Moody National Bank Trust Division Has $7.82 Million Holdings in Splunk Inc (SPLK)

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Moody National Bank Trust Division lifted its stake in Splunk Inc (NASDAQ:SPLK) by 884.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,710 shares of the software company’s stock after purchasing an additional 58,140 shares during the period. Moody National Bank Trust Division’s holdings in Splunk were worth $7,824,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Xact Kapitalforvaltning AB grew its holdings in shares of Splunk by 2.5% in the third quarter. Xact Kapitalforvaltning AB now owns 23,704 shares of the software company’s stock worth $2,866,000 after purchasing an additional 568 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Splunk by 1.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 44,395 shares of the software company’s stock worth $4,400,000 after purchasing an additional 606 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in shares of Splunk by 2.8% in the third quarter. Nissay Asset Management Corp Japan ADV now owns 23,389 shares of the software company’s stock worth $2,828,000 after purchasing an additional 636 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of Splunk by 19.3% in the second quarter. WINTON GROUP Ltd now owns 4,277 shares of the software company’s stock worth $424,000 after purchasing an additional 692 shares during the last quarter. Finally, Bank Hapoalim BM grew its holdings in shares of Splunk by 19.2% in the second quarter. Bank Hapoalim BM now owns 4,565 shares of the software company’s stock worth $452,000 after purchasing an additional 735 shares during the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

A number of research firms have recently commented on SPLK. Zacks Investment Research cut shares of Splunk from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. Credit Suisse Group upped their price target on shares of Splunk from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, August 24th. Rosenblatt Securities restated a “buy” rating and issued a $135.00 price target on shares of Splunk in a report on Sunday, August 26th. Piper Jaffray Companies upped their price target on shares of Splunk to $135.00 and gave the stock an “overweight” rating in a report on Friday, August 24th. Finally, Barclays upped their price target on shares of Splunk from $127.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 7th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $124.03.

In other Splunk news, SVP Timothy Tully sold 19,100 shares of the stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $125.46, for a total transaction of $2,396,286.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David F. Conte sold 15,519 shares of the stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $125.29, for a total transaction of $1,944,375.51. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,032 shares of company stock valued at $8,640,864. Insiders own 0.36% of the company’s stock.

SPLK stock opened at $99.55 on Thursday. The stock has a market cap of $13.84 billion, a price-to-earnings ratio of -75.99 and a beta of 2.07. Splunk Inc has a one year low of $65.73 and a one year high of $130.00.

Splunk (NASDAQ:SPLK) last released its quarterly earnings results on Thursday, August 23rd. The software company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.03. The business had revenue of $388.30 million during the quarter, compared to analyst estimates of $358.46 million. Splunk had a negative net margin of 20.55% and a negative return on equity of 26.44%. The company’s quarterly revenue was up 38.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 earnings per share. As a group, equities research analysts predict that Splunk Inc will post -1.15 EPS for the current year.

Splunk Profile

Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to collect, index, search, explore, monitor, correlate, and analyze data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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