Splunk Inc. (SPLK) Holdings Decreased by Castleark Management LLC

Castleark Management LLC cut its stake in shares of Splunk Inc. (NASDAQ:SPLK) by 4.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 232,593 shares of the software company’s stock after selling 11,100 shares during the period. Castleark Management LLC owned approximately 0.17% of Splunk worth $13,232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SPLK. Patten Group Inc. increased its position in shares of Splunk by 3.6% during the first quarter. Patten Group Inc. now owns 2,154 shares of the software company’s stock valued at $131,000 after acquiring an additional 75 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Splunk by 24.1% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,375 shares of the software company’s stock valued at $195,000 after acquiring an additional 656 shares during the last quarter. IFP Advisors Inc increased its position in shares of Splunk by 6.2% during the second quarter. IFP Advisors Inc now owns 3,508 shares of the software company’s stock valued at $200,000 after acquiring an additional 204 shares during the last quarter. Diversified Trust Co increased its position in shares of Splunk by 11.7% during the second quarter. Diversified Trust Co now owns 3,806 shares of the software company’s stock valued at $217,000 after acquiring an additional 400 shares during the last quarter. Finally, Cipher Capital LP acquired a new stake in shares of Splunk during the second quarter valued at about $217,000.

A number of brokerages have weighed in on SPLK. Drexel Hamilton reiterated a “buy” rating and set a $93.00 price target on shares of Splunk in a research report on Thursday, July 13th. Zacks Investment Research upgraded shares of Splunk from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research report on Wednesday, October 4th. Royal Bank Of Canada reiterated a “buy” rating and set a $75.00 price target on shares of Splunk in a research report on Monday, July 31st. Mitsubishi UFJ Financial Group reiterated a “buy” rating and set a $75.00 price target on shares of Splunk in a research report on Friday, August 25th. Finally, UBS AG reiterated a “buy” rating and set a $74.00 price target on shares of Splunk in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. Splunk has a consensus rating of “Buy” and a consensus target price of $73.06.

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In related news, Director Godfrey Sullivan sold 40,000 shares of Splunk stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $58.84, for a total value of $2,353,600.00. Following the transaction, the director now owns 744,540 shares of the company’s stock, valued at approximately $43,808,733.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Leonard R. Stein sold 4,851 shares of Splunk stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $67.79, for a total value of $328,849.29. The disclosure for this sale can be found here. Insiders sold a total of 588,881 shares of company stock worth $37,776,052 in the last three months. 1.43% of the stock is currently owned by company insiders.

Splunk (NASDAQ:SPLK) last released its earnings results on Thursday, August 24th. The software company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The firm had revenue of $279.96 million for the quarter, compared to analyst estimates of $268.72 million. Splunk had a negative return on equity of 75.81% and a negative net margin of 36.81%. Splunk’s revenue was up 31.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 earnings per share.

Splunk Profile

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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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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