Essex Investment Management Co. LLC bought a new stake in Splunk Inc (NASDAQ:SPLK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,587 shares of the software company’s stock, valued at approximately $214,000.

A number of other institutional investors have also recently modified their holdings of the stock. Prudential Financial Inc. increased its position in Splunk by 2.9% in the 2nd quarter. Prudential Financial Inc. now owns 7,140 shares of the software company’s stock valued at $406,000 after buying an additional 200 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Splunk by 8.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,950 shares of the software company’s stock valued at $282,000 after buying an additional 389 shares in the last quarter. Voya Investment Management LLC increased its position in Splunk by 0.8% in the 2nd quarter. Voya Investment Management LLC now owns 53,078 shares of the software company’s stock valued at $3,020,000 after buying an additional 436 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in Splunk by 3.6% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 22,794 shares of the software company’s stock valued at $1,514,000 after buying an additional 800 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in Splunk by 4.6% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 18,640 shares of the software company’s stock valued at $1,238,000 after buying an additional 820 shares in the last quarter.

In other news, insider Douglas Merritt sold 10,126 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $80.05, for a total value of $810,586.30. Following the transaction, the insider now owns 189,079 shares in the company, valued at approximately $15,135,773.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Godfrey Sullivan sold 120,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $68.22, for a total value of $8,186,400.00. Following the completion of the transaction, the director now owns 585,790 shares in the company, valued at approximately $39,962,593.80. The disclosure for this sale can be found here. Insiders sold a total of 190,720 shares of company stock worth $13,408,318 in the last 90 days. Company insiders own 1.43% of the company’s stock.

A number of analysts recently commented on SPLK shares. Royal Bank of Canada reaffirmed a “buy” rating and issued a $76.00 target price on shares of Splunk in a research report on Tuesday, November 7th. Needham & Company LLC started coverage on Splunk in a research report on Monday, October 23rd. They issued a “buy” rating and a $95.00 target price for the company. Zacks Investment Research lowered Splunk from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $80.00 target price on shares of Splunk in a research report on Wednesday, November 15th. Finally, Robert W. Baird boosted their target price on Splunk from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, December 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirty-one have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $84.29.

Splunk Inc (NASDAQ:SPLK) opened at $85.94 on Friday. Splunk Inc has a 12 month low of $54.17 and a 12 month high of $93.68.

Splunk (NASDAQ:SPLK) last announced its earnings results on Thursday, November 16th. The software company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.59. Splunk had a negative return on equity of 72.06% and a negative net margin of 32.72%. The firm had revenue of $328.65 million for the quarter, compared to the consensus estimate of $309.01 million. equities analysts anticipate that Splunk Inc will post -1.3 EPS for the current fiscal year.

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About Splunk

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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