Baillie Gifford & Co. increased its position in shares of Splunk Inc (NASDAQ:SPLK) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 318,237 shares of the software company’s stock after purchasing an additional 10,532 shares during the period. Baillie Gifford & Co. owned about 0.22% of Splunk worth $33,368,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Taylor Frigon Capital Management LLC increased its position in shares of Splunk by 0.5% during the fourth quarter. Taylor Frigon Capital Management LLC now owns 17,800 shares of the software company’s stock valued at $1,866,000 after purchasing an additional 87 shares during the period. Utah Retirement Systems increased its position in shares of Splunk by 0.4% during the fourth quarter. Utah Retirement Systems now owns 27,100 shares of the software company’s stock valued at $2,841,000 after purchasing an additional 100 shares during the period. ETRADE Capital Management LLC increased its position in shares of Splunk by 1.7% during the fourth quarter. ETRADE Capital Management LLC now owns 6,182 shares of the software company’s stock valued at $648,000 after purchasing an additional 104 shares during the period. Bessemer Group Inc. increased its position in shares of Splunk by 192.2% during the fourth quarter. Bessemer Group Inc. now owns 301 shares of the software company’s stock valued at $32,000 after purchasing an additional 198 shares during the period. Finally, Seelaus Asset Management LLC boosted its stake in Splunk by 8.5% in the 4th quarter. Seelaus Asset Management LLC now owns 2,560 shares of the software company’s stock valued at $268,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 93.95% of the company’s stock.

Splunk stock opened at $126.42 on Friday. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $18.44 billion, a price-to-earnings ratio of -79.51 and a beta of 2.05. Splunk Inc has a 52 week low of $83.69 and a 52 week high of $143.70.

In other news, Director Patricia Morrison sold 5,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $134.44, for a total transaction of $672,200.00. Following the transaction, the director now owns 26,359 shares of the company’s stock, valued at $3,543,703.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ledger Susan St. sold 4,668 shares of the company’s stock in a transaction on Tuesday, January 8th. The shares were sold at an average price of $113.75, for a total value of $530,985.00. Following the transaction, the insider now directly owns 221,642 shares in the company, valued at approximately $25,211,777.50. The disclosure for this sale can be found here. In the last three months, insiders sold 31,853 shares of company stock worth $3,929,076. Insiders own 0.36% of the company’s stock.

Several brokerages recently commented on SPLK. BidaskClub lowered Splunk from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research raised Splunk from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a research note on Thursday, December 6th. Credit Suisse Group boosted their price target on Splunk from $130.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. BMO Capital Markets boosted their price target on Splunk from $132.00 to $162.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. They noted that the move was a valuation call. Finally, Piper Jaffray Companies boosted their price target on Splunk to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, February 27th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $141.94.

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Splunk Company Profile

Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to collect, index, search, explore, monitor, correlate, and analyze data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud.

Further Reading: What is Call Option Volume?

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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