38,090 Shares in Splunk Inc (SPLK) Acquired by Alphinity Investment Management Pty Ltd
Alphinity Investment Management Pty Ltd acquired a new position in Splunk Inc (NASDAQ:SPLK) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 38,090 shares of the software company’s stock, valued at approximately $3,155,000. Splunk comprises approximately 2.8% of Alphinity Investment Management Pty Ltd’s investment portfolio, making the stock its 20th largest holding.
Other institutional investors and hedge funds have also made changes to their positions in the company. Carmignac Gestion acquired a new position in shares of Splunk in the third quarter worth about $198,193,000. Carillon Tower Advisers Inc. acquired a new position in shares of Splunk in the fourth quarter worth about $34,127,000. JPMorgan Chase & Co. boosted its holdings in shares of Splunk by 9.3% in the third quarter. JPMorgan Chase & Co. now owns 4,593,033 shares of the software company’s stock worth $308,053,000 after buying an additional 389,565 shares during the period. BlackRock Inc. boosted its holdings in shares of Splunk by 4.2% in the fourth quarter. BlackRock Inc. now owns 7,517,442 shares of the software company’s stock worth $622,742,000 after buying an additional 302,410 shares during the period. Finally, Garelick Capital Partners LP acquired a new position in shares of Splunk in the fourth quarter worth about $22,418,000. 98.50% of the stock is currently owned by institutional investors.
Shares of Splunk Inc (NASDAQ SPLK) opened at $102.32 on Monday. The stock has a market cap of $14,470.00, a P/E ratio of -55.01 and a beta of 1.95. Splunk Inc has a one year low of $54.17 and a one year high of $102.61.
Several research analysts have commented on the stock. Stifel Nicolaus upgraded shares of Splunk from a “hold” rating to a “buy” rating and raised their target price for the stock from $75.00 to $120.00 in a report on Friday. Mizuho raised their target price on shares of Splunk from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday. Bank of America raised their target price on shares of Splunk from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday. Wells Fargo & Co raised their target price on shares of Splunk from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Stephens restated a “buy” rating and set a $115.00 price target on shares of Splunk in a report on Friday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $97.53.
In other Splunk news, insider Douglas Merritt sold 10,126 shares of Splunk stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $80.05, for a total value of $810,586.30. Following the completion of the sale, the insider now directly owns 189,079 shares in the company, valued at $15,135,773.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David F. Conte sold 6,993 shares of Splunk stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $80.73, for a total transaction of $564,544.89. Following the completion of the sale, the chief financial officer now owns 110,364 shares of the company’s stock, valued at $8,909,685.72. The disclosure for this sale can be found here. Insiders sold 30,720 shares of company stock valued at $2,477,118 over the last quarter. Corporate insiders own 1.43% of the company’s stock.
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Splunk Company Profile
Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.
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