Splunk Inc. (SPLK) Shares Bought by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale increased its holdings in Splunk Inc. (NASDAQ:SPLK) by 12.5% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 84,668 shares of the software company’s stock after buying an additional 9,377 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.06% of Splunk worth $5,184,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SPLK. BNP Paribas Arbitrage SA grew its stake in shares of Splunk by 99.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 27,726 shares of the software company’s stock valued at $1,577,000 after acquiring an additional 13,849 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Splunk by 7.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 15,167 shares of the software company’s stock valued at $863,000 after acquiring an additional 1,032 shares during the period. Swiss National Bank grew its stake in shares of Splunk by 3.8% during the 2nd quarter. Swiss National Bank now owns 494,700 shares of the software company’s stock valued at $28,143,000 after acquiring an additional 17,900 shares during the period. Royal Bank of Canada lifted its holdings in Splunk by 13.5% in the 2nd quarter. Royal Bank of Canada now owns 52,243 shares of the software company’s stock worth $2,972,000 after purchasing an additional 6,212 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Splunk by 1.2% in the 2nd quarter. Legal & General Group Plc now owns 547,738 shares of the software company’s stock worth $31,160,000 after purchasing an additional 6,713 shares in the last quarter.
A number of research analysts recently commented on the company. Zacks Investment Research raised Splunk from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Robert W. Baird reissued an “average” rating and issued a $85.00 price target (up from $75.00) on shares of Splunk in a report on Monday. Cowen and Company reissued a “buy” rating on shares of Splunk in a report on Friday, August 18th. Wells Fargo & Company reissued a “buy” rating and issued a $95.00 price target on shares of Splunk in a report on Friday. Finally, Bank of America Corporation boosted their price target on Splunk from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $81.19.
In other news, SVP Ledger Susan St. sold 677 shares of the company’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $69.52, for a total transaction of $47,065.04. Following the completion of the transaction, the senior vice president now directly owns 168,376 shares of the company’s stock, valued at approximately $11,705,499.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Godfrey Sullivan sold 128,750 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $67.84, for a total value of $8,734,400.00. Following the transaction, the director now directly owns 699,540 shares of the company’s stock, valued at $47,456,793.60. The disclosure for this sale can be found here. Insiders sold 599,197 shares of company stock valued at $40,200,725 over the last ninety days. Insiders own 1.43% of the company’s stock.
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Shares of Splunk Inc. (NASDAQ:SPLK) opened at $81.70 on Monday. Splunk Inc. has a one year low of $50.64 and a one year high of $81.99.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, November 16th. The software company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.42) by $0.59. Splunk had a negative return on equity of 71.89% and a negative net margin of 32.72%. The business had revenue of $328.65 million during the quarter, compared to analysts’ expectations of $309.01 million. sell-side analysts expect that Splunk Inc. will post -1.43 EPS for the current fiscal year.
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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