Treasurer of the State of North Carolina Raises Stake in Splunk Inc (NASDAQ:SPLK)

Treasurer of the State of North Carolina boosted its holdings in shares of Splunk Inc (NASDAQ:SPLK) by 3.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,567 shares of the software company’s stock after acquiring an additional 1,925 shares during the period. Treasurer of the State of North Carolina’s holdings in Splunk were worth $7,868,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in Splunk by 8.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 24,287,809 shares of the software company’s stock worth $3,054,191,000 after buying an additional 1,942,047 shares during the last quarter. Invesco Ltd. raised its holdings in Splunk by 231.1% in the second quarter. Invesco Ltd. now owns 1,141,819 shares of the software company’s stock worth $143,584,000 after buying an additional 796,914 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in Splunk by 910.6% in the second quarter. Nuveen Asset Management LLC now owns 644,226 shares of the software company’s stock worth $81,011,000 after buying an additional 580,476 shares during the last quarter. FIL Ltd raised its holdings in Splunk by 137.0% in the first quarter. FIL Ltd now owns 762,619 shares of the software company’s stock worth $95,023,000 after buying an additional 440,879 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Splunk by 2.8% in the second quarter. Vanguard Group Inc. now owns 13,535,699 shares of the software company’s stock worth $1,702,114,000 after buying an additional 370,125 shares during the last quarter. 91.07% of the stock is owned by institutional investors.

Shares of NASDAQ SPLK opened at $122.85 on Friday. The firm has a 50 day moving average of $116.75 and a 200 day moving average of $125.64. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $18.59 billion, a price-to-earnings ratio of -77.26 and a beta of 2.06. Splunk Inc has a 12-month low of $83.69 and a 12-month high of $143.70.

Splunk (NASDAQ:SPLK) last announced its earnings results on Wednesday, August 21st. The software company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.51) by $0.16. The company had revenue of $516.56 million during the quarter, compared to analyst estimates of $488.97 million. Splunk had a negative net margin of 15.16% and a negative return on equity of 12.73%. The firm’s quarterly revenue was up 33.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 earnings per share. Sell-side analysts predict that Splunk Inc will post -0.83 EPS for the current year.

In other Splunk news, SVP Timothy Tully sold 4,391 shares of Splunk stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $115.21, for a total transaction of $505,887.11. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas Merritt sold 13,341 shares of Splunk stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $115.20, for a total transaction of $1,536,883.20. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

Several brokerages have issued reports on SPLK. Wedbush reaffirmed an “outperform” rating and issued a $158.00 target price (down from $163.00) on shares of Splunk in a report on Tuesday, August 20th. BidaskClub upgraded shares of Splunk from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Credit Suisse Group reduced their price target on shares of Splunk from $160.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday, August 22nd. Argus set a $156.00 price target on shares of Splunk and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Maxim Group set a $148.00 price target on shares of Splunk and gave the stock a “buy” rating in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-four have given a buy rating to the company’s stock. Splunk has an average rating of “Buy” and an average price target of $146.11.

About Splunk

Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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