Splunk Inc (SPLK) Shares Sold by Deane Retirement Strategies Inc.
Deane Retirement Strategies Inc. cut its position in Splunk Inc (NASDAQ:SPLK) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,309 shares of the software company’s stock after selling 727 shares during the period. Splunk makes up 2.3% of Deane Retirement Strategies Inc.’s holdings, making the stock its 9th largest position. Deane Retirement Strategies Inc.’s holdings in Splunk were worth $2,428,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Splunk by 5.1% during the second quarter. Vanguard Group Inc. now owns 11,347,936 shares of the software company’s stock worth $645,584,000 after acquiring an additional 546,338 shares during the period. BlackRock Inc. grew its holdings in Splunk by 2.1% during the second quarter. BlackRock Inc. now owns 7,075,105 shares of the software company’s stock worth $402,503,000 after acquiring an additional 143,138 shares during the period. JPMorgan Chase & Co. grew its holdings in Splunk by 9.3% during the third quarter. JPMorgan Chase & Co. now owns 4,593,033 shares of the software company’s stock worth $308,053,000 after acquiring an additional 389,565 shares during the period. Bank of New York Mellon Corp grew its holdings in Splunk by 6.5% during the third quarter. Bank of New York Mellon Corp now owns 4,196,508 shares of the software company’s stock worth $278,773,000 after acquiring an additional 254,505 shares during the period. Finally, Carmignac Gestion acquired a new stake in Splunk during the third quarter worth about $198,193,000.
Splunk Inc (NASDAQ:SPLK) opened at $89.47 on Wednesday. Splunk Inc has a 1 year low of $52.89 and a 1 year high of $90.69. The company has a market capitalization of $12,580.00, a P/E ratio of -40.12 and a beta of 2.07.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Thursday, November 16th. The software company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $0.59. Splunk had a negative return on equity of 72.06% and a negative net margin of 32.72%. The firm had revenue of $328.65 million for the quarter, compared to the consensus estimate of $309.01 million. analysts expect that Splunk Inc will post -1.3 earnings per share for the current fiscal year.
Several analysts recently commented on SPLK shares. KeyCorp reaffirmed a “buy” rating on shares of Splunk in a report on Friday, October 27th. ValuEngine lowered Splunk from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Maxim Group reaffirmed a “buy” rating and set a $79.00 target price on shares of Splunk in a report on Friday, October 27th. Zacks Investment Research lowered Splunk from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Needham & Company LLC started coverage on Splunk in a report on Monday, October 23rd. They set a “buy” rating and a $95.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $83.62.
In other Splunk news, Director Godfrey Sullivan sold 8,750 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $81.29, for a total transaction of $711,287.50. Following the completion of the sale, the director now owns 207,239 shares of the company’s stock, valued at $16,846,458.31. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO David F. Conte sold 6,993 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $80.73, for a total value of $564,544.89. Following the sale, the chief financial officer now directly owns 110,364 shares of the company’s stock, valued at approximately $8,909,685.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 241,036 shares of company stock worth $16,671,392. 1.43% of the stock is currently owned by company insiders.
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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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