EFG Asset Management Americas Corp. grew its holdings in Splunk Inc (NASDAQ:SPLK) by 16.5% in the 4th quarter, HoldingsChannel reports. The fund owned 9,384 shares of the software company’s stock after buying an additional 1,331 shares during the quarter. EFG Asset Management Americas Corp.’s holdings in Splunk were worth $777,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SPLK. Carmignac Gestion acquired a new position in shares of Splunk in the third quarter worth $198,193,000. JPMorgan Chase & Co. grew its stake in shares of Splunk by 9.3% in the third quarter. JPMorgan Chase & Co. now owns 4,593,033 shares of the software company’s stock worth $308,053,000 after acquiring an additional 389,565 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Splunk by 6.5% in the third quarter. Bank of New York Mellon Corp now owns 4,196,508 shares of the software company’s stock worth $278,773,000 after acquiring an additional 254,505 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of Splunk by 83.3% in the third quarter. Macquarie Group Ltd. now owns 540,833 shares of the software company’s stock worth $35,927,000 after acquiring an additional 245,826 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Splunk by 75.2% in the third quarter. KBC Group NV now owns 293,337 shares of the software company’s stock worth $19,487,000 after acquiring an additional 125,879 shares in the last quarter.

Shares of Splunk Inc (SPLK) opened at $88.68 on Tuesday. Splunk Inc has a 1 year low of $54.17 and a 1 year high of $93.68.

Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Thursday, November 16th. The software company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.59. Splunk had a negative net margin of 32.72% and a negative return on equity of 72.06%. The firm had revenue of $328.65 million during the quarter, compared to analysts’ expectations of $309.01 million. research analysts expect that Splunk Inc will post -1.3 earnings per share for the current fiscal year.

Several research firms have commented on SPLK. BidaskClub upgraded shares of Splunk from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Robert W. Baird restated an “average” rating and issued a $85.00 price target (up previously from $75.00) on shares of Splunk in a research note on Monday, November 20th. UBS Group set a $80.00 price target on shares of Splunk and gave the stock a “buy” rating in a research note on Friday, November 17th. Canaccord Genuity reaffirmed a “buy” rating and set a $90.00 price objective (up from $80.00) on shares of Splunk in a research report on Friday, November 17th. Finally, BTIG Research lifted their price objective on shares of Splunk from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirty-one have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $84.29.

In other Splunk news, CFO David F. Conte sold 6,993 shares of Splunk stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $80.73, for a total value of $564,544.89. Following the transaction, the chief financial officer now directly owns 110,364 shares in the company, valued at $8,909,685.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Leonard R. Stein sold 4,851 shares of Splunk stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $80.54, for a total transaction of $390,699.54. Following the completion of the transaction, the senior vice president now owns 89,157 shares in the company, valued at $7,180,704.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 150,720 shares of company stock valued at $10,663,518. 1.43% of the stock is owned by corporate insiders.

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About Splunk

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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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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