Eagle Asset Management Inc. lowered its stake in Splunk Inc. (NASDAQ:SPLK) by 1.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 309,007 shares of the software company’s stock after selling 3,164 shares during the period. Eagle Asset Management Inc. owned about 0.23% of Splunk worth $18,132,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SPLK. CG Asset Management LLC acquired a new stake in Splunk during the second quarter valued at approximately $2,131,000. RS Investment Management Co. LLC increased its stake in Splunk by 35.5% in the second quarter. RS Investment Management Co. LLC now owns 49,280 shares of the software company’s stock valued at $2,670,000 after buying an additional 12,900 shares during the last quarter. Pitcairn Co. increased its stake in Splunk by 15.0% in the second quarter. Pitcairn Co. now owns 9,822 shares of the software company’s stock valued at $532,000 after buying an additional 1,278 shares during the last quarter. TD Asset Management Inc. increased its stake in Splunk by 2,393.6% in the second quarter. TD Asset Management Inc. now owns 194,500 shares of the software company’s stock valued at $10,538,000 after buying an additional 186,700 shares during the last quarter. Finally, 1832 Asset Management L.P. acquired a new stake in Splunk during the second quarter valued at approximately $36,665,000. 98.58% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

Shares of Splunk Inc. (NASDAQ:SPLK) traded down 0.42% on Tuesday, reaching $57.18. 805,968 shares of the company were exchanged. Splunk Inc. has a 52 week low of $29.85 and a 52 week high of $65.75. The company’s 50-day moving average is $59.05 and its 200-day moving average is $58.63. The company’s market capitalization is $7.69 billion.

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Several equities research analysts have recently commented on SPLK shares. MKM Partners reissued a “neutral” rating on shares of Splunk in a research report on Friday, November 4th. Drexel Hamilton reaffirmed a “buy” rating and issued a $90.00 price objective (up from $85.00) on shares of Splunk in a research report on Monday, August 29th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $66.00 price objective on shares of Splunk in a research report on Friday, September 30th. DA Davidson set a $83.00 price objective on shares of Splunk and gave the stock a “buy” rating in a research report on Thursday, November 24th. Finally, Vetr downgraded shares of Splunk from a “strong-buy” rating to a “buy” rating and set a $66.00 price objective for the company. in a research report on Monday, October 24th. Ten research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $66.77.

In other Splunk news, Director Godfrey Sullivan sold 120,000 shares of the business’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $59.33, for a total transaction of $7,119,600.00. Following the transaction, the director now owns 291,676 shares in the company, valued at $17,305,137.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Leonard R. Stein sold 3,435 shares of the business’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $58.64, for a total transaction of $201,428.40. Following the transaction, the senior vice president now owns 116,437 shares in the company, valued at approximately $6,827,865.68. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Splunk Company Profile

Splunk Inc is a provider of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. It operates through the development and marketing of software solutions segment, which enables its customers to gain real-time operational intelligence by harnessing the value of their data.

5 Day Chart for NASDAQ:SPLK

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