American Century Companies Inc. trimmed its holdings in shares of Splunk Inc (NASDAQ:SPLK) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,137,330 shares of the software company’s stock after selling 40,275 shares during the quarter. American Century Companies Inc.’s holdings in Splunk were worth $211,831,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Baillie Gifford & Co. raised its stake in shares of Splunk by 20.5% during the 2nd quarter. Baillie Gifford & Co. now owns 249,001 shares of the software company’s stock worth $24,679,000 after buying an additional 42,367 shares during the period. Dupont Capital Management Corp raised its stake in shares of Splunk by 81.5% during the 2nd quarter. Dupont Capital Management Corp now owns 5,671 shares of the software company’s stock worth $562,000 after buying an additional 2,546 shares during the period. Bank Hapoalim BM raised its stake in shares of Splunk by 19.2% during the 2nd quarter. Bank Hapoalim BM now owns 4,565 shares of the software company’s stock worth $452,000 after buying an additional 735 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Splunk by 119.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 23,673 shares of the software company’s stock worth $2,346,000 after buying an additional 12,888 shares during the period. Finally, Columbus Circle Investors raised its stake in shares of Splunk by 91.2% during the 1st quarter. Columbus Circle Investors now owns 464,628 shares of the software company’s stock worth $45,715,000 after buying an additional 221,662 shares during the period. 92.95% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on SPLK. BidaskClub downgraded Splunk from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 23rd. Deutsche Bank upped their target price on Splunk from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, May 25th. FIG Partners reaffirmed an “overweight” rating and set a $127.00 target price on shares of Splunk in a research note on Friday, May 25th. Jefferies Financial Group increased their price objective on Splunk to $136.00 and gave the company a “buy” rating in a research note on Friday, May 25th. Finally, BTIG Research increased their price objective on Splunk to $130.00 and gave the company a “buy” rating in a research note on Friday, May 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $109.95.

Shares of SPLK opened at $104.16 on Tuesday. Splunk Inc has a 52-week low of $59.08 and a 52-week high of $121.64. The firm has a market capitalization of $15.34 billion, a price-to-earnings ratio of -79.06 and a beta of 1.81.

Splunk (NASDAQ:SPLK) last issued its earnings results on Thursday, May 24th. The software company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. Splunk had a negative return on equity of 29.90% and a negative net margin of 20.72%. The business had revenue of $311.60 million during the quarter, compared to the consensus estimate of $297.58 million. During the same period last year, the company earned ($0.01) EPS. The company’s revenue for the quarter was up 37.4% on a year-over-year basis. sell-side analysts anticipate that Splunk Inc will post -1.27 earnings per share for the current fiscal year.

In other Splunk news, Director Thomas M. Neustaetter sold 4,070 shares of the firm’s stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $118.70, for a total value of $483,109.00. Following the completion of the sale, the director now directly owns 10,981 shares of the company’s stock, valued at approximately $1,303,444.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David F. Conte sold 15,517 shares of the firm’s stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $117.93, for a total value of $1,829,919.81. Following the completion of the sale, the chief financial officer now directly owns 152,333 shares of the company’s stock, valued at $17,964,630.69. The disclosure for this sale can be found here. Insiders sold a total of 70,426 shares of company stock valued at $8,319,665 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.

Splunk Company 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.

Featured Story: How do investors use RSI to grade stocks?

Want to see what other hedge funds are holding SPLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Splunk Inc (NASDAQ:SPLK).

Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

Receive News & Ratings for Splunk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splunk and related companies with MarketBeat.com's FREE daily email newsletter.