Dimensional Fund Advisors LP Buys 8,366 Shares of Splunk Inc (NASDAQ:SPLK)

Dimensional Fund Advisors LP increased its position in shares of Splunk Inc (NASDAQ:SPLK) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 166,204 shares of the software company’s stock after purchasing an additional 8,366 shares during the period. Dimensional Fund Advisors LP owned about 0.11% of Splunk worth $17,425,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Taylor Frigon Capital Management LLC grew its position in Splunk by 0.5% in the fourth quarter. Taylor Frigon Capital Management LLC now owns 17,800 shares of the software company’s stock valued at $1,866,000 after acquiring an additional 87 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in Splunk by 0.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,282 shares of the software company’s stock worth $1,183,000 after purchasing an additional 90 shares in the last quarter. Utah Retirement Systems boosted its stake in Splunk by 0.4% in the fourth quarter. Utah Retirement Systems now owns 27,100 shares of the software company’s stock worth $2,841,000 after purchasing an additional 100 shares in the last quarter. ETRADE Capital Management LLC boosted its stake in Splunk by 1.7% in the fourth quarter. ETRADE Capital Management LLC now owns 6,182 shares of the software company’s stock worth $648,000 after purchasing an additional 104 shares in the last quarter. Finally, Arete Wealth Advisors LLC boosted its stake in Splunk by 6.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 1,955 shares of the software company’s stock worth $205,000 after purchasing an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.

A number of equities analysts have commented on SPLK shares. BidaskClub lowered Splunk from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Wedbush boosted their price objective on Splunk from $159.00 to $163.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. Northland Securities reaffirmed a “buy” rating and set a $160.00 price target on shares of Splunk in a research note on Friday, May 24th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $160.00 price target on shares of Splunk in a research note on Monday, June 24th. Finally, Mizuho started coverage on Splunk in a research note on Wednesday, March 13th. They set a “buy” rating and a $150.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $144.27.

Shares of NASDAQ:SPLK traded up $1.52 during mid-day trading on Friday, reaching $125.75. 2,011,280 shares of the stock were exchanged, compared to its average volume of 1,871,839. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $18.66 billion, a P/E ratio of -79.09 and a beta of 2.15. Splunk Inc has a one year low of $83.69 and a one year high of $143.70. The business’s 50 day moving average price is $122.58.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings data on Thursday, May 23rd. The software company reported ($0.85) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.77) by ($0.08). Splunk had a negative return on equity of 14.98% and a negative net margin of 16.31%. The firm had revenue of $424.90 million for the quarter, compared to the consensus estimate of $395.92 million. During the same quarter in the previous year, the business posted ($0.07) earnings per share. The firm’s quarterly revenue was up 36.4% compared to the same quarter last year. As a group, research analysts forecast that Splunk Inc will post -0.99 EPS for the current fiscal year.

In other news, insider Ledger Susan St. sold 10,298 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $115.13, for a total value of $1,185,608.74. Following the completion of the sale, the insider now directly owns 247,598 shares of the company’s stock, valued at $28,505,957.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Douglas Merritt sold 12,715 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $126.76, for a total value of $1,611,753.40. Following the completion of the sale, the insider now directly owns 313,286 shares of the company’s stock, valued at $39,712,133.36. The disclosure for this sale can be found here. Insiders have sold 56,174 shares of company stock valued at $6,779,676 over the last three months. Insiders own 0.34% of the company’s stock.

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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