Dimensional Fund Advisors LP raised its stake in Splunk Inc (NASDAQ:SPLK) by 5.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 166,204 shares of the software company’s stock after buying an additional 8,366 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.11% of Splunk worth $17,425,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SPLK. Bessemer Group Inc. lifted its stake in Splunk by 192.2% in the fourth quarter. Bessemer Group Inc. now owns 301 shares of the software company’s stock valued at $32,000 after buying an additional 198 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new stake in Splunk in the fourth quarter valued at $56,000. Parallel Advisors LLC lifted its stake in Splunk by 111.3% in the fourth quarter. Parallel Advisors LLC now owns 638 shares of the software company’s stock valued at $66,000 after buying an additional 336 shares during the last quarter. AlphaOne Investment Services LLC bought a new stake in Splunk in the fourth quarter valued at $66,000. Finally, We Are One Seven LLC bought a new stake in Splunk in the fourth quarter valued at $79,000. Institutional investors own 93.76% of the company’s stock.

SPLK has been the topic of a number of recent research reports. Zacks Investment Research upgraded Splunk from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research note on Tuesday, December 18th. ValuEngine cut Splunk from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 21st. BidaskClub upgraded Splunk from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 7th. Royal Bank of Canada raised their target price on Splunk from $130.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, February 25th. Finally, Piper Jaffray Companies raised their target price on Splunk to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, February 27th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $142.56.

In related news, CFO David F. Conte sold 4,991 shares of Splunk stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $128.03, for a total transaction of $638,997.73. Following the transaction, the chief financial officer now directly owns 123,965 shares of the company’s stock, valued at $15,871,238.95. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Patricia Morrison sold 5,000 shares of Splunk stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $134.44, for a total value of $672,200.00. Following the transaction, the director now directly owns 26,359 shares in the company, valued at $3,543,703.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 126,032 shares of company stock worth $15,824,708. 0.36% of the stock is owned by corporate insiders.

NASDAQ:SPLK opened at $134.68 on Tuesday. The stock has a market cap of $20.06 billion, a P/E ratio of -84.70 and a beta of 2.03. Splunk Inc has a 52-week low of $83.69 and a 52-week high of $143.70. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 1.07.

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About Splunk

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.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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