BB&T Securities LLC lifted its holdings in Splunk Inc (NASDAQ:SPLK) by 37.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,726 shares of the software company’s stock after acquiring an additional 1,008 shares during the period. BB&T Securities LLC’s holdings in Splunk were worth $369,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of Splunk by 3.8% in the second quarter. BlackRock Inc. now owns 8,074,220 shares of the software company’s stock valued at $800,235,000 after acquiring an additional 298,117 shares in the last quarter. FMR LLC grew its stake in shares of Splunk by 3.6% in the second quarter. FMR LLC now owns 1,592,052 shares of the software company’s stock valued at $157,789,000 after acquiring an additional 54,789 shares in the last quarter. Whale Rock Capital Management LLC acquired a new position in shares of Splunk in the first quarter valued at about $141,945,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Splunk by 16.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,074,978 shares of the software company’s stock valued at $106,541,000 after acquiring an additional 149,894 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Splunk by 46.6% during the second quarter. First Trust Advisors LP now owns 984,523 shares of the software company’s stock worth $97,576,000 after buying an additional 312,893 shares in the last quarter. Institutional investors and hedge funds own 90.16% of the company’s stock.
SPLK has been the topic of a number of analyst reports. Citigroup downgraded shares of Splunk from a “neutral” rating to a “sell” rating in a research note on Friday, June 15th. BidaskClub downgraded shares of Splunk from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 23rd. Bank of America increased their price objective on shares of Splunk from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 16th. JMP Securities increased their price objective on shares of Splunk from $120.00 to $135.00 and gave the stock a “market perform” rating in a research note on Friday, August 24th. Finally, Stifel Nicolaus increased their price objective on shares of Splunk from $120.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, August 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $121.43.
Splunk (NASDAQ:SPLK) last posted its earnings results on Thursday, August 23rd. The software company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $388.30 million during the quarter, compared to analysts’ expectations of $358.46 million. Splunk had a negative net margin of 20.55% and a negative return on equity of 26.44%. The business’s revenue for the quarter was up 38.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 earnings per share. equities research analysts forecast that Splunk Inc will post -0.8 EPS for the current fiscal year.
In other news, Director Mark T. Carges sold 2,091 shares of the stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $124.87, for a total value of $261,103.17. Following the completion of the transaction, the director now owns 19,444 shares of the company’s stock, valued at $2,427,972.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Godfrey Sullivan sold 8,750 shares of the stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $126.00, for a total transaction of $1,102,500.00. Following the completion of the transaction, the director now directly owns 144,755 shares of the company’s stock, valued at approximately $18,239,130. The disclosure for this sale can be found here. Insiders sold 69,032 shares of company stock valued at $8,640,864 in the last three months. Company insiders own 0.36% of the company’s stock.
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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