Nomura Holdings Inc. lifted its holdings in shares of Splunk Inc (NASDAQ:SPLK) by 212.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,723 shares of the software company’s stock after buying an additional 8,648 shares during the period. Nomura Holdings Inc.’s holdings in Splunk were worth $1,261,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. BlackRock Inc. boosted its stake in Splunk by 3.8% during the 2nd quarter. BlackRock Inc. now owns 8,074,220 shares of the software company’s stock valued at $800,235,000 after purchasing an additional 298,117 shares during the period. FMR LLC boosted its stake in Splunk by 3.6% during the 2nd quarter. FMR LLC now owns 1,592,052 shares of the software company’s stock valued at $157,789,000 after purchasing an additional 54,789 shares during the period. Whale Rock Capital Management LLC acquired a new position in Splunk during the 1st quarter valued at about $141,945,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake 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 valued at $106,541,000 after purchasing an additional 149,894 shares during the period. Finally, First Trust Advisors LP boosted its stake in Splunk by 46.6% during the 2nd quarter. First Trust Advisors LP now owns 984,523 shares of the software company’s stock valued at $97,576,000 after purchasing an additional 312,893 shares during the period. 90.17% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:SPLK opened at $116.40 on Friday. The company has a market capitalization of $16.77 billion, a PE ratio of -88.85 and a beta of 2.08. Splunk Inc has a twelve month low of $62.39 and a twelve month high of $130.00.

Splunk (NASDAQ:SPLK) last released its earnings results on Thursday, August 23rd. The software company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. Splunk had a negative net margin of 20.55% and a negative return on equity of 26.44%. The business had revenue of $388.30 million for the quarter, compared to the consensus estimate of $358.46 million. During the same period in the previous year, the firm earned $0.08 EPS. The business’s revenue for the quarter was up 38.6% on a year-over-year basis. research analysts anticipate that Splunk Inc will post -1.15 earnings per share for the current year.

In related news, Director Mark T. Carges sold 2,091 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $124.87, for a total value of $261,103.17. Following the sale, the director now directly owns 19,444 shares in the company, valued at approximately $2,427,972.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Godfrey Sullivan sold 8,750 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $126.00, for a total transaction of $1,102,500.00. Following the completion of the sale, the director now owns 144,755 shares in the company, valued at $18,239,130. The disclosure for this sale can be found here. Insiders sold a total of 69,032 shares of company stock worth $8,640,864 over the last quarter. Insiders own 0.36% of the company’s stock.

A number of research analysts have issued reports on the stock. BidaskClub lowered shares of Splunk from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Barclays boosted their target price on shares of Splunk from $127.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 7th. Zacks Investment Research lowered shares of Splunk from a “buy” rating to a “hold” rating in a research note on Thursday, August 30th. Rosenblatt Securities reissued a “buy” rating and set a $135.00 target price on shares of Splunk in a research note on Sunday, August 26th. Finally, Piper Jaffray Companies boosted their target price on shares of Splunk to $135.00 and gave the company an “overweight” rating in a research note on Friday, August 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $121.43.

About Splunk

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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