Splunk Inc (SPLK) Shares Bought by Aperio Group LLC
Aperio Group LLC increased its stake in shares of Splunk Inc (NASDAQ:SPLK) by 81.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 26,870 shares of the software company’s stock after purchasing an additional 12,074 shares during the period. Aperio Group LLC’s holdings in Splunk were worth $2,644,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Penserra Capital Management LLC boosted its position in shares of Splunk by 18.6% during the 4th quarter. Penserra Capital Management LLC now owns 4,060 shares of the software company’s stock worth $336,000 after purchasing an additional 638 shares during the period. Envestnet Asset Management Inc. boosted its position in Splunk by 7.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 10,473 shares of the software company’s stock valued at $866,000 after buying an additional 698 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in Splunk by 20.5% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,921 shares of the software company’s stock valued at $484,000 after buying an additional 836 shares during the period. ETRADE Capital Management LLC boosted its position in Splunk by 37.0% in the 1st quarter. ETRADE Capital Management LLC now owns 3,558 shares of the software company’s stock valued at $350,000 after buying an additional 961 shares during the period. Finally, LPL Financial LLC boosted its position in Splunk by 2.2% in the 4th quarter. LPL Financial LLC now owns 45,990 shares of the software company’s stock valued at $3,809,000 after buying an additional 1,008 shares during the period. 93.40% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Ledger Susan St. sold 10,424 shares of Splunk stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $97.65, for a total transaction of $1,017,903.60. Following the sale, the insider now directly owns 308,593 shares in the company, valued at approximately $30,134,106.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David F. Conte sold 12,969 shares of Splunk stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $107.62, for a total transaction of $1,395,723.78. Following the sale, the chief financial officer now owns 106,582 shares in the company, valued at $11,470,354.84. The disclosure for this sale can be found here. Insiders have sold a total of 163,912 shares of company stock worth $16,716,531 over the last quarter. 0.36% of the stock is owned by company insiders.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Thursday, May 24th. The software company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. Splunk had a negative net margin of 20.72% and a negative return on equity of 33.11%. The firm had revenue of $311.60 million for the quarter, compared to analyst estimates of $297.58 million. During the same period last year, the business earned ($0.01) EPS. Splunk’s revenue for the quarter was up 37.4% compared to the same quarter last year. analysts predict that Splunk Inc will post -1.14 earnings per share for the current fiscal year.
Several equities analysts have commented on SPLK shares. Zacks Investment Research cut shares of Splunk from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Stephens reissued a “buy” rating on shares of Splunk in a research report on Friday, February 23rd. Credit Suisse Group reissued a “buy” rating and issued a $88.00 price target on shares of Splunk in a research report on Wednesday, February 28th. Wedbush raised shares of Splunk from a “neutral” rating to an “outperform” rating and raised their price target for the company from $103.00 to $118.00 in a research report on Friday, April 27th. Finally, Vetr cut shares of Splunk from a “hold” rating to a “sell” rating and set a $103.98 price target for the company. in a research report on Wednesday, April 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-two have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $108.71.
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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