Washington Capital Management Inc. held its stake in Splunk Inc. (NASDAQ:SPLK) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,300 shares of the software company’s stock at the end of the second quarter. Washington Capital Management Inc.’s holdings in Splunk were worth $415,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the stock. Nationwide Fund Advisors raised its stake in Splunk by 28.0% in the first quarter. Nationwide Fund Advisors now owns 159,900 shares of the software company’s stock worth $9,960,000 after buying an additional 34,950 shares during the period. Comerica Bank bought a new stake in Splunk during the fourth quarter worth $354,000. Gofen & Glossberg LLC IL raised its stake in Splunk by 0.6% in the first quarter. Gofen & Glossberg LLC IL now owns 32,259 shares of the software company’s stock worth $2,009,000 after buying an additional 200 shares during the period. Diversified Trust Co bought a new stake in Splunk during the first quarter worth $212,000. Finally, Harbour Capital Advisors LLC bought a new stake in Splunk during the first quarter worth $1,044,000.
Shares of Splunk Inc. (SPLK) opened at 59.33 on Friday. The company’s 50-day moving average price is $59.34 and its 200 day moving average price is $61.39. The company’s market cap is $8.21 billion. Splunk Inc. has a 52 week low of $50.64 and a 52 week high of $69.23.
Splunk (NASDAQ:SPLK) last released its quarterly earnings data on Thursday, May 25th. The software company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $242.40 million during the quarter, compared to the consensus estimate of $233.79 million. Splunk had a negative return on equity of 40.82% and a negative net margin of 35.19%. The business’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.02) EPS. Equities research analysts anticipate that Splunk Inc. will post $0.52 earnings per share for the current fiscal year.
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A number of analysts recently commented on the company. Drexel Hamilton reaffirmed a “buy” rating and issued a $93.00 price target on shares of Splunk in a research note on Thursday, July 13th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Splunk in a research note on Friday, April 21st. Robert W. Baird set a $71.00 price objective on Splunk and gave the stock a “buy” rating in a report on Saturday, May 27th. Zacks Investment Research upgraded Splunk from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Wedbush reiterated an “outperform” rating and issued a $78.00 price objective on shares of Splunk in a report on Monday, May 22nd. Twelve investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $70.77.
In other news, Director Godfrey Sullivan sold 128,750 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $57.58, for a total transaction of $7,413,425.00. Following the completion of the sale, the director now directly owns 843,290 shares in the company, valued at approximately $48,556,638.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Douglas Merritt sold 10,125 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $58.01, for a total value of $587,351.25. Following the sale, the insider now owns 231,440 shares of the company’s stock, valued at $13,425,834.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 558,056 shares of company stock valued at $32,554,124. Insiders own 3.00% of the company’s stock.
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.
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