Macquarie Group Ltd. cut its stake in Splunk Inc. (NASDAQ:SPLK) by 12.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 295,007 shares of the software company’s stock after selling 42,553 shares during the period. Macquarie Group Ltd. owned about 0.21% of Splunk worth $16,783,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Harbour Capital Advisors LLC acquired a new position in shares of Splunk in the 1st quarter worth approximately $1,044,000. BNP Paribas Arbitrage SA raised its holdings in shares of Splunk by 99.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 27,726 shares of the software company’s stock worth $1,577,000 after buying an additional 13,849 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Splunk by 7.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 15,167 shares of the software company’s stock worth $863,000 after buying an additional 1,032 shares in the last quarter. Swiss National Bank raised its holdings in shares of Splunk by 3.8% in the 2nd quarter. Swiss National Bank now owns 494,700 shares of the software company’s stock worth $28,143,000 after buying an additional 17,900 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Splunk by 1.2% in the 2nd quarter. Legal & General Group Plc now owns 547,738 shares of the software company’s stock worth $31,160,000 after buying an additional 6,713 shares in the last quarter.
Splunk Inc. (NASDAQ SPLK) opened at 63.49 on Friday. The company’s market capitalization is $8.89 billion. The firm’s 50-day moving average price is $66.60 and its 200 day moving average price is $62.57. Splunk Inc. has a 12-month low of $50.64 and a 12-month high of $69.61.
Splunk (NASDAQ:SPLK) last released its quarterly earnings data on Thursday, August 24th. The software company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. The company had revenue of $279.96 million for 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 in the prior year, the firm earned $0.05 EPS. On average, analysts expect that Splunk Inc. will post $0.54 earnings per share for the current year.
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 transaction of $244,667.80. Following the transaction, the director now owns 12,871 shares of the company’s stock, valued at approximately $871,366.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Leonard R. Stein sold 4,851 shares of the stock in a transaction dated Tuesday, September 12th. The stock was 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. Insiders have sold a total of 588,881 shares of company stock worth $37,776,052 in the last three months. Insiders own 1.43% of the company’s stock.
A number of equities analysts have recently issued reports on the company. Drexel Hamilton reissued a “buy” rating and issued a $93.00 target price on shares of Splunk in a report on Thursday, July 13th. Zacks Investment Research raised Splunk from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a report on Wednesday, October 4th. Royal Bank Of Canada reissued a “buy” rating and issued a $75.00 target price on shares of Splunk in a report on Monday, July 31st. Mitsubishi UFJ Financial Group reissued a “buy” rating and issued a $75.00 target price on shares of Splunk in a report on Friday, August 25th. Finally, UBS AG reissued a “buy” rating and issued a $74.00 target price on shares of Splunk in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $73.06.
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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