Schonfeld Strategic Advisors LLC Increases Stock Position in Splunk Inc (NASDAQ:SPLK)

Schonfeld Strategic Advisors LLC boosted its stake in shares of Splunk Inc (NASDAQ:SPLK) by 216.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,234 shares of the software company’s stock after buying an additional 75,413 shares during the quarter. Splunk accounts for about 0.6% of Schonfeld Strategic Advisors LLC’s holdings, making the stock its 23rd biggest holding. Schonfeld Strategic Advisors LLC owned approximately 0.07% of Splunk worth $21,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Alliancebernstein L.P. boosted its stake in shares of Splunk by 212.7% in the first quarter. Alliancebernstein L.P. now owns 1,631,488 shares of the software company’s stock valued at $205,943,000 after purchasing an additional 1,109,788 shares during the period. Holocene Advisors LP lifted its stake in Splunk by 32,404.2% in the second quarter. Holocene Advisors LP now owns 789,528 shares of the software company’s stock worth $156,879,000 after acquiring an additional 787,099 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in Splunk by 44.8% in the first quarter. Nuveen Asset Management LLC now owns 1,357,636 shares of the software company’s stock worth $171,374,000 after acquiring an additional 420,134 shares during the last quarter. Softbank Group Corp purchased a new position in Splunk in the second quarter worth approximately $64,390,000. Finally, Champlain Investment Partners LLC lifted its stake in Splunk by 23.6% in the first quarter. Champlain Investment Partners LLC now owns 1,454,285 shares of the software company’s stock worth $183,574,000 after acquiring an additional 278,110 shares during the last quarter. 93.27% of the stock is owned by institutional investors.

A number of research analysts recently issued reports on SPLK shares. Berenberg Bank started coverage on shares of Splunk in a research note on Thursday, June 25th. They issued a “buy” rating and a $222.00 price target for the company. Raymond James lifted their price target on shares of Splunk from $185.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. Cowen lifted their price target on shares of Splunk from $190.00 to $200.00 and gave the stock a “market perform” rating in a research note on Thursday, August 27th. Bank of America lifted their price target on shares of Splunk from $249.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Finally, Wedbush raised their price objective on shares of Splunk from $180.00 to $204.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirty-three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $225.19.

In other Splunk news, SVP Timothy Tully sold 8,679 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $186.92, for a total value of $1,622,278.68. Following the completion of the transaction, the senior vice president now owns 131,418 shares in the company, valued at approximately $24,564,652.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jason Child sold 4,372 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $186.92, for a total value of $817,214.24. Following the completion of the transaction, the chief financial officer now owns 133,118 shares of the company’s stock, valued at approximately $24,882,416.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 64,873 shares of company stock valued at $12,645,120. Corporate insiders own 0.21% of the company’s stock.

SPLK traded down $2.80 on Wednesday, reaching $182.55. 1,387,874 shares of the company’s stock were exchanged, compared to its average volume of 1,905,701. The company’s 50 day moving average is $203.28 and its 200-day moving average is $169.90. The company has a market cap of $29.28 billion, a price-to-earnings ratio of -44.42 and a beta of 1.55. Splunk Inc has a twelve month low of $93.92 and a twelve month high of $225.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.50 and a current ratio of 2.50.

Splunk (NASDAQ:SPLK) last posted its earnings results on Wednesday, August 26th. The software company reported ($0.33) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.12) by $0.79. The firm had revenue of $491.66 million during the quarter, compared to the consensus estimate of $520.28 million. Splunk had a negative net margin of 27.62% and a negative return on equity of 25.57%. The company’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. Sell-side analysts forecast that Splunk Inc will post -3.47 EPS for the current year.

Splunk Profile

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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