Splunk Inc (SPLK) Stake Decreased by WINTON GROUP Ltd

WINTON GROUP Ltd cut its position in shares of Splunk Inc (NASDAQ:SPLK) by 56.4% during the 3rd quarter, Holdings Channel reports. The firm owned 1,865 shares of the software company’s stock after selling 2,412 shares during the quarter. WINTON GROUP Ltd’s holdings in Splunk were worth $225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in shares of Splunk during the 2nd quarter worth about $104,000. Point72 Hong Kong Ltd acquired a new position in shares of Splunk during the 2nd quarter worth about $110,000. Centaurus Financial Inc. acquired a new position in shares of Splunk during the 2nd quarter worth about $124,000. Nvwm LLC acquired a new position in shares of Splunk during the 2nd quarter worth about $160,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Splunk by 152.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,651 shares of the software company’s stock worth $164,000 after purchasing an additional 996 shares during the last quarter. Institutional investors own 87.82% of the company’s stock.

Shares of SPLK stock opened at $92.57 on Friday. The stock has a market cap of $13.42 billion, a P/E ratio of -70.66 and a beta of 2.15. Splunk Inc has a 52 week low of $76.89 and a 52 week high of $130.00.

Splunk (NASDAQ:SPLK) last announced its earnings results on Thursday, August 23rd. The software company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. The business 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%. Splunk’s revenue was up 38.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 EPS. On average, analysts forecast that Splunk Inc will post -1.15 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Splunk from a “buy” rating to a “hold” rating in a research note on Thursday, August 30th. Credit Suisse Group boosted their price objective on shares of Splunk from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, August 24th. Rosenblatt Securities restated a “buy” rating and set a $135.00 price objective on shares of Splunk in a research note on Sunday, August 26th. Piper Jaffray Companies boosted their price objective on shares of Splunk to $135.00 and gave the stock an “overweight” rating in a research note on Friday, August 24th. Finally, Barclays boosted their price objective on shares of Splunk from $127.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $126.69.

In other Splunk news, insider Douglas Merritt sold 23,572 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $124.58, for a total value of $2,936,599.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark T. Carges sold 2,091 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $124.87, for a total transaction of $261,103.17. Following the completion of the sale, the director now directly owns 19,444 shares of the company’s stock, valued at approximately $2,427,972.28. The disclosure for this sale can be found here. Insiders sold a total of 69,032 shares of company stock valued at $8,640,864 in the last three months. Insiders own 0.36% of the company’s stock.

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About Splunk

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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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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