Wesbanco Bank Inc. increased its position in shares of Splunk Inc. (NASDAQ:SPLK) by 3.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 83,396 shares of the software company’s stock after buying an additional 2,574 shares during the period. Wesbanco Bank Inc. owned 0.06% of Splunk worth $4,744,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Splunk by 4.7% in the first quarter. Vanguard Group Inc. now owns 10,801,598 shares of the software company’s stock worth $672,831,000 after buying an additional 480,657 shares during the period. Ameriprise Financial Inc. increased its position in Splunk by 0.7% in the first quarter. Ameriprise Financial Inc. now owns 6,981,244 shares of the software company’s stock worth $434,861,000 after buying an additional 47,585 shares during the period. BlackRock Inc. increased its position in Splunk by 5,553.3% in the first quarter. BlackRock Inc. now owns 6,931,967 shares of the software company’s stock worth $431,791,000 after buying an additional 6,809,349 shares during the period. Bank of New York Mellon Corp increased its position in Splunk by 40.1% in the second quarter. Bank of New York Mellon Corp now owns 3,942,003 shares of the software company’s stock worth $224,259,000 after buying an additional 1,128,410 shares during the period. Finally, Bank of America Corp DE increased its position in Splunk by 0.5% in the first quarter. Bank of America Corp DE now owns 3,076,286 shares of the software company’s stock worth $191,622,000 after buying an additional 16,089 shares during the period.

Shares of Splunk Inc. (SPLK) traded up 0.23% during trading on Wednesday, reaching $64.53. 171,427 shares of the company’s stock were exchanged. Splunk Inc. has a 52 week low of $50.64 and a 52 week high of $69.23. The company’s 50-day moving average price is $59.92 and its 200 day moving average price is $61.47. The firm’s market capitalization is $8.97 billion.

Splunk (NASDAQ:SPLK) last posted its earnings results on Thursday, August 24th. The software company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The company had revenue of $279.96 million during the quarter, compared to analyst estimates of $268.72 million. Splunk had a negative return on equity of 75.18% and a negative net margin of 36.81%. The company’s revenue for the quarter was up 31.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 EPS. Analysts predict that Splunk Inc. will post $0.54 EPS for the current fiscal year.

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A number of research analysts recently commented on SPLK shares. Cowen and Company reaffirmed a “buy” rating on shares of Splunk in a research report on Friday, August 18th. Maxim Group reaffirmed a “buy” rating and issued a $85.00 target price on shares of Splunk in a research report on Friday, August 25th. Susquehanna Bancshares Inc started coverage on shares of Splunk in a research report on Wednesday, June 7th. They issued a “neutral” rating and a $68.00 target price on the stock. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $80.00 target price on shares of Splunk in a research report on Friday, August 25th. Finally, Zacks Investment Research downgraded shares of Splunk from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Eleven investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $72.53.

In other news, CFO David F. Conte sold 10,525 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $66.03, for a total transaction of $694,965.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David F. Conte sold 1,044 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $62.20, for a total value of $64,936.80. Following the transaction, the chief financial officer now owns 207,965 shares of the company’s stock, valued at $12,935,423. The disclosure for this sale can be found here. Insiders have sold a total of 568,581 shares of company stock valued at $33,249,090 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.

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.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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