Stephens Inc. AR increased its holdings in Splunk Inc. (NASDAQ:SPLK) by 2,754.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,478 shares of the software company’s stock after purchasing an additional 7,216 shares during the quarter. Stephens Inc. AR’s holdings in Splunk were worth $425,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of SPLK. ProShare Advisors LLC purchased a new position in Splunk in the 1st quarter worth $200,000. Canada Pension Plan Investment Board purchased a new position in Splunk in the 1st quarter worth $791,000. Suntrust Banks Inc. purchased a new position in Splunk in the 1st quarter worth $217,000. Comerica Bank raised its position in Splunk by 6.4% in the 1st quarter. Comerica Bank now owns 6,679 shares of the software company’s stock worth $431,000 after purchasing an additional 402 shares during the period. Finally, World Asset Management Inc raised its position in Splunk by 28.4% in the 1st quarter. World Asset Management Inc now owns 5,994 shares of the software company’s stock worth $373,000 after purchasing an additional 1,325 shares during the period.

In other news, Director Godfrey Sullivan sold 40,000 shares of Splunk stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $57.69, for a total transaction of $2,307,600.00. Following the completion of the transaction, the director now directly owns 789,540 shares of the company’s stock, valued at approximately $45,548,562.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Leonard R. Stein sold 4,851 shares of Splunk stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $67.79, for a total transaction of $328,849.29. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 563,001 shares of company stock valued at $35,297,294. Company insiders own 3.00% of the company’s stock.

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Shares of Splunk Inc. (SPLK) opened at 68.94 on Thursday. The firm’s 50-day moving average is $63.07 and its 200-day moving average is $61.94. The stock’s market capitalization is $9.65 billion. Splunk Inc. has a one year low of $50.64 and a one year high of $69.23.

Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Thursday, August 24th. The software company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. Splunk had a negative net margin of 36.81% and a negative return on equity of 75.81%. The business had revenue of $279.96 million during the quarter, compared to analysts’ expectations of $268.72 million. During the same period in the previous year, the business posted $0.05 EPS. The business’s quarterly revenue was up 31.6% compared to the same quarter last year. On average, analysts expect that Splunk Inc. will post $0.54 earnings per share for the current fiscal year.

SPLK has been the topic of a number of analyst reports. Mizuho reiterated a “neutral” rating and issued a $60.00 target price on shares of Splunk in a research report on Tuesday, August 15th. Morgan Stanley reiterated an “overweight” rating and issued a $77.00 target price (up previously from $74.00) on shares of Splunk in a research report on Friday, August 25th. Robert W. Baird set a $71.00 target price on shares of Splunk and gave the stock a “buy” rating in a research report on Saturday, May 27th. Maxim Group reiterated a “buy” rating on shares of Splunk in a research report on Sunday, May 28th. Finally, ValuEngine upgraded shares of Splunk from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Twelve equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $72.78.

Splunk 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.

Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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