South Dakota Investment Council grew its position in shares of Splunk Inc. (NASDAQ:SPLK) by 12.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,200 shares of the software company’s stock after purchasing an additional 6,000 shares during the period. South Dakota Investment Council’s holdings in Splunk were worth $3,601,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Splunk by 24.1% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,375 shares of the software company’s stock worth $195,000 after buying an additional 656 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Splunk by 6.2% in the second quarter. IFP Advisors Inc now owns 3,508 shares of the software company’s stock worth $200,000 after buying an additional 204 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Splunk in the third quarter worth $201,000. FDx Advisors Inc. bought a new stake in shares of Splunk in the third quarter worth $210,000. Finally, Commonwealth Equity Services Inc bought a new stake in shares of Splunk in the third quarter worth $210,000.

A number of analysts recently issued reports on SPLK shares. Mizuho restated a “neutral” rating and issued a $60.00 price target on shares of Splunk in a research note on Tuesday, August 15th. ValuEngine upgraded shares of Splunk from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Needham & Company LLC started coverage on shares of Splunk in a research note on Monday, October 23rd. They issued a “buy” rating and a $95.00 price target for the company. Morgan Stanley restated an “overweight” rating and issued a $77.00 price target (up previously from $74.00) on shares of Splunk in a research note on Friday, August 25th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $76.00 price target on shares of Splunk in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirty have given a buy rating to the stock. Splunk presently has an average rating of “Buy” and an average target price of $82.11.

In related news, CFO David F. Conte sold 21,589 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $68.99, for a total value of $1,489,425.11. Following the completion of the sale, the chief financial officer now owns 161,022 shares of the company’s stock, valued at $11,108,907.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Godfrey Sullivan sold 48,750 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $68.13, for a total transaction of $3,321,337.50. Following the completion of the sale, the director now directly owns 699,540 shares of the company’s stock, valued at approximately $47,659,660.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 588,672 shares of company stock valued at $39,505,760. Corporate insiders own 1.43% of the company’s stock.

Splunk Inc. (SPLK) opened at $84.10 on Friday. Splunk Inc. has a 1-year low of $50.64 and a 1-year high of $84.88.

Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Thursday, November 16th. The software company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.59. Splunk had a negative net margin of 32.72% and a negative return on equity of 71.89%. The company had revenue of $328.65 million during the quarter, compared to the consensus estimate of $309.01 million. research analysts expect that Splunk Inc. will post -1.3 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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