DnB Asset Management AS cut its holdings in Splunk Inc (NASDAQ:SPLK) by 25.7% in the fourth quarter, Holdings Channel reports. The fund owned 308,617 shares of the software company’s stock after selling 106,705 shares during the quarter. DnB Asset Management AS’s holdings in Splunk were worth $25,566,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Splunk by 5.1% in the second quarter. Vanguard Group Inc. now owns 11,347,936 shares of the software company’s stock valued at $645,584,000 after acquiring an additional 546,338 shares during the last quarter. BlackRock Inc. lifted its stake in Splunk by 2.1% in the second quarter. BlackRock Inc. now owns 7,075,105 shares of the software company’s stock valued at $402,503,000 after acquiring an additional 143,138 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Splunk by 9.3% in the third quarter. JPMorgan Chase & Co. now owns 4,593,033 shares of the software company’s stock valued at $308,053,000 after acquiring an additional 389,565 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Splunk by 6.5% in the third 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 acquiring an additional 254,505 shares during the last quarter. Finally, Carmignac Gestion acquired a new stake in Splunk in the third quarter valued at approximately $198,193,000.

In other news, SVP Leonard R. Stein sold 4,851 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $80.54, for a total value of $390,699.54. Following the sale, the senior vice president now owns 89,157 shares in the company, valued at approximately $7,180,704.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ledger Susan St. sold 10,316 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $70.17, for a total transaction of $723,873.72. Following the completion of the sale, the insider now owns 253,102 shares in the company, valued at approximately $17,760,167.34. The disclosure for this sale can be found here. Insiders have sold 241,036 shares of company stock worth $16,671,392 in the last quarter. Corporate insiders own 1.43% of the company’s stock.

Shares of Splunk Inc (NASDAQ:SPLK) opened at $89.47 on Wednesday. Splunk Inc has a 52 week low of $52.89 and a 52 week high of $90.69. The firm has a market cap of $12,660.00, a price-to-earnings ratio of -40.12 and a beta of 2.07.

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

A number of equities analysts have recently commented on SPLK shares. Canaccord Genuity reissued a “buy” rating and issued a $90.00 price target (up previously from $80.00) on shares of Splunk in a research report on Friday, November 17th. Robert W. Baird reissued an “average” rating and issued a $85.00 price target (up previously from $75.00) on shares of Splunk in a research report on Monday, November 20th. Piper Jaffray Companies lifted their price target on shares of Splunk to $85.00 and gave the company an “overweight” rating in a research report on Friday, November 17th. Barclays lifted their price target on shares of Splunk from $73.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, November 17th. Finally, Zacks Investment Research lowered shares of Splunk from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty have assigned a buy rating to the company. Splunk presently has an average rating of “Buy” and an average target price of $83.62.

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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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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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