Pier Capital LLC decreased its position in Splunk Inc (NASDAQ:SPLK) by 41.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,173 shares of the software company’s stock after selling 3,715 shares during the quarter. Pier Capital LLC’s holdings in Splunk were worth $429,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Zions Bancorporation acquired a new position in shares of Splunk in the third quarter valued at approximately $591,000. Atria Investments LLC acquired a new stake in Splunk during the fourth quarter worth approximately $270,000. Motley Fool Asset Management LLC grew its position in Splunk by 8.4% during the third quarter. Motley Fool Asset Management LLC now owns 167,500 shares of the software company’s stock worth $11,127,000 after buying an additional 13,000 shares in the last quarter. Spence Asset Management acquired a new stake in Splunk during the fourth quarter worth approximately $4,560,000. Finally, Advisor Group Inc. grew its position in Splunk by 51.4% during the third quarter. Advisor Group Inc. now owns 6,126 shares of the software company’s stock worth $406,000 after buying an additional 2,080 shares in the last quarter.
A number of brokerages recently issued reports on SPLK. Barclays raised Splunk from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $80.00 to $105.00 in a research report on Monday, January 8th. Robert W. Baird increased their price target on Splunk from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, December 18th. Zacks Investment Research raised Splunk from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Friday, January 19th. Wells Fargo increased their price target on Splunk from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, March 2nd. Finally, JPMorgan Chase & Co. increased their price target on Splunk from $80.00 to $100.00 and gave the stock a “neutral” rating in a research report on Monday, March 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $98.26.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Thursday, March 1st. The software company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.04. Splunk had a negative return on equity of 31.82% and a negative net margin of 20.39%. The company had revenue of $419.70 million during the quarter, compared to analysts’ expectations of $390.79 million. During the same period in the prior year, the company earned $0.25 EPS. Splunk’s revenue was up 37.0% compared to the same quarter last year. sell-side analysts forecast that Splunk Inc will post -1.21 EPS for the current fiscal year.
In related news, Director Graham Smith sold 10,000 shares of the firm’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $107.05, for a total transaction of $1,070,500.00. Following the completion of the transaction, the director now directly owns 58,836 shares of the company’s stock, valued at approximately $6,298,393.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Godfrey Sullivan sold 8,750 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $107.60, for a total value of $941,500.00. Following the transaction, the director now directly owns 161,700 shares of the company’s stock, valued at $17,398,920. The disclosure for this sale can be found here. Insiders sold a total of 70,279 shares of company stock valued at $7,522,627 over the last quarter. 1.43% of the stock is owned by corporate insiders.
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.
Receive News & Ratings for Splunk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splunk and related companies with MarketBeat.com's FREE daily email newsletter.