8,373 Shares in Splunk Inc (SPLK) Acquired by Korea Investment CORP

Korea Investment CORP acquired a new position in Splunk Inc (NASDAQ:SPLK) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 8,373 shares of the software company’s stock, valued at approximately $1,012,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPLK. Principal Financial Group Inc. raised its holdings in Splunk by 110.9% in the first quarter. Principal Financial Group Inc. now owns 20,790 shares of the software company’s stock valued at $2,045,000 after buying an additional 10,931 shares during the period. Dupont Capital Management Corp raised its holdings in Splunk by 81.5% in the second quarter. Dupont Capital Management Corp now owns 5,671 shares of the software company’s stock valued at $562,000 after buying an additional 2,546 shares during the period. Aperio Group LLC raised its holdings in Splunk by 22.9% in the second quarter. Aperio Group LLC now owns 33,024 shares of the software company’s stock valued at $3,273,000 after buying an additional 6,154 shares during the period. Commonwealth Equity Services LLC raised its holdings in Splunk by 60.6% in the second quarter. Commonwealth Equity Services LLC now owns 5,443 shares of the software company’s stock valued at $539,000 after buying an additional 2,054 shares during the period. Finally, Comerica Bank raised its holdings in Splunk by 9.3% in the second quarter. Comerica Bank now owns 10,919 shares of the software company’s stock valued at $1,171,000 after buying an additional 927 shares during the period. Hedge funds and other institutional investors own 91.41% of the company’s stock.

Shares of NASDAQ:SPLK opened at $105.66 on Friday. Splunk Inc has a 12-month low of $79.21 and a 12-month high of $130.00.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings results on Thursday, November 29th. The software company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.61. The business had revenue of $480.98 million during the quarter, compared to analyst estimates of $433.60 million. Splunk had a negative net margin of 18.92% and a negative return on equity of 22.60%. The business’s revenue was up 40.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 earnings per share. Equities analysts expect that Splunk Inc will post -1.07 EPS for the current fiscal year.

Several research analysts recently commented on the stock. Zacks Investment Research lowered shares of Splunk from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. Credit Suisse Group raised their price target on shares of Splunk from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, August 24th. Rosenblatt Securities restated a “buy” rating and issued a $135.00 price target on shares of Splunk in a report on Sunday, August 26th. Piper Jaffray Companies raised their price target on shares of Splunk to $135.00 and gave the company an “overweight” rating in a report on Friday, August 24th. Finally, Barclays raised their price target on shares of Splunk from $127.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $128.22.

In related news, SVP Timothy Tully sold 19,100 shares of Splunk stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $125.46, for a total value of $2,396,286.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David F. Conte sold 15,519 shares of Splunk stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $125.29, for a total transaction of $1,944,375.51. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,203 shares of company stock valued at $9,099,674. Insiders own 0.36% of the company’s stock.

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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.

Further Reading: What is a Derivative?

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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