Wafra Inc. Boosts Stock Holdings in Splunk Inc (NASDAQ:SPLK)

Wafra Inc. boosted its stake in shares of Splunk Inc (NASDAQ:SPLK) by 53.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 106,651 shares of the software company’s stock after acquiring an additional 37,317 shares during the period. Wafra Inc. owned 0.07% of Splunk worth $13,411,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Invesco Ltd. lifted its position in Splunk by 231.1% during the second quarter. Invesco Ltd. now owns 1,141,819 shares of the software company’s stock valued at $143,584,000 after purchasing an additional 796,914 shares during the last quarter. Pictet Asset Management Ltd. lifted its position in Splunk by 28.9% during the first quarter. Pictet Asset Management Ltd. now owns 2,598,685 shares of the software company’s stock valued at $323,796,000 after purchasing an additional 582,919 shares during the last quarter. FIL Ltd lifted its position in Splunk by 137.0% during the first quarter. FIL Ltd now owns 762,619 shares of the software company’s stock valued at $95,023,000 after purchasing an additional 440,879 shares during the last quarter. BlackRock Inc. lifted its position in Splunk by 5.1% during the first quarter. BlackRock Inc. now owns 8,494,532 shares of the software company’s stock valued at $1,058,421,000 after purchasing an additional 408,840 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Splunk by 2.8% during the second quarter. Vanguard Group Inc. now owns 13,535,699 shares of the software company’s stock valued at $1,702,114,000 after purchasing an additional 370,125 shares during the last quarter. 91.07% of the stock is owned by institutional investors.

NASDAQ SPLK traded down $3.23 during trading on Wednesday, reaching $115.51. 53,484 shares of the company’s stock traded hands, compared to its average volume of 3,094,407. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.06 and a quick ratio of 3.06. The firm has a market cap of $17.97 billion, a price-to-earnings ratio of -72.71 and a beta of 2.05. The company’s 50 day simple moving average is $120.40 and its two-hundred day simple moving average is $126.35. Splunk Inc has a 12-month low of $83.69 and a 12-month high of $143.70.

Splunk (NASDAQ:SPLK) last posted its earnings results on Wednesday, August 21st. The software company reported ($0.35) EPS for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.16. The business had revenue of $516.56 million for the quarter, compared to the consensus estimate of $488.97 million. Splunk had a negative net margin of 15.16% and a negative return on equity of 12.73%. The company’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 EPS. Research analysts expect that Splunk Inc will post -0.87 earnings per share for the current fiscal year.

In other news, SVP Timothy Tully sold 4,391 shares of Splunk stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $115.21, for a total value of $505,887.11. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas Merritt sold 13,341 shares of Splunk stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $115.20, for a total transaction of $1,536,883.20. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

SPLK has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded shares of Splunk from a “neutral” rating to an “overweight” rating and set a $130.00 target price for the company in a report on Tuesday. ValuEngine lowered shares of Splunk from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Goldman Sachs Group raised their target price on shares of Splunk from $131.00 to $119.00 and gave the stock a “neutral” rating in a report on Thursday, August 22nd. Needham & Company LLC lowered their target price on shares of Splunk from $165.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Finally, Mitsubishi UFJ Financial Group raised their target price on shares of Splunk to $159.00 and gave the stock an “overweight” rating in a report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-four have assigned a buy rating to the stock. Splunk currently has an average rating of “Buy” and an average price target of $144.38.

About Splunk

Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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