World Asset Management Inc Has $356,000 Stake in Splunk Inc. (NASDAQ:SPLK)
World Asset Management Inc increased its position in Splunk Inc. (NASDAQ:SPLK) by 4.5% during the second quarter, Holdings Channel reports. The firm owned 6,263 shares of the software company’s stock after buying an additional 269 shares during the period. World Asset Management Inc’s holdings in Splunk were worth $356,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in SPLK. TLP Group LLC bought a new stake in shares of Splunk during the first quarter worth approximately $102,000. Patten Group Inc. boosted its stake in shares of Splunk by 3.6% in the first quarter. Patten Group Inc. now owns 2,154 shares of the software company’s stock worth $131,000 after buying an additional 75 shares during the period. Acrospire Investment Management LLC boosted its stake in shares of Splunk by 79.9% in the first quarter. Acrospire Investment Management LLC now owns 2,701 shares of the software company’s stock worth $168,000 after buying an additional 1,200 shares during the period. ProShare Advisors LLC bought a new stake in shares of Splunk during the first quarter worth approximately $200,000. Finally, Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Splunk during the first quarter worth approximately $204,000.
Shares of Splunk Inc. (SPLK) opened at 58.20 on Monday. Splunk Inc. has a 1-year low of $50.64 and a 1-year high of $69.23. The company’s market cap is $8.05 billion. The firm has a 50-day moving average price of $59.08 and a 200 day moving average price of $61.31.
Splunk (NASDAQ:SPLK) last released its quarterly earnings results on Thursday, May 25th. The software company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $242.40 million during the quarter, compared to analyst estimates of $233.79 million. Splunk had a negative net margin of 35.19% and a negative return on equity of 40.82%. The business’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.02) EPS. On average, analysts predict that Splunk Inc. will post $0.52 EPS for the current fiscal year.
A number of research firms have issued reports on SPLK. BMO Capital Markets reissued an “outperform” rating and issued a $69.00 target price (down from $71.00) on shares of Splunk in a research note on Friday, August 4th. Royal Bank Of Canada reissued a “buy” rating and issued a $75.00 target price on shares of Splunk in a research note on Monday, July 31st. BidaskClub cut Splunk from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Susquehanna Bancshares Inc began coverage on Splunk in a research note on Wednesday, June 7th. They issued a “neutral” rating and a $68.00 target price for the company. Finally, MKM Partners reissued a “neutral” rating and issued a $63.00 target price (up from $60.00) on shares of Splunk in a research note on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $70.77.
In related news, insider Douglas Merritt sold 10,125 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $58.01, for a total value of $587,351.25. Following the completion of the transaction, the insider now directly owns 231,440 shares in the company, valued at $13,425,834.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Godfrey Sullivan sold 40,000 shares of the company’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $60.27, for a total transaction of $2,410,800.00. Following the completion of the transaction, the director now owns 789,540 shares of the company’s stock, valued at $47,585,575.80. The disclosure for this sale can be found here. Insiders have sold a total of 358,056 shares of company stock valued at $20,784,524 over the last 90 days. Company insiders own 3.00% of the company’s stock.
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.
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