Splunk Inc (SPLK) Shares Sold by Brinker Capital Inc.

Brinker Capital Inc. lessened its holdings in shares of Splunk Inc (NASDAQ:SPLK) by 1.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 14,917 shares of the software company’s stock after selling 231 shares during the period. Brinker Capital Inc.’s holdings in Splunk were worth $1,564,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Taylor Frigon Capital Management LLC raised its holdings in Splunk by 0.5% in the 4th 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 in the last quarter. Utah Retirement Systems raised its holdings in Splunk by 0.4% in the 4th quarter. Utah Retirement Systems now owns 27,100 shares of the software company’s stock valued at $2,841,000 after acquiring an additional 100 shares in the last quarter. ETRADE Capital Management LLC raised its holdings in Splunk by 1.7% in the 4th 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. Bessemer Group Inc. raised its holdings in Splunk by 192.2% in the 4th quarter. Bessemer Group Inc. now owns 301 shares of the software company’s stock valued at $32,000 after acquiring an additional 198 shares in the last quarter. Finally, Seelaus Asset Management LLC raised its holdings in Splunk by 8.5% in the 4th quarter. Seelaus Asset Management LLC now owns 2,560 shares of the software company’s stock valued at $268,000 after acquiring an additional 200 shares in the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

Several research firms have commented on SPLK. Zacks Investment Research raised Splunk from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a report on Thursday, December 6th. BidaskClub cut Splunk from a “buy” rating to a “hold” rating in a report on Friday, March 15th. Mizuho began coverage on Splunk in a report on Wednesday, March 13th. They issued a “buy” rating and a $150.00 price target for the company. Piper Jaffray Companies upped their price target on Splunk to $160.00 and gave the company an “overweight” rating in a report on Wednesday, February 27th. Finally, Morgan Stanley set a $140.00 price target on Splunk and gave the company a “hold” rating in a report on Tuesday. Three research 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 a consensus price target of $142.56.

NASDAQ SPLK opened at $129.55 on Wednesday. The company has a market cap of $19.00 billion, a P/E ratio of -81.48 and a beta of 2.05. Splunk Inc has a one year low of $83.69 and a one year high of $143.70. The company has a debt-to-equity ratio of 1.14, a quick ratio of 3.84 and a current ratio of 3.84.

In related news, Director Patricia Morrison sold 5,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $134.44, for a total transaction of $672,200.00. Following the sale, the director now directly owns 26,359 shares in the company, valued at approximately $3,543,703.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Scott Morgan sold 1,366 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $124.49, for a total value of $170,053.34. Following the completion of the transaction, the general counsel now owns 46,807 shares in the company, valued at $5,827,003.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 68,193 shares of company stock worth $8,477,525. 0.36% of the stock is owned by corporate insiders.

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Splunk 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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