Crossmark Global Holdings Inc. Takes Position in Splunk Inc (SPLK)

Crossmark Global Holdings Inc. acquired a new stake in Splunk Inc (NASDAQ:SPLK) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 3,032 shares of the software company’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Splunk by 24.1% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,375 shares of the software company’s stock valued at $195,000 after purchasing an additional 656 shares during the period. IFP Advisors Inc grew its position in shares of Splunk by 6.2% in the 2nd quarter. IFP Advisors Inc now owns 3,508 shares of the software company’s stock valued at $200,000 after purchasing an additional 204 shares during the period. Cipher Capital LP acquired a new position in shares of Splunk in the 2nd quarter valued at approximately $217,000. Advisor Group Inc. grew its position in shares of Splunk by 213.6% in the 2nd quarter. Advisor Group Inc. now owns 4,046 shares of the software company’s stock valued at $230,000 after purchasing an additional 2,756 shares during the period. Finally, Seven Bridges Advisors LLC grew its position in shares of Splunk by 5.1% in the 2nd quarter. Seven Bridges Advisors LLC now owns 4,284 shares of the software company’s stock valued at $244,000 after purchasing an additional 206 shares during the period.

Shares of Splunk Inc (SPLK) opened at $77.68 on Tuesday. Splunk Inc has a 12 month low of $50.64 and a 12 month high of $84.88.

Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Thursday, November 16th. The software company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.59. Splunk had a negative return on equity of 71.89% and a negative net margin of 32.72%. The company had revenue of $328.65 million for the quarter, compared to analysts’ expectations of $309.01 million. sell-side analysts anticipate that Splunk Inc will post -1.3 EPS for the current year.

Several equities research analysts have commented on the company. Citigroup restated a “hold” rating and issued a $73.00 target price on shares of Splunk in a research note on Monday, November 27th. Bank of America boosted their target price on Splunk from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, November 17th. Barclays boosted their target price on Splunk from $73.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, November 17th. Robert W. Baird restated an “average” rating and issued a $85.00 target price (up previously from $75.00) on shares of Splunk in a research note on Monday, November 20th. Finally, Zacks Investment Research upgraded Splunk from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Tuesday, November 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $82.74.

In related news, Director Thomas M. Neustaetter sold 3,614 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $67.70, for a total transaction of $244,667.80. Following the transaction, the director now directly owns 12,871 shares of the company’s stock, valued at approximately $871,366.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ledger Susan St. sold 677 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $69.52, for a total value of $47,065.04. Following the transaction, the senior vice president now directly owns 168,376 shares in the company, valued at $11,705,499.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 588,672 shares of company stock worth $39,505,760. Company insiders own 1.43% of the company’s stock.

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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.

Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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