Splunk Inc. (SPLK) Position Lowered by RidgeWorth Capital Management LLC
RidgeWorth Capital Management LLC cut its stake in shares of Splunk Inc. (NASDAQ:SPLK) by 0.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 158,003 shares of the software company’s stock after selling 200 shares during the period. RidgeWorth Capital Management LLC owned about 0.12% of Splunk worth $8,082,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of SPLK. Mn Services Vermogensbeheer B.V. increased its stake in shares of Splunk by 5.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 3,397 shares of the software company’s stock valued at $199,000 after buying an additional 177 shares in the last quarter. Salem Investment Counselors Inc. purchased a new stake in shares of Splunk during the third quarter valued at approximately $210,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Splunk during the third quarter valued at approximately $219,000. Wasatch Advisors Inc. purchased a new stake in shares of Splunk during the third quarter valued at approximately $241,000. Finally, Pacer Advisors Inc. increased its stake in shares of Splunk by 7.4% in the third quarter. Pacer Advisors Inc. now owns 4,130 shares of the software company’s stock valued at $242,000 after buying an additional 284 shares in the last quarter. Institutional investors own 97.80% of the company’s stock.
Shares of Splunk Inc. (NASDAQ:SPLK) traded up 1.56% during trading on Friday, hitting $63.84. The company had a trading volume of 504,421 shares. The stock has a 50-day moving average of $57.37 and a 200 day moving average of $58.60. The stock’s market capitalization is $8.66 billion. Splunk Inc. has a 12-month low of $33.61 and a 12-month high of $65.75.
Splunk (NASDAQ:SPLK) last announced its quarterly earnings results on Tuesday, November 29th. The software company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.04. Splunk had a negative return on equity of 41.28% and a negative net margin of 41.72%. The firm had revenue of $245 million for the quarter. During the same period in the previous year, the business posted $0.05 earnings per share. The business’s revenue for the quarter was up 40.3% compared to the same quarter last year. On average, analysts predict that Splunk Inc. will post $0.33 EPS for the current fiscal year.
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A number of research firms recently issued reports on SPLK. Wedbush reaffirmed a “buy” rating and issued a $75.00 price target (up from $72.00) on shares of Splunk in a report on Wednesday, November 30th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $60.00 price target on shares of Splunk in a report on Wednesday, November 30th. MKM Partners reaffirmed a “neutral” rating and issued a $60.00 price target (up from $55.00) on shares of Splunk in a report on Thursday, December 1st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $81.00 price target on shares of Splunk in a report on Wednesday, November 30th. Finally, Pacific Crest reaffirmed an “overweight” rating on shares of Splunk in a report on Wednesday, November 30th. Eleven equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $69.31.
In other news, Director Godfrey Sullivan sold 40,000 shares of Splunk stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $61.87, for a total transaction of $2,474,800.00. Following the sale, the director now directly owns 947,926 shares of the company’s stock, valued at $58,648,181.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas Merritt sold 6,155 shares of Splunk stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $56.62, for a total value of $348,496.10. Following the sale, the insider now directly owns 151,242 shares in the company, valued at $8,563,322.04. The disclosure for this sale can be found here. Insiders have sold 652,091 shares of company stock worth $37,912,325 over the last three months. 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.
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