Splunk Inc (SPLK) Position Cut by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. cut its position in Splunk Inc (NASDAQ:SPLK) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,772 shares of the software company’s stock after selling 24 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Splunk were worth $145,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in shares of Splunk by 41.8% in the fourth quarter. AQR Capital Management LLC now owns 86,556 shares of the software company’s stock worth $4,427,000 after buying an additional 25,510 shares during the period. Seven Eight Capital LP purchased a new stake in shares of Splunk during the fourth quarter worth about $1,492,000. GLG LLC increased its stake in shares of Splunk by 6.8% in the fourth quarter. GLG LLC now owns 7,889 shares of the software company’s stock worth $404,000 after buying an additional 502 shares during the period. Alyeska Investment Group L.P. purchased a new stake in shares of Splunk during the fourth quarter worth about $4,784,000. Finally, Loomis Sayles & Co. L P purchased a new stake in shares of Splunk during the fourth quarter worth about $2,047,000. Hedge funds and other institutional investors own 97.80% of the company’s stock.

Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

Splunk Inc (NASDAQ:SPLK) traded up 0.66% on Friday, hitting $62.44. 793,774 shares of the stock traded hands. The stock’s market cap is $8.63 billion. The firm’s 50-day moving average price is $61.28 and its 200-day moving average price is $58.91. Splunk Inc has a 12-month low of $45.07 and a 12-month high of $66.46.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings results on Thursday, February 23rd. The software company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.08. The company had revenue of $306.50 million for the quarter, compared to analyst estimates of $288.15 million. Splunk had a negative return on equity of 41.28% and a negative net margin of 41.72%. The company’s quarterly revenue was up 39.3% compared to the same quarter last year. During the same period last year, the company earned $0.11 earnings per share. On average, equities research analysts anticipate that Splunk Inc will post $0.60 EPS for the current fiscal year.

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A number of analysts recently issued reports on the stock. Canaccord Genuity reissued a “buy” rating and set a $70.00 price target on shares of Splunk in a report on Wednesday, February 22nd. MKM Partners reissued a “neutral” rating and set a $60.00 price target on shares of Splunk in a report on Wednesday, February 22nd. Jefferies Group LLC reissued a “buy” rating and set a $81.00 price target on shares of Splunk in a report on Friday, February 24th. Drexel Hamilton increased their price target on shares of Splunk from $90.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, February 24th. Finally, Wedbush reaffirmed an “outperform” rating and set a $75.00 price objective (down from $78.00) on shares of Splunk in a report on Friday, February 24th. Ten analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Splunk presently has an average rating of “Buy” and a consensus price target of $70.61.

In related news, SVP Leonard R. Stein sold 1,209 shares of Splunk stock in a transaction dated Wednesday, January 25th. The stock was sold at an average price of $60.00, for a total transaction of $72,540.00. Following the transaction, the senior vice president now directly owns 90,240 shares of the company’s stock, valued at $5,414,400. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Leonard R. Stein sold 3,825 shares of Splunk stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $61.74, for a total value of $236,155.50. Following the transaction, the senior vice president now directly owns 105,609 shares in the company, valued at $6,520,299.66. The disclosure for this sale can be found here. Insiders have sold 429,255 shares of company stock worth $26,484,687 over the last three months. Corporate insiders own 3.00% of the company’s stock.

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.

5 Day Chart for NASDAQ:SPLK

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