Cowen Inc. grew its stake in shares of Splunk Inc (NASDAQ:SPLK) by 66.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,834 shares of the software company’s stock after purchasing an additional 17,100 shares during the quarter. Cowen Inc.’s holdings in Splunk were worth $4,245,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SPLK. Mn Services Vermogensbeheer B.V. lifted its stake in Splunk by 2.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 21,994 shares of the software company’s stock worth $2,164,000 after acquiring an additional 500 shares during the period. IFP Advisors Inc lifted its stake in Splunk by 11.8% in the first quarter. IFP Advisors Inc now owns 4,831 shares of the software company’s stock worth $475,000 after acquiring an additional 510 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in Splunk by 1.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 44,395 shares of the software company’s stock worth $4,400,000 after acquiring an additional 606 shares during the period. Guggenheim Capital LLC lifted its stake in Splunk by 1.1% in the first quarter. Guggenheim Capital LLC now owns 58,879 shares of the software company’s stock worth $5,793,000 after acquiring an additional 665 shares during the period. Finally, Gulf International Bank UK Ltd lifted its stake in Splunk by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 42,454 shares of the software company’s stock worth $4,177,000 after acquiring an additional 675 shares during the period. 89.58% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Mark T. Carges sold 2,091 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $124.87, for a total transaction of $261,103.17. Following the completion of the transaction, the director now directly owns 19,444 shares in the company, valued at $2,427,972.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Godfrey Sullivan sold 8,750 shares of Splunk stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $126.00, for a total value of $1,102,500.00. Following the completion of the sale, the director now owns 144,755 shares of the company’s stock, valued at $18,239,130. The disclosure for this sale can be found here. Insiders have sold 69,032 shares of company stock valued at $8,640,864 over the last 90 days. Corporate insiders own 0.36% of the company’s stock.

A number of research firms have issued reports on SPLK. Deutsche Bank increased their price objective on Splunk from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, May 25th. Bank of America increased their price objective on Splunk from $124.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, May 25th. Maxim Group increased their price objective on Splunk to $126.00 and gave the stock a “buy” rating in a report on Friday, May 25th. Deutsche Bank increased their price objective on Splunk from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, May 25th. Finally, BTIG Research increased their price objective on Splunk to $130.00 and gave the stock a “buy” rating in a report on Friday, May 25th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirty-one have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $121.43.

Shares of NASDAQ:SPLK opened at $119.49 on Tuesday. Splunk Inc has a 1-year low of $62.39 and a 1-year high of $130.00. The firm has a market cap of $18.26 billion, a PE ratio of -91.21 and a beta of 2.08.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings results on Thursday, August 23rd. The software company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.03. Splunk had a negative return on equity of 26.44% and a negative net margin of 20.55%. The firm had revenue of $388.30 million during the quarter, compared to the consensus estimate of $358.46 million. During the same period last year, the company earned $0.08 earnings per share. The company’s revenue was up 38.6% on a year-over-year basis. sell-side analysts anticipate that Splunk Inc will post -1.15 EPS for the current fiscal year.

Splunk Profile

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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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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