DNB Asset Management AS Sells 1,083 Shares of Splunk Inc (SPLK)

DNB Asset Management AS cut its holdings in Splunk Inc (NASDAQ:SPLK) by 6.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,636 shares of the software company’s stock after selling 1,083 shares during the period. DNB Asset Management AS’s holdings in Splunk were worth $1,948,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Taylor Frigon Capital Management LLC lifted its holdings in Splunk by 0.5% in the fourth quarter. Taylor Frigon Capital Management LLC now owns 17,800 shares of the software company’s stock valued at $1,866,000 after acquiring an additional 87 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Splunk by 0.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,282 shares of the software company’s stock worth $1,183,000 after acquiring an additional 90 shares during the period. Utah Retirement Systems increased its position in shares of Splunk by 0.4% during the fourth quarter. Utah Retirement Systems now owns 27,100 shares of the software company’s stock worth $2,841,000 after acquiring an additional 100 shares during the period. ETRADE Capital Management LLC boosted its stake in Splunk by 1.7% in the fourth quarter. ETRADE Capital Management LLC now owns 6,182 shares of the software company’s stock valued at $648,000 after acquiring an additional 104 shares in the last quarter. Finally, Arete Wealth Advisors LLC boosted its stake in Splunk by 6.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 1,955 shares of the software company’s stock valued at $205,000 after acquiring an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 93.77% of the company’s stock.

Several equities analysts have issued reports on SPLK shares. Needham & Company LLC restated a “buy” rating and issued a $162.00 price objective (up previously from $145.00) on shares of Splunk in a research note on Friday, March 1st. Monness Crespi & Hardt restated a “buy” rating and issued a $200.00 price objective (up previously from $170.00) on shares of Splunk in a research note on Friday, March 1st. Maxim Group upped their price objective on shares of Splunk to $159.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Deutsche Bank upped their price objective on shares of Splunk to $160.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, Jefferies Financial Group decreased their price objective on shares of Splunk from $157.00 to $142.30 and set a “buy” rating for the company in a research note on Friday, March 1st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $142.56.

In related news, insider Ledger Susan St. sold 1,761 shares of Splunk stock in a transaction on Friday, January 18th. The shares were sold at an average price of $119.97, for a total transaction of $211,267.17. Following the sale, the insider now owns 215,798 shares of the company’s stock, valued at approximately $25,889,286.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Timothy Tully sold 6,655 shares of Splunk stock in a transaction on Friday, April 5th. The stock was 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 in the company, valued at approximately $16,356,719.62. The disclosure for this sale can be found here. Insiders have sold a total of 126,032 shares of company stock worth $15,824,708 in the last ninety days. 0.36% of the stock is currently owned by insiders.

NASDAQ:SPLK opened at $133.52 on Wednesday. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 1.07. The firm has a market cap of $20.21 billion, a P/E ratio of -83.97 and a beta of 2.03. Splunk Inc has a twelve month low of $83.69 and a twelve month high of $143.70.

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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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