Splunk Inc (SPLK) Position Lessened by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV lowered its stake in shares of Splunk Inc (NASDAQ:SPLK) by 7.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,685 shares of the software company’s stock after selling 1,620 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Splunk were worth $2,702,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SPLK. Norges Bank purchased a new position in Splunk during the fourth quarter worth approximately $210,940,000. Hsbc Holdings PLC raised its stake in Splunk by 37.6% during the fourth quarter. Hsbc Holdings PLC now owns 1,278,350 shares of the software company’s stock worth $134,036,000 after purchasing an additional 349,380 shares during the period. Carillon Tower Advisers Inc. raised its stake in Splunk by 48.6% during the first quarter. Carillon Tower Advisers Inc. now owns 929,339 shares of the software company’s stock worth $115,795,000 after purchasing an additional 303,809 shares during the period. JPMorgan Chase & Co. raised its stake in Splunk by 7.6% during the third quarter. JPMorgan Chase & Co. now owns 3,122,059 shares of the software company’s stock worth $377,486,000 after purchasing an additional 219,247 shares during the period. Finally, Scout Investments Inc. raised its stake in Splunk by 95.8% during the first quarter. Scout Investments Inc. now owns 387,950 shares of the software company’s stock worth $48,339,000 after purchasing an additional 189,779 shares during the period. 93.65% of the stock is currently owned by institutional investors.

SPLK has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their price target on shares of Splunk from $130.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, February 25th. Piper Jaffray Companies increased their price target on shares of Splunk to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 27th. Jefferies Financial Group cut their price target on shares of Splunk from $157.00 to $142.30 and set a “buy” rating on the stock in a research note on Friday, March 1st. Deutsche Bank increased their price target on shares of Splunk to $160.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Maxim Group increased their price target on shares of Splunk to $159.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $143.84.

In related news, SVP Timothy Tully sold 6,655 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $128.06, for a total transaction of $852,239.30. Following the completion of the sale, the senior vice president now directly owns 127,727 shares of the company’s stock, valued at approximately $16,356,719.62. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Leonard R. Stein sold 8,344 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $125.28, for a total transaction of $1,045,336.32. Following the sale, the senior vice president now directly owns 75,833 shares of the company’s stock, valued at $9,500,358.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,271 shares of company stock valued at $15,613,440. Company insiders own 0.36% of the company’s stock.

SPLK opened at $130.98 on Thursday. The firm has a market cap of $19.55 billion, a P/E ratio of -82.38 and a beta of 2.03. Splunk Inc has a twelve month low of $83.69 and a twelve month high of $143.70. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 1.07.

Splunk (NASDAQ:SPLK) last released its quarterly earnings results on Thursday, February 28th. The software company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.03). The firm had revenue of $622.09 million for the quarter, compared to analyst estimates of $562.22 million. Splunk had a negative net margin of 15.28% and a negative return on equity of 14.59%. Equities analysts forecast that Splunk Inc will post -1.08 earnings per share for the current year.

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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 investigate, monitor, analyze, and act on 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; Splunk Cloud; and Splunk Light, which offers log search and analysis for small IT environments.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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