Fishman Jay A Ltd. MI Boosts Holdings in Splunk Inc (NASDAQ:SPLK)

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.

About Splunk

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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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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