Aviva PLC raised its stake in Splunk Inc. (NASDAQ:SPLK) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 82,680 shares of the software company’s stock after buying an additional 1,500 shares during the period. Aviva PLC owned about 0.06% of Splunk worth $4,704,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Splunk by 4.7% in the first quarter. Vanguard Group Inc. now owns 10,801,598 shares of the software company’s stock worth $672,831,000 after buying an additional 480,657 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Splunk by 0.7% in the first quarter. Ameriprise Financial Inc. now owns 6,981,244 shares of the software company’s stock worth $434,861,000 after buying an additional 47,585 shares during the period. BlackRock Inc. increased its stake in shares of Splunk by 5,553.3% in the first quarter. BlackRock Inc. now owns 6,931,967 shares of the software company’s stock worth $431,791,000 after buying an additional 6,809,349 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Splunk by 40.1% in the second quarter. Bank of New York Mellon Corp now owns 3,942,003 shares of the software company’s stock worth $224,259,000 after buying an additional 1,128,410 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Splunk by 0.5% in the first quarter. Bank of America Corp DE now owns 3,076,286 shares of the software company’s stock worth $191,622,000 after buying an additional 16,089 shares during the period.

Shares of Splunk Inc. (NASDAQ SPLK) opened at 67.40 on Friday. Splunk Inc. has a one year low of $50.64 and a one year high of $69.23. The stock’s 50 day moving average price is $60.87 and its 200 day moving average price is $61.60. The stock’s market capitalization is $9.37 billion.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, August 24th. The software company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. Splunk had a negative return on equity of 75.18% and a negative net margin of 36.81%. The business had revenue of $279.96 million for the quarter, compared to analyst estimates of $268.72 million. During the same period last year, the company earned $0.05 EPS. The firm’s revenue was up 31.6% on a year-over-year basis. On average, analysts forecast that Splunk Inc. will post $0.54 EPS for the current year.

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A number of brokerages have recently weighed in on SPLK. Drexel Hamilton reiterated a “buy” rating and issued a $93.00 price target on shares of Splunk in a report on Thursday, July 13th. Royal Bank Of Canada reiterated a “buy” rating and issued a $75.00 price target on shares of Splunk in a report on Monday, July 31st. Robert W. Baird set a $71.00 price target on Splunk and gave the company a “buy” rating in a report on Saturday, May 27th. Zacks Investment Research upgraded Splunk from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Mitsubishi UFJ Financial Group reiterated a “buy” rating and issued a $75.00 price target on shares of Splunk in a report on Friday, August 25th. Twelve analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $72.53.

In other Splunk news, CFO David F. Conte sold 10,525 shares of Splunk stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $66.03, for a total transaction of $694,965.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Douglas Merritt sold 10,125 shares of Splunk stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $58.01, for a total value of $587,351.25. Following the transaction, the insider now owns 231,440 shares in the company, valued at $13,425,834.40. The disclosure for this sale can be found here. Insiders sold a total of 567,237 shares of company stock worth $33,165,553 over the last 90 days. 3.00% of the stock is owned by corporate insiders.

About Splunk

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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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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