Splunk Inc (SPLK) Shares Bought by AMP Capital Investors Ltd

AMP Capital Investors Ltd raised its stake in Splunk Inc (NASDAQ:SPLK) by 38.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,232 shares of the software company’s stock after buying an additional 14,398 shares during the period. AMP Capital Investors Ltd’s holdings in Splunk were worth $5,175,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its holdings in shares of Splunk by 207.5% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 16,012 shares of the software company’s stock valued at $1,577,000 after buying an additional 10,805 shares in the last quarter. State of Wisconsin Investment Board raised its holdings in shares of Splunk by 4.4% during the 1st quarter. State of Wisconsin Investment Board now owns 150,368 shares of the software company’s stock valued at $14,795,000 after buying an additional 6,363 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Splunk by 7.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 480,275 shares of the software company’s stock valued at $47,255,000 after buying an additional 33,855 shares in the last quarter. ETRADE Capital Management LLC raised its holdings in shares of Splunk by 37.0% during the 1st quarter. ETRADE Capital Management LLC now owns 3,558 shares of the software company’s stock valued at $350,000 after buying an additional 961 shares in the last quarter. Finally, Aperio Group LLC raised its holdings in shares of Splunk by 81.6% during the 1st quarter. Aperio Group LLC now owns 26,870 shares of the software company’s stock valued at $2,644,000 after buying an additional 12,074 shares in the last quarter. 89.58% of the stock is owned by institutional investors.

SPLK has been the topic of a number of research reports. Citigroup cut Splunk from a “neutral” rating to a “sell” rating in a report on Friday, June 15th. Bank of America raised their price objective on Splunk from $128.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 16th. Zacks Investment Research raised Splunk from a “hold” rating to a “buy” rating and set a $139.00 price objective on the stock in a report on Tuesday, August 28th. Royal Bank of Canada reissued an “outperform” rating on shares of Splunk in a report on Friday, August 24th. Finally, Maxim Group raised their price objective on Splunk from $126.00 to $133.00 and gave the company a “buy” rating in a report on Friday, August 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $121.43.

In other news, Director Godfrey Sullivan sold 8,750 shares of Splunk stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $126.00, for a total value of $1,102,500.00. Following the sale, the director now directly owns 144,755 shares in the company, valued at approximately $18,239,130. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Douglas Merritt sold 23,572 shares of Splunk stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $124.58, for a total value of $2,936,599.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,941 shares of company stock worth $8,379,761. Corporate insiders own 0.36% of the company’s stock.

Shares of SPLK stock opened at $125.37 on Friday. The company has a market capitalization of $18.26 billion, a PE ratio of -95.70 and a beta of 2.08. Splunk Inc has a fifty-two week low of $62.39 and a fifty-two week high of $130.00.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, August 23rd. The software company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.03. The firm had revenue of $388.30 million for the quarter, compared to analyst estimates of $358.46 million. Splunk had a negative return on equity of 26.44% and a negative net margin of 20.55%. The business’s quarterly revenue was up 38.6% compared to the same quarter last year. During the same period last year, the company earned $0.08 EPS. equities research analysts anticipate that Splunk Inc will post -1.15 earnings per share for the current year.

Splunk Profile

Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to collect, index, search, explore, monitor, correlate, and analyze data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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