Splunk Inc (NASDAQ:SPLK) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its stake in shares of Splunk Inc (NASDAQ:SPLK) by 84.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,403 shares of the software company’s stock after acquiring an additional 2,011 shares during the period. Tower Research Capital LLC TRC’s holdings in Splunk were worth $660,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. LA Financiere DE L Echiquier grew its position in shares of Splunk by 42.5% during the 4th quarter. LA Financiere DE L Echiquier now owns 15,200 shares of the software company’s stock valued at $2,277,000 after acquiring an additional 4,536 shares during the period. Washington Capital Management Inc. raised its holdings in Splunk by 15.8% in the 4th quarter. Washington Capital Management Inc. now owns 4,400 shares of the software company’s stock worth $659,000 after purchasing an additional 600 shares during the period. Comerica Bank boosted its position in Splunk by 1.6% during the fourth quarter. Comerica Bank now owns 22,093 shares of the software company’s stock worth $3,505,000 after purchasing an additional 339 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Splunk by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 505,117 shares of the software company’s stock worth $75,652,000 after purchasing an additional 16,295 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in Splunk by 14.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 8,000 shares of the software company’s stock valued at $1,198,000 after purchasing an additional 1,029 shares during the period. Institutional investors own 90.54% of the company’s stock.

In related news, CAO Timothy Emanuelson sold 3,260 shares of Splunk stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $146.90, for a total transaction of $478,894.00. Following the transaction, the chief accounting officer now owns 31,042 shares in the company, valued at $4,560,069.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ledger Susan St. sold 2,617 shares of Splunk stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $162.95, for a total value of $426,440.15. Following the transaction, the insider now owns 182,605 shares in the company, valued at approximately $29,755,484.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,827 shares of company stock worth $8,003,783. 0.34% of the stock is currently owned by company insiders.

SPLK has been the subject of a number of recent analyst reports. Mizuho boosted their price objective on Splunk from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price target on shares of Splunk from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. First Analysis cut shares of Splunk from an “outperform” rating to a “neutral” rating and set a $157.00 price target on the stock. in a research note on Tuesday, January 14th. Maxim Group boosted their price target on shares of Splunk from $148.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Jefferies Financial Group restated a “buy” rating and set a $180.00 price objective (up from $165.00) on shares of Splunk in a research report on Thursday, January 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $162.55.

SPLK traded down $0.76 during trading on Thursday, reaching $173.41. The company’s stock had a trading volume of 1,124,178 shares, compared to its average volume of 1,217,247. The company has a market cap of $26.96 billion, a price-to-earnings ratio of -83.37 and a beta of 2.02. The firm has a fifty day simple moving average of $159.35 and a two-hundred day simple moving average of $134.98. Splunk Inc has a 1 year low of $107.16 and a 1 year high of $176.31. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 1.06.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, November 21st. The software company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Splunk had a negative return on equity of 11.03% and a negative net margin of 14.24%. The business had revenue of $626.00 million during the quarter, compared to analyst estimates of $605.20 million. During the same period in the prior year, the business earned $0.38 earnings per share. The business’s revenue was up 30.1% compared to the same quarter last year. As a group, equities analysts forecast that Splunk Inc will post -0.86 EPS for the current fiscal year.

Splunk Company 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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