Splunk Inc (NASDAQ:SPLK) Holdings Decreased by American Century Companies Inc.

American Century Companies Inc. lessened its position in Splunk Inc (NASDAQ:SPLK) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,599,706 shares of the software company’s stock after selling 10,669 shares during the quarter. American Century Companies Inc. owned 1.08% of Splunk worth $167,729,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc lifted its holdings in shares of Splunk by 0.3% during the third quarter. Vanguard Group Inc now owns 12,476,788 shares of the software company’s stock valued at $1,508,569,000 after purchasing an additional 37,885 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Splunk by 7.6% during the third quarter. JPMorgan Chase & Co. now owns 3,122,059 shares of the software company’s stock valued at $377,486,000 after acquiring an additional 219,247 shares in the last quarter. Norges Bank bought a new stake in shares of Splunk during the fourth quarter valued at approximately $210,940,000. Geode Capital Management LLC increased its position in shares of Splunk by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 1,338,165 shares of the software company’s stock valued at $140,208,000 after acquiring an additional 42,563 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Splunk by 37.6% during the fourth quarter. Hsbc Holdings PLC now owns 1,278,350 shares of the software company’s stock valued at $134,036,000 after acquiring an additional 349,380 shares in the last quarter. 93.76% of the stock is currently owned by institutional investors and hedge funds.

Shares of SPLK stock opened at $134.68 on Tuesday. 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 stock has a market capitalization of $20.06 billion, a price-to-earnings ratio of -84.70 and a beta of 2.03. Splunk Inc has a one year low of $83.69 and a one year high of $143.70.

In other news, insider Ledger Susan St. sold 1,761 shares of the company’s stock in a transaction that occurred on Friday, January 18th. The shares were sold at an average price of $119.97, for a total value of $211,267.17. Following the completion of the sale, the insider now owns 215,798 shares of the company’s stock, valued at approximately $25,889,286.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patricia Morrison sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $134.44, for a total transaction of $672,200.00. Following the completion of the sale, the director now directly owns 26,359 shares of the company’s stock, valued at approximately $3,543,703.96. The disclosure for this sale can be found here. Insiders sold a total of 126,032 shares of company stock worth $15,824,708 over the last 90 days. Insiders own 0.36% of the company’s stock.

SPLK has been the subject of several analyst reports. ValuEngine raised shares of Splunk from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 5th. BidaskClub downgraded shares of Splunk from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Morgan Stanley set a $121.00 price target on shares of Splunk and gave the stock a “hold” rating in a research note on Friday, March 1st. Zacks Investment Research upgraded shares of Splunk from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Wednesday, December 26th. Finally, Citigroup lifted their price target on shares of Splunk from $98.00 to $112.00 and gave the stock a “sell” rating in a research note on Friday, March 1st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target 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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