M&T Bank Corp decreased its stake in Splunk Inc (NASDAQ:SPLK) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,022 shares of the software company’s stock after selling 1,189 shares during the period. M&T Bank Corp’s holdings in Splunk were worth $1,741,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. SeaCrest Wealth Management LLC purchased a new stake in shares of Splunk in the fourth quarter worth about $102,000. Patten Group Inc. boosted its position in shares of Splunk by 1,048.8% in the third quarter. Patten Group Inc. now owns 24,746 shares of the software company’s stock worth $143,000 after buying an additional 22,592 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in shares of Splunk in the third quarter worth about $201,000. FDx Advisors Inc. purchased a new stake in shares of Splunk in the third quarter worth about $210,000. Finally, Commonwealth Equity Services Inc purchased a new stake in shares of Splunk in the third quarter worth about $210,000.
Splunk Inc (SPLK) opened at $92.64 on Friday. Splunk Inc has a 1-year low of $54.17 and a 1-year high of $97.27. The company has a market capitalization of $12,600.00, a P/E ratio of -41.54 and a beta of 2.04.
Several brokerages have recently weighed in on SPLK. Mizuho upped their target price on Splunk from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday. Wedbush reaffirmed a “neutral” rating and issued a $78.00 target price (down previously from $94.00) on shares of Splunk in a research report on Wednesday. BidaskClub raised Splunk from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Zacks Investment Research raised Splunk from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Friday, January 19th. Finally, Deutsche Bank upped their target price on Splunk to $100.00 and gave the stock a “buy” rating in a research report on Monday, January 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirty have given a buy rating to the company. Splunk has a consensus rating of “Buy” and an average target price of $84.59.
In other news, CFO David F. Conte sold 6,993 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $80.73, for a total transaction of $564,544.89. Following the sale, the chief financial officer now directly owns 110,364 shares in the company, valued at approximately $8,909,685.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Godfrey Sullivan sold 8,750 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $81.29, for a total value of $711,287.50. Following the sale, the director now owns 207,239 shares in the company, valued at $16,846,458.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,720 shares of company stock worth $2,477,118. 1.43% of the stock is currently owned by company insiders.
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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