TD Asset Management Inc. increased its position in shares of Splunk Inc (NASDAQ:SPLK) by 10.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 410,221 shares of the software company’s stock after purchasing an additional 39,472 shares during the period. TD Asset Management Inc. owned about 0.27% of Splunk worth $51,585,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lee Capital Asset Management LLC bought a new stake in shares of Splunk during the first quarter valued at approximately $1,246,000. Cerebellum GP LLC bought a new stake in shares of Splunk during the first quarter valued at approximately $310,000. FDx Advisors Inc. grew its position in Splunk by 5.4% in the second quarter. FDx Advisors Inc. now owns 1,860 shares of the software company’s stock valued at $234,000 after acquiring an additional 95 shares during the period. Moors & Cabot Inc. grew its position in Splunk by 105.9% in the first quarter. Moors & Cabot Inc. now owns 32,508 shares of the software company’s stock valued at $4,032,000 after acquiring an additional 16,723 shares during the period. Finally, FinTrust Capital Advisors LLC grew its position in Splunk by 393.8% in the first quarter. FinTrust Capital Advisors LLC now owns 1,116 shares of the software company’s stock valued at $139,000 after acquiring an additional 890 shares during the period. Institutional investors and hedge funds own 92.28% of the company’s stock.

In other Splunk news, insider Ledger Susan St. sold 10,298 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $115.13, for a total value of $1,185,608.74. Following the completion of the sale, the insider now directly owns 247,598 shares in the company, valued at $28,505,957.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas Merritt sold 13,342 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $115.21, for a total value of $1,537,131.82. Following the completion of the sale, the chief executive officer now owns 296,211 shares of the company’s stock, valued at $34,126,469.31. The disclosure for this sale can be found here. Insiders sold 31,813 shares of company stock valued at $3,676,685 over the last 90 days. Corporate insiders own 0.34% of the company’s stock.

A number of analysts have weighed in on the company. Mitsubishi UFJ Financial Group upped their price target on Splunk to $159.00 and gave the company an “overweight” rating in a research report on Friday, May 24th. Maxim Group reiterated a “buy” rating and issued a $148.00 price target (down from $159.00) on shares of Splunk in a research report on Monday, June 3rd. Guggenheim lowered their price target on Splunk from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, May 24th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $160.00 price target on shares of Splunk in a research report on Monday, June 24th. Finally, Northland Securities reiterated a “buy” rating and issued a $160.00 price target on shares of Splunk in a research report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $144.27.

NASDAQ:SPLK traded down $1.04 during mid-day trading on Thursday, hitting $124.56. The company had a trading volume of 10,656 shares, compared to its average volume of 1,266,056. Splunk Inc has a fifty-two week low of $83.69 and a fifty-two week high of $143.70. The company has a fifty day moving average price of $132.30. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $19.39 billion, a price-to-earnings ratio of -78.53 and a beta of 2.02.

Splunk (NASDAQ:SPLK) last released its earnings results on Thursday, May 23rd. The software company reported ($0.85) earnings per share for the quarter, missing the consensus estimate of ($0.77) by ($0.08). Splunk had a negative net margin of 16.31% and a negative return on equity of 14.98%. The company had revenue of $424.90 million during the quarter, compared to analyst estimates of $395.92 million. During the same period in the previous year, the company posted ($0.07) EPS. The company’s quarterly revenue was up 36.4% compared to the same quarter last year. As a group, research analysts anticipate that Splunk Inc will post -0.99 earnings per share for the current year.

About Splunk

Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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