AXA decreased its holdings in shares of Splunk (NASDAQ:SPLK) by 5.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,705 shares of the software company’s stock after selling 8,995 shares during the quarter. AXA owned about 0.12% of Splunk worth $13,478,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the stock. Alliancebernstein L.P. increased its stake in Splunk by 1.9% during the 4th quarter. Alliancebernstein L.P. now owns 1,416,827 shares of the software company’s stock worth $117,370,000 after buying an additional 26,457 shares during the period. Geode Capital Management LLC increased its stake in Splunk by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 1,203,672 shares of the software company’s stock worth $99,652,000 after buying an additional 31,005 shares during the period. Lazard Asset Management LLC increased its stake in Splunk by 20.0% during the 4th quarter. Lazard Asset Management LLC now owns 791,865 shares of the software company’s stock worth $65,598,000 after buying an additional 132,200 shares during the period. James Hambro & Partners purchased a new stake in Splunk during the 4th quarter worth $124,000. Finally, Garelick Capital Partners LP purchased a new stake in Splunk during the 4th quarter worth $22,418,000.
Shares of NASDAQ:SPLK traded down $1.02 during trading on Monday, reaching $97.37. 1,622,829 shares of the company’s stock traded hands, compared to its average volume of 1,918,961. Splunk has a 12 month low of $54.17 and a 12 month high of $112.66. The company has a market cap of $13,918.09, a PE ratio of -74.33 and a beta of 1.84.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Thursday, March 1st. The software company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The business had revenue of $419.70 million during the quarter, compared to the consensus estimate of $390.79 million. Splunk had a negative net margin of 20.39% and a negative return on equity of 31.82%. The company’s revenue for the quarter was up 37.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 EPS. analysts expect that Splunk will post -1.14 earnings per share for the current fiscal year.
SPLK has been the topic of several analyst reports. Barclays raised shares of Splunk from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $80.00 to $105.00 in a research note on Monday, January 8th. Zacks Investment Research downgraded shares of Splunk from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. Deutsche Bank lifted their price target on shares of Splunk to $100.00 and gave the stock a “buy” rating in a research note on Monday, January 15th. Stephens reaffirmed a “buy” rating on shares of Splunk in a research note on Friday, February 23rd. Finally, Robert W. Baird lifted their price target on shares of Splunk from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, December 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirty have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $99.41.
In other Splunk news, SVP Leonard R. Stein sold 10,047 shares of the business’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $107.89, for a total transaction of $1,083,970.83. Following the completion of the transaction, the senior vice president now directly owns 78,606 shares of the company’s stock, valued at approximately $8,480,801.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Graham Smith sold 10,000 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $107.05, for a total transaction of $1,070,500.00. Following the transaction, the director now directly owns 58,836 shares of the company’s stock, valued at $6,298,393.80. The disclosure for this sale can be found here. Insiders have sold a total of 70,279 shares of company stock valued at $7,522,627 over the last three months. 1.43% of the stock is currently owned by company insiders.
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Splunk Company Profile
Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. The company's products enable users to collect, index, search, explore, monitor, and analyze data regardless of format or source. It offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud service.
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