Driehaus Capital Management LLC acquired a new stake in shares of Splunk Inc (NASDAQ:SPLK) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,036 shares of the software company’s stock, valued at approximately $1,411,000.
Several other large investors have also bought and sold shares of SPLK. Ark Investment Management LLC boosted its position in shares of Splunk by 68.6% during the 2nd quarter. Ark Investment Management LLC now owns 201,612 shares of the software company’s stock valued at $11,470,000 after purchasing an additional 82,023 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Splunk by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 130,972 shares of the software company’s stock valued at $7,453,000 after purchasing an additional 3,764 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Splunk by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,950 shares of the software company’s stock valued at $282,000 after purchasing an additional 389 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Splunk during the 3rd quarter valued at about $201,000. Finally, Stevens Capital Management LP bought a new position in shares of Splunk during the 3rd quarter valued at about $1,166,000.
Several research analysts have commented on SPLK shares. Barclays upgraded shares of Splunk from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $80.00 to $105.00 in a report on Monday, January 8th. Zacks Investment Research upgraded shares of Splunk from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a report on Friday, January 19th. Deutsche Bank raised their target price on shares of Splunk to $100.00 and gave the stock a “buy” rating in a report on Monday, January 15th. Maxim Group raised their target price on shares of Splunk from $79.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, November 17th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $90.00 target price (up from $76.00) on shares of Splunk in a report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $98.26.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, March 1st. The software company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. The firm had revenue of $419.70 million for the quarter, compared to analyst estimates of $390.79 million. Splunk had a negative net margin of 20.39% and a negative return on equity of 31.82%. The company’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 earnings per share. sell-side analysts anticipate that Splunk Inc will post -1.21 EPS for the current fiscal year.
In related news, CFO David F. Conte sold 6,993 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $80.73, for a total transaction of $564,544.89. Following the transaction, the chief financial officer now owns 110,364 shares of the company’s stock, valued at $8,909,685.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.43% of the stock is currently owned by company insiders.
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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