Eagle Asset Management Inc. cut its position in shares of Splunk Inc. (NASDAQ:SPLK) by 1.0% during the third quarter, Holdings Channel reports. The fund owned 309,007 shares of the software company’s stock after selling 3,164 shares during the period. Eagle Asset Management Inc.’s holdings in Splunk were worth $18,132,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CG Asset Management LLC purchased a new position in shares of Splunk during the second quarter worth $2,131,000. RS Investment Management Co. LLC raised its position in shares of Splunk by 35.5% in the second quarter. RS Investment Management Co. LLC now owns 49,280 shares of the software company’s stock worth $2,670,000 after buying an additional 12,900 shares during the last quarter. Pitcairn Co. raised its position in shares of Splunk by 15.0% in the second quarter. Pitcairn Co. now owns 9,822 shares of the software company’s stock worth $532,000 after buying an additional 1,278 shares during the last quarter. TD Asset Management Inc. raised its position in shares of Splunk by 2,393.6% in the second quarter. TD Asset Management Inc. now owns 194,500 shares of the software company’s stock worth $10,538,000 after buying an additional 186,700 shares during the last quarter. Finally, 1832 Asset Management L.P. purchased a new position in shares of Splunk during the second quarter worth $36,665,000. Institutional investors own 98.58% of the company’s stock.

Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

Splunk Inc. (NASDAQ:SPLK) traded down 0.42% during mid-day trading on Tuesday, reaching $57.18. The company’s stock had a trading volume of 805,968 shares. The firm has a 50 day moving average price of $59.05 and a 200-day moving average price of $58.63. The company’s market capitalization is $7.69 billion. Splunk Inc. has a 1-year low of $29.85 and a 1-year high of $65.75.

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SPLK has been the topic of a number of research reports. MKM Partners restated a “neutral” rating on shares of Splunk in a report on Friday, November 4th. Drexel Hamilton reiterated a “buy” rating and set a $90.00 price target (up previously from $85.00) on shares of Splunk in a report on Monday, August 29th. BMO Capital Markets reiterated an “outperform” rating and set a $66.00 price target on shares of Splunk in a report on Friday, September 30th. DA Davidson set a $83.00 price target on Splunk and gave the stock a “buy” rating in a report on Thursday, November 24th. Finally, Vetr lowered Splunk from a “strong-buy” rating to a “buy” rating and set a $66.00 price target on the stock. in a report on Monday, October 24th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $66.77.

In related news, insider Douglas Merritt sold 6,155 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $58.10, for a total value of $357,605.50. Following the sale, the insider now owns 164,117 shares of the company’s stock, valued at approximately $9,535,197.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Godfrey Sullivan sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 12th. The stock was sold at an average price of $57.66, for a total value of $2,306,400.00. Following the completion of the sale, the director now directly owns 311,676 shares in the company, valued at approximately $17,971,238.16. The disclosure for this sale can be found here. 3.00% of the stock is owned by 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.

5 Day Chart for NASDAQ:SPLK

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