Jag Capital Management LLC raised its position in Splunk Inc (NASDAQ:SPLK) by 42.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,949 shares of the software company’s stock after buying an additional 40,956 shares during the quarter. Splunk comprises about 2.8% of Jag Capital Management LLC’s holdings, making the stock its 15th largest position. Jag Capital Management LLC owned about 0.09% of Splunk worth $17,189,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SPLK. Toth Financial Advisory Corp raised its stake in shares of Splunk by 2,245.0% during the 1st quarter. Toth Financial Advisory Corp now owns 4,690 shares of the software company’s stock valued at $584,000 after purchasing an additional 4,490 shares during the period. Scout Investments Inc. raised its stake in shares of Splunk by 95.8% during the 1st quarter. Scout Investments Inc. now owns 387,950 shares of the software company’s stock valued at $48,339,000 after purchasing an additional 189,779 shares during the period. First Citizens Bank & Trust Co. raised its stake in shares of Splunk by 66.1% during the 1st quarter. First Citizens Bank & Trust Co. now owns 13,139 shares of the software company’s stock valued at $1,637,000 after purchasing an additional 5,230 shares during the period. Lake Street Financial LLC bought a new stake in shares of Splunk during the 1st quarter valued at $1,344,000. Finally, Juncture Wealth Strategies LLC raised its stake in shares of Splunk by 106.5% during the 1st quarter. Juncture Wealth Strategies LLC now owns 4,139 shares of the software company’s stock valued at $516,000 after purchasing an additional 2,135 shares during the period. Hedge funds and other institutional investors own 93.76% of the company’s stock.

In other news, CFO David F. Conte sold 4,991 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $128.03, for a total value of $638,997.73. Following the completion of the transaction, the chief financial officer now owns 123,965 shares of the company’s stock, valued at approximately $15,871,238.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Patricia Morrison sold 5,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $134.44, for a total value of $672,200.00. Following the completion of the transaction, the director now directly owns 26,359 shares of the company’s stock, valued at approximately $3,543,703.96. The disclosure for this sale can be found here. Insiders have sold a total of 126,032 shares of company stock valued at $15,824,708 in the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

A number of analysts recently issued reports on the company. Piper Jaffray Companies boosted their price objective on Splunk to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, February 27th. Needham & Company LLC reiterated a “buy” rating and set a $162.00 price objective (up from $145.00) on shares of Splunk in a research note on Friday, March 1st. Monness Crespi & Hardt reiterated a “buy” rating and set a $200.00 price objective (up from $170.00) on shares of Splunk in a research note on Friday, March 1st. Maxim Group boosted their price objective on Splunk to $159.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, Deutsche Bank boosted their price objective on Splunk to $160.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $142.56.

SPLK traded down $0.26 during midday trading on Monday, reaching $134.68. 936,506 shares of the company’s stock traded hands, compared to its average volume of 1,704,941. The firm has a market capitalization of $20.06 billion, a price-to-earnings ratio of -84.70 and a beta of 2.03. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.23 and a quick ratio of 3.23. Splunk Inc has a 52 week low of $83.69 and a 52 week high of $143.70.

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About Splunk

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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