Barings LLC Continues to Hold Stake in Splunk Inc. (NASDAQ:SPLK)
Barings LLC held its stake in shares of Splunk Inc. (NASDAQ:SPLK) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,100 shares of the software company’s stock at the end of the first quarter. Barings LLC’s holdings in Splunk were worth $567,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in SPLK. Russell Investments Group Ltd. acquired a new stake in Splunk during the fourth quarter worth $3,203,000. Comerica Bank purchased a new stake in Splunk during the fourth quarter valued at approximately $354,000. Dimensional Fund Advisors LP boosted its stake in Splunk by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 126,859 shares of the software company’s stock valued at $6,490,000 after buying an additional 2,193 shares during the period. Credit Agricole S A boosted its stake in Splunk by 113.1% in the fourth quarter. Credit Agricole S A now owns 43,704 shares of the software company’s stock valued at $2,236,000 after buying an additional 23,199 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Splunk by 41.8% in the fourth quarter. AQR Capital Management LLC now owns 86,556 shares of the software company’s stock valued at $4,427,000 after buying an additional 25,510 shares during the period.
Splunk Inc. (NASDAQ:SPLK) traded up 1.42% during trading on Thursday, hitting $59.40. 1,164,304 shares of the stock were exchanged. Splunk Inc. has a 52 week low of $50.64 and a 52 week high of $69.23. The stock’s market cap is $8.22 billion. The stock has a 50 day moving average of $58.86 and a 200-day moving average of $61.19.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Thursday, May 25th. The software company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. Splunk had a negative net margin of 35.19% and a negative return on equity of 40.82%. The business had revenue of $242.40 million during the quarter, compared to analysts’ expectations of $233.79 million. During the same period in the previous year, the business posted ($0.02) EPS. The business’s quarterly revenue was up 30.4% compared to the same quarter last year. Equities analysts expect that Splunk Inc. will post $0.52 EPS for the current fiscal year.
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Several research analysts have weighed in on the company. Drexel Hamilton reiterated a “buy” rating and set a $93.00 target price on shares of Splunk in a report on Thursday, July 13th. Royal Bank Of Canada reiterated a “buy” rating on shares of Splunk in a report on Friday, April 21st. Robert W. Baird set a $71.00 price target on Splunk and gave the company a “buy” rating in a report on Saturday, May 27th. BTIG Research initiated coverage on Splunk in a research report on Monday, April 17th. They issued a “buy” rating and a $80.00 target price on the stock. Finally, Wedbush reaffirmed an “outperform” rating and issued a $78.00 target price on shares of Splunk in a research report on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $70.83.
In related news, CFO David F. Conte sold 1,044 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $62.20, for a total value of $64,936.80. Following the completion of the transaction, the chief financial officer now directly owns 207,965 shares in the company, valued at approximately $12,935,423. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Godfrey Sullivan sold 48,750 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $56.94, for a total transaction of $2,775,825.00. Following the completion of the transaction, the director now owns 843,290 shares of the company’s stock, valued at $48,016,932.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 358,056 shares of company stock valued at $20,784,524. Company insiders own 3.00% of the company’s stock.
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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