Splunk Inc (SPLK) Shares Sold by Tocqueville Asset Management L.P.
Tocqueville Asset Management L.P. reduced its stake in Splunk Inc (NASDAQ:SPLK) by 23.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,235 shares of the software company’s stock after selling 23,816 shares during the period. Tocqueville Asset Management L.P. owned 0.05% of Splunk worth $9,218,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Splunk by 472.3% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 1,013 shares of the software company’s stock worth $122,000 after purchasing an additional 836 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Splunk in the 2nd quarter worth approximately $104,000. Point72 Hong Kong Ltd bought a new stake in shares of Splunk in the 2nd quarter worth approximately $110,000. Centaurus Financial Inc. bought a new stake in shares of Splunk in the 2nd quarter worth approximately $124,000. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of Splunk in the 3rd quarter worth approximately $169,000. 91.41% of the stock is owned by institutional investors.
A number of analysts recently commented on the stock. Zacks Investment Research downgraded shares of Splunk from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. Credit Suisse Group boosted their target price on shares of Splunk from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, August 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $135.00 target price on shares of Splunk in a report on Sunday, August 26th. Piper Jaffray Companies boosted their target price on shares of Splunk to $135.00 and gave the stock an “overweight” rating in a report on Friday, August 24th. Finally, Barclays boosted their target price on shares of Splunk from $127.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $128.22.
Splunk (NASDAQ:SPLK) last released its quarterly earnings data on Thursday, November 29th. The software company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.61. The firm had revenue of $480.98 million for the quarter, compared to analyst estimates of $433.60 million. Splunk had a negative net margin of 18.92% and a negative return on equity of 22.60%. The company’s revenue for the quarter was up 40.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS. Analysts forecast that Splunk Inc will post -1.07 EPS for the current fiscal year.
In other Splunk news, CFO David F. Conte sold 15,519 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $125.29, for a total value of $1,944,375.51. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Timothy Tully sold 19,100 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $125.46, for a total transaction of $2,396,286.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,203 shares of company stock worth $9,099,674. Company insiders own 0.36% of the company’s stock.
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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.
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