Edmond DE Rothschild Holding S.A. lifted its stake in Splunk Inc. (NASDAQ:SPLK) by 74.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,564 shares of the software company’s stock after buying an additional 27,500 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Splunk were worth $3,673,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPLK. ProShare Advisors LLC purchased a new position in shares of Splunk in the first quarter worth about $200,000. Canada Pension Plan Investment Board purchased a new position in shares of Splunk in the first quarter worth about $791,000. Great West Life Assurance Co. Can increased its holdings in shares of Splunk by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 68,472 shares of the software company’s stock worth $4,260,000 after buying an additional 178 shares during the period. Chicago Equity Partners LLC purchased a new position in shares of Splunk in the first quarter worth about $281,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Splunk by 4.5% in the first quarter. Advisors Asset Management Inc. now owns 14,135 shares of the software company’s stock worth $880,000 after buying an additional 615 shares during the period.
Several research analysts have recently commented on SPLK shares. Royal Bank Of Canada lifted their price objective on Splunk from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Tuesday, May 23rd. Mizuho reiterated a “neutral” rating and issued a $60.00 price objective on shares of Splunk in a report on Tuesday, August 15th. Morgan Stanley reiterated an “overweight” rating and issued a $77.00 price objective (up previously from $74.00) on shares of Splunk in a report on Friday, August 25th. Robert W. Baird set a $71.00 price objective on Splunk and gave the stock a “buy” rating in a report on Saturday, May 27th. Finally, Maxim Group reiterated a “buy” rating on shares of Splunk in a report on Sunday, May 28th. Twelve research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Splunk currently has an average rating of “Buy” and an average price target of $72.76.
Shares of Splunk Inc. (NASDAQ:SPLK) traded down 1.07% during trading on Friday, reaching $67.22. 1,281,909 shares of the company were exchanged. Splunk Inc. has a 1-year low of $50.64 and a 1-year high of $69.23. The firm’s market capitalization is $9.35 billion. The company’s 50-day moving average is $62.59 and its 200 day moving average is $61.87.
Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, August 24th. The software company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. Splunk had a negative net margin of 36.81% and a negative return on equity of 75.81%. The business had revenue of $279.96 million during the quarter, compared to analysts’ expectations of $268.72 million. During the same quarter last year, the company posted $0.05 earnings per share. The business’s quarterly revenue was up 31.6% on a year-over-year basis. Equities research analysts expect that Splunk Inc. will post $0.54 EPS for the current fiscal year.
In other news, CFO David F. Conte sold 10,525 shares of Splunk stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $66.03, for a total value of $694,965.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Godfrey Sullivan sold 40,000 shares of Splunk stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $57.69, for a total transaction of $2,307,600.00. Following the completion of the sale, the director now owns 789,540 shares in the company, valued at approximately $45,548,562.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 563,001 shares of company stock valued at $35,297,294. 3.00% of the stock is currently owned by corporate insiders.
Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.
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