Daiwa Securities Group Inc. Increases Position in Splunk Inc. (SPLK)
Daiwa Securities Group Inc. increased its position in Splunk Inc. (NASDAQ:SPLK) by 11.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,433 shares of the software company’s stock after purchasing an additional 11,356 shares during the quarter. Daiwa Securities Group Inc. owned approximately 0.08% of Splunk worth $7,269,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Teachers Advisors LLC grew its position in shares of Splunk by 14.1% during the 1st quarter. Teachers Advisors LLC now owns 281,900 shares of the software company’s stock worth $17,560,000 after buying an additional 34,884 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Splunk by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 127,208 shares of the software company’s stock worth $7,924,000 after buying an additional 349 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Splunk during the 1st quarter worth about $12,346,000. AQR Capital Management LLC grew its position in shares of Splunk by 0.6% during the 1st quarter. AQR Capital Management LLC now owns 87,097 shares of the software company’s stock worth $5,425,000 after buying an additional 541 shares during the period. Finally, Xact Kapitalforvaltning AB grew its position in shares of Splunk by 0.3% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 18,241 shares of the software company’s stock worth $1,038,000 after buying an additional 62 shares during the period.
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Shares of Splunk Inc. (NASDAQ SPLK) opened at $69.46 on Thursday. Splunk Inc. has a 1 year low of $50.64 and a 1 year high of $71.31.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Thursday, August 24th. The software company reported $0.08 earnings per share for the quarter, topping the 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 prior year, the company earned $0.05 EPS. Splunk’s revenue for the quarter was up 31.6% on a year-over-year basis. sell-side analysts predict that Splunk Inc. will post -1.47 EPS for the current year.
In other Splunk news, SVP Ledger Susan St. sold 677 shares of the stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $69.52, for a total value of $47,065.04. Following the completion of the transaction, the senior vice president now directly owns 168,376 shares in the company, valued at $11,705,499.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas M. Neustaetter sold 3,614 shares of the stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $67.70, for a total value of $244,667.80. Following the completion of the transaction, the director now owns 12,871 shares of the company’s stock, valued at $871,366.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 628,881 shares of company stock valued at $40,315,252. 1.43% of the stock is owned by corporate insiders.
SPLK has been the subject of several analyst reports. ValuEngine lowered Splunk from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. KeyCorp restated a “buy” rating on shares of Splunk in a research report on Friday, October 27th. Credit Suisse Group initiated coverage on Splunk in a research report on Tuesday, September 5th. They set an “outperform” rating and a $80.00 target price for the company. Zacks Investment Research lowered Splunk from a “buy” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Mizuho restated a “hold” rating and set a $60.00 target price on shares of Splunk in a research report on Thursday, August 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-seven have assigned a buy rating to the stock. Splunk presently has an average rating of “Buy” and an average target price of $74.00.
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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