Marshall Wace North America L.P. Reduces Stake in Splunk Inc. (SPLK)
Marshall Wace North America L.P. lowered its stake in shares of Splunk Inc. (NASDAQ:SPLK) by 68.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,497 shares of the software company’s stock after selling 37,945 shares during the period. Marshall Wace North America L.P.’s holdings in Splunk were worth $997,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. TLP Group LLC bought a new stake in shares of Splunk during the first quarter worth about $102,000. Patten Group Inc. increased its position in shares of Splunk by 3.6% during the first quarter. Patten Group Inc. now owns 2,154 shares of the software company’s stock worth $131,000 after acquiring an additional 75 shares in the last quarter. ProShare Advisors LLC bought a new stake in shares of Splunk during the first quarter worth about $200,000. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Splunk during the first quarter worth about $204,000. Finally, Suntrust Banks Inc. bought a new stake in shares of Splunk during the first quarter worth about $217,000.
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Splunk Inc. (SPLK) opened at 67.18 on Friday. The stock has a 50 day moving average of $61.66 and a 200-day moving average of $61.74. The company’s market cap is $9.34 billion. Splunk Inc. has a one year low of $50.64 and a one year high of $69.23.
Splunk (NASDAQ:SPLK) last released its earnings results on Thursday, August 24th. The software company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. Splunk had a negative net margin of 36.81% and a negative return on equity of 75.81%. The firm had revenue of $279.96 million for the quarter, compared to the consensus estimate of $268.72 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The company’s quarterly revenue was up 31.6% compared to the same quarter last year. On average, equities analysts predict that Splunk Inc. will post $0.54 EPS for the current fiscal year.
In related news, SVP Leonard R. Stein sold 4,851 shares of the company’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $58.20, for a total transaction of $282,328.20. Following the sale, the senior vice president now owns 103,909 shares of the company’s stock, valued at $6,047,503.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO David F. Conte sold 10,525 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $66.03, for a total transaction of $694,965.75. The disclosure for this sale can be found here. Insiders sold 563,001 shares of company stock worth $32,903,895 in the last three months. Insiders own 3.00% of the company’s stock.
SPLK has been the subject of several recent research reports. Wedbush reissued an “outperform” rating and set a $78.00 target price on shares of Splunk in a research report on Monday, May 22nd. Royal Bank Of Canada boosted their target price on shares of Splunk from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 23rd. Robert W. Baird set a $71.00 target price on shares of Splunk and gave the stock a “buy” rating in a research report on Saturday, May 27th. Maxim Group reissued a “buy” rating on shares of Splunk in a research report on Sunday, May 28th. Finally, Barclays PLC reissued an “equal weight” rating and set a $65.00 target price (up from $63.00) on shares of Splunk in a research report on Sunday, May 28th. Twelve investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Splunk currently has an average rating of “Buy” and an average target price of $72.76.
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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