National Pension Service boosted its position in shares of Splunk Inc (NASDAQ:SPLK) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,561 shares of the software company’s stock after acquiring an additional 11,708 shares during the quarter. National Pension Service owned 0.13% of Splunk worth $24,215,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPLK. Cable Hill Partners LLC acquired a new position in shares of Splunk in the first quarter valued at about $25,000. Parkside Financial Bank & Trust acquired a new position in shares of Splunk in the second quarter valued at about $25,000. Motco acquired a new position in shares of Splunk in the second quarter valued at about $27,000. Manchester Financial Inc. acquired a new position in shares of Splunk in the second quarter valued at about $29,000. Finally, Whittier Trust Co. grew its stake in shares of Splunk by 115.0% in the second quarter. Whittier Trust Co. now owns 273 shares of the software company’s stock valued at $34,000 after acquiring an additional 146 shares in the last quarter. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently commented on SPLK. Northland Securities restated a “buy” rating and issued a $160.00 price target on shares of Splunk in a research note on Friday, May 24th. Rosenblatt Securities started coverage on shares of Splunk in a research note on Monday, September 9th. They set a “buy” rating and a $150.00 price objective on the stock. Argus set a $156.00 price objective on shares of Splunk and gave the stock a “buy” rating in a research note on Friday, August 23rd. Barclays reduced their price objective on shares of Splunk from $158.00 to $142.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Finally, Mitsubishi UFJ Financial Group increased their price objective on shares of Splunk to $159.00 and gave the stock an “overweight” rating in a research note on Friday, May 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-four have issued a buy rating to the stock. Splunk has a consensus rating of “Buy” and a consensus price target of $145.18.

In related news, CEO Douglas Merritt sold 13,341 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $115.20, for a total value of $1,536,883.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Timothy Tully sold 4,391 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $115.21, for a total transaction of $505,887.11. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

Shares of SPLK traded up $4.60 during mid-day trading on Thursday, reaching $121.53. The company had a trading volume of 152,609 shares, compared to its average volume of 3,077,736. The company’s 50 day simple moving average is $119.96 and its 200 day simple moving average is $126.25. Splunk Inc has a 1-year low of $83.69 and a 1-year high of $143.70. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.06 and a current ratio of 3.06. The company has a market capitalization of $17.70 billion, a price-to-earnings ratio of -76.36 and a beta of 2.04.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Wednesday, August 21st. The software company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.16. Splunk had a negative net margin of 15.16% and a negative return on equity of 12.73%. The company had revenue of $516.56 million for the quarter, compared to the consensus estimate of $488.97 million. During the same period last year, the company posted $0.08 EPS. The firm’s quarterly revenue was up 33.0% compared to the same quarter last year. As a group, equities analysts forecast that Splunk Inc will post -0.87 earnings per share for the current fiscal year.

About Splunk

Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M.

Read More: Asset Allocation and Your Retirement

Want to see what other hedge funds are holding SPLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Splunk Inc (NASDAQ:SPLK).

Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

Receive News & Ratings for Splunk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splunk and related companies with MarketBeat.com's FREE daily email newsletter.