Parallel Advisors LLC raised its stake in shares of Splunk Inc (NASDAQ:SPLK) by 111.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 638 shares of the software company’s stock after acquiring an additional 336 shares during the period. Parallel Advisors LLC’s holdings in Splunk were worth $66,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc lifted its stake in Splunk by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 12,476,788 shares of the software company’s stock valued at $1,508,569,000 after acquiring an additional 37,885 shares during the period. JPMorgan Chase & Co. lifted its stake in Splunk by 7.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,122,059 shares of the software company’s stock valued at $377,486,000 after acquiring an additional 219,247 shares during the period. FIL Ltd lifted its stake in shares of Splunk by 182.3% in the 3rd quarter. FIL Ltd now owns 1,565,684 shares of the software company’s stock worth $189,307,000 after purchasing an additional 1,011,095 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Splunk by 11.6% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,199,947 shares of the software company’s stock worth $145,086,000 after purchasing an additional 124,969 shares during the period. Finally, FMR LLC lifted its stake in shares of Splunk by 36.4% in the 3rd quarter. FMR LLC now owns 1,159,890 shares of the software company’s stock worth $140,242,000 after purchasing an additional 309,395 shares during the period. Institutional investors and hedge funds own 90.75% of the company’s stock.

Splunk stock opened at $136.25 on Tuesday. The company has a market capitalization of $20.14 billion, a P/E ratio of -104.01 and a beta of 2.11. Splunk Inc has a 12-month low of $83.69 and a 12-month high of $136.34. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 1.14.

Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Thursday, November 29th. The software company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.61. Splunk had a negative net margin of 18.92% and a negative return on equity of 20.60%. The business had revenue of $480.98 million during the quarter, compared to analyst estimates of $433.60 million. During the same period last year, the firm posted $0.17 EPS. The company’s revenue was up 40.4% on a year-over-year basis. Analysts forecast that Splunk Inc will post -1.07 EPS for the current year.

In other Splunk news, insider Ledger Susan St. sold 1,749 shares of the stock in a transaction that occurred on Friday, January 11th. The shares were sold at an average price of $117.48, for a total transaction of $205,472.52. Following the completion of the sale, the insider now directly owns 217,559 shares of the company’s stock, valued at approximately $25,558,831.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark T. Carges sold 2,105 shares of the stock in a transaction that occurred on Monday, January 7th. The shares were sold at an average price of $110.00, for a total transaction of $231,550.00. Following the sale, the director now directly owns 13,168 shares of the company’s stock, valued at $1,448,480. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,965 shares of company stock valued at $4,786,938. Insiders own 0.36% of the company’s stock.

Several brokerages have recently weighed in on SPLK. BidaskClub upgraded shares of Splunk from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 7th. ValuEngine upgraded shares of Splunk from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 5th. Zacks Investment Research upgraded shares of Splunk from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Wednesday, December 26th. Guggenheim began coverage on shares of Splunk in a research note on Monday, December 10th. They issued a “neutral” rating on the stock. Finally, TheStreet upgraded shares of Splunk from a “d” rating to a “c-” rating in a research note on Friday, November 30th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $127.59.

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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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