BB&T Securities LLC raised its position in shares of Splunk Inc (NASDAQ:SPLK) by 37.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,726 shares of the software company’s stock after purchasing an additional 1,008 shares during the quarter. BB&T Securities LLC’s holdings in Splunk were worth $369,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Whale Rock Capital Management LLC acquired a new stake in shares of Splunk during the 1st quarter worth approximately $141,945,000. Victory Capital Management Inc. grew its position in shares of Splunk by 1,838.0% during the 2nd quarter. Victory Capital Management Inc. now owns 485,866 shares of the software company’s stock worth $48,154,000 after buying an additional 460,796 shares during the period. Millennium Management LLC grew its position in shares of Splunk by 100.8% during the 1st quarter. Millennium Management LLC now owns 725,772 shares of the software company’s stock worth $71,409,000 after buying an additional 364,320 shares during the period. First Trust Advisors LP grew its position in shares of Splunk by 46.6% during the 2nd quarter. First Trust Advisors LP now owns 984,523 shares of the software company’s stock worth $97,576,000 after buying an additional 312,893 shares during the period. Finally, Ardevora Asset Management LLP acquired a new stake in shares of Splunk during the 2nd quarter worth approximately $29,605,000. 90.16% of the stock is owned by institutional investors and hedge funds.

NASDAQ SPLK opened at $116.11 on Tuesday. Splunk Inc has a 12-month low of $62.39 and a 12-month high of $130.00. The firm has a market capitalization of $16.88 billion, a P/E ratio of -88.89 and a beta of 2.06.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Thursday, August 23rd. The software company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $358.46 million. During the same quarter last year, the firm posted $0.08 EPS. Splunk’s revenue was up 38.6% compared to the same quarter last year. equities analysts forecast that Splunk Inc will post -0.8 earnings per share for the current year.

In other Splunk news, CFO David F. Conte sold 15,519 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $125.29, for a total transaction of $1,944,375.51. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Godfrey Sullivan sold 8,750 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $126.00, for a total value of $1,102,500.00. Following the transaction, the director now owns 144,755 shares in the company, valued at $18,239,130. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,032 shares of company stock worth $8,640,864. Company insiders own 0.36% of the company’s stock.

Several brokerages have recently commented on SPLK. Zacks Investment Research downgraded shares of Splunk from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. Credit Suisse Group raised their price objective on shares of Splunk from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, August 24th. Rosenblatt Securities reaffirmed a “buy” rating and set a $135.00 price objective on shares of Splunk in a research report on Sunday, August 26th. Piper Jaffray Companies raised their price objective on shares of Splunk to $135.00 and gave the stock an “overweight” rating in a research report on Friday, August 24th. Finally, Barclays raised their price objective on shares of Splunk from $127.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Splunk currently has a consensus rating of “Buy” and an average target price of $121.43.

Splunk Profile

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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