Crossvault Capital Management LLC lowered its position in shares of Splunk Inc. (NASDAQ:SPLK) by 4.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 23,515 shares of the software company’s stock after selling 1,050 shares during the period. Crossvault Capital Management LLC’s holdings in Splunk were worth $1,274,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. LS Investment Advisors LLC boosted its stake in shares of Splunk by 5.5% in the second quarter. LS Investment Advisors LLC now owns 2,367 shares of the software company’s stock worth $128,000 after buying an additional 123 shares during the last quarter. Bayesian Capital Management LP purchased a new position in Splunk during the first quarter valued at $284,000. Benjamin F. Edwards & Company Inc. purchased a new position in Splunk during the second quarter valued at $303,000. Capital One National Association boosted its position in Splunk by 34.8% in the second quarter. Capital One National Association now owns 6,958 shares of the software company’s stock valued at $377,000 after buying an additional 1,797 shares during the last quarter. Finally, BlueMountain Capital Management LLC boosted its position in Splunk by 273.1% in the first quarter. BlueMountain Capital Management LLC now owns 8,351 shares of the software company’s stock valued at $409,000 after buying an additional 6,113 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.
Shares of Splunk Inc. (NASDAQ:SPLK) traded up 1.65% during mid-day trading on Friday, reaching $58.68. 1,470,223 shares of the company’s stock were exchanged. The company’s 50 day moving average is $60.69 and its 200 day moving average is $55.52. Splunk Inc. has a 1-year low of $29.85 and a 1-year high of $66.90. The stock’s market capitalization is $7.89 billion.
Splunk (NASDAQ:SPLK) last issued its quarterly earnings results on Thursday, August 25th. The software company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. Splunk had a negative net margin of 42.84% and a negative return on equity of 38.45%. The business had revenue of $212.80 million for the quarter, compared to analyst estimates of $200.52 million. During the same quarter in the prior year, the business posted $0.03 EPS. Splunk’s revenue for the quarter was up 43.5% compared to the same quarter last year. Equities research analysts anticipate that Splunk Inc. will post $0.29 EPS for the current fiscal year.
SPLK has been the topic of several research analyst reports. Drexel Hamilton reaffirmed a “buy” rating and issued a $90.00 price target (up previously from $85.00) on shares of Splunk in a report on Monday, August 29th. Summit Redstone set a $72.00 price target on shares of Splunk and gave the stock a “buy” rating in a report on Monday, September 19th. RBC Capital Markets reaffirmed a “buy” rating and issued a $70.00 price target (up previously from $60.00) on shares of Splunk in a report on Friday, August 19th. Vetr cut shares of Splunk from a “strong-buy” rating to a “buy” rating and set a $66.00 price target on the stock. in a report on Wednesday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $70.00 price target (up previously from $60.00) on shares of Splunk in a report on Friday, August 19th. Eleven equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $67.48.
In other news, SVP Leonard R. Stein sold 1,075 shares of the company’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $60.00, for a total value of $64,500.00. Following the sale, the senior vice president now directly owns 115,262 shares of the company’s stock, valued at approximately $6,915,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Godfrey Sullivan sold 40,000 shares of the company’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $57.47, for a total transaction of $2,298,800.00. Following the completion of the sale, the director now directly owns 505,426 shares in the company, valued at $29,046,832.22. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.
Splunk Company Profile
Splunk Inc is a provider of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. It operates through the development and marketing of software solutions segment, which enables its customers to gain real-time operational intelligence by harnessing the value of their data.
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