Splunk Inc (SPLK) Position Trimmed by Dubuque Bank & Trust Co.

Dubuque Bank & Trust Co. lowered its position in Splunk Inc (NASDAQ:SPLK) by 0.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,205 shares of the software company’s stock after selling 289 shares during the period. Dubuque Bank & Trust Co.’s holdings in Splunk were worth $4,137,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SPLK. Commonwealth Equity Services LLC grew its position in Splunk by 35.3% during the third quarter. Commonwealth Equity Services LLC now owns 7,362 shares of the software company’s stock valued at $890,000 after buying an additional 1,919 shares during the period. JPMorgan Chase & Co. grew its position in 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 buying an additional 219,247 shares during the period. Prudential Financial Inc. grew its position in Splunk by 19.7% during the third quarter. Prudential Financial Inc. now owns 9,120 shares of the software company’s stock valued at $1,103,000 after buying an additional 1,500 shares during the period. FMR LLC grew its position in Splunk by 36.4% during the third quarter. FMR LLC now owns 1,159,890 shares of the software company’s stock valued at $140,242,000 after buying an additional 309,395 shares during the period. Finally, Korea Investment CORP bought a new position in Splunk during the third quarter valued at about $1,012,000. Institutional investors own 93.77% of the company’s stock.

A number of equities analysts have weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $162.00 target price (up previously from $145.00) on shares of Splunk in a research report on Friday, March 1st. Monness Crespi & Hardt reiterated a “buy” rating and set a $200.00 target price (up previously from $170.00) on shares of Splunk in a research report on Friday, March 1st. Maxim Group increased their target price on shares of Splunk to $159.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Deutsche Bank increased their target price on shares of Splunk to $160.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Finally, Jefferies Financial Group cut their target price on shares of Splunk from $157.00 to $142.30 and set a “buy” rating for the company in a research report on Friday, March 1st. Three analysts have rated the stock with a sell rating, six have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $142.56.

In related news, SVP Leonard R. Stein sold 8,344 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $125.28, for a total value of $1,045,336.32. Following the sale, the senior vice president now directly owns 75,833 shares of the company’s stock, valued at $9,500,358.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ledger Susan St. sold 1,761 shares of the firm’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 transaction of $211,267.17. Following the completion of the sale, the insider now directly owns 215,798 shares in the company, valued at $25,889,286.06. The disclosure for this sale can be found here. Insiders sold 126,032 shares of company stock worth $15,824,708 over the last ninety days. 0.36% of the stock is currently owned by insiders.

SPLK traded down $3.72 on Wednesday, reaching $129.80. The company had a trading volume of 574,678 shares, compared to its average volume of 1,460,946. The company has a market capitalization of $20.04 billion, a P/E ratio of -81.64 and a beta of 2.03. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.23 and a quick ratio of 3.23. Splunk Inc has a 52-week low of $83.69 and a 52-week high of $143.70.

Splunk (NASDAQ:SPLK) last announced its earnings results on Thursday, February 28th. The software company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The company had revenue of $622.09 million during the quarter, compared to analysts’ expectations of $562.22 million. Splunk had a negative net margin of 15.28% and a negative return on equity of 14.59%. On average, equities analysts anticipate that Splunk Inc will post -1.08 earnings per share for the current year.

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About Splunk

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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