Jefferies Group LLC boosted its holdings in Splunk Inc (NASDAQ:SPLK) by 302.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,422 shares of the software company’s stock after purchasing an additional 24,372 shares during the period. Jefferies Group LLC’s holdings in Splunk were worth $2,686,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Zions Bancorporation purchased a new position in Splunk in the third quarter valued at about $591,000. Atria Investments LLC purchased a new position in Splunk in the fourth quarter valued at about $270,000. Motley Fool Asset Management LLC boosted its holdings in Splunk by 8.4% in the third quarter. Motley Fool Asset Management LLC now owns 167,500 shares of the software company’s stock valued at $11,127,000 after purchasing an additional 13,000 shares during the last quarter. Spence Asset Management purchased a new position in Splunk in the fourth quarter valued at about $4,560,000. Finally, Advisor Group Inc. boosted its holdings in Splunk by 51.4% in the third quarter. Advisor Group Inc. now owns 6,126 shares of the software company’s stock valued at $406,000 after purchasing an additional 2,080 shares during the last quarter.
In related news, insider Douglas Merritt sold 10,126 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $80.05, for a total value of $810,586.30. Following the sale, the insider now directly owns 189,079 shares in the company, valued at approximately $15,135,773.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Leonard R. Stein sold 4,851 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $80.54, for a total value of $390,699.54. Following the completion of the sale, the senior vice president now owns 89,157 shares in the company, valued at $7,180,704.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,970 shares of company stock worth $1,765,831. 1.43% of the stock is owned by insiders.
Splunk (NASDAQ:SPLK) last posted its earnings results on Thursday, March 1st. The software company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. Splunk had a negative return on equity of 31.82% and a negative net margin of 20.39%. The firm had revenue of $419.70 million for the quarter, compared to analysts’ expectations of $390.79 million. During the same period last year, the firm earned $0.25 EPS. The firm’s revenue was up 37.0% compared to the same quarter last year. sell-side analysts anticipate that Splunk Inc will post -1.21 EPS for the current year.
SPLK has been the subject of a number of analyst reports. Piper Jaffray Companies reissued a “buy” rating and issued a $80.00 price target on shares of Splunk in a report on Wednesday, November 15th. Drexel Hamilton reaffirmed a “buy” rating and set a $93.00 target price on shares of Splunk in a report on Thursday, November 16th. Jefferies Group reaffirmed a “buy” rating and set a $88.00 target price on shares of Splunk in a report on Friday, November 17th. Wells Fargo & Co reaffirmed a “buy” rating and set a $95.00 target price on shares of Splunk in a report on Friday, November 17th. Finally, Mizuho raised Splunk from a “neutral” rating to a “buy” rating and increased their target price for the stock from $60.00 to $90.00 in a report on Friday, November 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Splunk has an average rating of “Buy” and a consensus price target of $98.26.
Splunk Company Profile
Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.
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