Candriam Luxembourg S.C.A. boosted its stake in shares of Splunk Inc (NASDAQ:SPLK) by 24.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,943 shares of the software company’s stock after buying an additional 20,779 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Splunk were worth $8,776,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in Splunk by 9.3% during 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. Bank of New York Mellon Corp lifted its holdings in shares of Splunk by 6.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,196,508 shares of the software company’s stock valued at $278,773,000 after purchasing an additional 254,505 shares during the last quarter. Carmignac Gestion purchased a new stake in shares of Splunk during the 3rd quarter valued at $198,193,000. State Street Corp lifted its holdings in shares of Splunk by 1.9% during the 2nd quarter. State Street Corp now owns 2,807,558 shares of the software company’s stock valued at $159,709,000 after purchasing an additional 52,796 shares during the last quarter. Finally, TCW Group Inc. lifted its holdings in shares of Splunk by 3.7% during the 3rd quarter. TCW Group Inc. now owns 2,390,424 shares of the software company’s stock valued at $158,796,000 after purchasing an additional 85,386 shares during the last quarter.

Several analysts have recently commented on SPLK shares. KeyCorp reiterated a “buy” rating on shares of Splunk in a report on Friday, October 27th. Maxim Group reiterated a “buy” rating and set a $79.00 price objective on shares of Splunk in a report on Friday, October 27th. Zacks Investment Research lowered Splunk from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Barclays upgraded Splunk from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $80.00 to $105.00 in a report on Monday, January 8th. Finally, Needham & Company LLC started coverage on Splunk in a report on Monday, October 23rd. They set a “buy” rating and a $95.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirty have issued a buy rating to the stock. Splunk currently has a consensus rating of “Buy” and an average target price of $84.29.

Splunk Inc (NASDAQ:SPLK) opened at $88.78 on Wednesday. The stock has a market capitalization of $12,560.00, a price-to-earnings ratio of -39.81 and a beta of 2.04. Splunk Inc has a 52 week low of $54.17 and a 52 week high of $93.68.

Splunk (NASDAQ:SPLK) last issued its earnings results on Thursday, November 16th. The software company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $0.59. The company had revenue of $328.65 million during the quarter, compared to analyst estimates of $309.01 million. Splunk had a negative return on equity of 72.06% and a negative net margin of 32.72%. analysts forecast that Splunk Inc will post -1.3 earnings per share for the current year.

In other Splunk news, Director Godfrey Sullivan sold 8,750 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $81.29, for a total transaction of $711,287.50. Following the sale, the director now directly owns 207,239 shares of the company’s stock, valued at approximately $16,846,458.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David F. Conte sold 6,993 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $80.73, for a total value of $564,544.89. Following the sale, the chief financial officer now directly owns 110,364 shares in the company, valued at $8,909,685.72. The disclosure for this sale can be found here. Insiders have sold a total of 30,720 shares of company stock worth $2,477,118 over the last ninety days. 1.43% of the stock is owned by insiders.

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Splunk 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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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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