Virtu KCG Holdings LLC Cuts Stake in Splunk Inc. (SPLK)

Virtu KCG Holdings LLC reduced its position in Splunk Inc. (NASDAQ:SPLK) by 33.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,370 shares of the software company’s stock after selling 3,180 shares during the quarter. Virtu KCG Holdings LLC’s holdings in Splunk were worth $362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPLK. Patten Group Inc. boosted its holdings in shares of Splunk by 3.6% in the 1st quarter. Patten Group Inc. now owns 2,154 shares of the software company’s stock worth $131,000 after purchasing an additional 75 shares in the last quarter. IFP Advisors Inc boosted its holdings in Splunk by 6.2% during the 2nd quarter. IFP Advisors Inc now owns 3,508 shares of the software company’s stock valued at $200,000 after acquiring an additional 204 shares during the period. Diversified Trust Co boosted its holdings in Splunk by 11.7% during the 2nd quarter. Diversified Trust Co now owns 3,806 shares of the software company’s stock valued at $217,000 after acquiring an additional 400 shares during the period. Cipher Capital LP purchased a new stake in Splunk during the 2nd quarter valued at about $217,000. Finally, Achmea Investment Management B.V. purchased a new stake in Splunk during the 1st quarter valued at about $230,000.

SPLK has been the subject of several analyst reports. Guggenheim upgraded Splunk from a “neutral” rating to a “buy” rating and increased their target price for the company from $69.00 to $70.00 in a report on Thursday, June 22nd. Robert W. Baird restated an “outperform” rating and set a $71.00 target price on shares of Splunk in a report on Monday, July 10th. Credit Suisse Group initiated coverage on Splunk in a report on Tuesday, September 5th. They set an “outperform” rating and a $80.00 target price for the company. Zacks Investment Research cut Splunk from a “buy” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Mizuho restated a “hold” rating and set a $60.00 target price on shares of Splunk in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $73.06.

In related news, Director Godfrey Sullivan sold 40,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $58.84, for a total value of $2,353,600.00. Following the transaction, the director now directly owns 744,540 shares of the company’s stock, valued at approximately $43,808,733.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thomas M. Neustaetter sold 3,614 shares of the company’s stock in a transaction on 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 directly owns 12,871 shares in the company, valued at $871,366.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 588,881 shares of company stock worth $37,776,052. Insiders own 1.43% of the company’s stock.

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Shares of Splunk Inc. (NASDAQ:SPLK) opened at 63.55 on Monday. The firm has a 50 day moving average price of $66.73 and a 200-day moving average price of $62.60. The company’s market cap is $8.90 billion. Splunk Inc. has a 12-month low of $50.64 and a 12-month high of $69.61.

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

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.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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