Aperio Group LLC Has $8.60 Million Holdings in Splunk Inc. (NASDAQ:SPLK)

Aperio Group LLC lessened its position in Splunk Inc. (NASDAQ:SPLK) by 9.3% in the fourth quarter, HoldingsChannel reports. The fund owned 50,637 shares of the software company’s stock after selling 5,210 shares during the quarter. Aperio Group LLC’s holdings in Splunk were worth $8,603,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SPLK. Xcel Wealth Management LLC lifted its holdings in shares of Splunk by 1.2% in the third quarter. Xcel Wealth Management LLC now owns 4,038 shares of the software company’s stock valued at $759,000 after purchasing an additional 49 shares in the last quarter. AE Wealth Management LLC lifted its holdings in shares of Splunk by 4.8% in the fourth quarter. AE Wealth Management LLC now owns 1,320 shares of the software company’s stock valued at $224,000 after purchasing an additional 60 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in Splunk by 2.0% during the third quarter. IHT Wealth Management LLC now owns 3,184 shares of the software company’s stock worth $599,000 after acquiring an additional 63 shares during the period. Ellevest Inc. lifted its holdings in Splunk by 23.6% during the third quarter. Ellevest Inc. now owns 335 shares of the software company’s stock worth $63,000 after acquiring an additional 64 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Splunk by 9.0% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 883 shares of the software company’s stock worth $150,000 after acquiring an additional 73 shares during the period. 90.47% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Scott Morgan sold 1,211 shares of the business’s stock in a transaction dated Monday, December 14th. The stock was sold at an average price of $155.40, for a total value of $188,189.40. Following the completion of the sale, the senior vice president now owns 69,826 shares of the company’s stock, valued at approximately $10,850,960.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas Merritt sold 16,497 shares of the business’s stock in a transaction dated Wednesday, December 16th. The shares were sold at an average price of $161.20, for a total value of $2,659,316.40. Following the completion of the sale, the chief executive officer now directly owns 240,866 shares of the company’s stock, valued at approximately $38,827,599.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,545 shares of company stock valued at $5,909,775. Corporate insiders own 0.34% of the company’s stock.

Shares of SPLK stock opened at $160.82 on Tuesday. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 1.41. The business has a 50-day moving average price of $169.47 and a two-hundred day moving average price of $186.68. Splunk Inc. has a 12-month low of $93.92 and a 12-month high of $225.89. The firm has a market cap of $26.01 billion, a P/E ratio of -32.23 and a beta of 1.44.

Splunk (NASDAQ:SPLK) last issued its quarterly earnings results on Tuesday, December 1st. The software company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.16). Splunk had a negative return on equity of 34.13% and a negative net margin of 34.77%. The firm had revenue of $559.00 million for the quarter, compared to the consensus estimate of $613.83 million. During the same period last year, the firm earned $0.58 EPS. The company’s revenue for the quarter was down 10.7% on a year-over-year basis. As a group, research analysts expect that Splunk Inc. will post -4 EPS for the current fiscal year.

SPLK has been the subject of a number of recent research reports. JPMorgan Chase & Co. downgraded Splunk from an “overweight” rating to a “neutral” rating and set a $175.00 target price for the company. in a research report on Thursday, December 3rd. JMP Securities decreased their target price on Splunk from $240.00 to $220.00 and set an “outperform” rating for the company in a research report on Thursday, December 3rd. BTIG Research downgraded Splunk from a “buy” rating to a “neutral” rating in a research report on Thursday, December 3rd. Daiwa Capital Markets initiated coverage on Splunk in a research report on Monday, December 28th. They issued a “neutral” rating and a $189.00 target price for the company. Finally, Raymond James decreased their target price on Splunk from $225.00 to $195.00 and set an “outperform” rating for the company in a research report on Thursday, December 3rd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $211.57.

Splunk Profile

Splunk Inc develops and markets software solutions that enable organizations to gain real-time operational intelligence in the United States and internationally. The company offers Splunk Enterprise, a real-time data platform, which include collection, indexing, search, reporting, analysis, alerting, monitoring, and data management capabilities; and Splunk Cloud, a cloud service for machine data.

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Institutional Ownership by Quarter for Splunk (NASDAQ:SPLK)

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