Amundi Pioneer Asset Management Inc. trimmed its stake in shares of Splunk Inc (NASDAQ:SPLK) by 15.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 318,179 shares of the software company’s stock after selling 57,534 shares during the period. Amundi Pioneer Asset Management Inc. owned approximately 0.22% of Splunk worth $31,304,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC raised its holdings in shares of Splunk by 751.8% during the first quarter. Cubist Systematic Strategies LLC now owns 74,574 shares of the software company’s stock valued at $7,337,000 after purchasing an additional 65,819 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Splunk during the first quarter valued at approximately $2,302,000. Guggenheim Capital LLC increased its holdings in Splunk by 1.1% during the first quarter. Guggenheim Capital LLC now owns 58,879 shares of the software company’s stock valued at $5,793,000 after buying an additional 665 shares during the last quarter. Whale Rock Capital Management LLC purchased a new stake in Splunk during the first quarter valued at approximately $141,945,000. Finally, LPL Financial LLC increased its holdings in Splunk by 5.7% during the first quarter. LPL Financial LLC now owns 48,595 shares of the software company’s stock valued at $4,781,000 after buying an additional 2,605 shares during the last quarter. 92.95% of the stock is owned by hedge funds and other institutional investors.
Shares of Splunk opened at $116.74 on Wednesday, Marketbeat.com reports. Splunk Inc has a fifty-two week low of $55.92 and a fifty-two week high of $121.64. The firm has a market cap of $16.80 billion, a P/E ratio of -89.11 and a beta of 1.83.
In related news, insider Ledger Susan St. sold 10,424 shares of the company’s stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $97.65, for a total transaction of $1,017,903.60. Following the completion of the transaction, the insider now owns 308,593 shares in the company, valued at $30,134,106.45. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Douglas Merritt sold 33,734 shares of the company’s stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $98.71, for a total transaction of $3,329,883.14. Following the transaction, the insider now owns 318,894 shares of the company’s stock, valued at approximately $31,478,026.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 164,059 shares of company stock valued at $17,513,570. 0.36% of the stock is owned by company insiders.
A number of analysts have commented on SPLK shares. Citigroup cut shares of Splunk from a “neutral” rating to a “sell” rating in a report on Friday, June 15th. Zacks Investment Research cut shares of Splunk from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Stephens reaffirmed a “buy” rating on shares of Splunk in a report on Friday, February 23rd. Credit Suisse Group reaffirmed a “buy” rating and set a $88.00 target price on shares of Splunk in a report on Wednesday, February 28th. Finally, Wedbush raised shares of Splunk from a “neutral” rating to an “outperform” rating and upped their target price for the company from $103.00 to $118.00 in a report on Friday, April 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $108.71.
Splunk Company Profile
Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to collect, index, search, explore, monitor, correlate, and analyze data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud.
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