United Capital Financial Advisers LLC Has $1.73 Million Stock Position in Splunk Inc (NASDAQ:SPLK)

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United Capital Financial Advisers LLC lifted its stake in Splunk Inc (NASDAQ:SPLK) by 16.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,777 shares of the software company’s stock after acquiring an additional 1,961 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Splunk were worth $1,732,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Cable Hill Partners LLC acquired a new stake in shares of Splunk in the first quarter valued at about $25,000. Parkside Financial Bank & Trust acquired a new stake in shares of Splunk in the second quarter valued at about $25,000. Motco acquired a new stake in shares of Splunk in the second quarter valued at about $27,000. Manchester Financial Inc. acquired a new stake in shares of Splunk in the second quarter valued at about $29,000. Finally, Whittier Trust Co. increased its position 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 during the last quarter. 91.07% of the stock is currently owned by institutional investors and hedge funds.

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

SPLK has been the topic of a number of recent research reports. Maxim Group set a $148.00 target price on Splunk and gave the company a “buy” rating in a research report on Thursday, September 5th. Argus set a $156.00 target price on Splunk and gave the company a “buy” rating in a research report on Friday, August 23rd. Bank of America reaffirmed a “buy” rating and issued a $167.00 target price on shares of Splunk in a research report on Thursday. Rosenblatt Securities assumed coverage on Splunk in a research report on Monday, September 9th. They set a “buy” rating and a $150.00 price target on the stock. Finally, Guggenheim lowered their price target on Splunk from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, May 24th. One equities research 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 presently has an average rating of “Buy” and a consensus price target of $145.18.

Shares of NASDAQ:SPLK traded up $4.87 during trading on Thursday, reaching $121.80. 135,002 shares of the stock were exchanged, compared to its average volume of 3,077,736. Splunk Inc has a 12 month low of $83.69 and a 12 month high of $143.70. The firm has a market cap of $17.70 billion, a PE ratio of -76.43 and a beta of 2.04. The stock has a 50-day moving average price of $119.96 and a 200-day moving average price of $126.25. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Wednesday, August 21st. The software company reported ($0.35) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.16. Splunk had a negative return on equity of 12.73% and a negative net margin of 15.16%. The company had revenue of $516.56 million during the quarter, compared to analysts’ expectations of $488.97 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The business’s revenue was up 33.0% on a year-over-year basis. On average, sell-side analysts expect 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.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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