US Bancorp DE boosted its holdings in Splunk Inc (NASDAQ:SPLK) by 5.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 207,600 shares of the software company’s stock after buying an additional 11,613 shares during the period. US Bancorp DE owned 0.14% of Splunk worth $20,573,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Hanseatic Management Services Inc. purchased a new stake in shares of Splunk in the first quarter valued at $960,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in Splunk by 20.5% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,921 shares of the software company’s stock worth $484,000 after buying an additional 836 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in Splunk by 6.4% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 19,265 shares of the software company’s stock worth $1,895,000 after buying an additional 1,165 shares during the period. Mizuho Securities USA LLC purchased a new position in Splunk in the 1st quarter worth about $1,476,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Splunk by 21.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 925,084 shares of the software company’s stock worth $91,019,000 after buying an additional 166,342 shares during the period. 89.58% of the stock is currently owned by hedge funds and other institutional investors.

In other Splunk news, insider Douglas Merritt sold 23,572 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $124.58, for a total transaction of $2,936,599.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David F. Conte sold 15,519 shares of Splunk stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $125.29, for a total transaction of $1,944,375.51. The disclosure for this sale can be found here. Insiders have sold a total of 66,941 shares of company stock valued at $8,379,761 over the last three months. 0.36% of the stock is currently owned by insiders.

Several research analysts recently commented on the stock. Barclays raised their price target on shares of Splunk from $127.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 7th. Zacks Investment Research downgraded shares of Splunk from a “buy” rating to a “hold” rating in a research note on Thursday, August 30th. BidaskClub raised shares of Splunk from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 28th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $135.00 price target on shares of Splunk in a research note on Sunday, August 26th. Finally, Piper Jaffray Companies raised their price target on shares of Splunk to $135.00 and gave the stock an “overweight” rating in a research note on Friday, August 24th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $121.43.

Shares of Splunk stock traded up $0.12 during midday trading on Friday, hitting $125.37. The company had a trading volume of 981,493 shares, compared to its average volume of 2,320,437. The firm has a market capitalization of $18.26 billion, a P/E ratio of -95.70 and a beta of 2.08. Splunk Inc has a 12-month low of $62.39 and a 12-month high of $130.00.

Splunk (NASDAQ:SPLK) last announced its quarterly earnings data on Thursday, August 23rd. The software company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.03. Splunk had a negative net margin of 20.55% and a negative return on equity of 26.44%. The firm had revenue of $388.30 million during the quarter, compared to analyst estimates of $358.46 million. During the same period last year, the firm posted $0.08 EPS. Splunk’s revenue was up 38.6% on a year-over-year basis. analysts anticipate that Splunk Inc will post -1.15 EPS for the current year.

About Splunk

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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