California State Teachers Retirement System Boosts Position in Splunk Inc (SPLK)

California State Teachers Retirement System increased its holdings in shares of Splunk Inc (NASDAQ:SPLK) by 3.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 238,672 shares of the software company’s stock after purchasing an additional 7,265 shares during the quarter. California State Teachers Retirement System owned 0.16% of Splunk worth $25,025,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPLK. Berman Capital Advisors LLC bought a new position in shares of Splunk during the 4th quarter worth approximately $29,000. Bessemer Group Inc. grew its stake in shares of Splunk by 192.2% during the 4th quarter. Bessemer Group Inc. now owns 301 shares of the software company’s stock worth $32,000 after acquiring an additional 198 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of Splunk during the 4th quarter worth approximately $56,000. AlphaOne Investment Services LLC bought a new position in shares of Splunk during the 4th quarter worth approximately $66,000. Finally, Parallel Advisors LLC grew its stake in shares of Splunk by 111.3% during the 4th quarter. Parallel Advisors LLC now owns 638 shares of the software company’s stock worth $66,000 after acquiring an additional 336 shares in the last quarter. 93.95% of the stock is owned by institutional investors and hedge funds.

In other Splunk news, CFO David F. Conte sold 7,820 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $128.05, for a total transaction of $1,001,351.00. Following the completion of the sale, the chief financial officer now owns 116,056 shares of the company’s stock, valued at approximately $14,860,970.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark T. Carges sold 2,105 shares of the firm’s stock in a transaction on Monday, January 7th. The shares were sold at an average price of $110.00, for a total value of $231,550.00. Following the sale, the director now directly owns 13,168 shares of the company’s stock, valued at approximately $1,448,480. The disclosure for this sale can be found here. Insiders have sold a total of 31,853 shares of company stock valued at $3,929,076 in the last ninety days. Insiders own 0.36% of the company’s stock.



Several brokerages have recently weighed in on SPLK. Piper Jaffray Companies raised 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 decreased their price target on shares of Splunk from $157.00 to $142.30 and set a “buy” rating for the company in a research note on Friday, March 1st. Deutsche Bank raised 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. Maxim Group raised 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. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and set a $200.00 price target (up from $170.00) on shares of Splunk in a research note on Friday, March 1st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $141.94.

NASDAQ SPLK opened at $126.42 on Friday. The company has a market capitalization of $18.44 billion, a PE ratio of -79.51 and a beta of 2.05. The company has a debt-to-equity ratio of 1.14, a current ratio of 3.84 and a quick ratio of 3.84. Splunk Inc has a 12 month low of $83.69 and a 12 month high of $143.70.

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About Splunk

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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