Meitav Dash Investments Ltd. raised its stake in shares of Splunk Inc (NASDAQ:SPLK) by 6.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,537 shares of the software company’s stock after acquiring an additional 548 shares during the quarter. Meitav Dash Investments Ltd.’s holdings in Splunk were worth $1,162,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Norges Bank bought a new position in shares of Splunk in the fourth quarter valued at about $210,940,000. Pictet Asset Management Ltd. raised its holdings in Splunk by 28.9% during the 1st quarter. Pictet Asset Management Ltd. now owns 2,598,685 shares of the software company’s stock worth $323,796,000 after purchasing an additional 582,919 shares during the last quarter. BlackRock Inc. raised its holdings in Splunk by 5.1% during the 1st quarter. BlackRock Inc. now owns 8,494,532 shares of the software company’s stock worth $1,058,421,000 after purchasing an additional 408,840 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Splunk by 37.6% during the 4th quarter. Hsbc Holdings PLC now owns 1,278,350 shares of the software company’s stock worth $134,036,000 after purchasing an additional 349,380 shares during the last quarter. Finally, Carillon Tower Advisers Inc. raised its holdings in Splunk by 48.6% during the 1st quarter. Carillon Tower Advisers Inc. now owns 929,339 shares of the software company’s stock worth $115,795,000 after purchasing an additional 303,809 shares during the last quarter. 91.86% of the stock is owned by institutional investors.
Several equities analysts have recently issued reports on the company. Piper Jaffray Companies restated an “overweight” rating and set a $160.00 target price on shares of Splunk in a research report on Monday, June 24th. Goldman Sachs Group assumed coverage on Splunk in a research report on Friday, June 7th. They set a “neutral” rating and a $119.00 target price for the company. Maxim Group restated a “buy” rating and set a $148.00 target price (down from $159.00) on shares of Splunk in a research report on Monday, June 3rd. BidaskClub lowered Splunk from a “buy” rating to a “hold” rating in a research report on Saturday, June 1st. Finally, Zacks Investment Research upgraded Splunk from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $144.27.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, May 23rd. The software company reported ($0.85) EPS for the quarter, missing analysts’ consensus estimates of ($0.77) by ($0.08). Splunk had a negative net margin of 16.31% and a negative return on equity of 14.98%. The firm had revenue of $424.90 million during the quarter, compared to analyst estimates of $395.92 million. During the same period in the prior year, the company earned ($0.07) earnings per share. The business’s quarterly revenue was up 36.4% compared to the same quarter last year. Analysts predict that Splunk Inc will post -0.99 EPS for the current year.
In other news, SVP Timothy Tully sold 6,655 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $128.06, for a total transaction of $852,239.30. Following the sale, the senior vice president now directly owns 127,727 shares of the company’s stock, valued at approximately $16,356,719.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas Merritt sold 13,342 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $115.21, for a total value of $1,537,131.82. Following the sale, the chief executive officer now directly owns 296,211 shares in the company, valued at $34,126,469.31. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,174 shares of company stock worth $6,779,676. Insiders own 0.34% of the company’s stock.
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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