Gulf International Bank UK Ltd reduced its position in Splunk Inc (NASDAQ:SPLK) by 28.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,754 shares of the software company’s stock after selling 13,800 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Splunk were worth $3,643,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Morgan Stanley raised its position in shares of Splunk by 16.3% in the 2nd quarter. Morgan Stanley now owns 926,433 shares of the software company’s stock worth $91,819,000 after buying an additional 130,133 shares during the period. Cowen Inc. raised its position in Splunk by 66.4% in the second quarter. Cowen Inc. now owns 42,834 shares of the software company’s stock valued at $4,245,000 after purchasing an additional 17,100 shares during the period. Frontier Capital Management Co. LLC raised its position in Splunk by 39.7% in the third quarter. Frontier Capital Management Co. LLC now owns 838,913 shares of the software company’s stock valued at $101,433,000 after purchasing an additional 238,402 shares during the period. Hartline Investment Corp purchased a new position in Splunk in the third quarter valued at about $3,112,000. Finally, Hsbc Holdings PLC raised its position in Splunk by 8.2% in the third quarter. Hsbc Holdings PLC now owns 928,970 shares of the software company’s stock valued at $112,320,000 after purchasing an additional 70,791 shares during the period. 89.65% of the stock is currently owned by institutional investors and hedge funds.
SPLK has been the topic of several research reports. BidaskClub lowered Splunk from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 20th. ValuEngine lowered Splunk from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 27th. Rosenblatt Securities reissued a “buy” rating on shares of Splunk in a research report on Sunday, October 7th. TheStreet raised Splunk from a “d” rating to a “c-” rating in a research report on Friday, November 30th. Finally, KeyCorp raised their price objective on Splunk from $120.00 to $132.00 and gave the company an “overweight” rating in a research report on Thursday, October 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $127.59.
In related news, insider Ledger Susan St. sold 4,668 shares of Splunk stock in a transaction dated Tuesday, January 8th. The stock was sold at an average price of $113.75, for a total value of $530,985.00. Following the completion of the transaction, the insider now directly owns 221,642 shares in the company, valued at $25,211,777.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Leonard R. Stein sold 5,398 shares of Splunk stock in a transaction dated Wednesday, December 12th. The stock was sold at an average price of $110.01, for a total value of $593,833.98. Following the completion of the transaction, the senior vice president now owns 90,882 shares of the company’s stock, valued at $9,997,928.82. The disclosure for this sale can be found here. Insiders sold 40,455 shares of company stock valued at $4,370,198 over the last quarter. Insiders own 0.36% of the company’s stock.
Shares of NASDAQ SPLK opened at $117.17 on Friday. Splunk Inc has a 1 year low of $82.63 and a 1 year high of $130.00. The stock has a market cap of $17.13 billion, a PE ratio of -89.44 and a beta of 1.94. The company has a debt-to-equity ratio of 1.14, a quick ratio of 3.84 and a current ratio of 3.84.
Splunk (NASDAQ:SPLK) last announced its earnings results on Thursday, November 29th. The software company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.61. The business had revenue of $480.98 million for the quarter, compared to analyst estimates of $433.60 million. Splunk had a negative return on equity of 20.60% and a negative net margin of 18.92%. The company’s revenue for the quarter was up 40.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.17 earnings per share. Equities research analysts anticipate that Splunk Inc will post -1.07 earnings per share for the current year.
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Splunk Company Profile
Splunk, Inc engages in the development and provision of software solutions. Its software solutions include cloud services, enterprise security, application delivery, big data, business analytics, and information technology operations and log management. The company was founded by Erik M. Swan, Michael J.
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