Advisory Research Inc. Maintains Position in Splunk Inc. (SPLK)

Advisory Research Inc. continued to hold its stake in shares of Splunk Inc. (NASDAQ:SPLK) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 21,163 shares of the software company’s stock at the end of the 2nd quarter. Advisory Research Inc.’s holdings in Splunk were worth $1,318,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Xact Kapitalforvaltning AB boosted its stake in Splunk by 0.3% in the second quarter. Xact Kapitalforvaltning AB now owns 18,241 shares of the software company’s stock valued at $1,038,000 after acquiring an additional 62 shares in the last quarter. Patten Group Inc. lifted its stake in shares of Splunk by 3.6% during the first quarter. Patten Group Inc. now owns 2,154 shares of the software company’s stock worth $131,000 after buying an additional 75 shares during the period. Aperio Group LLC lifted its stake in shares of Splunk by 1.3% during the second quarter. Aperio Group LLC now owns 13,005 shares of the software company’s stock worth $740,000 after buying an additional 164 shares during the period. Chevy Chase Trust Holdings Inc. lifted its stake in shares of Splunk by 0.6% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 30,039 shares of the software company’s stock worth $1,709,000 after buying an additional 175 shares during the period. Finally, Prudential Financial Inc. lifted its stake in shares of Splunk by 2.9% during the second quarter. Prudential Financial Inc. now owns 7,140 shares of the software company’s stock worth $406,000 after buying an additional 200 shares during the period.

Splunk (NASDAQ:SPLK) last released its earnings results on Thursday, August 24th. The software company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The company had revenue of $279.96 million during the quarter, compared to analysts’ expectations of $268.72 million. Splunk had a negative net margin of 36.81% and a negative return on equity of 75.81%. The business’s revenue was up 31.6% on a year-over-year basis. During the same quarter last year, the business earned $0.05 EPS.

In other news, Director Thomas M. Neustaetter sold 3,614 shares of the stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $67.70, for a total value of $244,667.80. Following the completion of the transaction, the director now owns 12,871 shares in the company, valued at approximately $871,366.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Godfrey Sullivan sold 40,000 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $58.84, for a total transaction of $2,353,600.00. Following the completion of the transaction, the director now owns 744,540 shares of the company’s stock, valued at approximately $43,808,733.60. The disclosure for this sale can be found here. Insiders sold a total of 588,881 shares of company stock valued at $37,776,052 in the last quarter. Insiders own 1.43% of the company’s stock.

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Several equities research analysts have recently commented on SPLK shares. Guggenheim upgraded shares of Splunk from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $69.00 to $70.00 in a research note on Thursday, June 22nd. Robert W. Baird reiterated an “outperform” rating and set a $71.00 price objective on shares of Splunk in a research note on Monday, July 10th. Wedbush downgraded shares of Splunk from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $72.00 to $63.00 in a research note on Thursday, June 15th. Zacks Investment Research downgraded shares of Splunk from a “buy” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Mizuho reiterated a “hold” rating and set a $60.00 price objective on shares of Splunk in a research note on Thursday, August 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-seven have issued a buy rating to the stock. Splunk presently has an average rating of “Buy” and a consensus price target of $73.06.

Splunk Company 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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