Pictet Asset Management Ltd. lifted its position in Splunk Inc. (NASDAQ:SPLK) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,743,960 shares of the software company’s stock after buying an additional 55,252 shares during the quarter. Pictet Asset Management Ltd. owned about 1.25% of Splunk worth $115,852,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. boosted its position in Splunk by 4.6% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 18,640 shares of the software company’s stock worth $1,238,000 after purchasing an additional 820 shares during the period. Reliance Trust Co. of Delaware boosted its position in Splunk by 19.9% during the third quarter. Reliance Trust Co. of Delaware now owns 10,663 shares of the software company’s stock worth $708,000 after purchasing an additional 1,769 shares during the period. Fox Run Management L.L.C. boosted its position in Splunk by 20.7% during the third quarter. Fox Run Management L.L.C. now owns 14,600 shares of the software company’s stock worth $970,000 after purchasing an additional 2,500 shares during the period. APG Asset Management N.V. boosted its position in Splunk by 34.8% during the third quarter. APG Asset Management N.V. now owns 84,820 shares of the software company’s stock worth $5,635,000 after purchasing an additional 21,900 shares during the period. Finally, Sit Investment Associates Inc. boosted its position in Splunk by 23.4% during the third quarter. Sit Investment Associates Inc. now owns 24,275 shares of the software company’s stock worth $1,613,000 after purchasing an additional 4,600 shares during the period.

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In other news, CFO David F. Conte sold 10,525 shares of the business’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $66.03, for a total value of $694,965.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Godfrey Sullivan sold 40,000 shares of the business’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $63.48, for a total value of $2,539,200.00. The disclosure for this sale can be found here. Insiders have sold 628,881 shares of company stock valued at $40,315,252 in the last quarter. 1.43% of the stock is owned by company insiders.

A number of equities analysts have commented on the stock. Maxim Group reaffirmed a “buy” rating and set a $79.00 price objective on shares of Splunk in a research report on Friday. KeyCorp reaffirmed a “buy” rating on shares of Splunk in a research report on Friday. Zacks Investment Research cut shares of Splunk from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Needham & Company LLC assumed coverage on shares of Splunk in a research report on Monday, October 23rd. They set a “buy” rating and a $95.00 price objective for the company. Finally, Northland Securities reaffirmed a “buy” rating and set a $80.00 price objective on shares of Splunk in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $73.97.

Shares of Splunk Inc. (NASDAQ:SPLK) traded up 0.71% during trading on Tuesday, hitting $66.81. The stock had a trading volume of 138,379 shares. The stock’s market capitalization is $9.35 billion. The firm has a 50 day moving average price of $66.19 and a 200-day moving average price of $62.90. Splunk Inc. has a 52 week low of $50.64 and a 52 week high of $69.61.

Splunk (NASDAQ:SPLK) last released its quarterly earnings results on Thursday, August 24th. The software company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The company had revenue of $279.96 million for the quarter, compared to analyst estimates of $268.72 million. Splunk had a negative return on equity of 75.81% and a negative net margin of 36.81%. The firm’s revenue was up 31.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 earnings per share. On average, equities research analysts forecast that Splunk Inc. will post $0.54 EPS for the current fiscal year.

About Splunk

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.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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