Centaurus Financial Inc. purchased a new stake in Splunk Inc (NASDAQ:SPLK) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,250 shares of the software company’s stock, valued at approximately $124,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. lifted its holdings in Splunk by 3.8% in the 2nd quarter. BlackRock Inc. now owns 8,074,220 shares of the software company’s stock valued at $800,235,000 after acquiring an additional 298,117 shares during the last quarter. FMR LLC raised its holdings in Splunk by 3.6% during the 2nd quarter. FMR LLC now owns 1,592,052 shares of the software company’s stock worth $157,789,000 after buying an additional 54,789 shares during the period. Whale Rock Capital Management LLC acquired a new stake in Splunk during the 1st quarter worth about $141,945,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Splunk by 16.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,074,978 shares of the software company’s stock worth $106,541,000 after buying an additional 149,894 shares during the period. Finally, First Trust Advisors LP raised its holdings in Splunk by 46.6% during the 2nd quarter. First Trust Advisors LP now owns 984,523 shares of the software company’s stock worth $97,576,000 after buying an additional 312,893 shares during the period. 90.16% of the stock is owned by institutional investors.

Several analysts have issued reports on the company. BidaskClub downgraded Splunk from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 20th. Piper Jaffray Companies boosted their price objective on Splunk to $135.00 and gave the stock an “overweight” rating in a report on Friday, August 24th. Needham & Company LLC restated a “buy” rating and set a $145.00 price objective (up previously from $127.00) on shares of Splunk in a report on Friday, August 24th. Barclays boosted their price objective on Splunk from $127.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 7th. Finally, Monness Crespi & Hardt boosted their price objective on Splunk from $145.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, August 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. Splunk presently has an average rating of “Buy” and a consensus target price of $121.43.

In related news, insider Douglas Merritt sold 23,572 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $124.58, for a total value of $2,936,599.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Timothy Tully sold 19,100 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $125.46, for a total value of $2,396,286.00. The disclosure for this sale can be found here. Insiders sold a total of 69,032 shares of company stock worth $8,640,864 in the last quarter. 0.36% of the stock is owned by corporate insiders.

Shares of SPLK opened at $116.11 on Tuesday. The stock has a market capitalization of $16.88 billion, a PE ratio of -88.63 and a beta of 2.06. Splunk Inc has a fifty-two week low of $62.39 and a fifty-two week high of $130.00.

Splunk (NASDAQ:SPLK) last issued its earnings results on Thursday, August 23rd. The software company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The company had revenue of $388.30 million for the quarter, compared to the consensus estimate of $358.46 million. Splunk had a negative return on equity of 26.44% and a negative net margin of 20.55%. The firm’s quarterly revenue was up 38.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. sell-side analysts forecast that Splunk Inc will post -0.8 earnings per share for the current fiscal year.

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.

Featured Article: Momentum Indicator: Relative Strength Index

Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

Receive News & Ratings for Splunk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splunk and related companies with MarketBeat.com's FREE daily email newsletter.