FDx Advisors Inc. purchased a new position in shares of Splunk Inc. (NASDAQ:SPLK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,163 shares of the software company’s stock, valued at approximately $210,000.

Other large investors have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. acquired a new position in Splunk in the 3rd quarter valued at about $201,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in Splunk by 24.1% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,375 shares of the software company’s stock valued at $195,000 after purchasing an additional 656 shares during the last quarter. IFP Advisors Inc raised its stake in Splunk by 6.2% in the 2nd quarter. IFP Advisors Inc now owns 3,508 shares of the software company’s stock valued at $200,000 after purchasing an additional 204 shares during the last quarter. Cipher Capital LP acquired a new position in Splunk in the 2nd quarter valued at about $217,000. Finally, Advisor Group Inc. raised its stake in Splunk by 213.6% in the 2nd quarter. Advisor Group Inc. now owns 4,046 shares of the software company’s stock valued at $230,000 after purchasing an additional 2,756 shares during the last quarter.

In other news, SVP Leonard R. Stein sold 4,851 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $67.79, for a total transaction of $328,849.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas M. Neustaetter sold 3,614 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $67.70, for a total value of $244,667.80. Following the sale, the director now owns 12,871 shares of the company’s stock, valued at approximately $871,366.70. The disclosure for this sale can be found here. Insiders have sold a total of 588,672 shares of company stock valued at $39,505,760 in the last quarter. Company insiders own 1.43% of the company’s stock.

SPLK has been the subject of several analyst reports. Mizuho reissued a “neutral” rating and issued a $60.00 target price on shares of Splunk in a research note on Tuesday, August 15th. ValuEngine raised shares of Splunk from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Needham & Company LLC initiated coverage on shares of Splunk in a research note on Monday, October 23rd. They issued a “buy” rating and a $95.00 target price for the company. Morgan Stanley reissued an “overweight” rating and issued a $77.00 target price (up previously from $74.00) on shares of Splunk in a research note on Friday, August 25th. Finally, Zacks Investment Research downgraded shares of Splunk from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $82.11.

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Shares of Splunk Inc. (NASDAQ SPLK) opened at $83.53 on Friday. Splunk Inc. has a fifty-two week low of $50.64 and a fifty-two week high of $84.88.

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. Splunk had a negative return on equity of 71.89% and a negative net margin of 32.72%. The business had revenue of $328.65 million during the quarter, compared to analysts’ expectations of $309.01 million. equities research analysts anticipate that Splunk Inc. will post -1.3 EPS for the current year.

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.

Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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