Walter & Keenan Financial Consulting Co. MI ADV Continues to Hold Stake in Splunk Inc. (NASDAQ:SPLK)
Walter & Keenan Financial Consulting Co. MI ADV maintained its position in shares of Splunk Inc. (NASDAQ:SPLK) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 7,800 shares of the software company’s stock at the end of the second quarter. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Splunk were worth $444,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Splunk by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 126,859 shares of the software company’s stock valued at $6,490,000 after buying an additional 2,193 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Splunk by 2.0% in the fourth quarter. Teachers Advisors LLC now owns 247,016 shares of the software company’s stock valued at $12,635,000 after buying an additional 4,922 shares during the last quarter. Chevy Chase Trust Holdings Inc. purchased a new position in shares of Splunk during the first quarter valued at approximately $1,860,000. Gulf International Bank UK Ltd raised its position in shares of Splunk by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 41,660 shares of the software company’s stock valued at $2,595,000 after buying an additional 500 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of Splunk by 293.5% in the first quarter. Bank of Montreal Can now owns 103,462 shares of the software company’s stock valued at $6,445,000 after buying an additional 77,166 shares during the last quarter.
Splunk Inc. (SPLK) opened at 58.82 on Thursday. The firm’s market capitalization is $8.14 billion. Splunk Inc. has a one year low of $50.64 and a one year high of $69.23. The company has a 50 day moving average price of $59.11 and a 200-day moving average price of $61.31.
Splunk (NASDAQ:SPLK) last released its earnings results on Thursday, May 25th. The software company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. Splunk had a negative net margin of 35.19% and a negative return on equity of 40.82%. The firm had revenue of $242.40 million during the quarter, compared to the consensus estimate of $233.79 million. During the same period in the prior year, the firm earned ($0.02) EPS. The company’s revenue was up 30.4% compared to the same quarter last year. On average, equities analysts predict that Splunk Inc. will post $0.52 EPS for the current year.
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Several research analysts have recently commented on SPLK shares. BTIG Research assumed coverage on Splunk in a research report on Monday, April 17th. They issued a “buy” rating and a $80.00 target price for the company. Royal Bank Of Canada reissued a “buy” rating on shares of Splunk in a report on Friday, April 21st. Zacks Investment Research downgraded Splunk from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. Wedbush reissued an “outperform” rating and issued a $78.00 price target on shares of Splunk in a report on Monday, May 22nd. Finally, Robert W. Baird set a $71.00 price target on Splunk and gave the stock a “buy” rating in a report on Saturday, May 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $70.77.
In related news, CFO David F. Conte sold 1,044 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $62.20, for a total transaction of $64,936.80. Following the sale, the chief financial officer now directly owns 207,965 shares in the company, valued at approximately $12,935,423. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Godfrey Sullivan sold 128,750 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $57.58, for a total transaction of $7,413,425.00. Following the sale, the director now owns 843,290 shares in the company, valued at $48,556,638.20. The disclosure for this sale can be found here. Insiders have sold a total of 358,056 shares of company stock valued at $20,784,524 over the last three months. Insiders own 3.00% of the company’s stock.
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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