Guggenheim Capital LLC grew its position in Splunk Inc (NASDAQ:SPLK) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,214 shares of the software company’s stock after purchasing an additional 1,579 shares during the period. Guggenheim Capital LLC’s holdings in Splunk were worth $4,822,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPLK. Carillon Tower Advisers Inc. acquired a new position in Splunk during the 4th quarter worth approximately $34,127,000. BlackRock Inc. lifted its position in Splunk by 4.2% during the 4th quarter. BlackRock Inc. now owns 7,517,442 shares of the software company’s stock worth $622,742,000 after acquiring an additional 302,410 shares in the last quarter. Garelick Capital Partners LP acquired a new position in Splunk during the 4th quarter worth approximately $22,418,000. Clearbridge Investments LLC lifted its position in Splunk by 6.0% during the 4th quarter. Clearbridge Investments LLC now owns 4,638,701 shares of the software company’s stock worth $384,270,000 after acquiring an additional 263,130 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its position in Splunk by 209.9% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 375,713 shares of the software company’s stock worth $31,124,000 after acquiring an additional 254,464 shares in the last quarter.
SPLK has been the topic of several recent research reports. Zacks Investment Research lowered Splunk from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Robert W. Baird boosted their price target on Splunk from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, December 18th. Barclays raised Splunk from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $80.00 to $105.00 in a research report on Monday, January 8th. Jefferies Group reissued a “buy” rating and set a $115.00 price target on shares of Splunk in a research report on Wednesday, March 28th. Finally, Credit Suisse Group restated a “buy” rating and set a $88.00 price objective on shares of Splunk in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirty have given a buy rating to the company’s stock. Splunk presently has a consensus rating of “Buy” and an average target price of $99.41.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings results on Thursday, March 1st. The software company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.04. Splunk had a negative return on equity of 31.82% and a negative net margin of 20.39%. The business had revenue of $419.70 million during the quarter, compared to the consensus estimate of $390.79 million. During the same period in the previous year, the business earned $0.25 EPS. The business’s quarterly revenue was up 37.0% on a year-over-year basis. sell-side analysts predict that Splunk Inc will post -1.14 earnings per share for the current fiscal year.
In related news, insider Douglas Merritt sold 28,513 shares of the company’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $106.30, for a total transaction of $3,030,931.90. Following the completion of the transaction, the insider now directly owns 187,079 shares in the company, valued at approximately $19,886,497.70. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO David F. Conte sold 12,969 shares of the company’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $107.62, for a total value of $1,395,723.78. Following the transaction, the chief financial officer now owns 106,582 shares of the company’s stock, valued at $11,470,354.84. The disclosure for this sale can be found here. Insiders sold a total of 70,279 shares of company stock valued at $7,522,627 over the last quarter. Company insiders own 1.43% of the company’s stock.
WARNING: This piece was first published by WKRB News and is the property of of WKRB News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this piece can be accessed at https://www.wkrb13.com/2018/04/02/splunk-inc-splk-shares-bought-by-guggenheim-capital-llc.html.
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.
Want to see what other hedge funds are holding SPLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Splunk Inc (NASDAQ:SPLK).
Receive News & Ratings for Splunk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splunk and related companies with MarketBeat.com's FREE daily email newsletter.