Nationwide Fund Advisors boosted its stake in shares of Splunk Inc (NASDAQ:SPLK) by 28.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 159,900 shares of the software company’s stock after buying an additional 34,950 shares during the period. Nationwide Fund Advisors owned approximately 0.12% of Splunk worth $9,960,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Bluestein R H & Co. increased its position in Splunk by 0.9% in the fourth quarter. Bluestein R H & Co. now owns 4,034 shares of the software company’s stock worth $206,000 after buying an additional 34 shares in the last quarter. Salem Investment Counselors Inc. acquired a new stake in Splunk during the third quarter valued at about $210,000. Diversified Trust Co acquired a new stake in Splunk during the first quarter valued at about $212,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Splunk during the third quarter valued at about $219,000. Finally, Pacer Advisors Inc. raised its stake in Splunk by 7.4% in the third quarter. Pacer Advisors Inc. now owns 4,130 shares of the software company’s stock valued at $242,000 after buying an additional 284 shares during the last quarter. 97.80% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

Splunk Inc (NASDAQ:SPLK) traded up 1.91% during midday trading on Friday, hitting $66.56. 150,170 shares of the stock traded hands. Splunk Inc has a 12-month low of $49.36 and a 12-month high of $69.23. The stock’s market capitalization is $9.20 billion. The firm’s 50 day moving average is $63.78 and its 200-day moving average is $59.87.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings results on Thursday, February 23rd. The software company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.08. Splunk had a negative return on equity of 41.28% and a negative net margin of 41.72%. The company had revenue of $306.50 million for the quarter, compared to analysts’ expectations of $288.15 million. During the same quarter last year, the business earned $0.11 earnings per share. Splunk’s revenue was up 39.3% on a year-over-year basis. On average, analysts anticipate that Splunk Inc will post $0.60 EPS for the current fiscal year.

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A number of equities research analysts recently weighed in on SPLK shares. Robert W. Baird raised their price target on shares of Splunk from $68.00 to $71.00 and gave the company an “outperform” rating in a report on Tuesday, February 28th. William Blair reissued an “outperform” rating on shares of Splunk in a report on Monday, February 13th. Drexel Hamilton raised their price objective on shares of Splunk from $90.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, February 24th. Zacks Investment Research lowered shares of Splunk from a “buy” rating to a “hold” rating in a report on Tuesday, March 7th. Finally, Wedbush reissued an “outperform” rating and set a $75.00 price objective on shares of Splunk in a report on Friday, February 10th. Eleven research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $70.61.

In related news, SVP Leonard R. Stein sold 7,716 shares of Splunk stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $60.77, for a total value of $468,901.32. Following the transaction, the senior vice president now directly owns 82,345 shares of the company’s stock, valued at $5,004,105.65. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Leonard R. Stein sold 3,825 shares of Splunk stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $61.74, for a total value of $236,155.50. Following the completion of the transaction, the senior vice president now directly owns 105,609 shares in the company, valued at $6,520,299.66. The disclosure for this sale can be found here. Insiders sold 219,255 shares of company stock worth $13,453,887 in the last 90 days. 3.00% of the stock is owned by company insiders.

About Splunk

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.

5 Day Chart for NASDAQ:SPLK

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