Great Lakes Advisors LLC lowered its position in Splunk Inc. (NASDAQ:SPLK) by 16.9% during the third quarter, Holdings Channel reports. The firm owned 89,722 shares of the software company’s stock after selling 18,183 shares during the period. Great Lakes Advisors LLC’s holdings in Splunk were worth $5,265,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. GAM Holding AG boosted its position in Splunk by 4.4% in the third quarter. GAM Holding AG now owns 102,333 shares of the software company’s stock worth $6,005,000 after buying an additional 4,277 shares during the period. Swiss National Bank boosted its position in shares of Splunk by 0.3% in the third quarter. Swiss National Bank now owns 364,800 shares of the software company’s stock valued at $21,406,000 after buying an additional 1,100 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Splunk by 5.8% in the third quarter. JPMorgan Chase & Co. now owns 4,911,187 shares of the software company’s stock valued at $288,499,000 after buying an additional 268,544 shares during the last quarter. Sei Investments Co. boosted its position in shares of Splunk by 8.9% in the third quarter. Sei Investments Co. now owns 461,612 shares of the software company’s stock valued at $27,088,000 after buying an additional 37,619 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Splunk by 6.2% in the third quarter. UBS Asset Management Americas Inc. now owns 332,632 shares of the software company’s stock valued at $19,518,000 after buying an additional 19,395 shares during the last quarter. 98.58% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

Shares of Splunk Inc. (NASDAQ:SPLK) traded up 0.42% on Wednesday, reaching $57.62. 7,601,344 shares of the company’s stock traded hands. The stock’s market cap is $7.75 billion. The firm’s 50-day moving average is $59.05 and its 200-day moving average is $58.63. Splunk Inc. has a 52-week low of $29.85 and a 52-week high of $65.75.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings data on Tuesday, November 29th. The software company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.04. The company had revenue of $245 million for the quarter. Splunk had a negative net margin of 42.84% and a negative return on equity of 38.45%. The firm’s revenue for the quarter was up 40.3% on a year-over-year basis. During the same quarter last year, the company earned $0.05 EPS. Analysts anticipate that Splunk Inc. will post $0.29 EPS for the current fiscal year.

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SPLK has been the topic of several recent research reports. Stifel Nicolaus cut shares of Splunk from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. They noted that the move was a valuation call. Barclays PLC raised their price target on shares of Splunk from $51.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, August 26th. Drexel Hamilton reaffirmed a “buy” rating and issued a $90.00 price target on shares of Splunk in a research report on Monday. Morgan Stanley raised their price target on shares of Splunk from $58.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, August 8th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $72.00 price target (up previously from $70.00) on shares of Splunk in a research report on Sunday, August 28th. Eleven equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $67.28.

In other Splunk news, SVP Leonard R. Stein sold 3,435 shares of the company’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $58.64, for a total transaction of $201,428.40. Following the completion of the sale, the senior vice president now directly owns 116,437 shares of the company’s stock, valued at $6,827,865.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Godfrey Sullivan sold 128,750 shares of the company’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $58.93, for a total transaction of $7,587,237.50. Following the sale, the director now directly owns 440,426 shares of the company’s stock, valued at $25,954,304.18. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Splunk Company Profile

Splunk Inc is a provider of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. It operates through the development and marketing of software solutions segment, which enables its customers to gain real-time operational intelligence by harnessing the value of their data.

5 Day Chart for NASDAQ:SPLK

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