Splunk Inc (SPLK) Shares Bought by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB grew its holdings in Splunk Inc (NASDAQ:SPLK) by 16.3% during the 4th quarter, Holdings Channel reports. The firm owned 21,869 shares of the software company’s stock after acquiring an additional 3,065 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Splunk were worth $1,812,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of SPLK. The Manufacturers Life Insurance Company grew its position in shares of Splunk by 8.5% in the second quarter. The Manufacturers Life Insurance Company now owns 4,950 shares of the software company’s stock valued at $282,000 after purchasing an additional 389 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Splunk in the third quarter valued at about $201,000. Comerica Bank grew its position in shares of Splunk by 22.6% in the third quarter. Comerica Bank now owns 10,343 shares of the software company’s stock valued at $686,000 after purchasing an additional 1,910 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Splunk by 9.5% in the third quarter. Russell Investments Group Ltd. now owns 44,454 shares of the software company’s stock valued at $2,953,000 after purchasing an additional 3,865 shares during the last quarter. Finally, Commonwealth Equity Services Inc acquired a new stake in shares of Splunk in the third quarter valued at about $210,000.

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Shares of NASDAQ:SPLK opened at $98.39 on Friday. The stock has a market cap of $13,918.09, a price-to-earnings ratio of -75.11 and a beta of 1.95. Splunk Inc has a 12 month low of $54.17 and a 12 month high of $112.66.

Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Thursday, March 1st. The software company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The firm had revenue of $419.70 million during the quarter, compared to analysts’ expectations of $390.79 million. Splunk had a negative net margin of 20.39% and a negative return on equity of 31.82%. The company’s revenue for the quarter was up 37.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 earnings per share. equities analysts expect that Splunk Inc will post -1.14 EPS for the current year.

Several equities research analysts have recently issued reports on the company. Barclays raised Splunk from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $80.00 to $105.00 in a research report on Monday, January 8th. Robert W. Baird raised their price target on Splunk from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, December 18th. Zacks Investment Research raised Splunk from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Friday, January 19th. Wells Fargo raised their price target on Splunk from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, March 2nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Splunk from $80.00 to $100.00 and gave the company a “neutral” rating in a research note on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirty have issued a buy rating to the company. Splunk currently has an average rating of “Buy” and a consensus price target of $99.41.

In related news, insider Douglas Merritt sold 28,513 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $106.30, for a total value of $3,030,931.90. Following the completion of the sale, the insider now owns 187,079 shares of the company’s stock, valued at $19,886,497.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David F. Conte sold 12,969 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $107.62, for a total transaction of $1,395,723.78. Following the completion of the sale, the chief financial officer now directly owns 106,582 shares of the company’s stock, valued at approximately $11,470,354.84. The disclosure for this sale can be found here. In the last three months, insiders sold 70,279 shares of company stock valued at $7,522,627. 1.43% of the stock is currently owned by company insiders.

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Splunk Profile

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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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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