Mn Services Vermogensbeheer B.V. boosted its stake in shares of Splunk Inc (NASDAQ:SPLK) by 5.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,294 shares of the software company’s stock after acquiring an additional 1,300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Splunk were worth $2,816,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Morgan Stanley increased its position in shares of Splunk by 16.3% in the second quarter. Morgan Stanley now owns 926,433 shares of the software company’s stock valued at $91,819,000 after buying an additional 130,133 shares in the last quarter. ING Groep NV purchased a new stake in shares of Splunk in the second quarter valued at approximately $297,000. Cowen Inc. increased its position in shares of 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 buying an additional 17,100 shares in the last quarter. Bridgewater Associates LP purchased a new stake in shares of Splunk in the second quarter valued at approximately $7,962,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of Splunk by 119.5% in the second quarter. BNP Paribas Arbitrage SA now owns 23,673 shares of the software company’s stock valued at $2,346,000 after buying an additional 12,888 shares in the last quarter. Institutional investors own 89.78% of the company’s stock.
Several analysts recently commented on SPLK shares. Zacks Investment Research cut Splunk from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. Credit Suisse Group boosted their price target on Splunk from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, August 24th. Rosenblatt Securities reiterated a “buy” rating and set a $135.00 price target on shares of Splunk in a research report on Sunday, August 26th. Piper Jaffray Companies boosted their price target on Splunk to $135.00 and gave the stock an “overweight” rating in a research report on Friday, August 24th. Finally, Barclays boosted their price target on Splunk from $127.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $123.63.
Splunk (NASDAQ:SPLK) last released its quarterly earnings data on Thursday, August 23rd. The software company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.03. The company had revenue of $388.30 million for the quarter, compared to analyst estimates of $358.46 million. Splunk had a negative return on equity of 26.44% and a negative net margin of 20.55%. The firm’s revenue for the quarter was up 38.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. Sell-side analysts predict that Splunk Inc will post -1.15 earnings per share for the current year.
In other Splunk news, SVP Timothy Tully sold 19,100 shares of the business’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $125.46, for a total transaction of $2,396,286.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Douglas Merritt sold 23,572 shares of the business’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $124.58, for a total value of $2,936,599.76. The disclosure for this sale can be found here. Insiders have sold 69,032 shares of company stock worth $8,640,864 in the last three months. 0.36% of the stock is currently owned by corporate insiders.
TRADEMARK VIOLATION WARNING: This piece was published by WKRB News and is the sole property of of WKRB News. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.wkrb13.com/2018/11/08/mn-services-vermogensbeheer-b-v-buys-1300-shares-of-splunk-inc-splk.html.
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.
Recommended Story: Why is the conference call important?
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.