Wealthstreet Investment Advisors LLC purchased a new stake in Splunk Inc (NASDAQ:SPLK) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 38,789 shares of the software company’s stock, valued at approximately $3,214,000.

A number of other large investors have also recently added to or reduced their stakes in SPLK. JPMorgan Chase & Co. lifted its position in shares of Splunk by 9.3% during the third quarter. JPMorgan Chase & Co. now owns 4,593,033 shares of the software company’s stock worth $308,053,000 after purchasing an additional 389,565 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Splunk by 6.5% during the third quarter. Bank of New York Mellon Corp now owns 4,196,508 shares of the software company’s stock worth $278,773,000 after purchasing an additional 254,505 shares in the last quarter. Carmignac Gestion acquired a new position in shares of Splunk during the third quarter worth approximately $198,193,000. State Street Corp lifted its position in shares of Splunk by 1.9% during the second quarter. State Street Corp now owns 2,807,558 shares of the software company’s stock worth $159,709,000 after purchasing an additional 52,796 shares in the last quarter. Finally, TCW Group Inc. lifted its position in shares of Splunk by 3.7% during the third quarter. TCW Group Inc. now owns 2,390,424 shares of the software company’s stock worth $158,796,000 after purchasing an additional 85,386 shares in the last quarter.

In related news, insider Douglas Merritt sold 10,126 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $80.05, for a total transaction of $810,586.30. Following the completion of the transaction, the insider now owns 189,079 shares in the company, valued at $15,135,773.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Godfrey Sullivan sold 120,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $68.22, for a total transaction of $8,186,400.00. Following the transaction, the director now owns 585,790 shares of the company’s stock, valued at approximately $39,962,593.80. The disclosure for this sale can be found here. Insiders have sold 150,720 shares of company stock valued at $10,663,518 in the last 90 days. 1.43% of the stock is currently owned by corporate insiders.

SPLK has been the topic of a number of research reports. Canaccord Genuity reiterated a “buy” rating and set a $90.00 target price (up from $80.00) on shares of Splunk in a research report on Friday, November 17th. Robert W. Baird reiterated an “average” rating and set a $85.00 target price (up from $75.00) on shares of Splunk in a research report on Monday, November 20th. Piper Jaffray Companies upped their target price on shares of Splunk to $85.00 and gave the stock an “overweight” rating in a research report on Friday, November 17th. Barclays upped their target price on shares of Splunk from $73.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, November 17th. Finally, Zacks Investment Research downgraded shares of Splunk from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirty-one have issued a buy rating to the company’s stock. Splunk has an average rating of “Buy” and a consensus target price of $84.29.

Shares of Splunk Inc (NASDAQ SPLK) opened at $88.00 on Monday. Splunk Inc has a 12-month low of $54.17 and a 12-month high of $93.68. The stock has a market cap of $12,280.00, a price-to-earnings ratio of -38.94 and a beta of 2.04.

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

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Splunk 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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