Bronfman E.L. Rothschild L.P. raised its position in shares of Splunk Inc (NASDAQ:SPLK) by 472.3% in the third quarter, HoldingsChannel reports. The firm owned 1,013 shares of the software company’s stock after buying an additional 836 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Splunk were worth $122,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new stake in shares of Splunk during the 2nd quarter worth about $104,000. Point72 Hong Kong Ltd purchased a new stake in shares of Splunk during the 2nd quarter worth about $110,000. Centaurus Financial Inc. bought a new position in shares of Splunk in the 2nd quarter valued at approximately $124,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Splunk by 152.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,651 shares of the software company’s stock valued at $164,000 after acquiring an additional 996 shares in the last quarter. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Splunk in the 3rd quarter valued at approximately $169,000. 91.41% of the stock is owned by institutional investors.

In other Splunk news, Director Godfrey Sullivan sold 8,750 shares of Splunk stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $126.00, for a total value of $1,102,500.00. Following the transaction, the director now directly owns 144,755 shares of the company’s stock, valued at approximately $18,239,130. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark T. Carges sold 4,171 shares of Splunk stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $110.00, for a total value of $458,810.00. Following the completion of the transaction, the director now directly owns 15,273 shares in the company, valued at $1,680,030. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,203 shares of company stock worth $9,099,674. Company insiders own 0.36% of the company’s stock.

SPLK has been the topic of a number of recent analyst reports. BidaskClub downgraded Splunk from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 20th. Bank of America raised their price objective on Splunk from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 16th. Rosenblatt Securities reissued a “buy” rating and issued a $135.00 price objective on shares of Splunk in a research note on Sunday, August 26th. Wells Fargo & Co raised their price objective on Splunk from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, August 24th. Finally, ValuEngine downgraded Splunk from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $128.22.

Shares of NASDAQ SPLK opened at $105.66 on Friday. The company has a market capitalization of $15.66 billion, a price-to-earnings ratio of -80.66 and a beta of 2.13. Splunk Inc has a 12 month low of $79.21 and a 12 month high of $130.00.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings results on Thursday, November 29th. The software company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.61. The company had revenue of $480.98 million for the quarter, compared to the consensus estimate of $433.60 million. Splunk had a negative return on equity of 22.60% and a negative net margin of 18.92%. The company’s revenue for the quarter was up 40.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 EPS. On average, equities analysts anticipate that Splunk Inc will post -1.07 earnings per share for the current year.

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Splunk Profile

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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