Invictus RG Takes $343,000 Position in Splunk Inc (SPLK)

Invictus RG bought a new position in shares of Splunk Inc (NASDAQ:SPLK) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,162 shares of the software company’s stock, valued at approximately $343,000.

Other large investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its position in Splunk by 99.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 27,726 shares of the software company’s stock worth $1,577,000 after buying an additional 13,849 shares during the period. Advisors Asset Management Inc. boosted its position in Splunk by 7.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 15,167 shares of the software company’s stock worth $863,000 after buying an additional 1,032 shares during the period. Swiss National Bank boosted its position in Splunk by 3.8% during the 2nd quarter. Swiss National Bank now owns 494,700 shares of the software company’s stock worth $28,143,000 after buying an additional 17,900 shares during the period. Royal Bank of Canada boosted its position in Splunk by 13.5% during the 2nd quarter. Royal Bank of Canada now owns 52,243 shares of the software company’s stock worth $2,972,000 after buying an additional 6,212 shares during the period. Finally, Legal & General Group Plc boosted its position in Splunk by 1.2% during the 2nd quarter. Legal & General Group Plc now owns 547,738 shares of the software company’s stock worth $31,160,000 after buying an additional 6,713 shares during the period.

SPLK has been the topic of several recent research reports. KeyCorp reiterated a “buy” rating on shares of Splunk in a research report on Friday, October 27th. ValuEngine downgraded shares of Splunk from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Maxim Group restated a “buy” rating and issued a $79.00 price target on shares of Splunk in a research report on Friday, October 27th. Zacks Investment Research downgraded shares of Splunk from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, Needham & Company LLC initiated coverage on shares of Splunk in a research report on Monday, October 23rd. They issued a “buy” rating and a $95.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-eight have given a buy rating to the company’s stock. Splunk presently has a consensus rating of “Buy” and a consensus price target of $82.74.

Shares of Splunk Inc (SPLK) opened at $78.01 on Wednesday. Splunk Inc has a one year low of $50.64 and a one year high of $84.88.

Splunk (NASDAQ:SPLK) last released its quarterly earnings data on Thursday, November 16th. The software company reported $0.17 earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.59. The company had revenue of $328.65 million during the quarter, compared to analyst estimates of $309.01 million. Splunk had a negative net margin of 32.72% and a negative return on equity of 71.89%. analysts expect that Splunk Inc will post -1.3 earnings per share for the current fiscal year.

In other Splunk news, Director Godfrey Sullivan sold 128,750 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $67.84, for a total transaction of $8,734,400.00. Following the completion of the sale, the director now owns 699,540 shares in the company, valued at approximately $47,456,793.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ledger Susan St. sold 677 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $69.52, for a total transaction of $47,065.04. Following the sale, the senior vice president now owns 168,376 shares of the company’s stock, valued at approximately $11,705,499.52. The disclosure for this sale can be found here. Insiders sold a total of 588,672 shares of company stock valued at $39,505,760 in the last quarter. 1.43% of the stock is currently owned by company insiders.

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About Splunk

Splunk Inc (Splunk) is engaged in the development and marketing of software solutions. The Company’s offerings enable users to collect, index, search, explore, monitor and analyze data. Its offerings address diverse data sets that are referred to as big data and are specifically used for machine data.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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