XR Securities LLC Purchases New Stake in Splunk Inc (NASDAQ:SPLK)

XR Securities LLC acquired a new stake in Splunk Inc (NASDAQ:SPLK) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 3,341 shares of the software company’s stock, valued at approximately $416,000.

Several other institutional investors and hedge funds have also modified their holdings of SPLK. Canton Hathaway LLC acquired a new stake in shares of Splunk during the 4th quarter worth $315,000. Salem Investment Counselors Inc. boosted its position in shares of Splunk by 32.6% during the fourth quarter. Salem Investment Counselors Inc. now owns 14,690 shares of the software company’s stock valued at $1,540,000 after buying an additional 3,615 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Splunk by 2.0% during the fourth quarter. State of Alaska Department of Revenue now owns 18,100 shares of the software company’s stock valued at $1,897,000 after buying an additional 348 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Splunk by 244.4% during the fourth quarter. Captrust Financial Advisors now owns 427 shares of the software company’s stock valued at $45,000 after buying an additional 303 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its position in shares of Splunk by 8.3% during the fourth quarter. IFM Investors Pty Ltd now owns 8,609 shares of the software company’s stock valued at $903,000 after buying an additional 661 shares during the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.

In other news, SVP Timothy Tully sold 6,655 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $128.06, for a total transaction of $852,239.30. Following the sale, the senior vice president now directly owns 127,727 shares of the company’s stock, valued at approximately $16,356,719.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO David F. Conte sold 7,820 shares of the stock in a transaction dated Monday, March 4th. The stock was 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 directly owns 116,056 shares in the company, valued at $14,860,970.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 126,032 shares of company stock worth $15,824,708. Corporate insiders own 0.36% of the company’s stock.

NASDAQ:SPLK traded down $0.74 during mid-day trading on Monday, hitting $134.20. The company’s stock had a trading volume of 33,245 shares, compared to its average volume of 1,549,374. Splunk Inc has a 1 year low of $83.69 and a 1 year high of $143.70. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.23 and a current ratio of 3.23. The firm has a market cap of $20.06 billion, a price-to-earnings ratio of -84.32 and a beta of 2.03.

Several brokerages recently issued reports on SPLK. BidaskClub cut Splunk from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Morgan Stanley upped their price target on Splunk from $121.00 to $140.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 19th. Mizuho initiated coverage on Splunk in a research report on Wednesday, March 13th. They set a “buy” rating and a $150.00 price target for the company. Argus upped their price target on Splunk to $156.00 and gave the company a “buy” rating in a research report on Friday, March 8th. Finally, Zacks Investment Research lowered Splunk from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $142.56.

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Splunk Company Profile

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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