Stifel Financial Corp increased its holdings in shares of Splunk Inc (NASDAQ:SPLK) by 36.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,863 shares of the software company’s stock after acquiring an additional 14,750 shares during the quarter. Stifel Financial Corp’s holdings in Splunk were worth $3,679,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position 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. increased its position 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. increased its position 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 increased its position 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 bought a new position in Splunk during the third quarter worth about $198,193,000.

A number of equities analysts recently commented on SPLK shares. Canaccord Genuity reaffirmed a “buy” rating and set a $90.00 price target (up from $80.00) on shares of Splunk in a research report on Friday, November 17th. Robert W. Baird reaffirmed an “average” rating and set a $85.00 price target (up from $75.00) on shares of Splunk in a research report on Monday, November 20th. Maxim Group reaffirmed a “buy” rating and set a $85.00 price target on shares of Splunk in a research report on Friday, August 25th. Piper Jaffray Companies raised their price target on shares of Splunk to $85.00 and gave the stock an “overweight” rating in a research report on Friday, November 17th. Finally, Barclays raised their price target on shares of Splunk from $73.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, November 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $82.74.

In related news, insider Douglas Merritt sold 10,126 shares of Splunk stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $80.05, for a total transaction of $810,586.30. Following the sale, the insider now directly owns 189,079 shares in the company, valued at approximately $15,135,773.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Godfrey Sullivan sold 40,000 shares of Splunk stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $63.48, for a total transaction of $2,539,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 386,916 shares of company stock worth $26,202,550. 1.43% of the stock is owned by corporate insiders.

Shares of Splunk Inc (SPLK) opened at $82.46 on Monday. Splunk Inc has a one year low of $50.64 and a one year high of $84.88.

Splunk (NASDAQ:SPLK) last posted its earnings results on Thursday, November 16th. The software company reported $0.17 EPS for the quarter, topping the consensus estimate of ($0.42) by $0.59. Splunk had a negative net margin of 32.72% and a negative return on equity of 72.06%. The business had revenue of $328.65 million for the quarter, compared to the consensus estimate of $309.01 million. research analysts forecast that Splunk Inc will post -1.3 earnings per share for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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