Bank Hapoalim BM reduced its stake in Splunk Inc (NASDAQ:SPLK) by 28.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,430 shares of the software company’s stock after selling 1,350 shares during the quarter. Bank Hapoalim BM’s holdings in Splunk were worth $427,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc raised its position in Splunk by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 12,476,788 shares of the software company’s stock worth $1,508,569,000 after buying an additional 37,885 shares during the last quarter. JPMorgan Chase & Co. raised its position in Splunk by 7.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,122,059 shares of the software company’s stock worth $377,486,000 after buying an additional 219,247 shares during the last quarter. Norges Bank purchased a new position in Splunk during the 4th quarter worth approximately $210,940,000. Geode Capital Management LLC raised its position in Splunk by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 1,338,165 shares of the software company’s stock worth $140,208,000 after buying an additional 42,563 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in Splunk by 37.6% during the 4th quarter. Hsbc Holdings PLC now owns 1,278,350 shares of the software company’s stock worth $134,036,000 after buying an additional 349,380 shares during the last quarter. 93.65% of the stock is owned by hedge funds and other institutional investors.
In other Splunk news, Director Patricia Morrison sold 5,000 shares of Splunk stock in a transaction on Monday, March 4th. The shares were sold at an average price of $134.44, for a total transaction of $672,200.00. Following the sale, the director now owns 26,359 shares of the company’s stock, valued at approximately $3,543,703.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David F. Conte sold 7,820 shares of Splunk 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 sale, the chief financial officer now directly owns 116,056 shares in the company, valued at approximately $14,860,970.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 124,271 shares of company stock worth $15,613,440. 0.36% of the stock is currently owned by corporate insiders.
Splunk (NASDAQ:SPLK) last announced its earnings results on Thursday, February 28th. The software company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). Splunk had a negative return on equity of 14.59% and a negative net margin of 15.28%. The business had revenue of $622.09 million for the quarter, compared to analyst estimates of $562.22 million. As a group, analysts forecast that Splunk Inc will post -1.08 EPS for the current year.
A number of research firms have issued reports on SPLK. Morgan Stanley raised their price target on shares of Splunk from $121.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 19th. BidaskClub raised shares of Splunk from a “hold” rating to a “buy” rating in a research report on Thursday, March 21st. Raymond James raised their price target on shares of Splunk from $122.00 to $157.00 and gave the stock an “outperform” rating in a research report 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 report on Friday, March 1st. Finally, Deutsche Bank raised their price target on shares of Splunk to $160.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Two research 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 given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $143.84.
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Splunk Company 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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