Ameriprise Financial Inc. trimmed its position in shares of Splunk Inc. (NASDAQ:SPLK) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,451,073 shares of the software company’s stock after selling 99,010 shares during the period. Ameriprise Financial Inc. owned 3.94% of Splunk worth $362,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Splunk by 24.1% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,375 shares of the software company’s stock worth $195,000 after acquiring an additional 656 shares during the period. IFP Advisors Inc boosted its holdings in shares of Splunk by 6.2% in the second quarter. IFP Advisors Inc now owns 3,508 shares of the software company’s stock worth $200,000 after acquiring an additional 204 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of Splunk in the third quarter worth $201,000. FDx Advisors Inc. bought a new position in shares of Splunk in the third quarter worth $210,000. Finally, Commonwealth Equity Services Inc bought a new position in shares of Splunk in the third quarter worth $210,000.

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In related news, SVP Ledger Susan St. sold 677 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $69.52, for a total value of $47,065.04. Following the completion of the transaction, the senior vice president now owns 168,376 shares of the company’s stock, valued at approximately $11,705,499.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas M. Neustaetter sold 3,614 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $67.70, for a total transaction of $244,667.80. Following the completion of the transaction, the director now directly owns 12,871 shares of the company’s stock, valued at approximately $871,366.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 599,197 shares of company stock valued at $40,200,725. Insiders own 1.43% of the company’s stock.

Shares of Splunk Inc. (NASDAQ SPLK) opened at $83.78 on Wednesday. Splunk Inc. has a 12 month low of $50.64 and a 12 month high of $84.88.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Thursday, November 16th. The software company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.59. Splunk had a negative net margin of 32.72% and a negative return on equity of 71.89%. The firm had revenue of $328.65 million during the quarter, compared to the consensus estimate of $309.01 million. equities research analysts expect that Splunk Inc. will post -1.43 earnings per share for the current year.

A number of equities analysts have recently commented on SPLK shares. Robert W. Baird reaffirmed an “average” rating and issued a $85.00 price target (up from $75.00) on shares of Splunk in a report on Monday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $81.00 price target on shares of Splunk in a report on Thursday, August 24th. Canaccord Genuity reaffirmed a “buy” rating and issued a $80.00 price target (up from $75.00) on shares of Splunk in a report on Tuesday, August 22nd. Drexel Hamilton reaffirmed a “buy” rating and issued a $93.00 price target on shares of Splunk in a report on Tuesday, August 22nd. Finally, Guggenheim reiterated a “buy” rating and issued a $70.00 price objective on shares of Splunk in a research report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirty have issued a buy rating to the company’s stock. Splunk currently has a consensus rating of “Buy” and a consensus price target of $82.11.

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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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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