Gulf International Bank UK Ltd boosted its holdings in shares of Splunk Inc (NASDAQ:SPLK) by 0.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,034 shares of the software company’s stock after buying an additional 280 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Splunk were worth $4,365,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Berman Capital Advisors LLC acquired a new position in shares of Splunk in the fourth quarter valued at approximately $29,000. Bessemer Group Inc. grew its position in shares of Splunk by 192.2% in the fourth quarter. Bessemer Group Inc. now owns 301 shares of the software company’s stock valued at $32,000 after purchasing an additional 198 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Splunk by 244.4% in the fourth quarter. Captrust Financial Advisors now owns 427 shares of the software company’s stock valued at $45,000 after purchasing an additional 303 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of Splunk in the fourth quarter valued at approximately $56,000. Finally, Financial Advocates Investment Management grew its position in shares of Splunk by 461.0% in the fourth quarter. Financial Advocates Investment Management now owns 864 shares of the software company’s stock valued at $61,000 after purchasing an additional 710 shares during the last quarter. 93.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SPLK stock opened at $128.08 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.23 and a current ratio of 3.23. Splunk Inc has a 1 year low of $83.69 and a 1 year high of $143.70.
In other Splunk news, CFO David F. Conte sold 7,820 shares of the company’s stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 116,056 shares in the company, valued at $14,860,970.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Timothy Tully sold 6,655 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $128.06, for a total value of $852,239.30. Following the sale, the senior vice president now owns 127,727 shares of the company’s stock, valued at $16,356,719.62. The disclosure for this sale can be found here. Insiders have sold 124,271 shares of company stock valued at $15,613,440 over the last 90 days. Corporate insiders own 0.36% of the company’s stock.
SPLK has been the topic of several research reports. ValuEngine raised Splunk from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 5th. BidaskClub downgraded Splunk from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Morgan Stanley set a $121.00 target price on Splunk and gave the company a “hold” rating in a research report on Friday, March 1st. Zacks Investment Research raised Splunk from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Wednesday, December 26th. Finally, Citigroup upped their target price on Splunk from $98.00 to $112.00 and gave the company a “sell” rating in a research report on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. Splunk currently has a consensus rating of “Buy” and a consensus price target of $143.84.
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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 investigate, monitor, analyze, and act on 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; Splunk Cloud; and Splunk Light, which offers log search and analysis for small IT environments.
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