Rehmann Capital Advisory Group Has $45,000 Holdings in Splunk Inc (SPLK)

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Rehmann Capital Advisory Group lessened its stake in shares of Splunk Inc (NASDAQ:SPLK) by 87.9% during the 4th quarter, Holdings Channel reports. The firm owned 431 shares of the software company’s stock after selling 3,137 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Splunk were worth $45,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Taylor Frigon Capital Management LLC grew its holdings in Splunk by 0.5% during the fourth quarter. Taylor Frigon Capital Management LLC now owns 17,800 shares of the software company’s stock valued at $1,866,000 after purchasing an additional 87 shares during the last quarter. Utah Retirement Systems grew its holdings in Splunk by 0.4% during the fourth quarter. Utah Retirement Systems now owns 27,100 shares of the software company’s stock valued at $2,841,000 after purchasing an additional 100 shares during the last quarter. ETRADE Capital Management LLC grew its holdings in Splunk by 1.7% during the fourth quarter. ETRADE Capital Management LLC now owns 6,182 shares of the software company’s stock valued at $648,000 after purchasing an additional 104 shares during the last quarter. Seelaus Asset Management LLC grew its holdings in Splunk by 8.5% during the fourth quarter. Seelaus Asset Management LLC now owns 2,560 shares of the software company’s stock valued at $268,000 after purchasing an additional 200 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in Splunk by 3.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 7,643 shares of the software company’s stock valued at $801,000 after purchasing an additional 281 shares during the last quarter. Institutional investors own 89.09% of the company’s stock.

SPLK has been the topic of several analyst reports. Zacks Investment Research upgraded Splunk from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a report on Wednesday, December 12th. Cowen restated a “buy” rating and issued a $133.00 price objective on shares of Splunk in a research note on Sunday, December 2nd. Bank of America restated a “buy” rating and issued a $143.00 price objective (up previously from $140.00) on shares of Splunk in a research note on Friday, November 30th. BidaskClub upgraded shares of Splunk from a “hold” rating to a “buy” rating in a research note on Tuesday, November 27th. Finally, ValuEngine downgraded shares of Splunk from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 21st. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Splunk has an average rating of “Buy” and an average price target of $140.98.

In related news, General Counsel Scott Morgan sold 3,480 shares of the firm’s stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $106.94, for a total value of $372,151.20. Following the completion of the transaction, the general counsel now directly owns 52,902 shares of the company’s stock, valued at $5,657,339.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Godfrey Sullivan sold 8,750 shares of the firm’s stock in a transaction on Monday, December 10th. The stock was sold at an average price of $104.24, for a total value of $912,100.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,614 shares of company stock valued at $6,001,679. 0.36% of the stock is owned by company insiders.

Shares of SPLK stock opened at $122.43 on Friday. The firm has a market capitalization of $18.09 billion, a P/E ratio of -77.00 and a beta of 2.11. Splunk Inc has a one year low of $83.69 and a one year high of $143.70. The company has a debt-to-equity ratio of 1.14, a current ratio of 3.84 and a quick ratio of 3.84.

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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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