Gulf International Bank UK Ltd increased its position in shares of Splunk Inc (NASDAQ:SPLK) by 14.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,554 shares of the software company’s stock after acquiring an additional 6,100 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Splunk were worth $5,870,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Mn Services Vermogensbeheer B.V. lifted its stake in shares of Splunk by 5.9% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 23,294 shares of the software company’s stock valued at $2,816,000 after acquiring an additional 1,300 shares during the period. Bbva Compass Bancshares Inc. acquired a new position in shares of Splunk during the third quarter valued at $248,000. CIBC Asset Management Inc lifted its stake in shares of Splunk by 554.5% during the third quarter. CIBC Asset Management Inc now owns 39,623 shares of the software company’s stock valued at $4,791,000 after acquiring an additional 33,569 shares during the period. Commerce Bank acquired a new position in shares of Splunk during the third quarter valued at $277,000. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Splunk during the third quarter valued at $169,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.
In other Splunk news, CFO David F. Conte sold 15,519 shares of the stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $125.29, for a total value of $1,944,375.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas Merritt sold 23,572 shares of the stock in a transaction dated 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. Insiders sold 69,032 shares of company stock valued at $8,640,864 over the last 90 days. Corporate insiders own 0.36% of the company’s stock.
Several brokerages have recently issued reports on SPLK. ValuEngine raised Splunk from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 2nd. Zacks Investment Research lowered Splunk from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. Piper Jaffray Companies upped their price target on Splunk to $135.00 and gave the company an “overweight” rating in a research note on Friday, August 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 price target (up previously from $127.00) on shares of Splunk in a research note on Friday, August 24th. Finally, Monness Crespi & Hardt upped their price target on Splunk from $145.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. Splunk has an average rating of “Buy” and an average price target of $123.63.
Shares of Splunk stock opened at $98.54 on Friday. Splunk Inc has a 1 year low of $67.01 and a 1 year high of $130.00. The stock has a market capitalization of $13.77 billion, a price-to-earnings ratio of -75.22 and a beta of 2.15.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Thursday, August 23rd. The software company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. Splunk had a negative return on equity of 26.44% and a negative net margin of 20.55%. The company had revenue of $388.30 million during the quarter, compared to the consensus estimate of $358.46 million. During the same period in the prior year, the company earned $0.08 earnings per share. The company’s revenue for the quarter was up 38.6% compared to the same quarter last year. On average, sell-side analysts predict that Splunk Inc will post -1.15 EPS for the current fiscal year.
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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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