Carillon Tower Advisers Inc. Raises Position in Splunk Inc (SPLK)

Carillon Tower Advisers Inc. increased its position in shares of Splunk Inc (NASDAQ:SPLK) by 15.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 744,918 shares of the software company’s stock after purchasing an additional 97,050 shares during the quarter. Splunk accounts for 0.6% of Carillon Tower Advisers Inc.’s investment portfolio, making the stock its 25th biggest holding. Carillon Tower Advisers Inc. owned approximately 0.51% of Splunk worth $90,067,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. lifted its position in shares of Splunk by 110.9% during the first quarter. Principal Financial Group Inc. now owns 20,790 shares of the software company’s stock valued at $2,045,000 after purchasing an additional 10,931 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Splunk by 29.2% during the second quarter. Bank of Montreal Can now owns 60,249 shares of the software company’s stock valued at $5,972,000 after purchasing an additional 13,605 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Splunk by 4,695.5% during the second quarter. Nisa Investment Advisors LLC now owns 9,591 shares of the software company’s stock valued at $951,000 after purchasing an additional 9,391 shares in the last quarter. Hartford Investment Management Co. bought a new position in shares of Splunk during the second quarter valued at about $328,000. Finally, Cornerstone Wealth Management LLC bought a new position in shares of Splunk during the second quarter valued at about $813,000. 87.82% of the stock is owned by hedge funds and other institutional investors.

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

In related news, Director Mark T. Carges sold 2,091 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 19,444 shares of the company’s stock, valued at $2,427,972.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Godfrey Sullivan sold 8,750 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $126.00, for a total transaction of $1,102,500.00. Following the transaction, the director now directly owns 144,755 shares of the company’s stock, valued at approximately $18,239,130. The disclosure for this sale can be found here. Insiders sold 69,032 shares of company stock valued at $8,640,864 in the last quarter. Corporate insiders own 0.36% of the company’s stock.

SPLK opened at $92.57 on Monday. The stock has a market capitalization of $13.42 billion, a PE ratio of -70.66 and a beta of 2.15. Splunk Inc has a twelve month low of $76.89 and a twelve month high of $130.00.

Splunk (NASDAQ:SPLK) last posted its earnings results on Thursday, August 23rd. The software company reported $0.08 earnings per share for the quarter, topping 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 revenue was up 38.6% on a year-over-year basis. During the same quarter last year, the company earned $0.08 earnings per share. As a group, equities research analysts expect that Splunk Inc will post -1.15 EPS for the current fiscal year.

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Splunk Profile

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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