TD Asset Management Inc. Reduces Position in Splunk Inc. (NASDAQ:SPLK)
TD Asset Management Inc. cut its position in shares of Splunk Inc. (NASDAQ:SPLK) by 0.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 360,477 shares of the software company’s stock after selling 1,746 shares during the period. TD Asset Management Inc.’s holdings in Splunk were worth $20,508,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. ProShare Advisors LLC bought a new stake in shares of Splunk during the first quarter worth $200,000. NBW Capital LLC bought a new stake in shares of Splunk during the first quarter worth $3,414,000. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Splunk by 5.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,588 shares of the software company’s stock worth $209,000 after buying an additional 191 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Splunk by 28.0% in the first quarter. Nationwide Fund Advisors now owns 159,900 shares of the software company’s stock worth $9,960,000 after buying an additional 34,950 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its stake in shares of Splunk by 129.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 53,467 shares of the software company’s stock worth $3,331,000 after buying an additional 30,166 shares during the period.
Shares of Splunk Inc. (SPLK) opened at 58.20 on Friday. The firm’s market capitalization is $8.05 billion. Splunk Inc. has a 52-week low of $50.64 and a 52-week high of $69.23. The stock has a 50 day moving average of $59.08 and a 200 day moving average of $61.31.
Splunk (NASDAQ:SPLK) last released its quarterly earnings results on Thursday, May 25th. The software company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. Splunk had a negative net margin of 35.19% and a negative return on equity of 40.82%. The company had revenue of $242.40 million for the quarter, compared to the consensus estimate of $233.79 million. During the same period in the previous year, the firm earned ($0.02) EPS. Splunk’s revenue was up 30.4% on a year-over-year basis. On average, analysts predict that Splunk Inc. will post $0.52 EPS for the current fiscal year.
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A number of brokerages recently weighed in on SPLK. Royal Bank Of Canada boosted their price target on shares of Splunk from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, May 23rd. Wedbush reissued an “outperform” rating and issued a $78.00 price target on shares of Splunk in a research report on Monday, May 22nd. Zacks Investment Research cut shares of Splunk from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. Susquehanna Bancshares Inc began coverage on shares of Splunk in a research report on Wednesday, June 7th. They issued a “neutral” rating and a $68.00 price target for the company. Finally, MKM Partners reissued a “neutral” rating and issued a $63.00 price target (up from $60.00) on shares of Splunk in a research report on Tuesday, May 30th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $70.77.
In other news, Director Godfrey Sullivan sold 40,000 shares of Splunk stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $57.69, for a total value of $2,307,600.00. Following the transaction, the director now owns 789,540 shares of the company’s stock, valued at approximately $45,548,562.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Leonard R. Stein sold 4,851 shares of Splunk stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $58.20, for a total transaction of $282,328.20. Following the completion of the transaction, the senior vice president now directly owns 103,909 shares in the company, valued at approximately $6,047,503.80. The disclosure for this sale can be found here. Insiders have sold a total of 358,056 shares of company stock worth $20,784,524 over the last 90 days. 3.00% of the stock is owned by insiders.
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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