IFM Investors Pty Ltd Acquires 1,600 Shares of Splunk Inc (NASDAQ:SPLK)

IFM Investors Pty Ltd increased its holdings in Splunk Inc (NASDAQ:SPLK) by 14.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 12,984 shares of the software company’s stock after buying an additional 1,600 shares during the period. IFM Investors Pty Ltd’s holdings in Splunk were worth $2,443,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado grew its stake in shares of Splunk by 6.1% in the first quarter. Public Employees Retirement Association of Colorado now owns 22,459 shares of the software company’s stock worth $2,835,000 after purchasing an additional 1,301 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Splunk by 180.7% in the 1st quarter. Janus Henderson Group PLC now owns 100,144 shares of the software company’s stock worth $12,637,000 after purchasing an additional 64,473 shares in the last quarter. Loomis Sayles & Co. L P lifted its stake in Splunk by 28.8% in the 1st quarter. Loomis Sayles & Co. L P now owns 666 shares of the software company’s stock worth $84,000 after purchasing an additional 149 shares in the last quarter. APG Asset Management N.V. lifted its stake in Splunk by 59.1% in the 1st quarter. APG Asset Management N.V. now owns 201,445 shares of the software company’s stock worth $25,428,000 after purchasing an additional 74,800 shares in the last quarter. Finally, Schroder Investment Management Group purchased a new stake in Splunk in the 1st quarter worth $339,000. 93.27% of the stock is owned by institutional investors.

In related news, CEO Douglas Merritt sold 13,709 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $218.10, for a total transaction of $2,989,932.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ledger Susan St. sold 1,624 shares of the stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $199.95, for a total transaction of $324,718.80. Following the sale, the insider now directly owns 154,236 shares of the company’s stock, valued at approximately $30,839,488.20. The disclosure for this sale can be found here. Insiders have sold 98,656 shares of company stock valued at $18,856,518 in the last three months. 0.21% of the stock is currently owned by corporate insiders.

Shares of NASDAQ SPLK traded up $1.91 during midday trading on Friday, reaching $207.20. 2,617,022 shares of the company’s stock traded hands, compared to its average volume of 1,891,221. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.35. The stock’s 50 day simple moving average is $196.92 and its 200-day simple moving average is $180.00. Splunk Inc has a one year low of $93.92 and a one year high of $225.89. The company has a market cap of $33.23 billion, a price-to-earnings ratio of -50.41 and a beta of 1.55.

Splunk (NASDAQ:SPLK) last released its quarterly earnings data on Wednesday, August 26th. The software company reported ($0.33) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.12) by $0.79. Splunk had a negative net margin of 27.62% and a negative return on equity of 25.57%. The firm had revenue of $491.66 million for the quarter, compared to the consensus estimate of $520.28 million. During the same period last year, the firm earned $0.30 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. Equities analysts predict that Splunk Inc will post -3.47 EPS for the current fiscal year.

SPLK has been the topic of several recent research reports. Royal Bank of Canada upped their target price on shares of Splunk from $210.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. Needham & Company LLC upped their target price on shares of Splunk from $192.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. BidaskClub upgraded shares of Splunk from a “sell” rating to a “hold” rating in a research report on Wednesday, September 30th. Argus upped their target price on shares of Splunk from $215.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, August 31st. Finally, Stifel Nicolaus upped their target price on shares of Splunk from $190.00 to $227.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and thirty-four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $223.51.

About Splunk

Splunk, Inc engages in the development and marketing of software solutions. Its products include Splunk cloud, Splunk light, and Splunk enterprise. It also offers solutions for information technology operations, security, internet-of-things, application analytics, business analytics, and industries. The company was founded by Erik M.

See Also: Buy-Side Analysts

Want to see what other hedge funds are holding SPLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Splunk Inc (NASDAQ:SPLK).

Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

Receive News & Ratings for Splunk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Splunk and related companies with MarketBeat.com's FREE daily email newsletter.