Diversified Trust Co grew its position in Splunk Inc (NASDAQ:SPLK) by 10.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,812 shares of the software company’s stock after acquiring an additional 531 shares during the quarter. Diversified Trust Co’s holdings in Splunk were worth $1,093,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its position in Splunk by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 14,770,516 shares of the software company’s stock worth $2,934,901,000 after purchasing an additional 194,156 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Splunk by 0.9% during the 1st quarter. Clearbridge Investments LLC now owns 4,845,224 shares of the software company’s stock valued at $611,613,000 after acquiring an additional 44,910 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Splunk by 0.6% during the 2nd quarter. First Trust Advisors LP now owns 1,702,932 shares of the software company’s stock valued at $338,373,000 after acquiring an additional 9,860 shares during the last quarter. Holocene Advisors LP increased its holdings in shares of Splunk by 32,404.2% during the 2nd quarter. Holocene Advisors LP now owns 789,528 shares of the software company’s stock valued at $156,879,000 after acquiring an additional 787,099 shares during the last quarter. Finally, Frontier Capital Management Co. LLC increased its holdings in shares of Splunk by 7.6% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 731,170 shares of the software company’s stock valued at $145,283,000 after acquiring an additional 51,792 shares during the last quarter. 93.27% of the stock is currently owned by institutional investors.

SPLK has been the topic of a number of analyst reports. Evercore ISI raised Splunk from an “in-line” rating to an “outperform” rating in a report on Friday, October 2nd. BidaskClub raised Splunk from a “sell” rating to a “hold” rating in a report on Wednesday, September 30th. Berenberg Bank started coverage on Splunk in a research note on Thursday, June 25th. They set a “buy” rating and a $222.00 target price for the company. Truist increased their target price on Splunk from $180.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Finally, Rosenblatt Securities increased their target price on Splunk from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirty-four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $223.51.

In other Splunk news, CEO Douglas Merritt sold 13,709 shares of Splunk stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $218.10, for a total transaction of $2,989,932.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Jason Child sold 1,017 shares of Splunk stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $210.00, for a total value of $213,570.00. Following the transaction, the chief financial officer now owns 128,614 shares in the company, valued at $27,008,940. The disclosure for this sale can be found here. Insiders sold a total of 98,656 shares of company stock worth $18,856,518 over the last 90 days. 0.21% of the stock is owned by corporate insiders.

NASDAQ:SPLK opened at $207.20 on Friday. Splunk Inc has a 12-month low of $93.92 and a 12-month high of $225.89. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $33.23 billion, a P/E ratio of -50.41 and a beta of 1.55. The stock’s fifty day simple moving average is $196.92 and its 200-day simple moving average is $180.00.

Splunk (NASDAQ:SPLK) last posted its quarterly earnings results on Wednesday, August 26th. The software company reported ($0.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.12) by $0.79. Splunk had a negative return on equity of 25.57% and a negative net margin of 27.62%. The business had revenue of $491.66 million for the quarter, compared to analyst estimates of $520.28 million. During the same period last year, the company earned $0.30 EPS. The firm’s revenue was down 4.8% on a year-over-year basis. As a group, equities research analysts expect that Splunk Inc will post -3.47 earnings per share for the current year.

Splunk Company Profile

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.

Featured Article: Learning About the VIX – Volatility Index

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.