Nicollet Investment Management Inc. cut its stake in Splunk Inc. (NASDAQ:SPLK) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,284 shares of the software company’s stock after selling 227 shares during the period. Nicollet Investment Management Inc.’s holdings in Splunk were worth $1,747,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Holocene Advisors LP raised its position 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 worth $156,879,000 after purchasing an additional 787,099 shares during the last quarter. Softbank Group Corp acquired a new stake in Splunk in the second quarter valued at $64,390,000. DekaBank Deutsche Girozentrale raised its holdings in Splunk by 1,606.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 333,896 shares of the software company’s stock valued at $62,295,000 after acquiring an additional 314,326 shares in the last quarter. ARK Investment Management LLC raised its holdings in Splunk by 29.7% in the third quarter. ARK Investment Management LLC now owns 1,271,655 shares of the software company’s stock valued at $239,236,000 after acquiring an additional 291,031 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Splunk by 1.3% in the second quarter. Vanguard Group Inc. now owns 14,770,516 shares of the software company’s stock valued at $2,934,901,000 after acquiring an additional 194,156 shares in the last quarter. 93.27% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SPLK traded down $0.34 during mid-day trading on Friday, hitting $198.94. The stock had a trading volume of 994,997 shares, compared to its average volume of 1,838,653. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.50 and a quick ratio of 2.50. Splunk Inc. has a 52 week low of $93.92 and a 52 week high of $225.89. The firm has a market cap of $31.91 billion, a P/E ratio of -48.40 and a beta of 1.57. The business has a fifty day moving average price of $203.03 and a 200-day moving average price of $193.41.
In other Splunk news, CFO Jason Child sold 1,017 shares of the stock in a transaction on Friday, September 18th. The stock was sold at an average price of $176.63, for a total transaction of $179,632.71. Following the sale, the chief financial officer now directly owns 132,877 shares in the company, valued at approximately $23,470,064.51. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas Merritt sold 13,709 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $218.10, for a total value of $2,989,932.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,057 shares of company stock valued at $19,136,139. 0.34% of the stock is owned by company insiders.
Several analysts recently issued reports on SPLK shares. Wells Fargo & Company upped their price target on shares of Splunk from $250.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, August 27th. Argus upped their price target on shares of Splunk from $215.00 to $260.00 and gave the company a “buy” rating in a report on Monday, August 31st. Evercore ISI raised shares of Splunk from an “in-line” rating to an “outperform” rating in a report on Friday, October 2nd. Royal Bank of Canada upped their price target on shares of Splunk from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, October 22nd. Finally, Jefferies Financial Group increased their target price on shares of Splunk from $250.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirty-two have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $229.00.
Splunk Company Profile
Splunk Inc develops and markets software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. The company offers Splunk Enterprise, a real-time data platform, which include collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud, a cloud service for machine data.
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