Meitav Dash Investments Ltd. reduced its stake in Splunk Inc (NASDAQ:SPLK) by 75.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,706 shares of the software company’s stock after selling 11,110 shares during the period. Meitav Dash Investments Ltd.’s holdings in Splunk were worth $736,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in SPLK. Jennison Associates LLC boosted its holdings in shares of Splunk by 7.8% in the first quarter. Jennison Associates LLC now owns 6,568,690 shares of the software company’s stock valued at $829,166,000 after acquiring an additional 473,790 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of Splunk by 0.9% in the first quarter. Clearbridge Investments LLC now owns 4,845,224 shares of the software company’s stock valued at $611,613,000 after acquiring an additional 44,910 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Splunk by 36.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,227,375 shares of the software company’s stock valued at $281,162,000 after acquiring an additional 597,306 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Splunk by 9.2% in the first quarter. Geode Capital Management LLC now owns 1,774,839 shares of the software company’s stock valued at $223,848,000 after acquiring an additional 149,291 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of Splunk by 0.6% during the second quarter. First Trust Advisors LP now owns 1,702,932 shares of the software company’s stock worth $338,373,000 after purchasing an additional 9,860 shares during the period. Institutional investors own 92.83% of the company’s stock.
In other news, insider Ledger Susan St. sold 18,739 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $178.88, for a total value of $3,352,032.32. Following the completion of the sale, the insider now directly owns 208,570 shares in the company, valued at approximately $37,309,001.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Graham Smith sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $175.90, for a total value of $175,900.00. Following the completion of the sale, the director now owns 42,679 shares of the company’s stock, valued at $7,507,236.10. The disclosure for this sale can be found here. Insiders have sold a total of 85,327 shares of company stock worth $15,333,419 over the last 90 days. 0.34% of the stock is owned by company insiders.
SPLK stock traded up $5.70 during midday trading on Thursday, hitting $201.16. 32,158 shares of the company’s stock were exchanged, compared to its average volume of 1,316,755. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.16. Splunk Inc has a 12-month low of $93.92 and a 12-month high of $217.36. The firm has a 50 day moving average price of $202.45 and a 200-day moving average price of $164.74. The stock has a market capitalization of $31.40 billion, a price-to-earnings ratio of -63.46 and a beta of 1.61.
Splunk (NASDAQ:SPLK) last posted its quarterly earnings data on Thursday, May 21st. The software company reported ($0.56) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.57) by $0.01. Splunk had a negative return on equity of 17.40% and a negative net margin of 20.56%. The company had revenue of $434.08 million for the quarter, compared to the consensus estimate of $443.60 million. During the same period in the previous year, the business earned $0.02 EPS. Splunk’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, sell-side analysts forecast that Splunk Inc will post -3.54 EPS for the current fiscal year.
Several equities research analysts recently weighed in on the company. Mizuho increased their price target on Splunk from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday. Argus increased their price target on Splunk from $156.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Morgan Stanley increased their price target on Splunk from $172.00 to $246.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Cowen downgraded Splunk from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $165.00 to $140.00 in a report on Friday, April 24th. Finally, Royal Bank of Canada increased their price target on Splunk from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirty-one have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $195.35.
Splunk Company Profile
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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