Winfield Associates Inc. reduced its position in shares of Splunk Inc (NASDAQ:SPLK) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,315 shares of the software company’s stock after selling 500 shares during the period. Winfield Associates Inc.’s holdings in Splunk were worth $1,610,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley grew its position in Splunk by 16.3% in the second quarter. Morgan Stanley now owns 926,433 shares of the software company’s stock worth $91,819,000 after acquiring an additional 130,133 shares in the last quarter. ING Groep NV purchased a new position in Splunk in the second quarter worth $297,000. Cowen Inc. grew its position in Splunk by 66.4% in the second quarter. Cowen Inc. now owns 42,834 shares of the software company’s stock worth $4,245,000 after acquiring an additional 17,100 shares in the last quarter. Bridgewater Associates LP purchased a new position in Splunk in the second quarter worth $7,962,000. Finally, BNP Paribas Arbitrage SA grew its position in Splunk by 119.5% in the second quarter. BNP Paribas Arbitrage SA now owns 23,673 shares of the software company’s stock worth $2,346,000 after acquiring an additional 12,888 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.
Several research analysts recently issued reports on SPLK shares. ValuEngine upgraded shares of Splunk from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 2nd. JPMorgan Chase & Co. upped their target price on shares of Splunk from $108.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, August 24th. Bank of America upped their target price on shares of Splunk from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 16th. Rosenblatt Securities reiterated a “buy” rating and issued a $135.00 target price on shares of Splunk in a research report on Sunday, August 26th. Finally, Credit Suisse Group upped their target price on shares of Splunk from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, August 24th. Two research 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 issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $123.63.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, August 23rd. The software company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. The firm had revenue of $388.30 million during the quarter, compared to the consensus estimate of $358.46 million. Splunk had a negative net margin of 20.55% and a negative return on equity of 26.44%. The company’s quarterly revenue was up 38.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 earnings per share. On average, sell-side analysts predict that Splunk Inc will post -1.15 EPS for the current year.
In other news, CFO David F. Conte sold 15,519 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $125.29, for a total transaction of $1,944,375.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Timothy Tully sold 19,100 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $125.46, for a total transaction of $2,396,286.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,032 shares of company stock valued at $8,640,864. Insiders own 0.36% of the company’s stock.
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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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