Splunk Inc (SPLK) Holdings Boosted by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC boosted its position in Splunk Inc (NASDAQ:SPLK) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,955 shares of the software company’s stock after buying an additional 118 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Splunk were worth $205,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Berman Capital Advisors LLC acquired a new position in Splunk in the 4th quarter worth $29,000. Bessemer Group Inc. lifted its holdings in Splunk by 192.2% in the 4th quarter. Bessemer Group Inc. now owns 301 shares of the software company’s stock worth $32,000 after buying an additional 198 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Splunk by 244.4% in the 4th quarter. Captrust Financial Advisors now owns 427 shares of the software company’s stock worth $45,000 after buying an additional 303 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new position in Splunk in the 4th quarter worth $56,000. Finally, Parallel Advisors LLC lifted its holdings in Splunk by 111.3% in the 4th quarter. Parallel Advisors LLC now owns 638 shares of the software company’s stock worth $66,000 after buying an additional 336 shares in the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

A number of equities analysts have commented on SPLK shares. BidaskClub lowered shares of Splunk from a “buy” rating to a “hold” rating in a report on Friday, March 15th. Wedbush cut their price objective on shares of Splunk from $136.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, November 30th. Zacks Investment Research lowered shares of Splunk from a “buy” rating to a “hold” rating in a report on Friday, December 7th. Mizuho started coverage on shares of Splunk in a report on Wednesday, March 13th. They issued a “buy” rating and a $150.00 price objective on the stock. Finally, Cowen reiterated a “buy” rating and issued a $133.00 price objective on shares of Splunk in a report on Sunday, December 2nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $142.56.

In related news, CFO David F. Conte sold 7,820 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $128.05, for a total transaction of $1,001,351.00. Following the sale, the chief financial officer now owns 116,056 shares in the company, valued at $14,860,970.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Douglas Merritt sold 16,004 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $125.09, for a total transaction of $2,001,940.36. Following the sale, the insider now owns 195,302 shares in the company, valued at approximately $24,430,327.18. The disclosure for this sale can be found here. In the last quarter, insiders have sold 68,193 shares of company stock worth $8,477,525. 0.36% of the stock is owned by company insiders.

Shares of Splunk stock opened at $129.99 on Thursday. The stock has a market capitalization of $19.00 billion, a PE ratio of -81.75 and a beta of 2.05. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 1.14. Splunk Inc has a 1 year low of $83.69 and a 1 year high of $143.70.

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About Splunk

Splunk Inc provides software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. Its products enable users to collect, index, search, explore, monitor, correlate, and analyze data regardless of format or source. The company offers Splunk Enterprise, a machine data platform with collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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