Splunk Inc. (SPLK) Holdings Boosted by Migdal Insurance & Financial Holdings Ltd.
Migdal Insurance & Financial Holdings Ltd. boosted its position in Splunk Inc. (NASDAQ:SPLK) by 24.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,375 shares of the software company’s stock after buying an additional 656 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Splunk were worth $195,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Patten Group Inc. lifted its holdings in Splunk by 3.6% in the 1st quarter. Patten Group Inc. now owns 2,154 shares of the software company’s stock worth $131,000 after buying an additional 75 shares in the last quarter. IFP Advisors Inc lifted its holdings in Splunk by 6.2% in the 2nd quarter. IFP Advisors Inc now owns 3,508 shares of the software company’s stock worth $200,000 after buying an additional 204 shares in the last quarter. Achmea Investment Management B.V. acquired a new position in Splunk in the 1st quarter worth $230,000. Diversified Trust Co lifted its holdings in Splunk by 11.7% in the 2nd quarter. Diversified Trust Co now owns 3,806 shares of the software company’s stock worth $217,000 after buying an additional 400 shares in the last quarter. Finally, Cipher Capital LP acquired a new position in Splunk in the 2nd quarter worth $217,000.
In other Splunk news, CFO David F. Conte sold 10,525 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $66.03, for a total value of $694,965.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Godfrey Sullivan sold 40,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $58.84, for a total transaction of $2,353,600.00. Following the completion of the sale, the director now owns 744,540 shares of the company’s stock, valued at approximately $43,808,733.60. The disclosure for this sale can be found here. Insiders have sold a total of 468,881 shares of company stock valued at $30,026,052 over the last three months. 1.43% of the stock is currently owned by insiders.
A number of equities analysts have commented on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $71.00 price objective on shares of Splunk in a report on Wednesday, September 27th. ValuEngine upgraded shares of Splunk from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Credit Suisse Group assumed coverage on shares of Splunk in a report on Tuesday, September 5th. They issued an “outperform” rating and a $80.00 price objective on the stock. Drexel Hamilton reiterated a “buy” rating and issued a $93.00 price objective on shares of Splunk in a report on Monday, September 18th. Finally, Cowen and Company reiterated a “buy” rating and issued a $72.00 price objective on shares of Splunk in a report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $73.06.
Splunk Inc. (NASDAQ SPLK) traded down 0.415% on Wednesday, hitting $63.545. 227,401 shares of the stock traded hands. The stock has a 50-day moving average price of $66.42 and a 200 day moving average price of $62.56. The stock’s market cap is $8.90 billion. Splunk Inc. has a 12-month low of $50.64 and a 12-month high of $69.61.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Thursday, August 24th. The software company reported $0.08 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $268.72 million. During the same period last year, the firm posted $0.05 EPS. The firm’s quarterly revenue was up 31.6% on a year-over-year basis. On average, equities analysts expect that Splunk Inc. will post $0.54 EPS for the current fiscal year.
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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