Splunk Inc. (NASDAQ:SPLK) Position Held by Metropolitan Life Insurance Co. NY
Metropolitan Life Insurance Co. NY maintained its stake in Splunk Inc. (NASDAQ:SPLK) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,997 shares of the software company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in Splunk were worth $560,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. AQR Capital Management LLC raised its stake in Splunk by 0.6% in the first quarter. AQR Capital Management LLC now owns 87,097 shares of the software company’s stock valued at $5,425,000 after buying an additional 541 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in Splunk during the first quarter valued at approximately $324,000. Soros Fund Management LLC purchased a new stake in Splunk during the first quarter valued at approximately $255,000. Nomura Holdings Inc. raised its stake in Splunk by 87.5% in the first quarter. Nomura Holdings Inc. now owns 12,601 shares of the software company’s stock valued at $785,000 after buying an additional 5,880 shares during the period. Finally, State Street Corp raised its stake in Splunk by 2.5% in the first quarter. State Street Corp now owns 2,754,762 shares of the software company’s stock valued at $171,593,000 after buying an additional 67,082 shares during the period.
Splunk Inc. (SPLK) traded down 1.62% during mid-day trading on Thursday, reaching $57.87. 217,993 shares of the company’s stock traded hands. Splunk Inc. has a 12-month low of $50.64 and a 12-month high of $69.23. The stock has a 50-day moving average price of $59.11 and a 200-day moving average price of $61.31. The stock’s market capitalization is $8.01 billion.
Splunk (NASDAQ:SPLK) last posted its earnings results on Thursday, May 25th. The software company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. Splunk had a negative net margin of 35.19% and a negative return on equity of 40.82%. The company had revenue of $242.40 million during the quarter, compared to analysts’ expectations of $233.79 million. During the same period last year, the company posted ($0.02) earnings per share. Splunk’s quarterly revenue was up 30.4% on a year-over-year basis. Equities research analysts expect that Splunk Inc. will post $0.52 EPS for the current year.
Several equities research analysts have commented on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $69.00 price objective (down previously from $71.00) on shares of Splunk in a research note on Friday, August 4th. Royal Bank Of Canada reiterated a “buy” rating and issued a $75.00 price objective on shares of Splunk in a research note on Monday, July 31st. Zacks Investment Research lowered shares of Splunk from a “buy” rating to a “sell” rating in a research note on Thursday, July 27th. Drexel Hamilton reiterated a “buy” rating and issued a $93.00 price objective on shares of Splunk in a research note on Thursday, July 13th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $71.00 price objective on shares of Splunk in a research note on Monday, July 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $70.77.
In other Splunk news, SVP Leonard R. Stein sold 4,851 shares of the stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $58.20, for a total transaction of $282,328.20. Following the completion of the transaction, the senior vice president now owns 103,909 shares in the company, valued at $6,047,503.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Godfrey Sullivan sold 48,750 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $56.94, for a total transaction of $2,775,825.00. Following the transaction, the director now owns 843,290 shares of the company’s stock, valued at approximately $48,016,932.60. The disclosure for this sale can be found here. Insiders have sold 358,056 shares of company stock valued at $20,784,524 in the last quarter. 3.00% of the stock is owned by company insiders.
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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