Splunk Inc (NASDAQ:SPLK) Position Trimmed by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in shares of Splunk Inc (NASDAQ:SPLK) by 4.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 668,361 shares of the software company’s stock after selling 31,900 shares during the quarter. New York State Common Retirement Fund owned about 0.48% of Splunk worth $44,399,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SPLK. Bank of New York Mellon Corp lifted its holdings in shares of Splunk by 40.1% in the second quarter. Bank of New York Mellon Corp now owns 3,942,003 shares of the software company’s stock worth $224,259,000 after buying an additional 1,128,410 shares in the last quarter. ETF Managers Group LLC purchased a new stake in shares of Splunk in the second quarter worth about $39,864,000. Vanguard Group Inc. lifted its holdings in shares of Splunk by 5.1% in the second quarter. Vanguard Group Inc. now owns 11,347,936 shares of the software company’s stock worth $645,584,000 after buying an additional 546,338 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Splunk by 195.8% in the second quarter. First Trust Advisors LP now owns 303,740 shares of the software company’s stock worth $17,280,000 after buying an additional 201,064 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Splunk by 45.7% in the second quarter. Franklin Resources Inc. now owns 465,805 shares of the software company’s stock worth $26,500,000 after buying an additional 146,000 shares in the last quarter.

SPLK has been the topic of a number of recent analyst reports. Robert W. Baird reissued an “average” rating and issued a $85.00 price target (up from $75.00) on shares of Splunk in a report on Monday, November 20th. KeyCorp reissued a “buy” rating on shares of Splunk in a report on Friday, October 27th. Cowen reaffirmed a “buy” rating and issued a $72.00 target price on shares of Splunk in a research note on Thursday, September 28th. BMO Capital Markets reaffirmed a “buy” rating and issued a $71.00 target price on shares of Splunk in a research note on Wednesday, September 27th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $93.00 target price on shares of Splunk in a research note on Monday, September 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $82.88.

In related news, CFO David F. Conte sold 6,993 shares of Splunk stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $80.73, for a total value of $564,544.89. Following the sale, the chief financial officer now owns 110,364 shares in the company, valued at $8,909,685.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Godfrey Sullivan sold 40,000 shares of Splunk stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $63.48, for a total transaction of $2,539,200.00. The disclosure for this sale can be found here. Insiders sold 361,036 shares of company stock worth $24,421,392 in the last 90 days. Company insiders own 1.43% of the company’s stock.

Shares of Splunk Inc (SPLK) traded up $0.55 during trading on Friday, hitting $82.84. 793,418 shares of the stock traded hands, compared to its average volume of 1,481,175. Splunk Inc has a 1 year low of $50.64 and a 1 year high of $84.88. The company has a market capitalization of $11,640.61, a PE ratio of -19.09 and a beta of 2.07.

Splunk (NASDAQ:SPLK) last issued its earnings results on Thursday, November 16th. The software company reported $0.17 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $328.65 million for the quarter, compared to analysts’ expectations of $309.01 million. sell-side analysts predict that Splunk Inc will post -1.3 earnings per share for the current 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.

Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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