Natixis Investment Managers International raised its holdings in shares of Splunk Inc. (NASDAQ:SPLK) by 82.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,894 shares of the software company’s stock after acquiring an additional 1,307 shares during the period. Natixis Investment Managers International’s holdings in Splunk were worth $418,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of SPLK. Mirova increased its holdings in Splunk by 20.1% in the 2nd quarter. Mirova now owns 23,716 shares of the software company’s stock worth $3,428,000 after acquiring an additional 3,961 shares in the last quarter. APG Asset Management N.V. increased its stake in Splunk by 2.0% during the second quarter. APG Asset Management N.V. now owns 285,071 shares of the software company’s stock worth $34,755,000 after purchasing an additional 5,609 shares during the period. Sigma Planning Corp increased its stake in Splunk by 15.5% during the second quarter. Sigma Planning Corp now owns 4,652 shares of the software company’s stock worth $673,000 after purchasing an additional 624 shares during the period. IMA Wealth Inc. increased its stake in Splunk by 34.1% during the second quarter. IMA Wealth Inc. now owns 25,640 shares of the software company’s stock worth $3,707,000 after purchasing an additional 6,521 shares during the period. Finally, Jump Financial LLC purchased a new stake in shares of Splunk during the second quarter worth approximately $2,631,000. 83.42% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have commented on SPLK shares. Needham & Company LLC increased their price target on shares of Splunk from $198.00 to $203.00 and gave the company a “buy” rating in a research note on Thursday, August 26th. Cowen reiterated a “hold” rating and issued a C$140.00 price objective on shares of Splunk in a research report on Monday, August 23rd. Mizuho increased their price objective on Splunk from $155.00 to $166.00 and gave the stock a “neutral” rating in a research report on Thursday, August 26th. Robert W. Baird raised their price target on Splunk from $150.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, August 26th. Finally, Summit Insights lifted their price objective on Splunk from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 26th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $175.10.
Splunk (NASDAQ:SPLK) last issued its earnings results on Tuesday, August 24th. The software company reported ($0.62) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.69) by $0.07. Splunk had a negative return on equity of 55.19% and a negative net margin of 49.60%. The business had revenue of $605.74 million during the quarter, compared to analysts’ expectations of $563.27 million. During the same period in the prior year, the firm posted ($0.33) EPS. Splunk’s quarterly revenue was up 23.2% compared to the same quarter last year. As a group, equities analysts expect that Splunk Inc. will post -5.71 EPS for the current fiscal year.
In related news, CAO Timothy Emanuelson sold 363 shares of the firm’s stock in a transaction on Monday, August 16th. The stock was sold at an average price of $147.16, for a total transaction of $53,419.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Scott Morgan sold 837 shares of the firm’s stock in a transaction on Thursday, September 16th. The shares were sold at an average price of $151.02, for a total value of $126,403.74. Following the sale, the senior vice president now directly owns 97,758 shares of the company’s stock, valued at $14,763,413.16. The disclosure for this sale can be found here. Insiders have sold a total of 31,639 shares of company stock valued at $4,793,931 over the last ninety days. Insiders own 0.27% of the company’s stock.
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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