August 25th. The software company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The business earned $212.80 million during the quarter, compared to the consensus estimate of $200.52 million. Splunk had a negative net margin of 42.84% and a negative return on equity of 38.45%. The firm’s revenue for the quarter was up 43.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 earnings per share. Analysts expect that Splunk Inc. will post $0.29 EPS for the current year.

Several research firms have weighed in on SPLK. Morgan Stanley reiterated a “buy” rating on shares of Splunk in a report on Sunday, May 29th. SunTrust Banks Inc. reduced their target price on Splunk from $54.00 to $49.00 and set a “neutral” rating on the stock in a report on Friday, May 27th. Macquarie lifted their target price on Splunk from $59.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, May 27th. Maxim Group restated a “buy” rating and issued a $75.00 price target (up from $72.00) on shares of Splunk in a report on Friday, May 27th. Finally, Barclays PLC restated a “hold” rating on shares of Splunk in a report on Sunday, May 29th. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $68.42.

In other news, CFO David F. Conte sold 10,575 shares of the company’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $63.87, for a total transaction of $675,425.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Steven R. Sommer sold 5,000 shares of the company’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $58.66, for a total transaction of $293,300.00. Following the transaction, the chief marketing officer now directly owns 220,127 shares of the company’s stock, valued at $12,912,649.82. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Splunk Company Profile

Splunk Inc is a provider of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. It operates through the development and marketing of software solutions segment, which enables its customers to gain real-time operational intelligence by harnessing the value of their data.

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