Fishman Jay A Ltd. MI boosted its position in shares of Splunk Inc (NASDAQ:SPLK) by 54.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,600 shares of the software company’s stock after acquiring an additional 22,325 shares during the period. Splunk accounts for 1.4% of Fishman Jay A Ltd. MI’s holdings, making the stock its 20th biggest position. Fishman Jay A Ltd. MI’s holdings in Splunk were worth $7,496,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of SPLK. Price T Rowe Associates Inc. MD increased its stake in shares of Splunk by 8.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 24,287,809 shares of the software company’s stock worth $3,054,191,000 after acquiring an additional 1,942,047 shares during the period. Vanguard Group Inc. increased its holdings in shares of Splunk by 2.8% during the second quarter. Vanguard Group Inc. now owns 13,535,699 shares of the software company’s stock valued at $1,702,114,000 after purchasing an additional 370,125 shares during the period. Pictet Asset Management Ltd. increased its holdings in shares of Splunk by 8.4% during the second quarter. Pictet Asset Management Ltd. now owns 2,815,854 shares of the software company’s stock valued at $354,094,000 after purchasing an additional 217,169 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Splunk by 19.9% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,688,527 shares of the software company’s stock valued at $199,010,000 after purchasing an additional 280,294 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Splunk by 7.1% during the second quarter. Wells Fargo & Company MN now owns 1,404,517 shares of the software company’s stock valued at $176,618,000 after purchasing an additional 93,101 shares during the period. 91.13% of the stock is owned by institutional investors.
In other news, CEO Douglas Merritt sold 13,341 shares of Splunk stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $115.20, for a total transaction of $1,536,883.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Timothy Emanuelson sold 529 shares of Splunk stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $120.46, for a total value of $63,723.34. Following the sale, the chief accounting officer now owns 27,394 shares of the company’s stock, valued at $3,299,881.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,261 shares of company stock valued at $2,106,494. 0.34% of the stock is owned by corporate insiders.
NASDAQ:SPLK traded up $2.23 during mid-day trading on Friday, reaching $125.03. 1,121,100 shares of the stock were exchanged, compared to its average volume of 1,757,249. The firm has a market capitalization of $18.67 billion, a PE ratio of -78.64 and a beta of 2.03. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30. Splunk Inc has a 1-year low of $83.69 and a 1-year high of $143.70. The business has a fifty day moving average price of $118.92 and a 200 day moving average price of $123.96.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Wednesday, August 21st. The software company reported ($0.35) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.51) by $0.16. The business had revenue of $516.56 million during the quarter, compared to analyst estimates of $488.97 million. Splunk had a negative return on equity of 12.73% and a negative net margin of 15.16%. The firm’s revenue was up 33.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 EPS. On average, sell-side analysts forecast that Splunk Inc will post -0.88 earnings per share for the current year.
A number of brokerages have recently commented on SPLK. Wedbush reissued an “outperform” rating and set a $158.00 price target (down from $163.00) on shares of Splunk in a report on Tuesday, August 20th. Credit Suisse Group lowered their price target on Splunk from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, August 22nd. Zacks Investment Research lowered Splunk from a “buy” rating to a “hold” rating and set a $119.00 price target on the stock. in a report on Thursday, October 17th. BidaskClub lowered Splunk from a “buy” rating to a “hold” rating in a report on Saturday, October 19th. Finally, Robert W. Baird lowered Splunk from an “outperform” rating to a “neutral” rating and set a $127.00 price target on the stock. in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $148.76.
Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M.
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